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Lets not forget the $150M in parts soon to be acquired. That's a pretty hefty amount of assets to be put in the books, even if Quasar only has a 51% interest in them.
"Dean Bradley, the CEO of Quasar Aerospace Industries, Inc., announces that QASP, with two other partners, has acquired the rights to purchase $150+ million worth of helicopter spare parts for $15 million. These spare parts will be shipped from their present location to the Jacksonville, FL area and sold/distributed worldwide over the next 5-7 years. QASP will control 51% of the venture and recapture its $15 million investment plus interest prior to any distribution of profits. Our partners have worked for five years obtaining the US State Department approval which is now in hand."
He is not manipulting the share price to eliminate weak hands. The motives of some of our posters is to do this but I assure you Dean isn't and it is preposterous to make these claims.
Buyback will begin when funding hits. Acquisitions will close when funding hits. Mineseeker will close when funding hits. Tigerfish will move forward when funding hits.
It makes absolutely no sense for Dean to risk everything by manipulating the share price and "scare" weak hands out.
He will begin buyback in ernest when funding hits. What the share price right now is has absolutely no bearing on buyback.
LMAO. Dean needs the funding, without it we go no where. Period! No amount of news changes that.
This thread is the least of his concerns. Truth be told he probably wishes there was no thread because I am sure it brings him nothing but grief. Even Kendrick had to ask him to try and get people to stop pestering him.
His moves are based upon the idiots in Chicago being unable to deliver the funding. Everything to date has been a result of necessity in an effort to keep the company moving forward while he waits.
So you think Dean reads this board to determine what to put in his press releases...lmao
What people really need to understand is that there is no intelligence requirements to posting here. You don't even have to own shares of specific company to be able to post.
Who are the ears in our midst? I would like to know because they are doing a terrible job of letting Dean know what we want to hear.
I wish the morons in Chicago read this board. I have a thing or two I would like to share with Mo, Larry, and Curly about the horrific job they are doing getting Dean the funding.
Details of this acquisition, or lack of details, is insignificant. It is just one small piece of the bigger picture that he has locked down. The bigger pieces will be disclosed when the money hits.
Nothing else really matters anymore. Funding equals payday for all of us.
Price is not being manipulated, especially for buyback purposes. That's ridiculous.
The last thing Dean wants is the price to drop even more because if he has to sell more shares to pay bills the group buying them get more.
My guess is these pr's we are seeing are his attempt to keep price stabalized while he waits for funding which he is convinced will hit at any moment. The problem is that it has yet to materialize so these gambles with released timeframes are coming back to haunt him.
He is trying to feed the dog but it keeps biting him.
Dream on. Dean doesn't read this board and anyone who has talked with him knows his contempt for "bloggers" as he calls them.
The only culprit here is the stooges in Chicago who have been stinging him along with the funding.
When it comes all will be forgiven.
Pivotal, hardly. I don't expect this acquisition to be that pivotal. More than likely just another key piece being moved into place for the conglomerate.
If he had the money in the bank then it is unlikely it was a huge expense because we all know where his cash has come from and there is no way he has built up this huge war chest of funds for a monster acquisition. The monsters get closed when the funding comes in.
So todays expected press release can come out at any point and we shouldn't be screaming the sky is falling because it didn't come out during market hours.
And since Dean was in the office today for this closing it isn't looking to promising that funding is coming in this week either.
At this point, what's another week?
Hey lenders! If you are wondering what that nasty smell is, take a look around to see where your head is.....
and Mineseeker and Tigerfish updates....
None of it matters anymore until funding comes in.
Paging nimrods in Chicago......Release the Funds!
Why, because when he is forced to dilute each week to keep the doors open, the higher the price the fewer shares he has to give to his private financers.
I guarantee you there is nothing he would like more than to put out solid news and light the fuze on this thing. But as long as this inept financing group keeps dragging the funding out week after week, Dean's hands are tied.
There is no ulterior motives here to keep price beaten down. Investor confidence will soar when the money hits. Until then we continue this dance.
Please stop leading people on. Numerous people have been told they were having web site problems and to insinuate it is being revamped to show all acquisitions is wrong.
As for funding, volume and share price tell the truth on that.
Bashing and pumping at the same time, what next.....
As soon as the money hits we get our answers.
You don't own any shares and haven't for almost a year so what would you take him to court over?
Talk about lack of transparency...lmao
When funding FINALLY comes in we will get all the transparency from Quasar we need....
much longer.
I got a bunch at .048 once (ouch!)
Still gottem to..lol
I see Yahoo is finally showing Fridays news.
http://finance.yahoo.com/news/Quasar-Aerospace-Industries-iw-2279194530.html?x=0&.v=2
And lets not forget $150M in assets is pretty sweet as well especially since they will be paid for up front and have no future debt tied to them.
How can you blame the company?
News was released through marketwire. Somehow they screwed it up and didn't put it out to the entire market.
I was hoping to finish painting our pool but Dean made it rain here all weekend.
The audacity of that man.....
I think you expressed some very legitimate things and I truely hope Dean steps up to the plate next week and brings many answers to us for these questions.
The time for vagueness is past and hopefully todays news got all the diluted shares purged and into the market and next week is the dawn of a new age for Quasar and an end to Deans need to sell shares to keep afloat.
It was released through marketwire like all of them are. You can't blame Dean for when Yahoo and the other sites pick it up.
You are right about it not being market makers fault where we closed. They always get blamed and yet it is rarely their fault. Dilution is what placed us here.
Hopefully this news cleared out all the shares Dean sold this week and got them into the market. They probably ended up in flipper hands so now we need to get some confidence here and get them into longs hands.
It will reach that audience you speak of this weekend. Watch the boardmarks rise to confirm this.
Dean doesnt read this thread and doesnt care at all for bloggers as he calls them.
So don't encourage them any more than they already are
lmao
Yep, thats my belief as well.
Yeah I am surprised by this as well.
A pretty depressing way to start the weekend.
Hopefully some of you are right and we do get news tomorrow but I don't expect it. I dont see anything that could have been so sensitive that he would have to wait a day to give us further information, and on a Saturday to boot. Doesn't make sense. He could have waited until Monday and told us everything rather than to bait us today for more news tomorrow.
Next week alot should be coming out.
I am anxious to find out as well. Hopefully number three isn't some cash and a note like the first 2 were. We all know where the cash deposits for those came from.
Logic dictates that if he did have some of the funding in his account the O/S would have remained unchanged this week.
Hopefully next week will answer this and put to rest alot of things.
Yep but my guess is getting these parts is contingent on recieving the funding we are still waiting on. If we had it he wouldn't need cash from dilution this week.
Hopefully he is hinting to us he will finally have the money by Thursdays closing of acquisition number 3.
Yes, sorry.
My guess would be he meant when it closes on the 6th not tomorrow.
Sorry but you misread the news.
"The funding is in our bank for closing Acquisition #3"
Not the $350M we are waiting on.
Still great news since we can expect name of acquisition 3 on Wednesday afternoon.
A bunch of posters said they were bailing today if news didn't hit. Looks like the increase in O/S was enough to get them out.
I bet it is nothing more than that.
Watch us recover pretty quickly.
It is my belief he dilutes as payments become due rather than dilute a big chunk at a time to sit on the cash until payments are due. This has been one of the biggest signs that Dean has our best interest at heart.
He truely believes funding will hit any day and thus only raises cash through dilution as needed, when needed, in hopes funding hits before next payments are due.
It has been well documented that there have been payments to Tigerfish and Mineseeker on a regular, possibly weekly basis. We have no idea what was paid down on Acquisitions 1 and 2 to get them on books. We also don't know what other things he is required to pay to keep all these acquisition options on the table.
The lenders have continued to give Dean false dates on closing the funding causing him to nickle and dime us with dilutions with each subsequent missed timeframe. It is frustrating to all of us but I find it somewhat reassuring he has handled it this way.
The flippers (yes most of our bashers are actually flipping this) and are making a killing because of the way Dean has had to operate. They would have you believe this is your "typical pinky dilution scam". What they fail to tell people is that your "typical pinky dilution scam" dumps all their shares relatively fast over a very short period of time with a ton of forward looking news to keep investors buying. Even the newest of investors here can see that this isn't the case with Quasar.
Its been secured for some time. The problem has been getting it into his accounts :)
We agree (grin)
But the original point of that discussion (from yesterdays post..lmao) was that over 600M shares, of the almost 1B in increases, have been absorbed by investors outside of these penny forums.
Somebody much smarter than most of us believes in Dean and have been sucking up a big chunks of the dilution and keeping the share price above a penny for the most part.
I find this reassuring.
But what do I know? I am boardmark number 32 here.
lmao
600M shares (likely more than that) is not a drop in the bucket to large investors either. Maybe a handful but not the norm. At an average price of .015, we are talking $9M smackers. And more importantly I don't believe these "big" players would be involved here like most of us smaller fish who are looking for a large, life changing return.
Back to the original discussion, I seriously doubt these investors, whoever they are, found Quasar by reading through pinky news releases and decided to drop millions of dollars into it. The perception from just reading the pr's would not be to encouraging and would lean more towards risk than reward. The news doesn't tell the whole story.
It is my belief someone with an inside track on Deans plans has been involved in bringing big investors into the picture. Or maybe it is the group providing this "toxic" financing to Dean to keep him afloat while we wait for the funding. We have no idea how many of these increases have been held by these people. Better yet, they could be selling their shares from these increases and buying personal shares on the dips created from their selling.
Sorry, now I am rambling. The fact remains that these increases in the OS are not hitting and staying in the float right now. If they were then we would have hit triple zeros a long time ago.
Seems to me those folks from etrade reading all those headlines would not be buying if thats all they had to go on.
I wasn't giving Ihub any credit but was in fact saying the majority of the buyers of the recent dilution had to be coming from outside this forum and watching the action seems to indicate some pretty savy investing by some very large investors.
I also cant help but think most investors outside penny forums aren't following headlines for pinky stocks very closely. Especially considering the number of them coming out daily and the history of deception and lies in pinkyland. I am quite certain whomever these large investors are they didn't find out about Quasar from scouring the pinky headlines.
Only when the company retires those shares not when they purchase them.
Dean originally said shares bought back would be held by company for employee incentatives. Wouldn't surprise me if he has changed his plans and is now issuing shares for that purpose. We have not been trading all the shares from recent increaes imo.
Exactly!
O/S has gone up 900M since shell days and Ihubbers can only account for about 300M or so in my ever so humble opinion.
The other 600M or so went somewhere and I guarantee it didn't go to yahooers. The idiots over there hate Dean..lmao.
LOL, maybe we will get our own tv show.
Lots going on this week with Mineseeker and Tigerfish so surely there are many updates to hit very soon.
Come on funding, c7 needs a new pair of shoes
Especially after 15 months, whats a few more days (grin)
Ahhhhhh the sweet smell of success will soon be coming our way.
I think this caught alot of people off guard..lmao
Means some serious accumulation yesterday imo.
Thanks Jinman
"i asked if dbab specifically was buying.. he said they would intermittently (spelling corrected)"
intermittently would be the operative word here and you know very well if he is parked at .006 he isn't buying.
It's one thing to worry about your investment over and over and over and over, but its another thing entirely to try and mislead people to think that DBAB is at .006 because Dean is only willing to buy there. You know thats not true.
Shame on you!