VIASPACE Green Energy Inc (VGREF)

[hedge_fun]

VGREF has NO pellet inventory on the balance sheet.......

In fact there is no grass inventory at all.

There were suppose to start making pellets in Q2, but nothing shows for Q3.

MARIETTA, Georgia - April 23, 2012-VIASPACE Inc. (OTC Bulletin Board: VSPC - News), and its subsidiary VIASPACE Green Energy Inc. (OTC Bulletin Board: VGREF) today reported that the company has installed state-of-the-art pellet production equipment at its plantation site in Southern China.

The company has purchased a 2 ton/hour pellet mill from one of the largest, well-known and reputable pellet mill manufacturers. The pellet mill is expected to be operational and producing Giant KingTM Grass ("GKG") pellets in May and the company will begin selling pellets in the Asia market shortly thereafter.

http://www.viaspace.com/press_article.php?id=1366