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Took a while to give me a partial fill.
:(
Fabrication as usual. This is new, do you have a link to back up your explanation?
Or maybe he was getting calls from shareholders. Could that be it? This board and most boards does not make much of a difference on these stocks.
QASP: What's your feeling on todays events? TIA.
Quasar Aerospace Industries, Inc. CEO Announces Increase in the Corporation's Authorized Shares
Market Wire "US Press Releases "
JACKSONVILLE, FL -- (MARKET WIRE) -- 02/09/10 --
Quasar Aerospace Industries, Inc.
(PINKSHEETS: QASP) -- Dean Bradley, the CEO of Quasar Aerospace Industries,
Inc. hereby informs the public that the Board of Directors of the
corporation has approved unanimously a resolution increasing the number of
Authorized Shares (A/S) of common stock from 750,000,000 to 1,500,000,000.
The officers have filed Amended and Restated Articles of Incorporation with
the Secretary of State for Colorado effecting this change.
The reason for this change is that the terms of the funding of the balance
of our $350,000,000 financing requires us to issue Class B non-voting
shares equal to forty percent of the total outstanding common stock to the
lender.
This press release contains "forward-looking statements" within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended and such forward-looking
statements are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. You are cautioned that such
statements are subject to a multitude of risks and uncertainties that could
cause future circumstances, events, or results to differ materially from
those projected in the forward-looking statements as a result of various
factors, and other risks. You should consider these factors in evaluating
the forward-looking statements included herein, and not place undue
reliance on such statements. The forward-looking statements in this release
are made as of the date hereof and Quasar Aerospace Industries, Inc. under
take no obligation to update such statements.
Contact:
Quasar Aerospace Industries, Inc.
IR@quasaraerospace.net
Yea, I wasn't trying to stir the pot. It just concerns me when he said that they still owe Big Apple some shares. Being that this is still a low floater at this point in time any new shares hitting the marker would basically kill any run. I would rather we trade higher with tightly held shares at this point considering we are sub penny. I am kind of long here but if they were to flood the market with any amount of shares I would think we could handle that better were we to be above 2 cents.
JMHO.
Now that's funny. LOL.
I hope that's it.
Well if they still owe Big Apple shares we won't be getting that run we are looking for anytime soon. Big Apple would probably dump most of their shares on the market into any good news. This seems like a problem to me.
Thanks for the update.
I am still in. I have been averaging down but my PPS is still higher than I like it to be. I have not had correspondence with anyone from the company. Machcobra had been in touch with Steve Ivy and I trust his postings. I have said that I am willing to give them until the 4th quarter report comes out before I pass any judgement. I am disappointed, who would not be?
Just a thought for everyone:
I am not defending the company when I say this. All of us bought into a pink sheet stock here. We knew going in that the A/S was 12 billion and that it was 12 Billion for a reason. We knew that they do not provide audited fins. We knew what the gamble was. These things are very volatile and we knew that. Today's loss is tomorrow's gain. These pinks always pop back up, just have some patience.
There's a trust issue here. Many of us were caught off guard with the share structure mess. Yes, I knew there were conversions to be done but I don't think anyone expected an increase to 1.8 billion. Regarding these new contracts, I believe that the market is proceeding with caution. The guys in charge have not given them a good reason to jump in with both feet. I do believe that this stock is still undervalued but we have trust issues here. Trust and investing must go hand in hand, hopefully the company will do things from here on out in order to regain investors confidence. It would go a long way towards improving the PPS.
The fact that the shares are held by insiders should be a good thing. The problem here though is that the O/S increases dramatically in a very short period of time. You're correct in that it could be fishy, I will be keeping a much closer eye on this now. We are in the same boat PPS wise, so I too am hoping we get something positive to go on in the near future.
I think your post is on target. I have been a little busy as of late as well. I hope that they have some better news coming though, I was really taken aback by the increased O/S.
I guess you're out. Pump and dump.
You're right, now is not a good time to buy. Afterall HDSN is on the ask. I'll wait for the pullback.
I'm interested in this one now. You seem to call bottom well and since you are pumping this one, I assume it won't go up much more. What are you thinking .015?
BM means nothing, I'm looking at the players on this board. Looks familiar. IMO.
Pump and dump?
Thanks Mach, appreciate the info.
I am not even going to waste my time responding to him anymore. Maybe if he buys out the company, like his previous postings suggested, then I would consider responding to him. lol
Thanks for the update Cobra. Did he say that the conversions were done or that they were almost done? It sounds as if they will be implementing a plan and this would be good news for us shareholders, thanks again.
Is that you buying all those shares?
:)
I guess that theory is out the window. It did make for great entertainment. lol
Relatively tight float + relatively light buying pressure + anticipated news= Up day.
In my opinion we will have days like this and days when people get nervous and sell. The PPS will fluctuate until they update the share structure(A/S). Hopefully this will all come together soon.
This is looking great for a strong close.
You are correct. Look at how this has been trading the last week, everytime there is a hint of buying pressure it moves easily. When the questions surrounding this stock are answered we are going to move pretty good. IMO
Thanks for the update. I am a little surprised but not too much. We knew that there were conversions to be done. Now we have to wait for them to hit the market. We also need the company to reduce the A/S and give us an update on their plans. Patience is key here.
I think now would be a good time to do it. GLTY.
How many times now have you bought high and sold low? Come on this is getting ridiculous. Buy a trader's handbook or something. LOL
I am back from my little hiatus, ready to make some money in 2010. Good luck this year fellow IHubbers.
Btw, is this thing still a "little" undervalued? LOL
Great day here today. I will not be able to post much over the next few days but I like where this stock is at. Hopefully we go full throttle for next year.
Happy Holidays folks.
There must be a party here, they all showed up at once.
Yes, I have PM's too if it will help. He clearly misrepresented something here.
You PM'd me three times yesterday trying to scare me out of my shares. I'm sorry but I do not let others make my investment decisions. I make my own. The funny thing is that you accuse so many here of so many things yet I have never, ever received a PM from anyone on this board encouraging me to buy or hold my shares. Yet I get PM's from you trying to get me to sell my shares. You are clearly posting false information. You were smart enough not to actually say "sell now" but I am sure there's new investors falling for your BS. It's a real shame too because when this takes off they will be very upset and you will probably move on to another stock to do your thing. People calling that company is not Dean's fault. Some people need to read a little better.
He's somewhere looking for a way to buy 40% of the O/S for .001.
:)
I would have to agree.
Here's a decent explanation. I am not 100% sure though.
[url][/url][tag]http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44577689[/tag]
Basically it means regular individual investors and not the company were selling. Maybe they needed the money or they didn't want to wait or whatever.
IMO.
Thanks for the update. Happy Holidays.