Replies to post #3390 on Viaspace, Inc. (VSPC)

[lackofcash]

Do not panic There is a plan and it is being worked.We would not be trade marking a dead project. I do think we will be carving turkey with bright and shinning faces with BIG smiles.

[bigdaddyc25]

This is nonsense!!!!

The transfer agent in not gagged, you can call and confirm the share count at nay time.

There has been no dilution for almost a year.

[tommy 9 fingers]

Tanne, this is a re-post covering this subject, please notice that I e-mailed the transfer agent and got an update on share count. There has only been minor dilution and you can track it to the 11 million 144 restricted shares that were uses to pay for the promotion campaign or maybe Chang. The shares for the promo campaign can not be sold for one year.

Only one of the promoters was paid with 250,000 free trading shares. This shows that the pricing we are seeing is not dilution and more likely MM's positioning or playing game.

IMO the $.03 level has been the historical resistance level for the last year and even with all this great news lately nothing has changed until a contract is announced.

So every one is simply just waiting MM's included. Also please go back to the S-1 Chang is paid in shares will be locked or restriced for 90 days once VGE is finished. Any Shares he has recieved prior to the day I checked the share count with the Transfer agent are accounted for in that increase of 5.6 million shares.

This is not dilution this is VSPC investing their capitol, Dilution IMO would be increaing the A/S.

Here is the tranfer Agents name and contact info that I e-mailed with, she replied with in one day.

Best regards,
Tiffany Erickson
Stock Transfer Department

Nevada Agency and Transfer Company
50 West Liberty Street, Suite 880
Reno NV 89501

Tel: [phone]
Fax: [phone]
Email: [e-mail]



Please read this repost it will give you a good update on all share count issues to date and the expected dilution if you want to call it that, that we can expect:


Posted by: tommy 9 fingers Date: Thursday, November 05, 2009 1:22:30 PM
In reply to: None Post # of 3395

So I been reviewing the Yahoo Board on a regular basis to see what DD they discover. They are doing great work over there and there are some quality posts as well. I thought it was funny that one of posters over there thinks we’re a bunch of pumpers over hear on I-Hub or anyone who likes VSPC for that matter. He seems to be a little grumpy and is not very respectful to the other posters and most seem to have put him on ignore.

He has made mostly general negative comments with no DD to back it up and this his right, everyone is entitled to their opinion. Most of his comments have been addressed on both boards and investors appear to be fully aware of them (even us pumpers… LOL), and the greater percentage them do not see them as a hindrance to this company.

His latest theme seems to be concerns about dilution an R/S, but again he does not provide DD to back these thoughts up. So I thought I would help him out and do some DD to see if his concerns are legitimate. So I e-mailed Nevada Agency and Transfer Company, VSPC transfer agent yesterday morning and requested a current share count and they replied towards the end of the day yesterday. So let’s compare with what we know.


So here is what is says on our I-box provided by BigD board moderator:
Share Structure
AS = 1.5B as of last 10Q
OS from Q2 10Q = as of the latest practicable date: 878,934,693 shares of $0.001 par value common stock issued and outstanding as of August 10, 2009
OS from Q1 10Q = as of the latest practicable date: 870,833,536 shares of $0.001 par value common stock issued and outstanding as of May 8, 2009
Dilution of about 8M shares over 3 month period between Q's. Dilution seems to be in check


Here is what the transfer Agent reported to me yesterday 11/042009 this is a copy & paste from their e-mail.

The current Authorized share amount is 1,500,000,000 shares and the issued and outstanding is 884,593,031 shares. The float is not public information, please contact the company directly for that information.


So yes there has been a bit of dilution and if you do the math

OS count as of 08/10/2009 was 878,934,693
OS count as of 11/04/2009 is 884,593,031

That is an increase of 5,658,338 shares

We know from the Stockpromoters.com website that it’s promotion campaign is costing us right around 11 million shares so it looks like to me that the additional 5,658,338 shares is a 50% down payment on the promotional campaign. This mean that we should expect an additional 5.6 mil shares or so to be added to O/S by the end of campaign.

So the current O/S is 884,593,031 this includes the first 5.6 mil for the promo campaign and we add the other half this should bring our total share count to right around 890,251,369 shares.

Our A/S is still 1,500,000,000 shares, minus the expected O/S of 890,251,369 shares I just calculated leaves a reserve of 609,748,631 shares.

If they close the deal with Chang of which would be owed $5.6 mil dollars at an estimate share price of .03 comes in at about 187 mil in shares. This lowers the reserved to 422 mil. If the share price keep increasing it will take less shares to pay off Chang and our reserve will be higher.

But let’s just say it stays at .03 that still leaves us with a reserve of 422 mil or $12.6 million dollars in capital.

So I do not see the need to increase the A/S of 1.5 billion and this A/S IMO is already figured into the price of the stock so if they issue more shares from the reserve to pay for stuff like salaries, land, bills etc., it will not be considered dilution that effects the stock price. $12.6 million dollars will buy or lease a lot of land in China. Also keep in mind that all but the 11 million shares for the promo campaign will be going towards purchases that will increase the assets of VSPC and its value. Even if the new patents that were announced cost us shares that have not been recorded yet these are assets that will show on the balance sheet. Plus we have increasing profits from IPA to help cover cost of operations and undisclosed cost at this point. Also listing of VGE will also bring additional capitol in the range of an estimated $120 million.

So in closing, I do not see where dilution will even be an issue and what there may be I fell is already figured into the PPS. I invite this individual from the Yahoo board to debate this issue on our board since he reads it, I ask that he provides the same level of DD that I have to support his opinion that I have in supporting mine. Until he does so I would hope that he retracts his or hers opinion that I or anyone else on this board is a pumper. Once he has supplied his DD to the debate of dilution then I will be more than willing to debate any issue of R/S. I will leave with this comment regarding R/S’s if this is even a real concern. R/S’s can work if the company has the sales, profits, and growth to support it and it is not always a bad thing, but we will leave that for a future debate.