Although he looks alone, somebody wants him on the phone.
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Well yeah, you can't chase the bid.
I've worked out what I think is the likely range this will trade in moving forward, and stick with it.
It's way better to miss a ride up than it is to catch a ride down.
Look at this line right here:
To all so called conventional bankers especially (IHUB =Anvil), you are welcome to study my financing structure for the QASP deal for free.
Hmmm, a similar but different e-mail address. Kind of a gun slinger attitude. Comprised of a lot of sentences that have been posted here previously. E-mailed on a Saturday to a poster on I-Hub rather than being released through normal channels. After Mr. Bradley has said there is a lawyer ordered "black out period".
Is there a smell wafting up from this.
Rot Row Rworge!!
I thought we were in a "black out period per the lawyers". http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51713839
What's Newby doing shooting off an e-mail like that this morning?
Someone ain't being square.
So Newby is being given the silver handle which will flush all the equity down the toilet if the loan fails to perform. That is to be expected, but I hardly view it as good news for shareholders.
Really, only two lines in the Newby post have any meaning:
This has been most interesting and I look forward to further educating the conventional and soon to be out work bankers.
Remember the name NEWBY & ASSOCIATES, INC. I have a feeling the WORLD is going to take notice after QASP.
That's very interesting.
Even in the world of real stocks. I'm suspicious of earnings multiples influenced by M&A and LBOs. A lot of the biggest and most famous now reside in the dustbin of history at best, former CEOs reside at the taxpayer's expense in the worst examples. This is one of the reasons that I view Mr. Bradley's bsusiness plan in a very skeptical light.
The hodge-podge of FBO and aviation activities plus aerial services that Dean is assembling are low-growth competitive asset-intensive operations.
You mention the morning reversals, and that's important. I have had some of my best days with FAS/FAZ by buying the one that crashes in the first hour or so of trading.
But you really have to be in tune with the day's news to be sure that the crash isn't justified by some major sentiment shift.
I was only pointing out that Atlantic Aviation (QASP's Atlantic, not the real one) doesn't even qualify as a mom and pop airplane gas station.
The fuel at Herlong is handled by the airport authority (a government agency). Normally this is only done when there is no private operator based on the field capable of handling it.
Those that think Dean is opening a Mom & Pop airplane gas station don't have a clue.
This is the whole point. The company purports itself to be something it is not.
Since they are not what they say they are, it calls into question the validity of everything they say they will be.
It's really just that simple.
Sure. Don't we all want that? But you've got to be realistic.
Don't worry, it'll get there. Be patient.
The worries start once it does. It's just so hard to get back to even once you are down in a micro-cap.
I picked .005 because it's just a little lower than the previous low, and perhaps there will be a pop from there.
Share re-structuring is the wild card. A/S is almost exhausted.
"What if Dean says sorry I missed the 30th but will have money by July 4th?..."
The flaw in your thesis is to blame the company's woes on I-Hub posters.
The sad reality is... It's the company itself.
That's an Embraer 175. Actually very nice jets from a pax perspective.
Hey maybe Dean is going to buy Brazil. I mean at least it's as likely as anything else he's going to do, right?
You mean what the web-site calls the 'multi-million dollar facility" at Herlong? With a beater Skyhawk and Arrow? LOL.
You think he would be keeping that a secret!
Oh man. The Kool-Aid is a little stronger than usual today.
This is not even as low as it was just a month or five weeks ago. It's retracing. This is completely within the range of movement you would expect. It will set a new lower low, followed by another lower high.
Don't try to time it. Just set your bid and let it come to you.
I hope not. I'm buying at .005.
Once you are down in these, it is so hard to get back to even.
They aren't willing to look at or even acknowledge the yawning chasm of debt that FNM/FRE represent.
Until they have done that, financial reform is a bad joke being pulled on the citizens of the U.S.
I never hold FAZ or FAS overnight if I'm up. If I'm down, I'll hold, I nearly always will get it back.
I've been on the sideline lately with these. I want the government to just get this Finreg crap done, so that these become a little more predictable.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51694808
I've been kind of holding back from FAS and FAZ while this whole Finreg thing has been going down. The uncertainty it brings makes these too difficult to play.
I think once Finreg passes, you'll see financial stocks pop on the "reduction in uncertainty".
Goldman Sachs never wanted to be a "bank" anyway. That was just something Geithner, Bernanke and Paulson jammed down thier throats, so that they could jam TARP at them for a back door bailout of AIG. And the irony is that Congress has been trying to punish them for it ever since.
I just want to get back to being able to play FAS/FAZ as economic data comes out. Having to calculate the Congressional stupidity factor makes this just too difficult.
Exactly.
And don't blame those who think that a bid at .005 to sell at .010 don't have a valid reason to be here also.
Well, it's not false. I'm sorry. I can't offer you any more than my word on that.
There is a wealth of information on-line regarding "bogus aircraft parts". And I must be honest, I do not agree with the FAA's position. But I must live with it. And so we all must when we try to value those helicopter parts that QASP has bought.
Different helicopters. As I understand it, these are H-1 parts. Around 1960 or so. 50 Years old.
Nope. The Marines are not.
Ummm, sorry. I do own aircraft.
I'm aware of how difficult it is to certify old military parts for installation in civil aircraft.
That's my whole point.
Uh, the Navy may be flying 30 year old helicopters, but no Hueys.
Sorry.
Yes, these are H-1 parts right? First generation Hueys. That's what I have picked up. Please correct me if I'm wrong.
I'm thinking more in the range of nearly 45 years old.
They are declaring the value of those parts at current list price for new. In reality, they are probably worth maybe a nickel on the dollar.
Re; "Gray market helicopter parts".
No, not Iran, they are from Israel. But here is the irony, during the period that they were manufactured and exported, Israel and Iran enjoyed the same status regarding military exports. They both were favored Nations.
Of course, that all happened before the Shah fell.
Except on public use aircraft, those parts are ineligible for installation on certified US registered aircraft.
Dean got took.
Yes, you are very correct. Drilled down and legitimate pointed questions.
About the business they currently own: What they represent them to be versus what they actually are.
There is a discrepancy. They need to address that.
Atlantic Aviation represents themselves as a certified flight school. They aren't.
Hmmmm. Link Please. TIA!
In the mean time, QASP is set up to be the most epic play of 2010 and 2011. If you are holding from now until 2011, you will make 50+ times your money at some time before. All of us here know this.
This really isn't a drop. It's still well within the "flag" it has been forming in June.
Anything above .016 or below .012 would be a breakout, and might signal the begining of a real move one way or the other.
I gotta agree.
It should bounce off of the .005 area, hopefully with some force too.
Today is way too soon though. Sometime in July I think... Patience.
Yeah, still well within the recent trading range. Need it to break the .012 floor, then look out below.
LOL. See ya'll in Jacksonville in August!
I'll wear my Groucho Marx glasses and nose so you won't recognize me.
Goodnight.
QASP at .005 may never happen, but I'm guessing it will.
My point is: I would rather sit on the side and wait for a new low, than buy it high and wait for a new low.
This thing probably has a few big pops left in it... In fact, I'm sure it does.
I hate to be repetitive, but here goes: I would rather miss a run to the upside than catch a ride to the downside. You mess with the Stinks for a while and you'll come around, you'll see what I mean.
.005?
It's hard to say when it will happen. It may take quite some time.
Like I said, I would rather miss a run, than catch a fall. Buying at a new lower low helps my chances.
I've decided that this company is just another Stink Pink, so I'll play it like one.
Look, it's just my strategy. Unlike the "longs" here, I do not insist that anyone follows my line.
I fully respect other folk's positions.