Although he looks alone, somebody wants him on the phone.
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When you get "letters to shareholder's" they come from your broker. Not the company. Not the T.A.
Unless you go to the steps to register yourself and obtain the certificates, they have no clue who you are.
The transfer agent doesn't know who the shareholder's are. This is ridiculous. You can not selectively issue "news" in a publicly traded corporation and limit it to certain individuals, shareholders or not. That's flat out illegal.
Mr. Bradley either doesn't understand or he is just trying to kid people.
With each PR and CC that goes by, it is more and more apparent that this is a straight up stink pink play.
I've withdrawn my .005 bid, I still intend to flip this, but I have to see where the next support level comes at.
I had a standing bid at .005 in anticipation of what really amounted to nothing but a T/A play.
I canceled it this afternoon. And sure enough, I think this CC is a disaster.
I'm going to stand back and see what happens tomorrow and then re-asses. I agree with you regarding QASP having lot's of noise still, and perhaps a carrot PR will light it. I'm thinking it has at least one bounce left in it. Hopefully more.
No, that's not exactly what he said.
He very clearly left that door cracked open. Something to the effect of an increase in A/S "only if needed for funding". Well hello??
What am I saying? Left the door cracked? Man, it's hanging open.
No, I'm not a securities attorney, and apparently neither are those advising the CEO.
You can take a company private and keep all the secrets you want. When you trade publicly, you can not disclose information selectively.
That's the dumbest thing I've heard yet.
You cannot be a publicly traded corporation and disclose something to those you choose (such as those who register for the secret web-site) without it disclosing it to the world at large. It's a violation of securities law.
OK, I took a look and now I see you sold 2012s. Not quite as exciting, but still a good deal.
I see DNDN has an implied volatility of 78 and that's why these are so expensive. You sell options to sell volatility, and that's what you've done.
I also see this company doesn't make money. But since the calls look a lot pricier than the puts, someone must think that is going to change.
Thanks, you've given me something to look at.
You got $11 for calls that only have about $3.00 of intrinsic value? Wow, that is a great deal, I'm really curious what the stock is. It must be extremely volatile. Obviously a lot of other people think it's heading up as well.
As long as the stock stays below $35 by next January, that money is yours to keep. Even if the stock does rise above $35, and you get called, you still have made a great deal, because the stock would have to reach a price of $43 before you would miss any of the gain in share price. So you have limited yourself to roughly a 25% gain. At least that is better than a poke in the eye.
Your risk is if the stock gets called it may change the tax status of your gains on the investment in the stock, or if the stock drops below around $21 the loss in the stock value would wipe out the profit you made selling the calls.
My numbers are all rounded off roughly, so no one needs to pick my math apart. Thanks in advance.
Selling covered calls is a great way to add a little income to long term investments.
I'd still like to know what stock that is.
Wow, one would certainly hope that by October Mr. Bradley's head on a platter is not the most requested item at the shareholder's luncheon.
It's telling that the location he is choosing can not be reached without driving past guards verifying your identity. It would be far easier to attend a Berkshire Hathaway shareholder meeting.
I know I would have to give up significantly higher margin. I also would have to pay higher commisions.
I think it may also be problematic because there really aren't "shares"
in the same sense as stock. Brokers buy "creation units" from Direxion and create "shares" from those. That and the high turnover since these are very actively traded may make borrowing shares tougher. I don't really know.
FAS and FAZ move very closely by the same percentages everyday, so I don't see much sense in shorting either one.
I buy one or the other long, and in times of low volatility I'll buy options, depending on where I can get the most intrinsic value for my money.
You notice that too? Volume rises and share price falls for a couple days after any increase in O/S.
Hmmm.
1. No
2. No
3. Dunno
Thank you for bringing some clarity to my abuse of pronouns.
Now perhaps you can lend some clarity to the abuse of QASP'S loyal shareholders, as pointed out in the post containing my errors.
Share buyback program. LOL.
That is the number one issue which needs to be explained in the conference call. None of the rest of the stuff he has said in any PR can actually be verified to have or have not happened for real. Really, just know way to know. Yeah, Atlantic has four old airplanes, and a very nice modern flight simulator, but is not a Certified Flight School. Corporate Air Repair employs some mechanics, but is not a Certified Repair Station. We have no real numbers. We really know nothing about anything, beyond trusting what is said in PRs.
The only number we have is the Outstanding Share Count. Depsite repeated announcements of the share buyback program, the huge increase in the O/S count is the only number we really have in concrete about this company.
Since the effectivness of the share buyback programs looks at best a little "questionable", it has to cast a degree of doubt on anything released in any PR.
Share price is far closer to .005 than it is to .015, the level it was at only a month ago.
I and I'm sure others would like to know how much impact the comments on a forum can have on a company's worth.
Reversal? It's not even trading.
Even if one had got in below .006, I'm not sure one could flip much of a position. Every time any real volume comes in, it takes it into a down tick. I think trader's are scared of this due to possible share re-structure.
Well, looks like somebody "slapped that ask". Looks like QASP has slapped them right back. Ouch.
I think amazing things will probably be predicted to happen right after the share re-structuring, which will be required in order for amazing things to happen.
He could clobber his "investors" with an increase in the A/S, then sue them.
Very interesting PR! Seems that Dean and QASP are tired of having their inaccuracies pointed out.
BINGO!
When a company begins to use on-line chat rooms as an excuse for poor performance, then it is exactly that... An excuse for poor performance.
The postings here are a reaction to the company's performance. Not the cause of it.
Anyone can sue anyone.
The biggest deterent to frivolous lawsuits is that the loser gets to pay the court costs, and can be counter-sued to pay all the defendants costs as well, plus punitives.
Nonetheless, frivolous lawsuits get filed every day.
I view this as just another indicator that QASP is no more than a pink sheet stock play at it's core.
The threats to any who fail to adhere to the "story" as published is just another tool in the pinky tool-kit.
The problem here is not those critical of the "story". The real problem is that the company itself does not adhere to the "story". To blame those who simply point that out is a poor attempt at blame shifting.
I can't understand why the CEO would blame posters on internet chat rooms for the success or failure of his business plan.
Unless of course the success of the business plan depended on generating lots of feel good fuzzy PRs, and then having said PRs interpreted within on-line chat rooms to indicate an investment opportunity the likes of which has never before been seen in pinkie land (except of course for every single other one), and selling new shares into the market with each new PR or price run. Yeah, if that's the case I can see his point. He clearly has something to gripe about.
Do you realize the amount of extra computing power I-Hub would have to add to prevent a system crash if such a feature were enabled?
The rush to add MoronMarks might even bring down the entire internet itself.
This is a good post. It really does go to the heart of the matter.
QASP is a publicly traded corporation. The vast amount of money QASP has generated and gone to who knows where has come from the sale of stock shares to the public. To initmate to the public that the public needs to mind it's own business regarding research into the activities of this publicly traded corporation, is... Well, draw your own conclusions.
This company owes the public an audited financial statement. From a moral perspective at least.
I have been in stocks where bears have actually KILLED deals...
I like this kind of thing: http://jacksonville.com/2010-07-12/story/kids-have-fun-jacksonville-aviation-camp
I don't like this kind of thing: http://www.marketwire.com/press-release/Quasar-Aerospace-Industries-Inc-Issues-Update-to-Shareholders-1291101.htm
I don't see any conflict between those opinions. None at all.
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I see that. Now that is a real change.
Getting closer and closer to my buy in point. But share re-structure is looming large.
Arggh! This is never easy!!
Look at the market. You can actually type that with a straight face?
I mean, how many times does this guy have to whack the investors with a two by four before they wake up?
but not to become involved in it
Yeah, O/S went up what was it? 30 million yesterday. He will be slowly pouring those into the market the next couple days.
It could be that he was hoping a PR would give the price a little more support than it has so far, while the share bleed takes place.
Yes, that is why I use the term drift. But the trend is toward maxing the O/S. And that is a red flag danger for me and my strategy for QASP.
I kind of wish they would just get the share re-structure over with.
I think that is probably as reasonable an explanation as any out there.
Well then, here's a question: Why does the O/S continue to drift higher with all these share-buy back programs in place?
You asked who was selling shares. I thought the increase in O/S might provide a clue. Just trying to help.