Viaspace, Inc. (VSPC)

[hedge_fun]

Are you sure he is? They haven't said he bought more since the 10K was released.

He claimed he wanted to be a 10% owner, but the dilution has outpaced his purchasing of shares by the last count.

The theory on some Skype boards is he is buying and will takeover the company. The real value is in the NOL's apparently, and it seems to make sense.

My point was that real investment (money) would be in infrastructure, not in absorbing dilution.

When the bank gave me a 80/20 loan, I could only make draws against work done. They wanted to make sure I did get too far ahead with THEIR investment in my project.

They didn't loan me money for my salary on a house that didn't exist because I talked to many potential customers about what I told them it would look like at some point in the future. Their investment was in SECURED sticks and bricks.

A real investment in a real product is what I would like to see. VSPC got the 20K sq ft building built, announced the logs, and I thought........hey maybe I was wrong. Karl announced a roll out, missed the deadline, and Jan lied to me about CERTS. I even posted my "interview" with Jan and his words were, the CERTS would come, "for sure". I was a believer until it turned into a few thousand broke logs with NO CERTS. Seattle even posted that Jan told him they wouldn't ship without CERTS.

Why is Kevin buying shares? Good question. Why isn't an investor giving VSPC draws towards a project?

Financing may be coming, but what will it be used for? These loan sharks aren't stupid. They can get a pretty good ROI with convertible debentures.

Where did you see they had to wait 10 years to convert?

Thanks