Replies to post #1926 on Viaspace, Inc. (VSPC)

[dbmarlowe1]

from form 424b2:

DILUTION
The net tangible book value of our common stock on September 30, 2007 was $745,000, or $0.0024 per share of common stock. Net tangible book value per share is calculated by subtracting our total liabilities from our total tangible assets, which is total assets less intangible assets of $223,000, and dividing this amount by the number of shares of our common stock outstanding on September 30, 2007.
After giving effect to the sale by us of 1,180,638 shares of common stock in this offering at the offering price of $0.0847 per share and after deducting our estimated offering expenses, our net tangible book value as of September 30, 2007 would have been $844,000, or $0.0027 per share of our common stock. This represents an immediate increase in net tangible book value of $0.0003 per share to our existing stockholders and an immediate decrease in the net tangible book value of $0.0820 per share to new investors. Dilution in the net tangible book value per share represents the difference between the offering price per share and the net tangible book value per share of our common stock immediately after this offering.
The following table illustrates this per share dilution:

Assumed public offering price per share $ 0.0847
Net tangible book value per share as of September 30, 2007 $ 0.0024
Increase per share attributable to new investors $ 0.0003
Adjusted net tangible book value per share after this offering $ 0.0027
Dilution per share to new investors $ 0.0820

The number of shares of our common stock to be outstanding after this offering is based on 305,945,236 shares of common stock outstanding as of September 30, 2007, and does not include (in each case as of September 30, 2007):