Although he looks alone, somebody wants him on the phone.
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I had many chances to sell for profit
The lenders are requiring a standby letter of credit which is fully funded by cash, and not cash equivalents.
This is a little like walking into a car dealership, and applying for a $20,000 loan. The loan company looks at your credit, and then says: "Sure, we'll loan you $20,000. Just have someone we trust deposit $20,000 cash into an account that we can claim if you fail to pay, and we'll be happy to loan you $20,000."
The whole episode tells me that the banks have looked at the deal, and find it 'not so hot'.
I appreciate that. It may not reach my buy in point before the next run higher. It is part of my risk equation, and is an acceptable risk for me.
In my own mind, it is far better to risk missing out on any run than it is get in too early, and risk having your money go away. Once that happens, all you can do is absorb the loss, or get stuck holding and hoping some of it comes back while the share price bumps along at a level where you should have bought.
If I was a "long" who had rode this down to the current price level, I would be be hanging on and hoping, certainly not selling. Unfortunately that is a rotten position to be in, and while I can have sympathy for those folks, it still does not make me want to be one of them.
Simple terms: I would rather risk not making money, than risk losing money.
I think that is most likely the form it will take also, just because it is far easier to do it that way.
But he has been prepping the flock for a Reverse, so we'll see.
Well, look at it this way. It's always a big risk to play in pinks. But there is big reward to be had also. That's what makes it worthwile.
So what do I want to do? I want to buy when the risk is lowest, and potential reward is highest. So I try to get in these when they set new lower lows. Is there a risk they will go lower? Of course there is. But it is less risky than when they are on the run to the upside.
June 1st was a very bad time to get in this, very high risk then. Right now, hey, not so bad.
The extra risk factor which is in play at the moment and scares me though, is the share re-structuring. It's probably not wise to buy while that is looming.
Probably much lower than .005.
So when does the share re-structuring come? I'm thinking early next week.
I'm also thinking of moving my buy in target from a set number (.005) to whatever support level it finds after the re-structure.
I'm bidding .005 for QASP, but I have to be honest... The very real threat of a share restructuring here has me scared.
All stink pinks flush shareholders at this point. The difference between A/S and O/S has grown dangerously thin.
I'm sure he's very busy. Gotta get that share re-structuring done.
The A/S is about to get expanded, and I'll guess rather significantly too. I may have to hold off here, and wait to see where new support forms after that happens.
If there really is a "blackout period" then there will not be any legal shennanigans pulled with the stock.
You realize that "blackout period" has nothing at all to do with news and information.
This program is a key venue allowing for a live
demonstration of the Mineseeker technology to a worldwide audience.
I'm thinking that silence from the company will be the story until A/S is raised.
I mean, if you really think about it, there is no incentive to pump it until you have shares available to dump into the pump.
I'm still holding out for .005, but the A/S increase is the evil joker in the deck. No telling when it will get dealt.
OK, I'll bite. Where do you get the connection to the Eclipse 500?
This is not a media event.
There will be a launch and many diginitaries will be there.
Sure, I suppose so.
In fact, I'll even bet that the FAA's website uses the same lousy search algorithms which consistently fail to produce any evidence of QASP subsidiaries having any FAA certs.
That must be the case, sure.
There is a search feature for the Croatian Times, look in the upper right hand corner.
http://croatiantimes.com/news/General_News/2010-05-17/11029/_887_square_kilometers_still_left_to_demine_in_Croatia
I can come up with more evidence that Milosevic was behind the death of Superman, than I can find any evidence of these Mineseeker trials taking place.
It just seems to me that if QASP is conducting these important trials, it would be worthy of a mention by the local newspaper.
How is it that the Croatian Times knows nothing about these fabulous demonstrations going on?
It is the same pattern intra-day also. One exception was at noon Eastern time today. But for the most part the up-ticks are on tiny volume, and the larger volume seems to be associated with down ticks.
When we see volume with the up-ticks begin to be the consistent pattern, then we may have found this particular bottom. I'm thinking that will be my buy signal.
Bid-ask spread was pretty wide all day today. Not very inviting for flipping.
Just like the King Air doesn't have structural points, such as the Jack points/screws underneath
the marine reserves still don't fly hueys, which they do
Atlantic Aviation isn't allowed to train students, which they are by certified instructors,
but are on the waiting list for Part 141.
Except for flight instructors and authorized inspectors, who are individuals not companies, FAA certificates do not have expiration dates.
Am I the only person who finds it curious that the Federal Aviation Administration has absolutely nothing on any of the parts of this "Aerospace Conglomerate" operating in one of the most highly regulated industries in the United States?
No, open the drop down box, and select "FAR 135". FAR 121 is scheduled carriers. Of course, you can look under each FAR if you want. You won't find them. They hold no certification.
But the James Ray thing is the aircraft manufacturing arm of this "Aerospace Conglomerate". Unfortunately, no evidence that they exist can be found outside the I-box here, or various fluff filings with Sunbiz.
That is not a valid FAA certificate number. And FAA certificates do not have expiration dates.
Find it in here: http://av-info.faa.gov/OpCert.asp?SrchBy=Location
About as much as Richard Branson. I wonder if Mr. Ray even knows he is the 'president' of Quasar Aircraft. Since there is no evidence that Quasar aircraft exists, one has to wonder.
In the one CC, where he gets a little excited and says something to the effect that shareholder worries over dilution were ridiculous, and that dilution didn't matter.. That's when the sheep skin slipped a little, and we got a peek at the wolf underneath.
No, that is dead wrong. That is the exact wrong way to play the pinks. You buy these when these when they hit a new lower low, and you sell, SELL, SELL! into any pop in price.
When you buy a pink in rally mode, it's 100% sure to burn you.
Just think of it as paying 'tuition'. You have invested in knowledge.
So, it's not a loss at all.
No, agreed. You don't want to sell it down here, in fact this is within .0018 of my buy in target.
Sell it at .02.
Reverse merging into the existing public shell of a previously failed company (in this case, Equus) creating a buzz and selling shares into the OTC market is a fairly common type of scam.
There is really nothing illegal about it, but that still does not make it legitimate.
The Branson connection is part of the hype.
If Branson wanted Mineseekers, he would just have it. Already. Done deal a long time ago. Instead, the non-profit humanitarian side is getting rid of it.
Branson views this as a humanitarian effort, not as a profit maker. The hype and hoopla here make this out as a big money maker for QASP, if only we can ever borrow the money to buy it. Obviously, if Branson doesn't see it that way, then I'm not sure I do either.
QASP is a straight up stink pink play.
The bad is all about people hating, and the good is all about people hoping.
If Mineseekers was really going to go well, Branson would have sucked it all up, and made it all his own quite some time ago.
No, no they didn't screw up at all. They began releasing PRs hot and heavy along with the conference calls in May and June. All the excitement quadrupled share price at the same time they were hosing the remaining A/S at the market.
They actually did a really great job, you really have to hand (your money?) it to them.
As are they all.
I'm watching QASP because it still seems to have some "action". Ultimately this will die away to the flat line triple zero graveyard, but I really do think it still has a few runs in it.
I'm not in yet, still waiting in the weeds.
Really? You're either rich or involved in the industry. I'll be at Oshkosh.
Work, not fun. Well, I may have a little fun. I'll be on the lookout for any QASP marketing going on.
You could come to that conclusion by looking at the website. The pictures that are displayed might infer that QASP is involved with Embraer.
It doesn't look like it: http://www.smartregister.co.uk/events/F-Air10/adminlist/#
And with a new VLJ and training aircraft being developed, and the Tigerfish system, it's a shame that they are not making it to Oshkosh either.
Actually, outside of a couple rinky dink operations at Herlong field, it is very difficult to find any evidence that this "Aerospace Conglomerate" actually has any active participation in this industry.
It's stil acting just like it did all last week. Upticks come on little volume. When volume does step in, it seems to take it down. The only exception to that pattern was late Friday afternoon.
Just trying to wrap my head around what that means.
I'm not saying that they aren't. In fact, I applaud their actions. I think that it is fantastic work.
What I am saying is that I think that this stock has a chance to go from current levels, up to maybe two cents or so. Then I'll have to get out. I expect it to continue to revisit lower lows as time goes on, interspersed with a few exciting run ups. At least I hope so. It's early in the Pinky life cycle.
If you want to choose to believe QASP taking out loans to invest in a spin-off of a charitable organization completely dependent on donations from the well to do, and United Nations grants, is going to make the owner's of an OTC traded, reversed merged into, stock shell rich; then go ahead.
Because, quite honestly, my plan to play this stock requires your presence to be successful.
Not quite. I don't think realism has anything to do with "sides".
Analyze the facts about QASP. Can the emotions.
What are the factors which will move this up?
What are the factors which will move this down?
The "story" behind this is a non factor. This is just another Stink-Pink play.