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Sorry it's fact, you haven't explained once how you justify saying it isn't true. It's right there in black and why. You can take that to the bank.
Everything in the post is 100% true, verifiable fact. New investors should be aware of this information.
You are entitled to your own opinions but not your own facts. The A's own 6/7th's of the company, it's a fact!
You say it's only there to give control? Well Joe would disagree with you, look what he says about his A's.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74239983
I would hope Joe isn't, I mean he referred us to a document that proves our point, then argues that it doesn't say exactly what it says. The prevision isn't complicated, it's clear. The holders of the As are entitled to 6/7ths of the value of the company, no matter how many common shares are issued!
Mods you really need to do this, people even thinking of purchasing this stock should be aware of what the As are, and how it affect the value of the common shares.
Except for the face that they convert into 6X the common shares, so the holders of the A shares own 6/7ths of the company. It's all right there in black and white, Joe even told us his A's are valid and not just there for control. Give it up, you lost this one. The sky is not purple!
Then there is no arguing with you. After the 1000:1 R/S Joe increased the O/S from 1.7 million to over 8 million. Or is my math off again?
Did you invent a new Math? Please share!
Please point out what was wrong with his statements, it all looked accurate to be.
QASP is a joke, just look at the volume, price, and the fact that the commons only own 1/7th of the company. lol
Just to make it clear, because the A's convert into 6x the commons, they hold 6/7ths of the company. Who holds the A's? Joe, Dean, and Josh. Did I miss anyone?
That is the truth!
This is a good post about the A's. People thinking of investing her may want to read it.
Don't worry I'll keep it up. This stock is crap, and investors need to know what they are getting into.
So you don't care if the current CEO was helping the previous CEO scam investors? Guess I am missing the point.
Also just as a reminder, the A's represent 6/7th's of the company. So common shareholders only hold 1/7th of the company, sure seems a little small to me. Oh wait that's not the point either...
So what is the point? That there is no profit? No transparency? No one to purchase the stock with a history of scams and a 1000:1 R/S that the current CEO was "pleased" to announce? Stop me when I hit a point that actually matters!
Good post, new investors should take a look. Good info right here
It mean the stock is VERY overvalued and will crash. No one will buy it because it's worth nothing. Is that clear?
Not to mention common shareholders only own 1/7th of the company!
From your own words we can tell what shareholder you are concerned about bringing value to, and it isn't the common shareholders.
" they appear valid and especially mine as they are more due to a contract that is legal and binding "
Quite telling, isn't it?
Good luck selling any shares with those A's hanging around, might as well give up the pump job until they are gone. No one in their right mind would invest in this PoS with those A's in place.
Dean and others argued they were simply a poison pill, well guess what? They are, poison to the common shareholder.
"All aboard the fail train, next stop, .0001!"
That is something defenders of Joe and Joe himself won't address. Because it's indefensible!
With the A's the current market value of this PoS is $6,706,971.04. Totally overvalued for a tiny flight school with massive debt, and what, 2 students?
Before your CEO sells more fraudulent debt wraps?
Before your CEO is pleased to announce another 1000:1 R/S wiping out the common shareholder but keeping the A's as fraudulently structured as before?
Before your CEO...
Again, do you think Joe was unaware of Dean's illegal action as he was selling shares for him? Or should shareholder not hold that against him?
I'm interested in your thoughts on the question above. You seem to be sidestepping it, why?
Maybe profit for holders of A shares, but common shareholder will get nothing. As shown by Joe actions with his 1000:1 R/S.
Again, do you think Joe was unaware of Dean's illegal action as he was selling shares for him? Or should shareholder not hold that against him?
I think he has some explaining to do, and "I don't recall" doesn't cut it.
It has been posted many times, Joe even acknowledged signing it. It's a fact.
I can see how anyone with A shares would back Joe! But every common shareholder, or holder of B's, should be up in arms. This is a total scam, and anyone investing here until the A's are gone is simply buying really expensive toilet paper.
9 cents is far too high. This PoS will be down under a cent very soon.
Actually I am right, Dean voted his shares and removed Jeff allowing Joe to take control of QASP.
So you are just going to ignore how Dean voted Jeff out allowing Joe to take control? lol
So Tex, Joe was selling shares for Dean. This has been documented. Was he unaware these shares were being sold for a man running a giant scam? Are you aware of how much money he made for Dean selling them? How much he made for himself?
I will ask again, you apparently are close with Joe. What are the answers?
Wait, so Dean voted Jeff out as CEO allowing Joe to take control, and you are saying Jeff has been in bed with Dean from the beginning? Maybe you should address that little inconsistency?
So Tex, Joe was selling shares for Dean. This has been documented. Was he unaware these shares were being sold for a man running a giant scam? Are you aware of how much money he made for Dean selling them? How much he made for himself? I'm sure if you ask him he will "not recall" but it's a valid question.
Now that he is in charge, and isn't able to sit back let Dean run the scam and make money selling shares for Dean, he will be ethical? Why do you feel this way? Seems to be a leopard doesn't change his strips, once a scammer always a scammer.
Sorry but the common shareholder of Q will never get anything with Joe at the helm. He wants his money, he doesn't care about the share price, or what the common shareholders get. Why would anyone join Joe after he helped Dean screw them in the past?
1000:1 R/S says it all, increasing the O/S by 5X says it all, not decreasing the A/S from 3 billion says it all. SCAM!
1) It doesn't matter who was CEO in January 2011 because Joe was pulling the strings and in total control. He wanted the increase to 3 billion and made it happen, along with the 1000:1 R/S.
2)neccessay for you to get a grip on #1 before proceeding.
imo
So how did the A/S get increased to 3 billion? Magic?
And why can't Joe use that same magic to decrease the A/S?
So how did Joe go about increasing the A/S to 3 billion? Please tell us, and then tell us why he can't reduce it the same way.
Let's do some quick math with the numbers in the ibox.
Market Value1 $1,132,346 a/o Mar 12, 2012
Shares Outstanding 8,710,352 a/o Feb 23, 2012
With the A's the true number of outstanding shares is 8,710,352 + the A's. Which are 6x the total number of outstanding shares.
So add that 52,262,112 to the outstanding 8,710.352. For a total outstanding share count of 60,972.464.
So what is the real market value of this scam? Well based on the current pps it's $7,316,695. Now that is funny! That seems a little high, should see this come down to earth soon.
Good idea, if I take what I have left from my QASP investment, I might be able to afford 1 ticket! Thanks Joe!