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Nice accumulation, and the price moving north in an orderly fashion.
Been away for a few day's WOW!! Nice recovery on the price. Anything new happening on the rumor front?? Thanks in advance.
Stock price has to be $3.00 with a few other terms in order to be taken to the amex. At this current OS its not happening for some time. Hope I'm 1000% wrong so I can retire early.
I was posting that info to another person on this board who was talking about an uplisting. Meaning how hard it is to get to the AMEX. I just love people who butt in and don't know the whole story.
Probably, but we need a consistant revenue stream for at least a year of $750,000 pre tax.
This will be the hard part........(Pre-tax income
$750,000 in last fiscal year or in two of its last three fiscal years
2 years
$50 million
I don't believe they have a significant revenue stream just yet. This doesn't mean the stock price can't move forward!! I'm sure that it will as more of the plan unfolds. Good luck!!
Advance, I posted the Amex listing requirements. This won't see an uplisting for a long time. The next move should be to OTCBB.
AMEX Stock Exchange Listing Requirements
Requirements
Standard 1
Standard 2
Standard 3
Shareholders' equity
$4 million
$4 million
$4 million
Pre-tax income
$750,000 in last fiscal year or in two of its last three fiscal years
2 years
$50 million
Distribution
800 public shareholders and 500,000 shares publicly held
OR
400 public shareholders and 1 million shares publicly held
OR
400 public shareholders, 500,000 shares publicly held and average daily trading volume of 2,000 shares for prior 6 months
800 public shareholders and 500,000 shares publicly held
OR
400 public shareholders and 1 million shares publicly held
OR
400 public shareholders, 500,000 shares publicly held and average daily trading volume of 2,000 shares for prior 6 months
800 public shareholders and 500,000 shares publicly held
OR
400 public shareholders and 1 million shares publicly held
OR
400 public shareholders, 500,000 shares publicly held and average daily trading volume of 2,000 shares for prior 6 months
Price
$3
$3
N/A
Market value public float
$3 million
$15 million
$15 million
Before we get crazy.........
The feasibility study
is expected to last about five months, starting in January 2010. A first
operational commercial service is planned by August 2011. An enhanced
service enabling reliable detection of individual mines is expected to be
mature enough for operations by mid-2013.
Quasar Aerospace Industries Takes Option in High Tech Landmine Company
Buzz up! 0 Print
Companies:Quasar Aerospace Industries, Inc. Related Quotes
Symbol Price Change
QASP.PK 0.0215 +0.0028
{"s" : "qasp.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""} Press Release Source: Quasar Aerospace Industries, Inc. On Wednesday February 10, 2010, 11:25 am
JACKSONVILLE, FL--(Marketwire - 02/10/10) - Quasar Aerospace Industries, Inc. (Pinksheets:QASP - News) has purchased an option to take a controlling share in BVI company, Mineseekers Operations Overseas Ltd, and its subsidiary Mineseeker Operations UK Ltd.
The company has a unique ground penetrating radar system that can detect landmines from an aerial platform, combined with a GPS and video mosaic system that will accurately map minefields and produce detailed photographic images of affected areas.
With a global market estimated to be in excess of $50 billion, covering over 90 countries, the scale of the landmines problem is enormous. Landmines are a humanitarian disaster that kill and maim victims in post-conflict areas on a daily basis and blight thousands upon thousands of acres of land that could otherwise be used to grow food in some of the poorest areas of the world.
The United Nations estimates that it will take several hundred years at the current rate to rid the planet of the tens of millions of buried landmines and other munitions left behind in war zones since the First World War. The Mineseeker technology is designed to vastly reduce the cost involved and the time taken to identify both landmines and other ordinance, which at the present time are located by operatives who painstakingly probe the ground by hand.
Dean Bradley, CEO of Quasar Aerospace Industries, said, "I am delighted to have secured the Option on the Mineseeker business and am keen to finalise the agreement before the end of this month so that we can move forward together and deliver this much needed breakthrough to the market."
"There is a massive and urgent need to tackle this landmine problem and we have the team and the technology to do it," he added.
"Furthermore, once the acquisition is completed we will be looking to deploy the technology for use in other commercial applications which would benefit from the high tech surveys that we can offer. The synergy with Quasar with its assets and interest in aircraft and training is obvious and we feel that this acquisition will be an excellent fit."
Mike Kendrick, Chairman of Mineseekers Operations, commented, "We are delighted that Quasar Aerospace Industries will become our investor in this company. There is a massive humanitarian need to rid the planet of the scourge of landmines. Currently it can cost up to over $1 million dollars per square kilometre to clear to declare landmine free. We will be able to survey a square kilometre at a fraction of that price -- delivering a healthy profit for our investors while fulfilling a massive need. The landmine problem is a man made disaster. Now we have a man made solution."
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are
Big blocks going through!!!
Non-Voting Class A Shares and Class B Common Shares
The rights of the Non-Voting Class A shares and Class B common shares are subject to the rights of the holders of the Preferred shares of the Company which enjoy a preferential right to dividends and return of capital on liquidation. The Preferred shares of the Company are non-voting except that they are entitled to certain voting rights and rights to appointment of directors when certain dividends are in- arrears. The following is a summary of the privileges and rights attaching to the Non-Voting Class A shares and Class B common shares of the Company:
The Non-Voting Class A shares and the Class B common shares rank equally, pari passu, share for share, with each other and entitle the respective holders thereof to the same rights and benefits except as otherwise provided in the conditions attaching thereto.
The directors may at any time and from time-to-time declare a dividend or confer any other benefit whatsoever upon the holders of the Non-Voting Class A shares without being obliged to declare an equal or any dividend or confer an equal or any other benefit upon the holders of the Class B Common shares provided that no dividend may be declared in respect of or any other benefit conferred upon the holders of the Class B common shares unless concurrently therewith the same dividend is declared in respect of and the same benefit is conferred upon the holders of the Non-Voting Class A shares.
The holders of the Non-Voting Class A shares may receive notice of and may attend any meeting of the Class B common shareholders of the Company but are not entitled to vote at the meeting.
The Class B common shares carry the right to one vote per share at all meetings of the Class B common shareholders of the Company.
Under certain circumstances, the Class B common shares may at any time be converted into Non-Voting Class A shares on a one for one basis. The circumstances, among other things, require the approval of the Board of Directors and require that Class B common shares which are to be converted be offered first to all the other holders of Class B common shares.
No subdivision or consolidation of the Class B common shares shall be made unless the same subdivision or consolidation of the Non-Voting Class A shares is made concurrently. No subdivision or consolidation of the Non-Voting Class A shares shall be made unless the same subdivision or consolidation of the Class B common shares is made concurrently.
I just added more myself @ 0.0171
I left for an hour and half, what the hec happened?????
100K buy just posted! This is moving north, stay tuned.
I put it all in at once. Maybe that's why it took so long.
Bought 70,000 with market order and it took 5 minutes to fill! Usually with a market order it fills ASAP. Interesting.
Yup!! I find intereting that people like sample are out to save the world. If you don't like the stock / company move on!! Why would you waste your time postng if you dislike the company? I know, you probably lost money trading.
??? When did the high of the day occur? Early this am?? Been busy today haven't had a chance to pay much attention. Thanks!
Good call, I agree!!!
Thanks for the DD links!!
Great info thanks! Sorry I didn't read this before I posted. Is this info updated monthly??
I agree!! In the penny stock world volume like we had this afternoon usually means something leaked. I don't think we hit 4 million shares traded at lunch, this meant we had almost 17Mil in the afternoon. I know I've read here the OS is around 750 Mil, are all the shares in the float or are they still holding some. Anybody?? Thanks in advance. Yahoo says 400.97 mil outstanding.
There were 2 102000 K buy's @ 0.0239
With 16 million after 12 noon!!
Last trade 102000 K @ 0.0239
Thanks Willy!!
When I last checked around noon time there was only 4 Million shares traded. What happened??? More buy's than sells??? Anyone.
Don't know!! A nice 150K buy went through at the ask.
This is being slowly accumulated. I like it! A nice buy at the ask 70K +
I think he meant 1 million total!! Not a single buy.
Looks like shares being taken out slow, and another 100,000 went through at the ask!! Steady as she goes.
100,000 went through @ 0.0205
Tigerfish Aviation Pty Ltd (ACN 089 640 504) is based in Adelaide South Australia. Adelaide has a substantial defence and technology based industry providing an intellectual base for the program and long term links to international aerospace industry.
Tigerfish was established in 1999 to undertake R&D on the retracting float concept that was granted a US patent in 2005.
Support for the work has come from
The Sir Ross and Sir Keith Smith Fund
South Australian Government
The University of Adelaide
The local community
Private seed investment
The company officers are
Managing Director - Saxon Rudduck, Designer and Inventor
Engineering Director - Alan Smith, Aeronautical Engineer
Commercialization Director – Dickory Rudduck, Technologist
Good size buy just went through! 300,000+
Added a few more shares today!!
Great DD Brikk thanks!!
Good Afternoon all, just checking in as a new poster and share holder. I have been around the penny stock game for a bit and this looks like a pretty good one. IMHO. Looks like a lot of posters on the board. Im trying to get up to speed on who's who so take it easy with me. Thanks!