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It was only misleading if Jeff knew Dean was lying, which I don't believe for a minute. You see, I may not have posted as much as Jeff but I also defended Dean and Quasar right up until the end. I don't believe for a minute I mislead anyone since all of my posts were my opinion based upon the information I had at the time (including confirmations directly from Dean).
He wasn't the only one. Why is it so hard for folks to believe Jeff was mislead like the rest of us.
I have dozens of emails from Dean, and had many conversations with the man, and never realized he was mismanaging things so badly.
Try using honey,
instead of piss if they really owe you money.......
"Completion of the Magna Purchase Agreement is also conditioned upon our receipt of acceptable results of environmental surveys of Magna’s assets, including a “Phase I” Environmental Survey.
or was he referring to phase 1 of the ST fiasco?
Try reading it in the context it was written,
"Thanksforthememories Share Friday, July 09, 2010 9:03:53 AM
Re: samplescave post# 160687 Post # of 207478
I think you, like many here, put too much emphasis in being fully reporting. While it is a plus, as you well know, that does not make a company a sound investment. This is and always has been about DB getting the money. If he pulls it off, Quasar will not only be fully reporting but profitable, which would make Quasar a great buy. Right now, it is about speculation.
Again, as you well know, fully reporting shows whether you are a good investment or bad. It takes the speculation out, and since it makes it safer, the ability to make multi bags is hampered. I'll take the unknowns here over a fully reporting POS any day wink "
--------------------------------------------------------------------------------
And guess what, Dean didn't get the funding and drove us into the ground. Stop misquoting Jeff and stop blaming him for believing Dean. I have dozens of emails from Dean and had dozens of phone calls with the man. He fooled me to!
It's called volunteering and is done everywhere, everyday.
I wish Dean had tried this approach.......
It's still on their website. PR would give it no more credability, just more exposure.
Besides, you were making this same claim back in October which is way before 12/20/2010 as well.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55557672
Here you go...
http://www.geobioenergyinc.com/projects.html
I'm not going to disagree, only because we have no idea how much they profited, we just know they did. As for putting a dollar on their liability, well, we certainly don't know that either (obviously it isn't as much as you seem to think or they would have been more aggresive trying to fix it).
As for the company firing up the share press, they would have done it by now if that was their plan or if they could. Since it appears they haven't then we can only conclude two things, either they can't legally do it because of ST, or they don't need to.
But lets mosey back to my point and concern, what will be the catalyst that forces ST to clean this mess up? That's the real issue right now imo.
The problem is with GBOE's past no one is going to believe there has been some positive changes. Without news GBOE will remain just another stinky pinky scam to the world.
And anybody who wanted in on the forced cover play is probably already in.
What we really need is for the company to release news about what actions they are taking to force scottrade to correct this. At least that might stabalize the price and rebuild confidence with investors so nobody sells to ST at these levels.
No we don't owe Scottrade anything. But I am confident GBOE has probably been advised to withhold all news while Scottrade has this mess to clean up. The last thing they/we need is for ST to file a lawsuit against them for profiting from this error.
So we wait and drift further and further below our presplit price, which really sucks considering that was .0001.
Scottrade profited from the sells they made on behalf of their customers when they inadvertently did the forward split. This is what has gotten swept under the carpet. It may have started out as an honest mistake but ST's actions after the fact does make them culpable. To correct this they froze the accounts of their customers and reversed those transactions, BUT, they kept the money they made from selling these "air" shares into the market for these customers.
And what about those of us who don't use ST and are holding pre-split shares and/or post-split shares? We are the ones really getting screwed now by ST's inaction. It appears company can't forward it's business plan until this is resolved and yet there is no clear idea how this will get resolved. If company can't release news because it could be interpreted as taking advantage of ST's "honest mistake" then what will be the catalyst to get us beyond this stage?
This fiasco puts a whole new spin on the term bagholder.......
I am not sure they can dilute right now. Since they are aware of Scottrade's "boo boo" I would think they could find themselves in trouble if they tried to profit from this mistake through dilution.
TDA also. Looks like they are using the last closing price as GBOE (presplit) for todays comparisons.
I think Scottrade can afford to fix this mess. With annual revenues of $1.8B in 2008, $10 to $20M in my estimation won't break the company......
"Scottrade Inc
Type Private
Industry Discount Brokerage, online investing firm
Founded Scottsdale, Arizona (1980)
Headquarters St. Louis, Missouri, USA
Key people Rodger O. Riney, Founder & CEO;
Jane Wulf, Chief Administrative Officer;Ron Wiese, Chief; Matt Sr. Financial Officer
Products stock brokerage, Online investing: Stocks, Mutual Funds, IRAs, CDs, Fixed Income, Etc.
Revenue $1.8 billion (2008)[1]
Employees 2,500+ (2008)
In 2010, the firm was ranked No. 27 on Fortune's 13th annual "100 Best Companies to Work For" List. This was the firm’s third consecutive appearance on the list. "Almost all managers are promoted from the lower ranks, bucked the recession, laying off no one, hiring more than 1,000 new associates, and opening 58 new branches. Benefits include an onsite fitness center and subsidized gym memberships.” [4]
In 2009, Scottrade placed 60th in Fortune's Top '100 Best Companies to Work For' List, slipping two spots from its previous rank of 58th in 2008. According to Fortune, The major contributor to making the 2009 list was Scottrade's ability to shake the turmoil on Wall Street and achieve its 20 year milestone on October 10th of paying quarterly bonuses and never having a layoff. Other factors were 25% job growth (390 new jobs) and zero employees outside of the U.S. Scottrade" Fortune 2 FEB 2009 [5]
In 2008-2009, "Scottrade was ranked No. 1 in investor satisfaction with online investing services for the eighth time since 2001, according to J. D. Power and Associates' 2008 Online Investor Satisfaction Study." [6]
In 2008, Fortune announced "that Scottrade, a leading online investment firm, has been ranked 58th on the 11th annual '100 Best Companies to Work For' list." One of the primary reasons for the ranking, according to the Business Wire article, was job growth. Scottrade hired 46% more people in 2007 than 2006, promoted over 500 employees in 2007, and disclosed that over 20% of Scottrade branch managers "began their Scottrade careers as interns." [7]
Recently Scottrade was also selected by Computerworld magazine's 2008 16th best place to work in IT. Many things were considered when rating the work environment for technology professionals such as benefits, diversity, career development, training and retention. In addition to a comprehensive questionnaire regarding company offerings, Computerworld conducted an extensive survey of Scottrade’s IT workers.[8]
In April 2010, Scottrade was reviewed in CEOWORLD Magazine ranked 2nd Best Online Investments Stock Broker."
I believe the only way any of those preferreds can be converted is if there is room in the O/S to convert them, which means there needs to be a buy back.
I realize the A/S could be increased to accomodate the preferreds, BUT, then the shares would be worthless when converted imo. Raising A/S would be suicide to Quasar. After Dean's massive dilution and misrepresentations, nobody in their right mind would buy shares then.
More than likely preferreds are being offered to secure financing which would really be in our best interest because then financing would "require" buyback.
All in my ever so humble opinion.......
Good thing he didn't say within 10 days..lmao
Jeff knows what he is doing and I trust him.
I doubt it. I believe Mineseeker will continue to run things after we recieve the 51% stake (if we ever get funded that is)
Nice job Jeff! Looks like a website for a business with no sign of fluff. Booya!
rut roh! 5 @ .002 x 1@.0022
2 x 3 with 6 above 2
hope it holds......
Dean took us all to the bank with his "funding in 10 days" lies. Jeff gives us a chance, small as it may be, to salvage something here.
Leave it to etrade to ruin the set up. They jumped in at .0023
I know what I own and know without funding it is worthless. I am grateful everyday that Jeff is trying to turn Quasar around and save my investment.
Cockadoodledoo!
That is not the Jacksonville Chamber of Commerce web site. The lack of information on Corporate Air Repair on this site only means they are not a member of it.
Nothing more, nothing less.
The hammer fell a couple of months ago when Dean was forced out.
LMAO, Jeff has bigger issues than how Dean signs his emails. Not sure why you think this is important but I'll humor this with a thought.
All the previous "fluff" pr's put out by Dean were claimed by many to be lies and yet all of a sudden he is being honest with how he signs his emails.
Geesh...........
Where we trade at until funding is completed is of no consequence. Funding launches this no matter what level we are at once it closes and thus an update is of no consequence to longs.
And if he can't clean Dean's mess up and close on funding, anybody who bought in based upon this update people want would join us longs as bag holders.
So waiting to put out news until there is a material event is the only way to handle this imo.
Ever consider how an update would be received? Small pop and anyone buying the high end of the run would be stuck down 50% or more within days once the flippers leave.
I am guessing Jeff knows this as well.
I am fine with it trading in this small channel until we can get a material event pr and move to a higher channel.
No funding, no company, and nobody else gets screwed like we longs did by Dean from fluff.
Kudos to Jeff for taking this route.....
Not if that car was a rental. Thief goes to jail and car is returned to leasing company.
The real issue here is the car was returned totaled and no one knows yet if it can be restored.
LMAO, and people wonder why Jeff hasn't given us an update yet.
So if the A/S has been maxed for months, why would the company want to pump? Who would benefit? We are at .0017 because of the past dilution by Dean. If those shares were held rather than sold, share price would be higher.
So please share your logic with more than "I am waiting for the next pump". What makes you think this?
BTW, when was the last pump? I must have missed it......
Just realized old website is down
http://www.quasaraerospace.net/
In doing a little digging, it looks like a new website is in the works.
http://www.quasarinternationalholdingsinc.com/
I thank him to.
Without his efforts things would be hopeless. At least now there is a chance for us, even if it is a long shot.
It isn't listed on pink sheets.
Actually, any type of funding surely requires all ties with Dean to be severed and his messy accounting to be cleaned up. No lender would want the risk of liability that Dean created and would want to be absolutely sure eveything about the company has been audited and approved by attorneys.
So it is my ever so humble opinion Jeff is focused on this and could care less about web sites and Ihubbers right now.
Without funding there is no future for Quasar or our investment.......
Would anybody believe anything he puts out in an update?
He knows funding is the only thing that matters and will work towards that end.
Until then we wait and hope he can pull it off......
Wow! Never expected that. Did he say anything else?
It didnt come from Dean. Many posters were told this by IR on phone and by email.
I also have to disagree, Jeff is not responsible for actions and events prior to becoming CEO and since Dean signed the financials, anything false in them falls on his head.
None the less this is a huge sign that things are moving forward with Jeff at the helm. I prefer no news until funding because these filings with the SOS and financials tell us more than any pr Dean ever fluffed.
These actions tell me Jeff believes funding is coming.
Why else would he waste his time on any of this.......
As I recall, Dean reportedly was to have met with the accountants to approve this filing the week before the team started "meeting" with him. A number of people reported this here.
More than likely Dean approved and signed this financial before he was outed and Jeff and the attorneys authorized the accountants to release it now. They know Dean had approved it, and it represents a time when he was CEO, so he would be the one held accountable for it if there was any false information.
This makes more sense than to think Dean is out there filing things illegally for Quasar.
Just a guess. I am more concerned with the future anyway and this filing is another step to get us current.
FYI, it also tells us more updates coming in the filing for the period ending 9/30/10 which sounds like they are wrapping those up as well..