Viaspace, Inc. (VSPC)

[hedge_fun]

The hit is the NET WORTH of the company. That hit required a waiver from Chang, and is often why Goodwill is on a balance sheet in the first place.

People have took a hit with the value of their homes.....it seems many have OVER~PAID.

Again, I never said they actually pay fees, it's just proof that IPA wasn't worth over $15MM. If they actually pay that much by paying off the note, it would be 2X's higher than it should be based on the review.....plus interest! How 'bout that for a fee?

Let's see what agreement, if any, they come to. Karl told the market he expected $20MM in revenues years ago from GKG. The $22K to date is just over 1% of expectations for the HIGHEST YIELDING CROP ON EARTH, but those expectations didn't include 2011.