Viaspace Inc (fka VSPC)

[hedge_fun]

If Tibbar is a customer, and the grass was planted on 9/28 as is claimed, why didn't it show up in Q3?

Results of Operations


Three Months Ended September 30, 2012 Compared to September 30, 2011

Revenues

Revenues were $0 and $20,000 for the three months ended September 30, 2012 and 2011, respectively, a decrease of $20,000. Ionfinity incurred revenues of $20,000 for the three months ended September 30, 2011 and zero for the three months ended September 30, 2012 as all US government contracts were completed in 2011. The Company did not recognize any grass revenues for the three months ended September 30, 2012.

http://www.sec.gov/Archives/edgar/data/1270200/000101968712004224/viaspace_10q-093012.htm

Are you sure they sold the grass? If so why wasn't it reported as required?

Of course it could be they billed in October, but one would think as grass a valuable as GKG would require a deposit and it would have shown in the revenues.

Regardless, the contract should be an amendment, as required, to the 10K due the end of the month. Of course it could just be another MOU, so it need not be filed.

VIASPACE CEO Dr. Carl Kukkonen stated, "We are completely committed to supporting the ambitious schedule of the Tibbar project in St. Croix. We have signed a contract that will provide ongoing revenue for VIASPACE based on Giant King Grass harvested throughout the 20 year lifetime of the project. This is our first project in the United States which makes it an important milestone for VIASPACE."

http://www.viaspace.com/press_article.php?id=1376