Global Aircraft Solutions (fka GACFQ)

[HDOGTX]

GACFQ DD Quickie!!! Anyone remember Victory Park!?!?!?!?!?

As for the questions as to GACFQ's assets, GACFQ became Ascent aviation after a court cleared GACFQ of chapter 11 back in 2010.

http://stocktraderschat.com/tradingforum/company-boards/3154-global-aircraft-solutions-<; a=""> style='background-color:yellow;'>gacfq.html


Quote:A.> According to pacer this company is no longer in BK. It was dismissed.

GLOBAL AIRCRAFT SOLUTIONS, INC. (pla) azbke 4:10-ap-00127 01/21/2010 11/10/2010 Dismissed or Settled Without Entry of Judgment
B.> Pacer doc of dismissal:


One South Church Avenue, Suite 700
Tucson, Arizona 85701-1611
Rob Charles, State Bar No. 007359
Direct Dial: [phone]
Direct Fax: [phone]
E-mail: [e-mail]
Stefan M. Palys, State Bar No. 024752
Direct Dial: [phone]
Direct Fax: [phone]
E-mail: [e-mail]
Attorneys for Frank T. Hundley, Chapter 11 Trustee
UNITED STATES BANKRUPTCY COURT
DISTRICT OF ARIZONA
In re:
GLOBAL AIRCRAFT SOLUTIONS,
INC.,
Debtor.
Chapter 11
Case No. 4:09-bk-01655-JMM
GLOBAL AIRCRAFT SOLUTIONS,
INC.,
Plaintiff,
vs.
CMS AIRCRAFT SUPPORT GROUP,
INC.
Defendant.
Adversary Case No.: 4:10-ap-00127
JOINT STIPULATION TO DISMISS
WITH PREJUDICE
Global Aircraft Solutions, Inc. (“Global”) and CMS Aircraft Support Group, Inc.
(“CMS” and collectively with Global the “Parties”) have reached an agreement to settle
this case.1 Based on that agreement, the Parties hereby stipulate to dismiss this case
pursuant to Bankruptcy Rule 7041 and Fed. R. Civ. P. 41. Because this stipulation of
dismissal is signed by all parties who have appeared in this case, this stipulation is
effective to dismiss the case without further action by the Court. See Bankr. R. 7041
(incorporating Fed. R. Civ. P. 41) and Fed. R. Civ. P. 41(a)(1)(A)(ii) (dismissal is effective
without a Court order where it is signed by all parties who have appeared in a case).
1 Neither the terms of Global’s confirmed Chapter 11 plan nor the Bankruptcy Code or
CaseR u4l:e1s0 -raeqpu-0ir0e1 t2h7is-J CMoMur t ’ sD aopcp 1ro2v a lF fioler dth 0is8 /s1e2tt/l1e0m e nEtn. tered 08/12/10 09:51:20 Desc
Main Document Page 1 of 2
C.> "VACATED: PER PLAINTIFF, THE PARTIES HAVE REACHED A STIPULATION"
D.> Important fact: Not one pacer filing or any other filing has given authority to cancel shares. Now out of BK what can they do? I'm sure they are smart enough to know this and they have plans for the common.




As to who owns GACFQ common stock, it appears that Victory Park is the one that acquired GACFQ aka Ascent aviation.

<>http://www.victoryparkcapital.com/news/2010/sky-limit.php

To those that are saying that there is no GACFQ, no kidding. GACFQ is now Ascent aviation. The common shares of GACFQ could possibly be used by Victory Park to offer an IPO of Ascent, which is currently privately held.

GACFQ could soon see the Q come off, and a cusip and name change in the not too distant future.

So these "worthless" shares of GACFQ might not be worthless afterall imho.

Just my .02 on this matter.