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Here we go....
No way!
This week is FINALLY the beginning.
Read it again!
"If QASP's net equity post financing/acquisition was less than double the loan's principal and interest coverage, I would not be able to fund."
He has confirmed to us that Quasars assets after acquisitions is "more than double the loans principle"
The idiots putting up the "collateral" to back the loan is the acquisitions.
"The first investment grade private bank that is securing the AAA Trust company is totally secured by the net equity valuation of the assets being purchased by QASP. These assets are well in excess of $165mm..."
Closing acquisitions!
Been here since March 09 and clearly remember everything. Hasn't changed my faith in Dean at all.
Lots of things have changed since then and my investment will be rewarded way more than I ever hoped last March.
And everything Dean said in your post was true at the time he said them. When the stooges in Chicago screwed up the funding, things changed. And thanks to them I was able to bring my averages well down from the .028 it was last year. And thanks to them screwing the $350M we now have an additional $115M or so coming in.
Yep, some of us are grateful for the delays. And we are even more grateful we are within a week of having all eyes on Quasar's future and not their past.
Agreed!
Most of us know what we hold.
Yesterdays dilution probably scared them off.
Hopefully they turned a small profit.
Wouldn't want to be them after this month.....
He is not manipulating the share price for buyback. That is ridiculous. Lets give the man some credit.
He said everything will be done by July 1st and these past two weeks he has been out and in meetings. If people believe this then give him a break until then. If people don't believe this, well, don't let the door hit you in the.......
If people are getting skiddish, try reviewing the cc's again.
Close deals first as they need locked up. Then start buyback "in earnest" and when pps hits a dime from buyback......
RELEASE THE KRAKEN!
And the release the pr's formally announcing our new subsidiary companies.
Then fireup the press machine and knock our socks off daily with all Dean has in the pipes!
And if June 30th comes and we have closings for 6 acquisitions in the bag, will you humble yourself and admit you were wrong?
This post proves you have no idea how companies sell shares. Your math indicates you think Dean has been sitting by his computer the past year hitting the sell button...lmao
Then you want people to believe all the money raised from these shares went into Dean's pocket...lmao even more.
Did you even look at the financials on file? How about the increases we saw when we were subpenny?
Try sticking to facts and give up on the funny math stuff please.
Wrong again. O/S was 220M and float was 30M then.
And it was a shell with many bag holders from previous ownership. And as you know these sharehholders sued the previous owners and had them removed. And you also know alot of these same shareholders are an intregal part of Quasar.
Now we are no longer a shell but have numerous acquisitions closed and many more to be closed. We also have a confirmed acquisition of Mineseeker closing any minute now.
Can't wait to hear your spin when we are trading at a quarter......
Agreed, but I was responding to the comment that nobody would provide the assets needed for this loan to a pinky. The companies being acquired would have no problem providing this collateral if they wanted this deal done, which they do.
The original first 4 acquisitions should have more than enough in assets to be used as collateral for this.
CEO's are fair game on IHUB. As long as posts don't attack other members it is pretty much within the rules.
Any actions against posters attacking Dean will have to be addressed by him and Quasar.
Let us not forget these revenue and profit forecasts for 2010 only include the projections from the original first 4 acquisitions.
"the 150 million in projections for 2010 with 30 million in profit.
We should easily surpass this with what is planned for this year imo.
Since surpluss money is going to our Finance company seems logical it will be used for future acquisitions as they become found.
QASP wait is finally over.
Infantry 80-88
When Quasar needs money they sell shares at a discount to a third party for cash which are then immediately dumped into the market. Their only concern is to liquidate these shares quickly and get their money back with a profit. They do not care about Quasar's future or potential, but just want their profits now. And considering that we have seen dilution of over 1B shares, these guys have already made millions bankrolling Quasar.
This theory that Dean is personally squashing the share price to accomodate the buyback is absurd (and illegal)
The companies we are acquiring have LOI's in place and have likely agreed to let Dean use their assets to secure this funding. I am sure they have placed a stipulation that some of these funds be used to close their particular companies for allowing their assets to be used.
Maybe not but book value of shares can be determined if you know all the valuation factors. I am betting when Dean starts releasing this information the market will adjust to it. Upcoming release of financials will also help the market.
So it is very plausible that Dean knows what the shares will be worth in the future.
I just copied it from their website since you couldn't find it. Now you want to misread it...lol
Believe what you want, this is the real deal here and you will soon know the truth and won't be able to spread your misinformation.
Mark this post!
Kendrick responded to a number of people to confirm deal with Quasar.
And may I suggest you include reading the entire news articles as part of your due diligence. There is lots of fascinating things that can be learned if you read more than just the headlines.
For example, on the mineseeker website, where the article of his pledge is posted, right there at the bottom of the article you will see this,
"Note. The Mineseeker Foundation is a not for profit organisation. It has licensed the know-how and technology to Mineseeker Operations, a for profit concern, established to attract investment to fund the deployment of the Mineseeker systems. Quasar has taken an option to fund Mineseeker Operations in a multi-million dollar programme"
Here is the link to that page,
http://www.mineseeker.com/news/the-ceo-of-us-based-quasar-aerospace-industries-inc-dean-bradley-has-pledged-a-1-4m-financial-package-to-the-uk-based-mineseeker-foundation
LOL, no you were asked if you knew Quasar had reverse merged into Equis Resources.
And please accept my apology, it was a sarcastic question.
So where does Mineseeker fit into your conspiracy theory?
Obviously you have missed quite a bit because that link has absolutely nothing to do with Quasar. You do realize this is a discussion board for Quasar and not Equis, don't you?
My son served two tours in Iraq and not one terrorist ever approached him about buying shares in Quasar.
Sounds like you got all the answers......
Did you know they announced a reverse merger into Equis in 2009?
Just making sure you didn't miss anything.
Every one of these sites will be picking us soon and watch as they all take "credit" for Quasars historical run...lmao.
Problem is there is no way to tell where the bottom is. Another red day here with more to come imo. When folks realize there isn't any reason to ride it down further this thing will see sub penny before any chance of a bounce.
greennutsack, Quasar will prevail. CC is just the beginning of our turn around.
It is still falling even after all the insiders bailed. Can't even hope for a dead cat bounce here until it finds a bottom. Looks like trip zeros before any real bounce at this rate.
I don't get it. With all that HLXW supposedly has on the table,
why does this always go down?
Are they still diluting and can anyone prove they stopped?
The Charts show Lower Highs and Lower Lows.
Trendind down over the next 3 to 6 weeks.
You get a decent profit on this latest bump?
Hope so, you earned it...lmao
Look at all the regular, shall we say "unbelievers", who are silent right now. All of them.
Tells me they are flipping out of their positions but remaining quiet until price shows signs of dropping back under .007.
This is why no real run has started.
They will be back soon enough with their rhetoric. More than likely we will get hammered over the weekend by them in an attempt to scare sells for open Monday.
Very soon Quasar will release the beast and these guys will be flipping in and out all the way to the top.
One of our resident flippers (or sometimes referred to as bashers) would have turned a nice profit on 1.2M shares bought at .0055.
Let them exit now. Some of us have our tickets punched for a much nicer destination for this train.
Looks like ETMM is still in the drivers seat imo.
Yes it would. But think of how much faster price will go up on that news if the float were reduced by a 100M shares or more first. Especially if price were a nickel or more from buyback when Mineseeker news is releaed. Thats what I would like to see.
Yes, buyback before news!
Get a boatload of these diluted shares out of the market before this beast is released. Smaller float equals harder runs on news.