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I believe your posts would be more valuable if you backed up your statements with evidence of various kinds or reasons why you feel so confident. The same goes for DB's statements: just saying "funding is imminent" is hard to believe, especially given the history here, without any further reasons WHY funding is evident or what have you...there seems to be a very lacking ability/desire to provide valuable information/reasons/evidence as to why we are likely to be successful despite being in the toilet now and despite so many apparent failures to deliver so far.
With that in mind, anyone capable of providing real information, evidence/reasons WHY things are going well, especially with regard to funding, would really provide something with respect to a substantial post.
Well, we haven't heard of anything Newby lately...let alone the 350 mil that was stated to be coming in traunches some time ago, right? One minute something is due any day...the next minutes and hours you never hear of it again. Anything is possible. I wonder how well your paper trail theory would work as a defense on a variety of possible charges of wrongdoing. Ideally we won't have to worry about this too much = funding happens, but you never know at this point. Dean doesn't give us much insight into what is going on for whatever reasons. Personally I am not a big fan of that, especially given where we are and so many mishaps.
Thanks EbbNflow (and Bullstocks). I just hope we pull through in the end. These are trying times...and more red yet again today. We can look in the rear view mirror and where we are and nobody except for Banker is happy with that. We can only hope that looking forward we'll get back on our feel, let alone fly. It seems we are walking a tight rope over the abyss right now. It's now fun being down 60% +, losing more than your stock is worth. Good luck to all longs...hoping there is a happy ending to this so far depressing story.
it's sad but true I've been one of the suckers. there's no good way of situating a big time shareholder, communicated what you were from Dean and everything....and being where you are now. I will certainly take action against any foul play which can be so malfeasant.
That said, go Dean! In truth, WE swim together or we go down together. You know who I am rooting for, even if I made a bad decision on many levels and more than one, along the way. Need to become a flipper, shrewd, in and out, never "sitting on the egg" like this again.
This baby needs to get out of its funk and fast, I hope!
for all the good people...and me, of course!
I weather as many storms as I can and look on the ceaseless and continual "bashers" with contempt. I don't mind rational agents, like Ikaui, who contribute reasonable skepticism (as well as good points as able) along the way!
Please GO QASP and let Buddha be on your team from a rational evidence point of view! Don't make me go against you!!!
I feel silly for having my whole saving in QASP and at a much higher price to boot, .013ish average, and especially since I foresaw problems before they occurred, posted about it before, but failed to exit. Now I'm at a place where I simply hope to break even, and amidst all the sketchiness.. I'm a hair away from poverty. At least I'm single and no kids and pre-disposed anyway to dark thoughts about reality...fate brought me for a variety of reasons to put my nuts on this...no matter what I've made mistakes along the way. I will crash and burn on this or be redeemed. You can believe I will do what I can in the event of proven deception and failures...but I hope that QASP succeeds despite the now very sketchy history. I could never put as much money on this now as I did at the time that I did. However it is a much better gamble now for similar reasons than it was at .013 and above. ikaui did what I should have done.
We rise and fall together. Good to have the likes of you in this.
I think we are shaping up for a major change in events come QASP. I hope I am right. Haven't sold a share yet. Missed my chance to flip. Waiting for good news ahead soon, I hope.
I agree -- let's hope for some meat! I'm looking forward to a great week and beyond --- hope I'm/we're not disappointed!
Well, I'm certainly feeling optimistic again= I think this could be our time. I hope so! No raise in the A/S, I hope, "no plans to do so...said recently," and now we get Friday's very good PR IMO -- all but said they had funding.? They sure are making plans, etc. ;)
Rock on Brother! Say hi to your girlfriend(s) for me: Time to Party! I think...
I agree. Things are looking good now :)
This seems like great news today! I hope it all happens "in next 10 business days" or close enough...at least get funding by then!
Seems to imply they expect to have the money "Imminent."
Yeah, holding the bags right now averaged around .013 about 3million + a few shares losing tons of $ right now. Hopefully I'll be a happy shareholder by October.
LOL we should go to the bar together.
I didn't even get received. I sent an email and nothing back yet...sent it a while ago when others got their "receiveds"
If we are not in decent shape by the time of the shareholders' meeting, I can't imagine when we will ever be...it also wouldn't be very much fun to be at the meeting either...for one I wouldn't be able to afford a plane ticket...so I hope "imminent" occurs before October. Of course I was hoping before August, but that's not looking good...oh well, I guess.
I agree 1000% Great post!
Please provide a rational argument against my expressed and detailed criticisms. Are you incapable or unwilling to do so? Some have said I am asking the wrong person, but you claim to be confident. Is all you can say "according to your DD"? Please don't expect me to simply take that at face value at this point. I want to hear your opinion...but following the money...well last time I checked this is on a severe downward spiral...seems as though I should sell in that case. I am stubborn. I just want more rational arguments than requirement of (substantially blind) faith. Whoever can provide this much respect.
I'm afraid we are both right. I have not seen a single, adequate response to our concerns yet, and it is from people like us whose response I appreciate the most. Die hard, identifiable bashers...I hate to say they were right all along and generally I don't understand their agenda here.
People like you and I, I understand...skin in the game but not afraid to ask questions, even if it hurts us (because we appreciate the truth). My last post expressed very real concerns, and I have passed them along to IR as well. I am stepping up my game with respect to skepticism. I am sick and tired of the BS. Dean completely failed to deliver a substantial CC today given the stakes at hand, and I have lost more confidence as a result...as some have said...hating to sell at a loss is a factor...what sucks is I have to hold hoping that "faith" wins over "rational assessment" here. I am doing my best to coax Dean into providing a real update, not a high school commentary on who is being immature.
This is looking more and more like the Titanic. I am on board, so rest assured I hope it does not go down, but can you offer any suggestion as to why:
Given so much time in between last CC and this one, and so many disappointments, Dean completely neglected to comment in detail on the most important items of business, and I have to hold him accountable as a shareholder for that:
1) absolutely no mention of Newby or 350mil funds
2) with Newby I would have expected at least a comment on raising/submission/where are we in the process of that 1.775mil or so fee?
Dean used that "I will not give a time line" that seems reasonable but went WAY to far with it...absolutely no details/progress report -- meaningful dialogue on "on the ground" details of funding. No excuse other than it is not going well and better not to mention it IMO.
3) Ok he can gripe about people chatting up Rudd's family, but really...no mention AT ALL of the logistical problems?
With this company's very sketchy history up to this point, I am very disappointed by the lack of substance -- other than audited financials in 2 weeks (no fear of time line there) and no raise in A/S (if that's true), and Dean's own 8 Mil on this
For some reason Dean wants to keep us in the dark about the details of real on the ground progress....leave time lines out...have we raised and paid the 1.775 mil or not? have we submitted it or not? that loan is history and we are working on something else or what?
I'm very disappointed that Dean feels "funding is imminent" is an adequate expression of our current situation, especially given our current predicament, the fact that these statements have never yet been true, and so on...I wish he would be really transparent and if he is going to only give us a few minutes of his time in a CC that took WEEKS to give us, then don't waste his breath on "bashers" and posters of various kinds...the shareholders' meeting, great...but give us the real meat.
I don't know how anyone can honestly say Dean really gave us substance this CC, given what any reasonable person recognizes as the kind of info we need.
Can anyone explain where my reasoning is wrong? Granted if the news is bad, thanks for buying us time, Dean, and keeping it ambiguous...just wishing that was not the best explanation.
I know...I think it's ridiculous we didn't get an update at least on this source or any source of funding for that matter -- meat and specifics...I am tired of "imminent" and that's it...tell me WHY it is imminent ...or let me decide...tell us what's going on in a CC...
I don't think it was a disaster...but it didn't really help us any either. We need specifics/details, especially in regard to funding and accomplishments...really just in limbo like we have been. You either "have faith" or you don't...nothing to help one make an informed decision based on what's going on. I don't think we have any new reasons for doubt.
True, I hope the meat is there.
Yes, I wanted to hear about that and very disappointed no comment at all about informative details like that.
I have to admit that made no sense to me...worst part of the CC.
There were positives: Acquisitions on board, funding "imminent" (well...), 8 million of his own money, no increase in A/S, etc...
But why no details in the update about 1) Newby funds, 2) 350 mil
Ok, no timetables, but tell us what is happening now and what the funds depend on and so forth...is it so bad to give us details and have a bit longer phone chat? Too many ?'s still lingering.
I think the CC does little for bears or bashers...kind of in the same place IMO
I understand Dean doesn't want to give dates on the funding, but why not at least a mention of how that 1.775 fee is going or? some details about what is going on would have been nice.
It's going to be one of the best or the worst outcomes ever...if not this week "soon"...very important CC.
I'm hoping to hear this much at least: that they raised the 1.775 and are in process/final days before they get the funds.
Who is selling right now? Scared? knows something? no optimism? ugh
Interesting prelude to the CC...nice head fake yesterday. Can I do anything but lose here? We'll know by this evening. I sure hope this prelude has nothing to do with the CC...I can only imagine if Dean slips/bad news/etc....wow.
It seems reasonable that if we were to get news of funding or anything being closed, we'd get a PR first, then more elaboration on the CC.
Since we don't have a PR yet, most probably we won't hear of anything closed, but what I hope we do get is a clear path to getting it closed and it happening soon or otherwise reasonable plan of action going forward, addressing concerns over A/S, funding, Mineseeker...
Of course I would love for funding to be in the bank, etc, but we'd probably get it PR'd first? but the CC can still be positive and beneficial as long as we have a clear and realistic plan for success and hopefully in short order, hopefully shedding light on the problems that we've encountered and how we will overcome them and just how and specifically we will proceed to hopeful success.
I agree today's CC is very important. I was hoping for a run up in pps prior to it, but what really matters is tomorrow based on later today. Hoping for the best...it's going to hurt otherwise. I guess I should have waited and not bought in yesterday...plenty in the hole already.
I agree. I like it. Can't wait for tomorrow's CC! Hopefully it is a very good week!
I'm hoping Dean gives us something to keep the haters away, or at least more ammo against them, but more important to keep that share price moving up tomorrow. I'm betting he will.
Thanks SunScents. Yeah it has been a long hard haul for me (since I didn't flip any previously). I am optimistic going forward (or if I lose I might as well lose even more? lol).
Go Dean...hoping for a home run or at least base hit by tomorrow's CC.
Hopefully we'll have plenty of reasons to celebrate come October, and in that case I will hope to be at the shareholders' meeting in October.
I think we'll make a comeback...slow and steady or rocket ship we'll see.
It should be a good/great week...Off to a good start (on light volume though) so far.
Well I bought what little more I could today in anticipation of what I hope will be a good/great CC tomorrow. I don't think they would be planning a shareholders' meeting in October if they didn't expect to be doing well either.
We should be getting a PR today announcing the specifics of the CC (and maybe some other news with it?), so I figured I would get in today before that.
I certainly hope we can look forward to a great week and beyond.
the best defense is a good offense? I'm not sure if it's a good offense. I find the sue threats somewhat amusing...bears have plenty of counter ammo at this point. All I care about is FUNDING FUNDING FUNDING.
Pretty good point. Dean seems to take things personally, put out bets he would have lost, etc. I just hope this is more showmanship actually based on something. The biggest reason we are where we are is in QASP's failure to deliver the goods...not what anybody is saying on a message board, so it is a little silly, but I like that a CC and investors meeting was included with the BS. At least Dean is going to face the crowd. He better know he is losing whatever game he is playing until he produces results.
I will be happy with some reassurance, but to be assured I would say requires some reason for optimism going forward, as well as an honest assessment for what has gone wrong thus far, and why we may hope things will get better. This would be good for the CC, even if we don't have major breaking news to announce. He's got to have something positive to say though, in whatever way that it is reassurance, or he wouldn't hold a CC IMO.
If he reaffirms no increase in A/S and provides good reasons to believe in funding, pps will not go lower, and if anything we have greater chance to go up after the CC, unless it does not go well. I think the silence would have been maintained were there not some good news to speak of.