Replies to post #25116 on Viaspace Inc (fka VSPC)

[hedge_fun]

If Tibbar is a customer, and the grass was planted on 9/28 as is claimed, why didn't it show up in Q3?

Results of Operations


Three Months Ended September 30, 2012 Compared to September 30, 2011

Revenues

Revenues were $0 and $20,000 for the three months ended September 30, 2012 and 2011, respectively, a decrease of $20,000. Ionfinity incurred revenues of $20,000 for the three months ended September 30, 2011 and zero for the three months ended September 30, 2012 as all US government contracts were completed in 2011. The Company did not recognize any grass revenues for the three months ended September 30, 2012.

http://www.sec.gov/Archives/edgar/data/1270200/000101968712004224/viaspace_10q-093012.htm

Are you sure they sold the grass? If so why wasn't it reported as required?

Of course it could be they billed in October, but one would think as grass a valuable as GKG would require a deposit and it would have shown in the revenues.

Regardless, the contract should be an amendment, as required, to the 10K due the end of the month. Of course it could just be another MOU, so it need not be filed.

VIASPACE CEO Dr. Carl Kukkonen stated, "We are completely committed to supporting the ambitious schedule of the Tibbar project in St. Croix. We have signed a contract that will provide ongoing revenue for VIASPACE based on Giant King Grass harvested throughout the 20 year lifetime of the project. This is our first project in the United States which makes it an important milestone for VIASPACE."

http://www.viaspace.com/press_article.php?id=1376

[tommy 9 fingers]

Not I think in most peoples definition. Ir your born there you ain't a citizen so imho it ain't US soil.

The Virgin Islands of the United States (commonly called the United States Virgin Islands, U.S. Virgin Islands, or USVI) are a group of islands in the Caribbean that are an insular area of the United States. The islands are geographically part of the Virgin Islands archipelago and are located in the Leeward Islands of the Lesser Antilles.

http://en.wikipedia.org/wiki/United_States_Virgin_Islands

An insular area is a United States territory that is neither a part of one of the 50 U.S. states nor the District of Columbia, the federal district of the U.S.[1] They are called "insular" from the Latin word insula ("island") because they were once administered by the War Department's Bureau of Insular Affairs, now the Office of Insular Affairs at the Department of the Interior. The term insular possession is also sometimes used.

Because those insular areas that are inhabited are unincorporated territories, their native-born inhabitants are not constitutionally entitled to United States citizenship under the Citizenship Clause.[citation needed] However, Congress has extended citizenship rights to all inhabited territories except American Samoa, and these citizens may vote and run for office in any U.S. jurisdiction in which they are residents. The people of American Samoa are U.S. nationals, but not U.S. citizens; they are free to move around and seek employment within the whole United States without immigration restrictions but cannot vote or hold office outside of American Samo

http://en.wikipedia.org/wiki/Insular_area