It has been an interesting month for Viaspace Inc. (OTC:VSPC) and one of benefit for many investors. Vivid activity on the stock market got started and then continually supported by promotions, company announcements and an interview with the company CEO.
All of the above did its part, so that not only the stock price escaped from the sub-penny levels, but nearly doubled. Yesterday was actually the most intense day on the market, as nearly 5 million shares were traded. There was a slight decrease of the share prices though, the session closing at $0.013. Still, the ones who got in in the beginning of February and sold it all yesterday did a good 75% profit.
The CEO interview was actually a pretty good choice, as it reveals aspects of this company in a better way than all the promotions and announcements that came out recently. It seems hat high hopes are associated with the near future and Giant King Grass – the main product of the company at the present moment.
Yet, it is still a risky investment to consider. There is the controversial past of the company, and there is not really a solid ground to support the claims of the company. While it prays on the emission reduction problems, common for most countries in Europe and Asia, this is by no means a guarantee that revenues are just around the block. There is much to be done, and some positive balance sheets to be presented.
Otherwise, signed MOUs, interviews and stock promotions are nothing but short-time catalysts, who burn at high speed and die as fast. Just look at the recent performance on the stock market and you would get the same notion. Still, if you are attracted to risky deals, now is also the time to buy Viaspace shares. Once the next SEC filings appear, it would be clear whether the risk is justified.
