You know caps I think I read in their filings some where that you as a shareholder have the right to request in writing to review corporate records at the company HQ and they have to oblige you.
Caps what the heck is this???? page 32 VSPC filing under
ITEM 11. EXECUTIVE COMPENSATION
Look at foot note 3
Dr. Kukkonen deferred a portion of his 2009, 2010 and 2011 stock awards and is entitled to the following unregistered shares of Company common stock at December 31, 2011: 11,195,707 shares for deferred 2009 compensation; 8,467,939 shares for deferred 2010 compensation; and 24,730,678 shares for deferred 2011 compensation.
A total of 44,394,324 shares?
So do I have this right
they reported the O/S at the time of this report as 1,333,796,601 and as stated above have basically dedicated 44,394,324 shares of the still unissued remaining O/S to deffered payments owed or set aside as entitled to Carl.
if you look at page 32 again you will see about 1.8 million in yearly salary cost for 3 execs alone
So what they only have about 6 or 7 month Shares for salaries at the current pps? What if the current goes back to the recent lows of .0055.. what three or 4 months left?
Am I reading that right?
So that would mean that althought only 1,333,796,601 O/S currently issued would leave 166,203,399 shares left in the 1.5 billion A/S atm avaiable for capital that 44,394,324 shares are dedicated to Carl really only leaving 121,809,075 shares left.
Or at a PPS value of $.009 about $1,096,281 dollar of capital or salary accessiable to them if the were lucky enought to sell every share for .009