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Hamdan was IR with CruiseCam who diluted and reverse split everyone out of stock. Twice. Very similar to the history here. That company is now halted. Rico is moving towards another R/S here, AGAIN, in my ever so humble opinion.
FWIW......
But people still need to be careful of history repeating itself here.
According to otcbb, Rico did his last R/S in 2009 and changed symbol fro EXPT to EXPU
"•Capital Change=shs decreased by 1 for 500 split. Pay date=01/09/2009."
Now review the news releases prior to this R/S for EXPT.
http://www.marketwire.com/AdvancedSearch/AdvancedSearchResults.aspx?sid=aad80992-d569-4fc1-a0e5-b971ad782368&idx=1&page=2
It is my opinion Dean and him would do R/S first, then dilute. And yes, they are only looking out for themselves, not us.
This is of little relevance since Jeff is the real CEO and the slow wheels of justice will prevail. I was just responding to the comment of why they were trying to raise the A/S to 5B.
It gives his supposed preferreds legitimacy in their quest to have majority control. Right now, with the A/S maxed, we the shareholders have the majority.
It's the reverse split they "approved" that would get him his money. (imo)
Nope, quote of year has got to be this, "I recall Dean Bradley stating that he had regular board meetings with himself "in the mirror" to conduct Quasar business."
Lets see how long it takes Dean and his "team" to pull their cease and desist motion now before the hole he's digging starts to cave in.
Wrong! Go back and read the original complaint.
Filed by our former Moderator himself.
Yeppers, that letter from the accountant should be the last nail for his "team".
I'll bet his "team" had no idea about Dean's $10M transaction before today.
How about a big thanks to Jeff for getting this all out in the open!
There you go. No significant short position according to the company. Hopefully this puts to rest that theory.
"ir@quasarinternationalholdingsinc.com Add to contacts
To XXXXXX
From: ir@quasarinternationalholdingsinc.com
Sent: Tue 3/29/11 7:19 AM
To: XXXXXXX
I do not believe there is a significant short position on Quasar."
Dean gave them to him.
There are a lot of things wrong with Quasar right now but a naked short position is not one of them.
Because he knows the only way to get what he claims Dean owes him is by backing Dean.
I just hope Dean gave him a bucket because their ship is sinking fast......
The A/S was maxed long before the 1/31 filing you mention and thus no room for any preferreds to be converted to common shares and then be available for a majority holding (and vote). And because of this no one but the BOD at that time could increase the A/S or remove that board and Jeff as CEO.
So any filings not authorized by Jeff, and the current BOD would not only be false but illegal. Like the ones you keep referring to.
Wrong.
O/S went from 230M to 1.5B on Dean's watch.
If the A/S was maxed out, and even if Dean and Joe had the preferreds they claimed and they were legally issued, there was no room in the A/S to convert them. And if they couldn't convert them they were worthless and they couldn't increase the A/S to accomodate their preferreds and then remove Jeff or the BOD.
Deano screwed up by naming Jeff the CEO while the A/S was maxed. Now this is freaking hilarious if you ask me.
LJ Silver Share Thursday, March 17, 2011 7:25:26 PM
Re: None Post # of 223238
Centaflix CC notes 3/17/2011
Sorry about any typos
1. Owens..Merger going off on time we are ready
2. Jeff D, the truth is who you are listening too...I have to be carefull what I say I am under sapena.
3. Jeff. WOrking with all regulatory agencys to get this merger done. We dont know where all the money went. No financial completed by prior.
4. DOnt see how dean or josh can hold up this merger.
5. SOS from Col. there are no voting rights. No notice, and this is heading to court of law but we should be able to take care of this before it gets to that point.
6. We see no evidence that dB has the money he just has blown it
7. we will go after what we can
8. back to james....my opinion we are on track or changed mind about merger.
9 people have tried to come out and stop merger but through resources and lawyers we think we can do this.
10. The GJ indic. are a private matter. I know the GJ doesnt work quickly but we are not waiting for that.....
11. I am or will not be on I hub.
12 there are liabilitys on QASP, many people have come forward from the past and we will look at each claim. if we find lagitamacy we will deal with it.
13. I will operate in the best interest of qasp
14. once we merge we will be in control
15. as far as we are concerned me and my 3 lawyers jeff is the ceo]
16. once we get a signed merger agreement we will show our numbers
17. I could get a different shell but i have decided to help my friends and shareholder then I am all for it.
18. the process is we need a merger agreement with all sigs then put a shareholders vote then full disclosure will be made.
19. shareholder have a right to speak
20. mineseeker, i will entertain this but will wait till deal is sign then will approach shareholder and vote it.
21. canouse has no authorithy to call a shareholders meeting but more power to him
22. as of right now until a judge signs an injuction its not a inju. and I think there is going to be some supriises
23. a made a proir statemtent about the a s its locked not gagged
24. the actions of prev manag. is clear, 1.5 is the not 3
25. If we merge the quasar name has to go
26. yes as shareholders can bring up a civil suit
27. why does cent have interest in qasp, we could be another shell but I know 50-100 shareholder and feel vested to get help for all. I want to fight and follow this path I have a choosen.
28. through our DD we have found out the one major assets are the aircraft and simulator. A note has been generated on the airplane. The man that has the note(90,000) and have discuss paying off the note. If he would send me the notes I offered to pay the whole thing. to date (2 weeks) this guy has yet to get back with me. Dont remember the 2 guys names. JEFF D i dont think it would be fair to release those names. If the 2 aircraft are taken away I am going to have some serious issues with that.
29. The delay in the CC are there are some issues that need to be cleard up but must wait until I get the clearance to discuss. We will be having another cc very soon.
30. phoenix school stuff going well and have picked up an additional 4 schools
31. The plane stuff will not hold up the merger
32. will the company be profitable after merger. I hope so or I wouold be wasting alot of time and money
33. I dont like playing the games in the merger process but i will do what ever it takes, injuct, court whatever
34. if qasp needs money i will give it too them
35. one of the goals post merger is to get moneys back from bad deals. I ask by lawyers how much money i need to see aside and they said more staff...
36 my lawyers are going to fight for the shareholders of qasp
37. Have u been contacted by Joe C. I can say i have been contacted with many saying they are owed money. Talked with Joe 1 time
38. In the situation we are in we need to be carefull what we say and what we say and too whom. I am very carefull.
39. I keep emotions out of this. My goal is to bring value and clean this mess up.
40.Time from merger agreement to shareholders vote is 10 days
41. 19th of march note due on aircraft. impression is they will not extend the note. nothing has been paid on it for 6 months. I offered more than what note is worth just to salvage planes. I need to see the paperwork before I pay them and I havent seen it yet
42.will company become reopting after merger. Yes i have a acct firm on stand by for this
43. They, the note, have to accept payment by law
44. summerize. I am here to assist. If you dont see a value no problem i can go down the raod. But my vision has not changed and i am here to the end. the 27 th is good to me i just need a signed merger agreement.
now to jeff
1. im note sure about all the dean aquisitions, but there appears that most we window dressing.
2 gj, not hearing anything just lawyers and investigation side. I say the doc i turned over is well over 1000 pages. If they didnt think there we charges they would not have pursue.
3 dean didnt release all paperwork or computers. the agencys should know about them
4 jeff landrith, offered help but.. He is crediable but nothing else. think the deal was around 40 mill. why he got involved with DB who knows
5 corp air repair, i did show info about them getting 66%, but there is anouther contract, the orig one. I will post it.
6 i can tell you just my opinion i would not want to be defending this
7. I think its obvious why 25% is better than 100% of nothing
8 prior mang was just using this as a atm
9. Private jet stuff money to cet and its not even part of qasp, germany trip just wasted it off our backs.....
10. I have been talking with Colorado and a.g., we are working to get this done
11.owens. we want this type of cc for shareholder for an added benifit for openess
12. back to jeff... there will no longer be a need after merger to get money on market. Owens, we are debt free, have my own private capital that believe in my business. we justified all moneys spent
13. Jeff. quasarinternationalholdingsinc.com, please contact me i would love to talk with you. open door for questions
14. next hurdle for merger is everything needs to be presented to shareholders
15.jeff. i have had 5 lawyers look at this and there are no voted they have 940 votes thats it, they didnt give any notice. why did they do this is a question. Dean did dept wraps, cpa asked how can you sell 2 worthless companys back to yourself. He thought i would get frustrated and quite and I didn't.
16. owens, our affiliates have sold over 229,000 this months in earnings. way to go on putting cent. word out. UK group is kicking ass and is praising them
17. owens, we are here working with you. best asset in qasp is the shareholders.
18. jeff, we have a plan we just cant show all our cards.
19 owens our lawyers are available for questions. thank you for your support. there will be a cc very soon because things are about to happen very soon
LJ
17.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61082415
Jeff and company are going after those funds as we speak.
What are you and Dean doing to help recover those funds?
Why did you not want the option to sell your supposed sells as soon as the reverse merge with EQUR was done?
Why weren't you here crying to Ihubbers while Dean was selling 1.27 BILLION shares into the market?
Were you the one buying these shares from Dean at a discount and selling them into the market through HDSN?
So you gave Dean a pass on selling 1.27B shares and having nothing to show for it?
So what is you and Bradleys plan to move the company forward in the best interest of shareholders?
Oh...., that's right, you guys approved an A/S of 5B and in the same document authorized a REVERSE SPLIT!
Now whose best interest do you really have?
Do you also have a "preferred" interest in CET?
As I recall it was Deano who started divesting CIT right before he stepped down. Something about needing cash to pay bills.
I know, you will disagree but let me remind you that Jeff was made CEO by Dean and the first thing that QASP did was to sell off those assets to get some much needed cash to keep the company afloat. And your buddy approved of this.
The 2/13/09 release was an EQUR update about a meeting their board had and has nothing to do with Quasar anyway. Without seeing the actual merger agreement signed by all parties we have no idea what was promised by Dean.
From rereading this it is my opinion the preferreds promised to Joseph C. Canouse were promised by the EQUR board as a condition for them to meet for the approval of the merger. No different than the approval they made to issue themselves another 5%. For all we know these were all issued to all parties at signing of merger and included in the O/S numbers at that time of 226M. Float was reportedly around 32M then.
More importantly, any claims for these preferreds should be made against EQUR board and not Quasar. Quasar is no more responsible for this than they are for any of Hendersons illegal activities.
"Upon motion duly made, seconded, and approved unanimously the Board authorized the issuance to Joseph C. Canouse or his nominee convertible preferred shares that when converted would be equal to and undiluted 5% of the company post merger. This is compensation for consulting involving the merger and clean up of the company, and for his assistance in preparing a Reg. 504 offering and his assistance in funding the $1,000.000 to be raised thereon."
The O/S at merger was around 226M shares so this would mean his preferreds were only for 5% of that which is only 11.3M shares not the 1.5B O/S courtesy of Deano.
I don't recall there be any preferreds issued in any of the filings other than the one for Dean at 70% which I believe was cancelled when he stepped down (the second time).
I missed that and you are right. Just checked my TDA account and it is under old name.
Thanks for pointing that out.
Not even filed with right company name. Filed under old name. How retarded is that considering Dean was the one signing off on name change.......
JACKSONVILLE, FL--(Marketwire - July 23, 2010) - Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP)
The Board of Directors of Quasar Aerospace Industries, Inc. met in a special session on July 22, 2010. After consultation with both our securities and general counsel, the Board unanimously approved authorization for the CEO, Dean Bradley, to cause to be filed Amended and Restated Articles of Incorporation for the Company for the purpose of changing the name from Quasar Aerospace Industries, Inc. to QUASAR INTERNATIONAL HOLDINGS, INC.
Not really. From Jeff's update last night it looks like the bulk of funding Dean got was deposited directly into Dean's account and then he "loaned" the very same money back to Quasar. So any deals promised and funding completed were most likely done directly with Dean IMO.
Same argument for anything promised to EQUR shareholders when Dean "acquired" their shell. Any contract signed giving Dean control of EQUR was surely done between Dean and EQUR. So it seems to me all law suits for monies or shares owed to people should be filed against Dean, not Quasar.
Check out Deano being used as a reference here.
http://thinkpinkllc.com/f3/web/home.aspx?c=9e015e83-cebc-403d-8d06-f7af5e187ac9&n=d92c3456-431c-49cb-8ace-08b97b97bc14&info=+
Now this really makes you wonder who knew what and when did they know it.
Using Dean as a reference and yet claiming he owes them preferreds as well is a neat trick.
Try making these claims again while drinking a glass of water.
Notice the incident report was filed on 10/13/2010 and Jeff is listed as the complainant.
Kind of squashes any comments that Jeff is not the one to start the wheels of justice turning here.
Attaboy Jeff!
Go get um.
I have a copy of that lawsuit. Thanks anyway.
Yes. I was just pointing out that I believe Lisa Betro's was very active in the negotiations with Dean. Let's not forget she came to work for Dean right out the gate and was placed on the board of many of Dean's new corporations.
Marty was given the authority by the shareholders of EQUR once those two clowns were removed. I don't remember what Bert's role was and who authorized him to be a part of this.
Lisa Betros and her family were a part of the lawsuit against EQUR principles and their subsequent removal and surely played a part in the negotiated agreement that Dean signed with them as well.
I am sure Jeff has a copy, along with their legal. Ask him.
Marty posted Dean's breach of the original contract with EQUR and told us this was the "hammer" he was using to force Dean out.
Dean Bradley got the preferreds from the EQUR deal when he obtained the shell, much longer than 10 months ago. The board then consisted of 1, Dean Bradley, and he pretty much did what he wanted no matter who he put on his board, as we all saw. The board you are referring to was the EQUS board and the agreement they negotiated with Dean to give him the shell. Remember that it was this very same group/board that removed the EQUR principles for criminal activity.
It was because of Dean's "questionable" actions that put him in violation of the original agreement that he signed with the EQUR group and led to his removal. Marty himself told us this after Dean's first removal when the group came down on him for backing out of his original resignation.
DB was forced to sign over these preferreds in the deal to remove him that was brokered by Marty, Jeff, and others.
Avon, Mary Kay, POW Pest Control (to name a few) are MLM as well.
Yep. He said as much
Shareholder Update
Posted by jeffdigenova at 6:10 pm, February 4th 2011.
I have waited to issue a response to recent events until given clearance by the proper authorities. For all those who have questioned the recent filings and their authenticity, there is no questioning the subpoena and other documents we have posted on our web-site under Shareholder Update above.
Jeff DiGenova
CEO & President
Quasar Aerospace Industries, Inc.
a/k/a Quasar International Holdings, Inc.
Message from the CEO
Posted by jeffdigenova at 9:00 pm, November 18th 2010.
We are working with several lenders at this time and we will update shareholders only when we have verifiable news. We appreciate our shareholders and understand that there is alot of misinformation flowing, but we can not waste time in those arenas. We will address the fact that Dean Bradley is no longer in any position of authority with Quasar International Holdings, Inc. He is not a member of the BOD and most certainly is not Chairman. We can not stop him from false representation as that is a matter for the proper authorities.
We are looking forward to a very thorough update to all shareholders in the very near future.
Regards, Jeff DiGenova
CEO & President
General Update from the CEO
Posted by jeffdigenova at 11:00 pm, November 18th 2010.
I would like to address the shareholders on a few issues. The website was designed free of charge by a couple of Quasar shareholders and it is very much appreciated. I will try to keep this blog current and we will release PRs only when we have a material event to announce. We are working with several lenders and exploring every option available, but this process takes time. I am working with no pay, staying in a hotel, and have been in Jacksonville at the office Monday thru Friday every week since I took over. If I didn't believe we could be successful I would not be here.
As for the replies we receive about the many bloggers spreading untruths, I can not control what is said. I will say that the truth is far from what these people post. For instance, we received inquiries yesterday about Atlantic Aviation and Corporate being out of business. All one has to do is call Herlong Airport and ask. Both are operating and doing well considering the economy we are all fighting. Also, no one has gotten a free pass here, but the proper authorities will handle any issues from previous management. Unlike the previous administration, we do not care to waste time addressing these characters and will let our actions speak for us. Anyone that would like to visit is welcome, just contact IR@quasarinternationalholdingsinc.com
Thanks to all for your patience and support!
Jeff DiGenova
CEO & President