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Re: Zorax post# 355814

Friday, 07/03/2015 10:04:31 AM

Friday, July 03, 2015 10:04:31 AM

Post# of 375420
Donnell Vigil is in charge since she has the majority of the preferred A shares, which shares basically control the company as they represent 6/7 of the company at all times.

Having total control through the A shares, she is subject only to the debt holder, Joe Canouse, who has a strangle hold on the company's financial situation.

QASP common shares are used strictly for milking cash from the public. They will never have any intrinsic value since the preferred shares take 6/7 of everything. It's really a pretty slick setup. If there ever comes a time when the company becomes worth something, the pref A's get 6/7 of it. In the mean time, holders of the common shares take all the risk and pay all the liabilities. The chances of the commons ever getting anything are pretty slim, since Canouse will siphon off any proceeds through debt conversion before it ever reaches the company, and if there is anything that makes it through him, the pref A's take 6/7 of it.

Everything else is just smoke and mirrors trying to move your money from your pocket to theirs. The only way a common shareholder can make a profit here is to find a bigger sucker and take that person's money. Some do it fairly well, but very few, as the game is rigged for the debt converters who get their shares for less than what they can be purchased by retail.

gltu