Although he looks alone, somebody wants him on the phone.
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LOL, that's fine. I understand that.
How do you beat the conundrum that 141(b) and 141.7 present? It's darned tough to get these certifications. Real, Real difficult, and my hat is off to anyone who can do it in today's regulatory climate.
But my origional point still stands. It's you that needs to read 141.3 and 141.23
No reason in the world that your instructors can't train under Part 61... Of course they can. But under Part 61 you are not operating a certified flight school, and you may not advertise that you do.
AA, sure of course, my mistake.. Duh!
You don't have to do my homework, I know the rules. And that's why it irritates me to see someone "bending" them.
Again, until they are certified (if ever) 141.3 is the ONLY rule in that subpart that applies to them: "No person may operate as a certificated pilot school without, or in violation of, a pilot school certificate or provisional pilot school certificate issued under this part."
On the web site they say they are a "certified flight school", a violation of 141.3.
I presume you mean American Airlines? I doubt you need a CFI to be an examiner there, but I don't know. I don't have access to their training manual.
The only regulation that applies here is 141.3: "No person may operate as a certificated pilot school without, or in violation of, a pilot school certificate or provisional pilot school certificate issued under this part."
The fact that they call themselves a certified flight school when they are not is a direct violation of FAR 141.3, there is no "license applied for" caveat in the rule.
Training under Part 61 is a different deal, but then you are not a certified flight school. FAA, DOT and the IRS are picky about these distinctions.
Again, my point is, they are fast and loose with the regulations on the operations side. How finicky are they on the financial side?
OK, here's my point. You have an aerospace conglomerate and I can't find one single shred of evidence that they or any of the subsidiary companies have any type of certification from governmental regulators here in the U.S. or in Tigerfish's case, in Australia.
Now this is in a business that is one of the most government screwed down, highly regulated industries there is. Right to the point where it is nearly impossible to make money in aviation.
Now if they are fast and loose with the government on the operational side of the business, just how fast and loose can they be in the almost completely unregulated, Wild Wild West of the pink sheet OTC world on the financial side of the business?
A flight school cannot be certified under Part 61. That's for certification of Airmen. A "school" must be certified under Part 141.
They specifically call themselves an "FAA certified flight school"
But I can't find any evidence of that.
OK, so they are advertising themselves as a charter operator in several places. But none of those entities show up as certificated by the FAA.
D003727 D004101 are not valid certificate numbers. Air carrier certificates are eight charachters long.
OK, "Sklauble" this question is addressed specifically to you:
On this web page Atlantic specifically claims to be a "certified flight school": http://www.atlanticaviationinc.com/stud_services.html
Why is it that they do not show up in the FAA's database? http://av-info.faa.gov/PilotSchool.asp
Atlantic Aviation bills themselves as an Air Charter operator in this ad: http://www.airnav.com/airport/KHEG/ATLANTIC
A search of the FAA database shows no operating certificates for this company under any of the operational chapters, in particular Part 135 which would be the appropriate chapter: http://av-info.faa.gov/OpCert.asp?SrchBy=Location
How is this not a violation of FAR 119.5?
Then please explain why the number of outstanding shares keeps rising.
Why don't you actually READ the PR. You will note that this loan hasn't happened yet. It is contingent upon delivery of "investment grade collateral" Just exactly where does "investment grade collateral" come from, since the A/S is nearly gone. (Not that stock in an OTC pink qualifies anyway).
"Once the investment grade collateral has been issued, the Ten Million Dollars ($10mm) in loan proceeds for Quasar Aerospace Industries, Inc. (QASP) will close within 7 banking days. This first commitment of assets is expected to close within the next 5 business days from today, June 1st, and the investment grade collateral will close within 5 business days thereafter."
I for the life of me can't understand why some here seem to think the introduction of venture capital is a good thing anyway. It's ALWAYS bad news for shareholders.
Introducing the need to list on an exchange serves the purpose of preparing the flock for the next step in the shearing process... the dreaded Reverse Split.
It gives them cover, because now they can say they are forced to R/S, not because they want to dilute shares further, but they are forced to by listing requirements.
You'll get the R/S, but then, doggone it, there will be some unfair reason that the listing can't take place. And then along comes some unfair reason for the A/S to begin to balloon again, and some unfair reason (MM manipulation, evil short sellers, whatever) for the share price to resume the dreaded march towards zero.
This is just the natural life progression of a stinkie pinkie.
Nothing I have found here has dissuaded me from my first quick off the cuff observation that QASP is a stock dilution machine. I did some research, and it led me to ask four questions.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50751716
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50752346
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50752605
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50752849
I apologize (insincerely, of course) for that post on the other board, but I made it some time ago and I think it is off topic here. Let's keep the D.D. on QASP. You are wasting your time doing D.D. on me.
I have asked a series of questions today. Let's just stick to that. Anyone got an answer for them yet?
I posted that before I really did any research, and it was based entirely on my observation that QASP was a stock dilution machine, I was not looking at the business itself.
Re-read my posts of today. Having looked at the business, I am asking questions about QASP, and the various businesses they are purporting themselves to be involved in.
Perhaps you can help me by providing answers to the questions I have asked.
I'm sorry, the Cessna 404 N313R does not belong to this company, and also no longer appears to be operational. My mistake.
Well, gotta get informed.
Looks like this company owns five airplanes.
1978 Seminloe N160PS
1975 Cessna 404 N313R
1978 T-Tail Arrow (hot weather runway hog!) N72MH
2003 Skyhawk N440FA
And a 1956 Bonanza (Hard to find parts for that old E-225, and nearly impossible on that Beech prop) N35FP... This is a classic, not a workhorse.
"Wrong, no venture capital is invited."
It's right there in the ibox. Here's what it says:
May 27 ,2010 The CEO of Quasar Aerospace Industries, Inc., Dean Bradley, announces that Newby and Associates has acknowledged that its institution is in receipt of the necessary Quasar Aerospace Industries, Inc. stock to secure the necessary bridge financing of $500,000.00 which shall cover expenses for the investment grade collateral securing the first $10,000,000 loan. This statement confirms the Press Release of May 24, 2010 wherein it was stated that $5,000,000 of the $10,000,000 will be used to cover expenses for investment grade collateral securing the $100,000,000 loan.
Why is it that "Tigerfish Industries" does not appear on this list of Australian production approvals? You'll have to scroll through the pages, or click 'last' and work backwards.
http://www.casa.gov.au/scripts/nc.dll?WCMS:PWA::pc=PC_90512
I am in the process of doing exactly that... Tightening up my D.D.
In any case, it appears you are moving to pass judgement without being completely and fully informed, which is a recipe for mistakes.
Thanks, that's good advice. I'm not passing judgement. I am just trying to work on becoming fully informed. That's why I'm asking these questions.
Why is it that "Atlantic Aviation" one of the entities owned by this conglomerate does not appear on this list?
http://av-info.faa.gov/PilotSchool.asp
You will have to enter Jacksonville, Florida in the search feilds.
Not that independent flight instructors can't teach on their own... They certainly can. But Atlantic Aviation seems to present themselves as a company engaged in the business of being a pilot training school.
Kind of easy to confuse them with the real Atlantic Aviation too. I'm sure no obfuscation was intended.
http://www.atlanticaviation.com/default.aspx
Sorry, just doing a little D.D. on my day off. I haven't found a reason to buy this stock yet. I'm still looking.
Seems the biggest news going is that venture capitol is being invited in. Not sure why that is being viewed as a positive development. It's nearly always a death knell to the value of current outstanding common shares. There must be something I am overlooking here.
Why is it that "Corporate Air Repair" one of the entities owned by this conglomerate does not appear on this list?
http://av-info.faa.gov/RepairStation.asp
You will have to enter Jacksonville, Florida in the search feilds. It is not necesary to enter rating types.
Not that independent A&P's can't work out of a hangar... They certainly can. But Corporate Air Repair seems to present themselves as a company engaged in the business of being a repair station.
Where is there any evidence for the existence of this VLJ beyond heavy hints?
The way this process generally works is that a design is proposed, and customers deposit money upfront to finance design and development in exchange for significant discounts upon delivery. In other words, marketing precedes development. Post some marketing materials.
FAA certification is an open process, find an application for type certificate approval, production approval, applications made under orders 8100, 8110, 8120 etc. These should all be under public domain, obtainable from the FAA.
Development of these is usually followed closely in the trade rags, AIN, B&CA, Flying, AW&ST and yes, even Popular Mechanics.
Find a link to THIS guy's VLJ. Links to other peoples VLJs don't count.
A downgrade to France's credit would cause the Euro to drop a lot further, so maybe that story isn't finished.
http://www.reuters.com/article/idUSTRE64R35J20100530
I don't disagree with you about the Euro driving markets, but it's effect is overblown by the media, and for stocks it is already priced in.
It's the stuff lurking just under the radar screen that has the potential to drive markets going forward.
California, Illinois, and New York represent a much larger debt crisis than the "PIIGS" and it is being completely ignored by the media and the markets. And this kind of stuff really scares me: http://www.reuters.com/article/idUSTRE64T21820100531?loomia_ow=t0:s0:a49:g43:r4:c0.053061:b34516988:z0
There it is.
In the post I am replying to, when you roll over the word account (which appears as a blue word) Antispywaresoft tries to install. The file was 'qgtepi.exe' which I'm sure is a randomly generated string. I still can't tell you what ad it was, I just wasn't fast enough to catch it.
I'm on a different computer than the one that got whacked last time.
All you have to do is look at the increase in outstanding shares in 1Q. No IF about it.
All the while telling the baghol... Oh, sorry, I mean Investors that there was a share buy-back program in place.
That's what I mean't with my comparison. Honest as the day is long. Generous to a fault. And a financial wrecking ball.
There is no reason on earth that the Euro can't go to say... 75 cents. "Oh, that will make oil too expensive, and that will hurt our economy." No it won't. The eurozone produces no significant oil, Britain and Norway don't participate in the euro.
So yeah, I'm thinking the month of May was an overshoot to the downside, at least in regards to the "euro crisis".
But I'm wrong about an awful lot of stuff.
Thanks for that link. That's good stuff, I hadn't seen that particular blog before and you've given me some good study material.
A friend of mine encouraged me to get into options last year. For the longest time I couldn't figure out why I was getting kicked in the head even when I was right. Then I went to a seminar with Tom Sosnoff and some CBOE guys in Chicago. They talked about implied volatility and it's effect on options pricing. It was like getting the veil ripped from my eyes. I had been fighting decreasing volatility all last summer and fall, swimming against the current. I stayed away from options until the VIX got below 20 again, and finally my positions began to work. On the ride back up in May, it was easy money. But now that the VIX is high again, options are off limits for me.
I think you have to post a certain number of times without getting messages deleted, and they will raise your limit to 15 per day.
Not implying anything is fishy with this company.
I listened to the conference calls.
How come Wilkins Micawber comes to mind?
>"ZERO" -- this generated an exaggerated "buzz" it is an OTCBB stock that ran up some EOD today
Now that is an interesting observation.
If it hadn't been for the euro and Fitch downgrading Spain, I think we would have had a mildly positive day.
Oh well, that's how it goes.
I'm all out for the weekend, and there it goes, straight down the chute.
Damn.
It's a pretty big piece. Goldman trades with a P/E of around 6, and it's one of the reasons I favor FAS over FAZ for the very near term anyway.
Here is what FAS consists of today, you can open this is any spreadsheet: http://www.direxionshares.com/holdings_fas.csv
Just goes to show what a little bit of news can do on a light volume day. I think (hope?) we saw the low there. It's going to be hard to break even on FAS today, but it might still be done. I still think there will be some buying (short covering) in financials at the close.
I guess there are ways to play the VIX directly, but I don't.
I just use it as a gauge for implied volatility. For example, I would rather buy FAZ puts than FAS itself when I think RIFIN is going up. And I want to buy them with a Delta of just under .9. Right now to do that, you would have to pay about a $1.10 of extrinsic premium. As volatility drops, so will that premium, and that will reduce any profit you make if the price goes your way, or increase any loss you may have if the price goes against you. In fact, with dropping volatility, you can lose money even if the price goes your way. A real lousy situation.
But if volatility rises while you own the option, you get the opposite effect, extrinsic premium increases, and that can really add to your profit if the price runs with you, and reduce your losses if the price goes against you. If the rise in volatility is quick, like last week, you can make money even if the price of the underlying runs against you!! A fantastic situation!
Since right now the VIX is high, I can't buy options because the probability of volatility dropping is higher than the probability of it rising. With the VIX below 20, options will be safe again. Just have to be patient.
Did any of that make any sense?
I'm not familiar with IXIC.
I'd like to see the VIX drop, so I can get back to my favorite FAS/FAZ play, which is high delta FAZ puts, but it looks to me like it's a being little stubborn around 30.
Back in FAS at $25.25. Looking for a slow drift up day.
If it can move higher, even just a little, perhaps there will be short covering in financials before the long weekend giving this a little kick up at the close.
That's the plan anyway.
Spending and Income don't provide much guidance here today. Too early to pick a direction.
Coming up on a three day weekend, not much may happen.