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You are confusing share buyback with share retirement, my friend. They are two completely different concepts.
Here's how it goes down:
Bashers will flood the board and hammer the stock for every minute after 9AM eastern time that a PR is not issued. They will say "It's not coming" and "They are late" etc etc.
Eventually, a PR will be issued, the stock will rise, and these guys will disappear until a retrace begins. Then they'll all show up again.
Just like the recent run up to .035. Happens nearly every time.
Bashers out in full force tonight?
Wouldn't happen if good news wasn't just around the corner!!!
Selling for profit is great!
Selling for profit and then returning over, and over...and over again...to post the same rubbish? Not so great
Dec 15th is fast approaching, IMO we're seeing the beginnings of the scramble for shares!
.0145 now!
Picked up more today in the .013 range, what a steal!
DD on this one is coming together, and the more times I see disinformation/false information in bearish posts, the more it tells me they have no legitimate arguments against QASP, and it must be worth a buy
Amen from Kapolei!
The Sheraton in Waikiki recently had its renovations completed, didn't it? Might be a fitting place.
Hey Cali,
Can you tell us all again the story of how great it was that you exited early? Thanks!
Cali,
"The PR release about 3 weeks ago was put in place to achieve lower levels....Fact is fact."
That, sir, is an opinion. Nothing more.
We all know that you were happy to exit when you did, and we all are very thrilled for you. Kudos.
In the meantime, I'm picking up all I can before the start of December.
That's cool with me, I can wait. Didn't throw the mortgage money into this one
Interesting...
There is so much demonstrably false information in that post, it's difficult to know where to begin
Agreed.
Traders don't repeatedly come back here over and over to offer negative opinions if nothing is up.
Same thing happened prior to the August run
Why should it make sense when you don't have all the necessary information to make an informed decision?
All that happens in this situation is that the bulls insert their favorable interpretation of events, while the bears attempt to insert their most negative possible interpretation of events.
Both could make sense, depending upon what the actual facts are. And hopefully, we will find out those facts soon
Please cite your evidence for exactly how you know it was an economic situation that prompted the increase. If it was something else, please cite your evidence for that.
If you cannot cite any evidence, then your point is moot, because it may have been an infinite number of changable factors or opportunities that resulted in the O/S increase.
Until Dean PRs the exact reason, no one knows.
But here is one thing to consider: Why would Dean PR this, and then quickly begin to increase the O/S with an ungagged T/A? Wouldn't it make more sense to announce this, then gag the T/A, and THEN dilute like crazy - because the whole time the dilution would be happening, no one would know! He would make FAR more bang for his buck with this method.
Which suggests to me that the reasons for the increase are legitimate, and will be sufficiently explained.
Why not be honest, and post the entire paragraph? You know, especially the sentence that immediately follows which says
The world economic situation is unpredictable lately as we all know and things could change.
Or maybe post something about the two additional acquisitions that were announced after that PR, and how these additional two could certainly constitute an unforseen circumstance and need to raise capital.
You know, just to be fair and balanced
This isn't really a clash between bears and bulls.
This is more about shareholders who are willing to wait for results vs. shareholders who were expecting results to materialize quicker.
Sure we have a select few who claim this is a scam, but a preponderance of the evidence suggests otherwise. There is a lot invested here (in terms of money, time, and reputations) and IMO those who are willing (or capable) of waiting will in due time reap their rewards.
The evidence is out there for those who want to see it.
As I've shown, predictions from you don't mean very much.
Let's just sit back and let the QASP magic happen
QASP has a unique way of proving itself against false claims. For example:
CLAIM: Posted by: joelotto Date: Thursday, October 15, 2009 5:53:20 PM. In reply to: None Post 38652 of 43416
What will the OS be by next week at the current rate of dilution.....I say 565,987,234 What a great byback Dean is doing.
FACT: O/S is still well below 565,987,234.
CLAIM: Posted by: joelotto Date: Tuesday, October 27, 2009 3:44:17 PM
In reply to: None Post 41487 of 43416
Just a few weeks ago Dean told IR 400mil was the MAX.......
FACT: Dean NEVER said this to IR
CLAIM: Posted by: joelotto Date: Tuesday, October 27, 2009 5:16:11 PM
In reply to: None Post 41516 of 43416
No PR tomorrow!!!!!!!!!!!!!!!EOM
FACT: There was, in fact, a PR issued the very next day.
And my personal favorite - I believe many of the longs may agree with this:
Posted by: joelotto Date: Tuesday, September 22, 2009 3:54:49 PM
In reply to: Tufan123 who wrote msg# 30984 Post 30991 of 43416
I don't think an update is needed...If Qasp does what they said they are going to do let them do it. If the PPS goes low enough maybe they will retire 40% instead of 20%. The last thing we want is a higher PPS during the buyback.
Joelotto,
I don't see your point. Just because someone tells you something "should" happen, do you automatically expect that it is a guarantee? And do you believe that such things constitute, in your words, "fraud"?
If so, may I suggest investing in something a bit less risky than stocks, perhaps a CD?
I think I speak for many of the bulls here when I say Thank You for constantly attracting new investors by helping to keep us on the Top 15 list
Let's clear something up real quick:
There seems to be a common misconception that back in August, Dean issued a PR that said the share structure would not increase.
The actual excerpt from the PR is as follows:
"The company does not anticipate a need or any reason to return to the capital markets for additional funding. We have been very successful in raising the funds needed thus far, and we are confident we can operate quite comfortably with the capital currently raised. This should give shareholders confidence in knowing that our share structure will likely not change for the foreseeable future. The world economic situation is unpredictable lately as we all know and things could change. That being said, we remain confident."
That is a very explicit caveat to the overall tenor of the PR. Dean will still be judged according to his justification for the recent issuance of shares, but if the reason is good enough, I think we will all applaud his decision! Makes sense he would want to finish buying stock before he issues his justification if the stock prise would seemingly rise as a result.
Which bodes well for all of us (shareholders).
db,
Thank you for your continued DD and excellent contributions to the board. People like you are a valuable asset here as we watch this unfold.
Good to see that Dean has a pretty substantial stake in this, and that he is still communicating with shareholders.
Also glad to see that we have some pretty intelligent investors on the board. I appreciate the substantive discussion here, and I think it means a lot to the new investors also.
I'd caution people against responding to those who seem to constantly reappear here only to bash - certain "investors" will NEVER think this is a legitimate company, no matter what happens. They will find ever way to spin every PR as negatively as possible.
If Dean comes out with a PR saying the acquisitions are closed, they will probably claim the companies are ficitious, or worthless, or some aspect of the acquisition was illegal.
The back-and-forth comments with these posters really serves no purpose other than to clutter the board and potentially scare off new investors. There's a TON of great DD here, let's focus on that!
Remember, it also isn't out of the question for a PR to come out afterhours
Who knows.
It will be exactly 2 months after August 28th, which is when the 4 acquisitions were originally supposed to close. Good news coming?
So far today:
Deutsche Bank Securities Inc.
290,000 shares repurchased at a cost of $4,883 over 4 trades for an average purchase price of .0168
joe,
Take comfort in the fact that the O/S has not been raised for the past few days, and has halted where Dean claimed it would.
Also, let's look foward to hearing the results of Dean's face-to-face meeting with IR.
Excellent, still no O/S change.
I wonder what the results of today's IR meeting will be.
This pattern is familiar:
Note the movement, for example, of SPNG before its massive run. MM's did multiple shake downs to take out stop-loss orders (very easy in pinkie land) and scoop up cheap shares.
About a week later, SPNG had its massive run. So, those MMs who has loaded up on cheap shares as a result of the stop-loss orders during the shakedown were now able to sell those same shares at 5x, 10x, 15x for a profit.
They make unbelievable gains by utilizing this type of trading, becuase often they are able to shake so many out. If you can learn to identify this type of action, often you can hold out when others would normally capitulate.
Excellent point.
Aloha from Kapolei
Let's take this one step at a time:
1. No proof of acquisitions
Of course there is no proof of acquisitions at this time. Why would Dean leak the names (or any other verifiable or identifiable evidence) that could potentially jeopardize the closings before they've even been signed? It wouldn't make sense.
2. No proof of bridge loan
The statements that Dean made with respect to the bridge loan do NOT constitute foward-looking statements, and thus are not subjected to the safe harbor provisions of the PSLR Act of 1995. He unequivocally stated in a PR that the company "has" received the loan, and thus would easily be found liable for fraud if that was not true. Personally, I don't Dean would stake this entire enterprise on that one, intentionally false statement. Again, it wouldn't make sense.
3. No proof of anything else
Ok. I'm not sure where you're looking, but I see proof of a buyback (as promised). I also see the updated filings with PinkSheets.com (as promised). I've seen that the Jacksonville Business Journal published a front page article on Atlantic Aviation on Friday, October 2, 2009. I've pictures and read reviews from posters who have actually visited the airport and spoken with Dean.
Seems to me that if you really see no proof of "anything" then you may be intentionally ignoring some evidence that contradicts your point of view.
All IMO.
Deo gratia!
Good luck all QASPers, today was a perfect opportunity to add if funds were available. Looking foward to the results of the IR meeting and hopefully a move back north pretty soon - the fundamentals and the value are still there, and Dean is still proceding with the buyback and has posted the filings as he promised.
I'm very interested to hear what will come out of Dean's meeting with the IR company tomorrow.
Added more today on the dip - buyback still in progress, a $15 million loan, and four pending acquisitions. The intrinsic value/potential here has not changed one bit!
QASP is just fine :)
There are so many incorrect and inaccurate statements within that post, I don't even know where to begin. So I won't
Have fun doing some DD!
Excellent post!
"thus far, it's all promises and pie in the sky"
That is demonstrably false. Dean proposed the buy-back in a foward-looking statement, and then delivered.
And more:
On Monday, September 21, 2009 executives from our wholly owned subsidiary, Atlantic Aviation, took delivery of a pristine Piper Seminole for $89,000, which is an excellent twin engine trainer
And more:
We have been asked what Redbird simulator we purchased and installed at the Herlong Airport, it is their FMX Model. We are pleased to announce that we purchased this top of the line unit for $80,000. We are so pleased with it that we have now ordered a second identical unit.
I'm more inclined to believe these PRs (coupled with the multiple postings from those who have visited the airport and spoken with Dean) than some arbitrary claim that this is all "pie in the sky."
All IMO.
In the course of QASP's buyback and acquisitions, the salient point is that QASP obtained the $15 million loan.
The source of the loan is of little significance, compared with the fact that QASP was able to obtain it (and now use it) in the first place.
The question remains: Who (or what entity) would possibly provide a $15 million bridge loan to QASP without seeing some substantive evidence of how that loan would be repaid? This, in my opinion, provides the strongest proof that QASP has some substantial developments which have yet to be released to the public.
IMO, there isn't much "blind faith" here - just lots of logic and solid reasoning by many posters here.
brikk,
Good point, I overlooked that.
GEO,
You claim that this is a religion stock. Please, then, explain the following, taken verbatim from the 16SEP PR:
The company has allocated funds through a $15 Million dollar bridge loan, and intends to move forward on the buy-back
Note the verbiage used with respect to the buy-back. It is clearly a foward-looking statement, as defined by Section 27A (SA of 1933). And in fact, the company IS following through with that promise.
Now note the verbiage used with respect to the $15 million bridge loan. It cearly indicates that the company "has allocated funds through a $15 million bridge loan."
Any high-school student could tell you that this does not constitute a foward looking statement, and thus is not subject to the safe harbor provisions of the PSLR Act of 1995. This legally-binding statement, therefore, would clearly constitute fraud were it not true. You seem to not believe it is true.
Therefore, are you claiming that you believe the company has committed fraud?
Ironically, you also claim that QASP couldn't get a bank loan for $15,000. Please tell me exactly how you know this is true, because I believe that would involve insider information. I am very curious to hear your response!
QASP has thusfar made large sums of money for those invested (note its considerable rise from .0001) and I believe that this is only the beginning. Dean has a penchant for coming through with his promises (albeit not always precisely on time) and these are the standards by which I judge him - QASP seems to be well on its way to increasing success!
Mahalo
If you where a bank, you would give a company a 15m bridge loan if they have nothing to show you how to pay it back?? I guess your answer has to be NO... ;)
You hit the nail on the head, and this is an excellent point. The only remotely rational way that you could argue against this point would be if you said "Well, there is no evidence that this loan exists, it could just be made up."
But it would be ridiculous to believe that one day Dean decided to just blantanlty commit verifiable fraud by issuing this PR. That makes no sense whatsoever, regardless of what you think his true intentions are.
Conclusion: The bank has seen verifiable evidence sufficient to extend a $15 million bridge loan to QASP. When we, as shareholders, are allowed to see this evidence (rationally, this would occur at the conclusion of the buyback), we too will be rollin' in the dough