hedge_fun
10 years ago
2. Yes, I was a director of a VGE....
I have reviewed the annual reports and see no mention of you ever being listed as a director since VGE was formed. Can you provide a link that shows your statement to be true? Here are all annual reports filed by VGE with the SEC. You have never been listed as a Director. I don't even see an 8K that lists your appointment and/or resignation.
Page 25 http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9223808
Page 26 http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8518727
Page 27 http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7833508
Page 28 http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7159705
4. Carl was unable to secure support for his green project and I recall, perhaps two years ago, that I
signed certain papers to wind up VGE.
According to the last 10Q, VGE was not "wound up" within the last couple of years. Is this filing with the SEC false?
For the quarterly period ended September 30, 2014
We are growing GKG on approximately 457 acres of leased land in China, which serves as a nursery to provide seedlings for large bioenergy projects, a demonstration plantation for potential partners and customers to visit, to provide samples for testing by potential customers, and as a grass source for our own pellet products.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10301918
If you wouldn't mind clarifying.
Thanks
pateo
10 years ago
Viaspace Green Energy Conspiracy????
I was alerted to this post yesterday and I believe I should respond, although a couple of years belated.
1. I am not aware until now that there have been allegations of conspiracy.
2. Yes, I was a director of a VGE as a favor to my friend, Carl Kukkonen, who founded Viaspace.
Carl was a scientist at NASA's Jet Propulsion Research Laboratory in San Diego. He is now retired.
3. He discovered that Giant King Grass could be cultivated and harvested 3 times a year and pelletised
to produce fertiliser or as feedstock when mixed with coal for power plants, which would reduce
carbon emissions.
4. Carl was unable to secure support for his green project and I recall, perhaps two years ago, that I
signed certain papers to wind up VGE.
Carl is not a person to misrepresent the technology nor is he dishonest.
Patrick Teo
hedge_fun
11 years ago
VGREF is expanding, why isn't VSPC?
Grass revenues were $183,000 in 2012 compared with $15,000 in 2011, an increase of $168,000.
Mr. Sung Chang, President of VIASPACE Green Energy (VGREF) stated, "The fourth quarter of 2012 represented the first quarter that we have reported revenues derived from the sale of Giant Kingβ’ Grass pellets in China. I am very pleased with this achievement. Our pellet sales to customers in China have proven that VGREF can manufacture high-quality pellets and deliver them to customers at an attractive price. We are able to offer favorable prices to our customers by taking advantage of Giant King Grass' high growth yields. We are seeing the pellet market in China grow and expect our Giant King Grass pellets to help supply this demand. At this time, we are searching for more land to expand our Giant King Grass plantation and install an additional pellet mill."
Just askin'
hedge_fun
12 years ago
Additional information upon request:
Karl is bragging on the VSPC website about this accomplishment, as if it were actually deserved. The letter shows what little respect he has for shareholders. Any increases will now be removed since the VGREF shares belong to Chang.
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.
The last Q shows no revenues in 2012, and only $20K as of 9/30/2011, and that was security related. See page 18:
http://www.sec.gov/Archives/edgar/data/1270200/000101968712004224/viaspace_10q-093012.htm
Deloitte Lists VIASPACE in Top 10 Fastest-Growing Clean Technology Companies
From the top 10 list below, you can see we are in good company
http://www.viaspace.com/press_article.php?id=1387
hedge_fun
12 years ago
Sure it is. Regardless of whether they are in the Top 10 or not, the ranking is based on revenue. It's based on 2600 plus percent revenue growth in clean technology.
You are proving my point about shareholder approval as well. You know good and well VSPC has never had $5MM in revenues from GKG, as is required. They shouldn't even be on the list, yet you are trying to make the point they are ranked even higher than I said in an earlier post.
I am not denying they aren't on the list. I am saying they lied to get there, and shareholders approve. It reminds me of Ruby and his website filled with lies. Karl knew the website was bogus and shareholders here saw my emails pointing it out. It didn't matter. Longs just knew the Dominican Republic deal would happen.
Now Dr. Kevin (the loan shark) Schewe comes into the picture and longs say, "he won't convert, he'll just be hurting himself". The minute he does the justification for diluting the stock begins.
Same with the ranking. Make it as high as you want, but you can't even prove they qualify.
Your move.
hedge_fun
12 years ago
Actually it was $2.46 per share.
Read the last 10K
VSPC didn't pay cash because they didn't have any. They paid $16MM in VSPC shares for more than 6.5 million VGREF shares. Now Chang has the VSPC shares and the VGREF shares.
Now VGREF may not have a large shareholder base, but VSPC has had constant selling pressure since I first saw the ticker. It would be hard for someone to unload a substantial position in VSPC as well.
Now you ask what options Karl had as it relates to toxic financing? Why not sell Dr. (B)S VGREF shares in a private placement? He said he was talking to his finance buddies before the default. Why do all the loans VSPC signs have to include common shareholders getting the shaft?
Chang gets 400MM VSPC shares for free.
If the price can hold, Dr. (B)S will triple his money. You said he wouldn't convert, remember?
Jan said the VGREF shares would go fast, remember?
Karl said institutional investors would be attracted to VGREF, remember?
Which brings me back to my original question. What is Karl doing exactly that would suggest success in on the horizon? He is lying to the investing public about VSPC's growth. He acts desperate, not confident. Why pretend you are something you aren't?
He had a choice and acted like Ruby Sahiwal. He hangs with liars and lone sharks. With shareholder approval, of course.
hedge_fun
12 years ago
So if price is the factor, what does that say about Karl? VSPC has far more bagholders than VGREF.
Who bought 2000 shares of a company that there is no interest in.
Who bought the other shares at much higher prices? Don't forget, VSPC bought millions of VGREF shares at $3 with VSPC shares. Now Chang owns both. GREAT JOB KARL!
I doubt there will be much interest in a Chinese biomas company with Chinese ownedship,
There is far likely to be more interest in penny land, as I have previously posted. Of course Chang will need some good news and a good stock promoter.
Besides, VGREF is more of a biomass company than VSPC. The framed art revenues generated over the last few years were lied about by Karl to suggest they were a growing clean energy company.
My point wasn't to defend Chang. I simply asked what Karl was doing to make VSPC a success? Toxic financing is a huge red flag, yet VGREF is using funds to expand Grassland. Maybe Chang should fill out an application with Deloitte.
VSPC has a history of trading below the 50 day MA. Does this look like 2600% growth to you?
hedge_fun
12 years ago
What indication is there that Karl is trying to make VSPC a success? All he is doing is trying to sell shares, which he is, to Dr. (B)S at a discount. Did you really believe the "lock-up agreement" BS? Karl knows exactly what he is doing and how to pull his "sheeple's" chain. The shares he owns may be locked up, but as long as the company has shares to print, he can sell them, and will. Karl is probably making very good use of the $105K Dr. (B)S "loaned" VSPC.....for himself. He likes to travel to Asia, doesn't he?
Now Chang is using company funds to double the size of Grassland, unlike Karl, and with the right pellet news and numbers we could start seeing a market here......at these levels. Few OTC stocks have a market in Dollar Land.
Besides, the drop in price may benefit Chang.......tax wise.
Is there a CPA in the house?
hedge_fun
12 years ago
Looks like they expect to sell more pellets........
At September 30, 2012, the Company has made deposits of $144,000 for an additional land lease site of approximately 93 hectares, or 230 acres in China which requires a prepayment of the first five years of lease. The remaining amount of approximately $134,000 is expected to be made in the fourth quarter of 2012. After the remaining payment is made, the Company will have the land available for its use.
Chang taking company money and investing it into infrastructure. If the stock drops below fitty cents, there could be a market with the right PR's based on the current OS count.
Why in the world would anyone think VGREF was going to merge with VSPC. The thing they really need to do is distance themselves from Karl.
hedge_fun
12 years ago
Grassland is adding 230 acres.....
Chang is investing far more in operations than Dr. (B)S ever has or will. Looks like Chang thinks the pellet contract will lead to more. Of course "our friends at DP" moved to Guangdong, didn't they? If Karl only put his money where his mouth was!
So much for.........Chang going at it alone, huh?
At September 30, 2012, the Company has made deposits of $144,000 for an additional land lease site of approximately 93 hectares, or 230 acres in China which requires a prepayment of the first five years of lease. The remaining amount of approximately $134,000 is expected to be made in the fourth quarter of 2012. After the remaining payment is made, the Company will have the land available for its use.
hedge_fun
12 years ago
Someone got the supply contract, right? Wasn't it a Chang or a Wang? They only have China and Taiwan (territory) supposedly, but they sell logs right here in Georgia. Not sure how it's going. Why do you think they need a sales(person)?
VGREF's supposed supply contract was going to start generating revs in October according to the PR. The 10K will be an interesting read as it relates to pellet revenues and logs sales. I also think if the pellets can be sold at a lower price than wood pellets (free market capitalism) then it opens far more doors than MOU's with non-existent energy company like the "sister" VSPC signs.
Some retail stocks "beat the street" today, but VGREF's sales dropped 58% year over year per the Q. I think framed art is the bread and butter, but we shall finally see if GKG can turn someone a profit. If it can't with the labor cost in China, I seriously doubt it has a snowball's chance in Hades in the US (not that it ever did).
We'll see
P.S. Waiting on Jason to answer my email, but not holding my breath.
hedge_fun
12 years ago
Maybe not, but the former CEO said in April........
VIASPACE CEO Dr. Carl Kukkonen remarked, "We are seeing a strong demand for pellets in Asia and particularly in China where the government has mandated the use of more eco-friendly solutions to coal burning. I have also received inquiries worldwide for pellets using alternatives to wood pellets, and our GKG pellets are the answer. The site in China will be a live demonstration for prospective customers from other countries who want to see a GKG plantation site integrated with fully functional pellet production equipment. At the same time, we will be generating sales and positive cash flow for the company selling domestically in China."
I thought operations were going to start in May, so I expected inventory numbers to be more than NIL.
Not like good 'ole Karl to "project" and miss the mark, huh? 4 years and he still can't get it right.
hedge_fun
12 years ago
VGREF has NO pellet inventory on the balance sheet.......
In fact there is no grass inventory at all.
There were suppose to start making pellets in Q2, but nothing shows for Q3.
MARIETTA, Georgia - April 23, 2012-VIASPACE Inc. (OTC Bulletin Board: VSPC - News), and its subsidiary VIASPACE Green Energy Inc. (OTC Bulletin Board: VGREF) today reported that the company has installed state-of-the-art pellet production equipment at its plantation site in Southern China.
The company has purchased a 2 ton/hour pellet mill from one of the largest, well-known and reputable pellet mill manufacturers. The pellet mill is expected to be operational and producing Giant KingTM Grass ("GKG") pellets in May and the company will begin selling pellets in the Asia market shortly thereafter.
http://www.viaspace.com/press_article.php?id=1366