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Re: hedge_fun post# 22283

Tuesday, 04/03/2012 1:17:34 PM

Tuesday, April 03, 2012 1:17:34 PM

Post# of 31561
Caps what the heck is this???? page 32 VSPC filing under

ITEM 11. EXECUTIVE COMPENSATION

Look at foot note 3

Dr. Kukkonen deferred a portion of his 2009, 2010 and 2011 stock awards and is entitled to the following unregistered shares of Company common stock at December 31, 2011: 11,195,707 shares for deferred 2009 compensation; 8,467,939 shares for deferred 2010 compensation; and 24,730,678 shares for deferred 2011 compensation.



A total of 44,394,324 shares?

So do I have this right

they reported the O/S at the time of this report as 1,333,796,601 and as stated above have basically dedicated 44,394,324 shares of the still unissued remaining O/S to deffered payments owed or set aside as entitled to Carl.

if you look at page 32 again you will see about 1.8 million in yearly salary cost for 3 execs alone

So what they only have about 6 or 7 month Shares for salaries at the current pps? What if the current goes back to the recent lows of .0055.. what three or 4 months left?

Am I reading that right?

So that would mean that althought only 1,333,796,601 O/S currently issued would leave 166,203,399 shares left in the 1.5 billion A/S atm avaiable for capital that 44,394,324 shares are dedicated to Carl really only leaving 121,809,075 shares left.

Or at a PPS value of $.009 about $1,096,281 dollar of capital or salary accessiable to them if the were lucky enought to sell every share for .009

Why did they move that office again?