VIASPACE Green Energy Inc (VGREF)

[hedge_fun]

"Capital_formation" is making a great point in the hood. Dr. S's friends he met with about funding VSPC missed a great opportunity to control 2 public companies. The point you make about the NOLS makes the argument even more compelling.

The NOLS are worth less now, right? If VSPC lost VGREF, won't the losses from last year be reviewed and not applicable moving forward since the default occurred? I could be wrong, but unless VSPC list Goodwill as an asset there can't be a review. The only losses going forward will be adjusted like the $200K they pre-paid, the cost of the license, and the purchase of IPA. In other words, whatever Chang got in total from VSPC can only be listed going forward, not the bogus overpayment for IPA, since they lost the rights to IPA.