Replies to post #585 on VIASPACE Green Energy Inc (VGREF)

[tommy 9 fingers]

Kind of what I was thinking in my earlier post so I agree with your conjecture on this and especially the part.

"What that means to shareholders- no clue. Could get rich or could also get hosed"

I find it interesting as hedge mentioned that Wang did not list the China gate license as an asset.

My thought is that he would as it would give the New China Gate an asset.

So as I said earlier it looks like Wang has left his position as Production Director of the GKG to which Dr.K did not file an 8K and we can assume that is because he did not want shareholders to know he left. We can also assume that Wang might no long hold the license agreement between VSPC and China Gate... If these assumption are correct I think these clues point to VGREF being sold or possibly VSPC...

The question now would be who is doing the selling. Will it be Chang be Carl missed the first payment . or will it be Carl because he has worked some kind of deal?????

[hedge_fun]

Shareholders are getting hosed, aren't they? DILUTION is not good for LONGS.

The argument has been that Chang won't let VSPC default because he is the LARGEST shareholder and wants VSPC to succeed.

Then why doesn't Chang take about 2 million shares of VGREF as payment in full? That would remove a cloud of doubt, and the pps would probably bounce pretty well. Of course if DEFAULT occurs, he gets 6 million or so VGREF shares anyway, right?

I have also suggested that Carl will actually make it look like he SOLD GKG to back to Chang, and remove the debt from the books. Instead of DEFAULT, the PR would read that after much study, and traveling the WORLD 5 times over, we have decided it not's in the best interest of shareholders to continue to DILUTE the stock, as would be needed in order to make payments to Chang.

By agreement Chang will pay VSPC 100,000,000 shares of VSPC stock in (ex)chang(e) for the technology tranfer in the coming days.

Not sure it's going to happen that way now or not, but what has been good for shareholders? The VSPC pps was close to a nickel and the OS count was close to half what it is now when BIOMASS was first uttered. Plus $5 million in the hole.

Why would Chang not forgive a $5 million loan outright, if GKG is going to be a worldwide commodity? What's $5 million to $ Billions? GKG is going to replace NUKES, oil, and coal, right?

Of course the more complicated the breakup, as you suggest, some LONGS might think it's brilliant. Carl tells shareholders that the licensing agreement with VGE Singapore will provide POTENTIAL royalties to VSPC if certain events occur.

Not because it's pennytown, because shareholders are already getting hosed, they just don't know it. IMHO of course.

Truth is, they may actually know they are getting hosed, they just won't admit it.