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I couldnt agree more!
That is the operative phrase: "..through Quasar..."
I hope some on the board take note and we can at least put to rest that particular issue of mineseeker and QASP
News
JACKSONVILLE, FL, Jul 14, 2010 (MARKETWIRE via COMTEX) -- Quasar Aerospace
Industries, Inc. (PINKSHEETS: QASP) -- Dean Bradley, the CEO of Quasar Aerospace
Industries, Inc., announces the following on behalf of Mineseeker Overseas
Operations, LTD:
Following a successful business development visit to Eurosatory in Paris in
June, Mineseeker CEO Edward Cross shall be attending the Farnborough Air Show
which starts on 19th July. The Farnborough Air Show attracts thousands of
exhibitors and visitors from the private, commercial, civil and military
aerospace sectors, and is the premier European showcase for emerging
technologies.
"Some excellent business and partner opportunities were discovered at Eurosatory
in Paris," said Edward Cross, "and Farnborough is the perfect forum to process
these. Attending Farnborough not only allows Mineseeker Operations to stay right
up to date with current and future technology, but it also gives us the
opportunity to network and develop business strategies with potential customers
and partners."
Edward Cross has a brief to foster relationships with technology suppliers in
order to keep Mineseeker Operations at the leading edge of development
technology in the industry with particular emphasis on the role of remotely
powered aircraft. He is also holding a watching brief for Quasar on potential
innovative products in the aerial and ground based surveillance market.
might be a glich as the ten or so pink sheet stocks I have on watch all show no trades today
OK, now that one of the mods has explained makes sense to me.
Maybe it is my terminology (sorry) "stickies" missing perhaps is what I meant. Always something there before.
I got them from Scottrade last night about 10:30. Still havent shown up on marketwire. Someone on the board posted them a day or two ago.
Not sure how this works and what constitutes "official" press releases and why Scottrade would not have received them a couple days ago when originally released.
The pink sheet I was involved with for a while used to release PRs to specific news agencies and wires and they were picked up immediately. This one didnt work that way.
True.
Also (originator unknown), "If it walks like a duck, quacks like a duck..." it is a duck: my take on Obama/socialism/disabling of our way of life!
Besides the market tips/info I enjoy reviewing the like-minded comments on the in-progress destruction of the US system of government and free enterprise.
I would add Obama to the list of course.
I am fortunate to have been out of pocket this week: got the funding delay news emailed to me through scottrade, got extremely ticked off, had a couple days to cool off and now after reflecting during a six hour drive today have am in a better position to review the week’s events.
IMO here are the key points:
- The DD on this stock for me hasn’t changed: good management, good business plan and great potential.
- Mr. Bradley made an error early on last year with the poor way he handled the PRs; specifically the way he was over enthusiastic with the funding being obtained.
- His naiveté regarding funding time lines, or perhaps his over enthusiastic predictions, is the primary reason this is tanking (again) and there is nothing he can do about it other than be as honest about it to the shareholders as possible and not release any more poorly thought out and written PRs.
- This past month he has done a much better job: including his very forthcoming PR this week regarding the status of the funding. A scammer would have to be exceptionally clever to be working that sort of PR as part of some elaborate plot to defraud investors (as I have stated previously on this board).
- I was dubious from the beginning when I heard about Newby. They are not that well respected or even known in the industry and there are dozens more out there that could have done a better job. That was probably, IMO, a mistake but I am not a senior manager inside QASP and I have to trust (or not) that they knew what they were doing. It not something that can’t be overcome. We are stuck with them for the moment and from what I can tell they are doing what they can to make this happen. Newby wants to make money just like the rest of us and they won’t if they don’t come through.
- Mr. Bradley's body language, voice and posturing of himself and others during the video conferences don’t indicate to me any attempt at fraud. He hasn’t hired a bunch of sociopathic “travelers” as consultants.
- Just as with many things in politics, business, life while Mr. Bradley may have gotten better at transparency this one good "chit" doesn't negate the previous bad chits regarding his “forward looking statements” (sic) that funding was imminent, then it wasn’t, then it was. Also his promise (OK, wasn’t a “promise” per se but caveated or not doesn’t matter; most including the Street would take it as a promise) to close everything by the end of the month, obtain the funding by now, etc..
- The most interesting thing to me is SP is as high as it is despite the delay in funding after virtually assuring investors publically that it would be there NLT June 30 or so. Frankly I expected this to be a lot lower and I was pleasantly surprised it stayed so high.
I personally think investors would be foolish to sell out now with the upside being so great. Business if full of delays and this is not the end of the world. Worth waiting a bit longer and seeing what July/August holds. The endgame is near one way or another.
Happy 4th to All
Exactly.
This is not the same as some posters are implying (amazing how we got some more bashers again today crawling out of the woodwork).
FUNDS ARE IN THE BANK. That is great news. Couple "i" and "t" dotting and crossing and within 72 hours they are in QASP's bank.
The $$$ being in the bank is the biggest step so far in the last year. It is not the same as some of the missteps with the financing in the past. This is a very specific PR and Mr. Bradley is not dumb enough to lie about this.
We have been getting MUCH better PRs, more professional and no fudging of information.
Good news and don't let some of the unethical/ill-informed or foolish posters here convince you otherwise.
I am constantly amazed at the number of Messiahs on the QASP board that are trying to save us from our sins (eg investing in QASP). They keep repeating the same mantras: Dean is a liar, there is no funding, etc.
Truly laudatory on their part. Unselfish, and inspiring. (and yes I am gagging).
scottrade emails me news almost instantaneously.
Agree with it or not (and I don't) IHUB rules say that Dean is considered a public figure and you can say what you want about him.
Posters however cannot be defame (mods please correct if I have mis-characterized the rule).
Their site their rules whether we vehemently disagree or not.
For whatever reason the posting which included the question was deleted.
Can just the question be re-posted. Somehow it violates the rules but perhaps just the question doesnt: anyone with PM that was able to read it appreciate a PM with the question. thanks
You make a very good point that certainly should not be considered bashing. I have said in this forum before that IMO the PR aspect of this company has been more or less abysmal up until the last few weeks. Everything else however, most importantly the DD, says this is a great investment.
It appears however that they have learned their lesson and are being much more professional, to include careful, in the format, content and clarifications in the PRs. The calls have helped to build shareholder/public confidence (despite the professional bashers efforts to the contrary).
They (QASP management) must know that if they don't deliver this time it will depress the SP further and likely will take a very long time for it to go anywhere.
IF/IF QASP has the cash in hand and closes the acquisitions as planned by the end of this month this will be very positive for this stock for a long time to come.
If they don't deliver for whatever reason, it will be "house of pain" for quite a while longer as the sometimes annoying but nevertheless interesting on occasion Crammer says. The market will not forgive and market confidence, even if a month from now they say they have the $$s, will be difficult to win back. Many longs will abandon this if the end of June date isnt met which will further depress the price (and make this continue to be a flippers paradise).
IMO the odds are very good that they know this and are going to deliver: otherwise they will have sc***ed themselves as they want the SP to go up as much as we do.
Bottom line: the DD on this stock is just too good to discount and I firmly believe that they have learned their lesson about shooting from the hip with PRs and they will deliver.
Just FYI for those who are not familiar with a dutch auction method of repurchasing stock. An interesting way that could be used for the QASP repurchase that Mr. Bradley mentioned would start in early July sometime:
A Dutch auction offer specifies a price range within which the shares will ultimately be purchased. Shareholders are invited to tender their stock, if they desire, at any price within the stated range. The firm then compiles these responses, creating a supply curve for the stock.[1] The purchase price is the lowest price that allows the firm to buy the number of shares sought in the offer, and the firm pays that price to all investors who tendered at or below that price. If the number of shares tendered exceeds the number sought, then the company purchases less than all shares tendered at or below the purchase price on a pro rata basis to all who tendered at or below the purchase price. If too few shares are tendered, then the firm either cancels the offer (provided it had been made conditional on a minimum acceptance), or it buys back all tendered shares at the maximum price.
that is the $1 Sp question: is the money in the bank.
Good question too: will you PR us when it is in the bank.
THAT is what will make this stock start to go up (add closing the acquisitions and we are golden)
Yes. More or less imparting the same information.
Positive IMO as he is trying his best to keep everyone appraised of the all important$$.
Until we get a PR announcing the funding is in the bank and the acquisitions are finalized, the SP is going to languish in this area.
Given the amount of time I spend on the QASP board, I particularly appreciate the "no bashing" rule as it applies to stocks. (I forgot to add; GL and congrats on the board!)
any board comments from the more knowledgeable types on the board regarding possible reasons for the O/S swings?
Great summary. Thanks. Good direct answers to the questions. Fantastic actually.
Remember too that QASAR has never said what sort of government contracts. UN procurement rules are very different than USG rules...and foreign government rules are quite varied.
The USG and UK have lots of bureaucratic hoops you have to jump through until you actually get a signed contract.
It is more about who you know with most foreign governments and the UN.
This is absolutely excellent confirmation of what all but the bashers have been saying all along based on real DD rather than "FUD" used to try and get us longs to sell.
I knew Mr. Bradley was a man of his word based on my research (and my years of doing backgrounds on, listening to and assessing liars). Now we are starting to see specific and direct proof positive that our assessment is correct.
True! The military is more interested in making it safe for troops in a battle field situation: not post war humanitarian clean ups
I agree. Really not in the same category and as you said only for clearing already detected fields.
Interesting article this AM of the US Navy's new tech that could be a rival to ours.
Before the bashers start their schpeel however, this is in the testing phases, is huge an unwieldy and likely wouldnt be available for foreign govs. or UN use:
www.foxnews.com/scitech/2010/06/03/navy-shoots-aircraft-really-big-raygun/
"...iRobot unveiled its gift to the Pentagon -- the 710 Warrior designed to clear an entire 45 square meter minefield in one blow."
I havent set a specific sell point. I want to see how everything plays out first. It ainta gonna be .10 for sure!!
Newby speaks (apologies in advance to those on the board who are members of this profession) like a typical financial geek. They never are polished speakers. They also don't make their livings with words: they use numbers.
More indications to me that these guys are either the most gifted grifters in the pink stock world or this is "the real deal."
If Mr. Bradley et al were scammers they would sound as smooth as an infomercial.
Brace yourselves tomorrow (already started)for the bashers to be out in force. The poor delivery gives them lots of fodder to try and insinuate, twist and play word games with what was said and how it was said.
The answer to all of them should be "read BANKERS summary" unless like me you add them to your ignore list.
It is always a good sign when pink tech indicators start following the normal stock pattern on the charts.
Hard (for me anyway) to use charts for pinks as they usually don't follow the established patterns (at least that I can discern and admittedly I am a dangerous amateur with charts)
Thanks for the updated info on the NYSE minimum sp requirements.
I believe that we should take Mr. Bradley at his word when he says that a condition of the loan is to apply for uplist on the AMEX or NASDaQ and not the NYSE or Toronto.
This statement is not likely a typo or misstatement. There has to be a reason for stating AMEX or NASDAQ with no mention of NYSE or Toronto or China or whatever.
At least I am using his word when I do my prognostication for QASP!
(and plse: it isn't necessary for the hard corp anti-Dean coalition to state "he is a liar" for the upteenth time: I don't believe there is a shred of evidence to support that..plus I have most of you on ignore so I won't read it anyway!)
For some who have been trying to read into the PRs on the funding etc. and posting/bashing about the money not being real: this update can't be clearer.
We have been shown the money. (and IMO it certainly lends a great deal of credibility to the other funding statements of more to come despite what many alleged)
Selling is not an option at this point!
NEWS
JACKSONVILLE, FL, Jun 01, 2010 (MARKETWIRE via COMTEX) -- Quasar Aerospace
Industries, Inc. (PINKSHEETS: QASP)
Newby and Associates, Inc. has confirmed receipt of its private bank commitment
for the first and most important piece of collateral issuance in excess of Ten
Million Dollars ($10mm). This particular asset coverage will provide the
necessary cross collateralization for the backing of the investment grade
collateral of Ten Million Dollars ($10mm). Once the investment grade collateral
has been issued, the Ten Million Dollars ($10mm) in loan proceeds for Quasar
Aerospace Industries, Inc. (QASP) will close within 7 banking days. This first
commitment of assets is expected to close within the next 5 business days from
today, June 1st, and the investment grade collateral will close within 5
business days thereafter.
This is an update to the previous press release regarding Newby and Associates,
Inc and their efforts in providing financing for Quasar Aerospace Industries,
Inc.
Mr. Bradley stated that there would be weekly PRs (listen to the first call: link posted)on Wednesdays. Last week it was on Thursday (and the one day delay was announced a few days prior.
Hence we expect something Wednesday.
Given the expectations of funding in the bank, closing of acquisitions etc. by the end of June that should make for a very interesting next four weeks; plus lots of armchair quarterback discussions on the board.
I can tell you what Scotttrade did in my case as I have done the reverse with them for a pink. Definitely not quickly liquid.
It takes a bit of time too (in my case when I did the reverse, gave them shares so I could sell, it took a couple weeks but my account was new so it could be quicker with an existing).
One caveat: Scotttrade was very reluctant to take my certificates and had to bump up the request to HQ, I had to sign some sort of sheet saying they were legitimate as far as I knew, etc.
Some brokerage firms wont take pink sheet certificates.
They eventually took them but they said they may be changing their rules and since I did this a year ago they may no longer do so.
Though of course we wont be a pink whenever you'd want to sell...(put on the smilie face font however that is done).
stand corrected. Financial package is the right terminology.
Very astute and timely comments regarding doing more than half a**ed DD; especially when it involved the management IMO.
I have learned more about these companies, including QASP, by making sure I thoroughly check on the backgrounds of the management.
Your ending says it best:
"There is a certain something that is almost elusive, but I think it is also Dean's style and approach, his old school mentality - Blunt and cagey and his willingness lately to be more transparent. It's adding up for me, we are about to find out just who is getting schooled. If it turns out all wrong I would have to give him props for being so damn clever as to pull a reverse psychology trick on us all..."
Point taken. I havent read that book in years. All I could recall was debtors prison (must have been a freudian slip)
Web site? An IHUB board is better than any web site. Google QASP and inevitably IHUB comes up and you can glean more that link than from any fancy indigenous web site (which costs money: they can do a web site when we are in double digits and on the big board...)
I dont think he would be giving a million or so to charity if he was similar to Wilkens.
And there are no debtors prisons now anyway.
Very very true. If it is a pump and dump they are not very good at it.