VIASPACE Green Energy Inc (VGREF)

[hedge_fun]

Actually it was $2.46 per share.

Read the last 10K

VSPC didn't pay cash because they didn't have any. They paid $16MM in VSPC shares for more than 6.5 million VGREF shares. Now Chang has the VSPC shares and the VGREF shares.

Now VGREF may not have a large shareholder base, but VSPC has had constant selling pressure since I first saw the ticker. It would be hard for someone to unload a substantial position in VSPC as well.

Now you ask what options Karl had as it relates to toxic financing? Why not sell Dr. (B)S VGREF shares in a private placement? He said he was talking to his finance buddies before the default. Why do all the loans VSPC signs have to include common shareholders getting the shaft?

Chang gets 400MM VSPC shares for free.

If the price can hold, Dr. (B)S will triple his money. You said he wouldn't convert, remember?

Jan said the VGREF shares would go fast, remember?

Karl said institutional investors would be attracted to VGREF, remember?

Which brings me back to my original question. What is Karl doing exactly that would suggest success in on the horizon? He is lying to the investing public about VSPC's growth. He acts desperate, not confident. Why pretend you are something you aren't?

He had a choice and acted like Ruby Sahiwal. He hangs with liars and lone sharks. With shareholder approval, of course.