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He is under subpoena to testify at the Grand Jury trial, he is the CEO of the company Dean used to bleed shareholders dry. It's really not that complicated. He had a good amount of information that will be useful in securing an indictment. The target of a Grand Jury investigation is not subpoenaed... lol
Go for it, I had my post for the day over there. I already posted the link in response to someone asking about sanctions available, but not the text of the rule.
http://www.law.cornell.edu/rules/frcp/Rule11.htm
Here you go, there are indeed sanctions, and if this firm filed this joke of a complaint, they should be subject to them.
Looks to me like a clear rule 11(b) violation by filling this complaint.
"(b) Representations to the Court.
By presenting to the court a pleading, written motion, or other paper — whether by signing, filing, submitting, or later advocating it — an attorney or unrepresented party certifies that to the best of the person's knowledge, information, and belief, formed after an inquiry reasonable under the circumstances:
(1) it is not being presented for any improper purpose, such as to harass, cause unnecessary delay, or needlessly increase the cost of litigation;
(2) the claims, defenses, and other legal contentions are warranted by existing law or by a nonfrivolous argument for extending, modifying, or reversing existing law or for establishing new law;
(3) the factual contentions have evidentiary support or, if specifically so identified, will likely have evidentiary support after a reasonable opportunity for further investigation or discovery; and
(4) the denials of factual contentions are warranted on the evidence or, if specifically so identified, are reasonably based on belief or a lack of information."
So I'm trying to workout this awesome business model:
1. Find someone, preferably someone who is as sleazy as me, with big plan, and help finance a merger into pink sheet stock.
2. Promote stock(with posters on message boards) and profit initially from gain and granted stock from promoting merger.
3. Set company up with financing people who will jerk them around for months and only steel their money.
4. Prior to financing falling through and HUGE delusion, short the crap out of the stock and have same posters who promoted the stock now bash it incessantly to help drive the price down.
5. Profit when stock hits .0001 and walk away with bags of cash.
Anyone see potential problems with the above plan?
I think we get nothing but good news at 6 tonight, there seems to be frenzied panic in someone's corner... and it isn't in Jeff's.
Like you attempted to wish us luck by increasing the A/S to 5 billion, R/M and likely dump all of your shares on the backs of the same shareholders?
Sure is a lot of noise and FUD this weekend. People are working overtime, in a frenzy to get people to sell prior to the merger. I wonder why they would do this?
Thanks to Jeff, he is doing what he said he would and we are on the way to recovery. Dean indictment imminent, merger imminent, and some very upset people with short positions imminent ;).
Two weeks till blast off, but we are in the midst of a frenzied attempt to sabotage that launch. Why is that? Legal liability? Are some short and fearing the impending share accounting and price increase? Simple anger and distrust? Who know, but it clearly isn't working. Jeff has the longs support, and we are with him 100%.
Not sure what the goal is bashing Jeff and calling him a scamster is, he would have to be the stupidest one ever to take over the scam he is involved with only to go to the FBI and turn himself in and give them all the incriminating evidence there is. To think that some believe that they can influence the share price by spewing pure fantasy. lol
Sorry Cat, I'll behave around here.
Well look at that, the "dump" didn't cause an all out crash, and now we see the full force of BS being unleashed. It's not working, and they are getting desperate lol
Looked that way, ask is back up. I think we are back to 17/18 by eod.
You know, I can't imagine who would complain about posts supporting Jeff and the merger. I wonder who would complain about that? Now there is a mystery. ;)
I SUPPORT THIS MERGER! OWENS AND JEFF DIGENOVA 100%
I'm ready to vote, also ready for this nonsense to end.
What a mess this is, but the sides are clear cut. We have Jeff who wants to take QASP and bring at least some value to shareholders. And you have Dean and Co. who want to increase O/S and dilute the stock into oblivion. Jail is too good for these people...
I think I know what the majority of shareholders want.
Thanks for posting this, I found this excerpt particularly interesting.
So am I correct in assuming that Dean was working with people to pump QASP to dump over a billion shares with total BS? I think this is clear but I'm unsure on the following:
At the same time people were aware of the this, and were attempting to profit from the eventual crash? Now that it was figured out and stopped before the total destruction of QASP by Jeff, people are freaking out because they are going to lose a ton of money, and may even be in some serious legal trouble?
I would ask on the other board, but I was a bad boy and I'm limited to 1 post per day.
I'm not so sure, they might be held up in a cave somewhere, hiding out. Could be hard to spot.
I agree, we are in good shape. My b-day is later this month, all I want is the merger to go through without a hitch, and Dean to go to jail. Is that really too much to ask? :)
It sort of lines up with the logic of Dean, Josh and maybe Joe? Did they really think they could raise the A/S another 1.5bil and actually have buyers? As soon as investors found out those shares were authorized and available to be sold, we would see the largest dump in QASP history, and be at .0001 with no bid within the day.
They are either compete idiots, or simply want to drive the company into the gound... well further into the ground lol.
Thank god for Jeff, we would be screwed without him.
I agree, haven't felt this good about QASP since my first buy, things are looking up.
Also please note, we had random people come to our board and warn us about Newby as well. Most though it was BS bashing, until... well you know the rest with regard to Q. Just be careful, and question your mgt dealings with this guy.
Newby is scum, do some research on what he did with QA*P.
IMHO one of two things happened:
1. Took money up front, failed to deliver on loans, ran with the money.
2. Was working in consort with Dean(in order to pump share price and dump shares), agreed to pretend to attempt to secure a loan, acted like it fell through took his payment and ran.
I'm not a basher, I abhor them. Just telling you guys about his past, and it smells, bad!
Thank you Jeff.
His update was more than I wanted, and made it clear that Dean has no legs to stand on. We are in a good position to move forward with no further hindrance from Dean, Josh or others.
Again, Thank you Jeff for all the work you have put into this. Without your dedication we would be sitting at .0001 no bid, with an O/S of 5 billion, and no one would be held responsible. These parasites needs to be held accountable, and it seems that time is coming soon.
That would be why there is a grand jury proceedings going on right now, clear fraud, and Dean and Co. are going down.
Sparkling new script is getting broken in lol
It was clear as day, they have to do something.
Talk about panic mode lol
lol, I'm dying here.
This will be my last response, Josh had no legal authority to file the SoS document. Thus, it has no effect whatsoever. Jeff is CEO, end of story.
If I file an SoS document claiming to be the CEO and President of QASP, would I be able to stop Jeff from going forward with the merger until they take me to court? No I wouldn't, and nether can Josh or Dean.
lol I can do whatever I want, and the grand jury has nothing whatsoever to do with the merger. No matter how much you want it to, or repeat it lol
lol round and round we go, where we stop, Jeff knows, not Dean or Josh.
Wrong, grand juries sit for 6 months or more, but they don't only hear one case, they hear a number of cases in that time. A year for a grand jury decision to come back is unrealistic, and would never happen. Expect a decision anytime. Regardless, it has nothing to do with the merger and it will go on with or without the GJ decision regarding Dean.
Also you can't prove ridicules statements like "GJ will decide who is CEO" because a Grand Jury only comes up with indictments for criminal charges, has absolutely nothing to do with who is CEO. lol
I guess I'll have to do a "short" google search to see what the law is pertaining to, maybe I'll find a "sale" somewhere as well!
What new law would that be, and how does it relate to QASP?
I must have missed the previous post, could you enlighten the board? ;)