yea obviously...this is why i dont post too much anymore...we dont have very many new issues to talk about...just distorting old news more and more all the time...
VIASPACE UPDATE ON VIASPACE GREEN ENERGY IPO 11/23/2009
Company in Negotiations for Second Closing
Irvine, CA- November 23, 2009- VIASPACE Inc. (OTC Bulletin Board: VSPC), a clean energy company growing Giant KingTM Grass as a low-carbon, renewable energy crop, today provided an update on the status of the initial public offering of its majority owned subsidiary VIASPACE Green Energy.
VIASPACE Green Energy (VGE) filed registration statement on form S-1 with the Securities and Exchange Commission (SEC) to register shares for public sale. VGE received comments from the SEC and filed an amended S-1 on November 19, 2009. It is available on the SEC website http://www.sec.gov/ under the company name VIASPACE Green Energy.
VIASPACE CEO Dr. Carl Kukkonen stated, "We are very optimistic that the registration statement for VIASPACE Green Energy will be approved."
Under the terms of the Securities Purchase Agreement dated October 21, 2009 and its amendments, VIASPACE is obligated to pay $4.8 million in cash plus interest to the seller to effect the second and final closing. The deadline for the second closing has been extended until November 26, 2009. VIASPACE is in active negotiations with the seller.
Info from VSPC website....too bad they are wrong.....huh Josh?
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