Thursday, February 18, 2010 10:17:20 AM
I think you are missing the entire point of this transaction.........
What you fail to realize, is that Chang is a significant shareholder of VSPC…..Dr. K could have easily raised the funding to pay off Chang………same way most other pennies do it…deadly dilutive financing…………This would not have been in anyone’s best interests……..Chang does not want to run VGE on his own……he wants to work with Dr K, and he wants to make money……..it would be in his best interest to work out a deal (part loan, part shares), that would maximize the value of his VSPC holdings…….this is why he has agreed to all the extensions and is working with the company now……..
If his goal was to keep VGE and the VSPC shares, he would have done this a long time ago……………
later
BigD
FEATURED Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM