Viaspace Inc. (OTC:VSPC) has been on the progressive move since last Friday. Yesterday, the stock continued the climb by 
adding the next 3.64% to its price and trading over 2 million shares on the market. However, what has caused the gain is yet unknown.
Historical data shows that Viaspace has not released any news these days, thus there is no particular reason for the market activity. The latest announcement by the company dates from July 5-6, when VSPC reported some good news on its business. The positive press releases were accompanied by promotions, however, they managed to push up the stock price just for a day and after that it was moving down again.
Then, on July 12, VSPC tried to get back on track by another promotional campaign, though this time unsuccessfully.
Viaspace Inc. is a technology company with knowledge in energy/fuel cells, microelectronics, sensors, homeland security & public safety, information & computational technology. In mid-May, the company filed its 10-Q report, however, it wasn’t much encouraging.[BANNER]
According to it, current liabilities of VSPC are a bit higher than its current assets and the company has negative cash flows, accompanied by other losses. Above all stands the accumulated deficit of Viaspace, which has jumped over $36 million by March 31 this year, while the revenues have decreased to $48 thousand.
Based on these financials, the management of VSPC has included in the 10-Q a number of risk factors related to its business. The most significant of these appear to be the company’s high dependency on additional financing. Also, a massive sale of shares of VSPC common stock could depress its trading price, lower its value and make it more difficult for the company to raise capital.
