Kind of what I was thinking in my earlier post so I agree with your conjecture on this and especially the part.
"What that means to shareholders- no clue. Could get rich or could also get hosed"
I find it interesting as hedge mentioned that Wang did not list the China gate license as an asset.
My thought is that he would as it would give the New China Gate an asset.
So as I said earlier it looks like Wang has left his position as Production Director of the GKG to which Dr.K did not file an 8K and we can assume that is because he did not want shareholders to know he left. We can also assume that Wang might no long hold the license agreement between VSPC and China Gate... If these assumption are correct I think these clues point to VGREF being sold or possibly VSPC...
The question now would be who is doing the selling. Will it be Chang be Carl missed the first payment . or will it be Carl because he has worked some kind of deal?????