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I certainly want to share your confidence. Have far less invested, I am sure, but still holding and hoping for daylight at the end of this long dark twisted tunnel. I am sure I am not alone; a lot of longs seem to be holding quietly. After all, what is there to say that hasn't been said?
Thanks for this. I had a question but I answered it myself.
Excerpts from a letter to Dean Bradley
I am a shareholder and, sadly, own over 2 million shares.
I have been with QASP since August 2009 and have endured the endless frustration and tiring wait up to this juncture. Patience has been stretched thin, thinner, thinner still and is finally breaking. I am, at this point in time, more concerned than I have ever been about the wholesomeness of this company and the prudence of my investment.
I have been a stanch supporter of the company and tried to defend Dean Bradley on many occasions. On the basis of information published by the company I invested money that I need for a home, for college tuition for my two sons and so on. I realize this was a personal choice but it was made on the basis of trust. I also invited several friends to join me in this investment, touting the ways it would benefit the world. So it goes. I do not have a lot to lose, yet I feel it slipping away and my life is in turmoil.
While I feel responsible for my own decisions, I also feel duped. Obviously the PRs that have been sent out from QASP have been extremely misleading and poorly crafted, and the other ways that the company has deceived investors is unconscionable.
Despite my frustrations, I appreciate that this was clearly not the way Dean hoped things would work out. I feel sorry for Dean Bradley and his family and appreciate that he has been working tirelessly to fulfill his dreams and that he was always hoping that this would happen. I am sure the money I have lost is nothing in comparison to his losses. It may have been a brilliant vision, and perhaps it still is, but the timing was not so good and we seem to be crashing in a cruel manner. Everyone is heartbroken.
Nonetheless, Dean, I implore you to please consider retiring form the leadership of QASP and allowing those with more credibility to take the reigns at this time. I know this move would appear to be a terrible crushing blow to your pride and to your fortunes, but in fact it might be the best decision you will have ever made. When the Aug 17 announcement that you had appointed a new CEO and CFO was made, before the recent tragic and confusing retraction, stock prices rose, people looked at this as a good move and everything suddenly seemed to be on track.
The most destructive forces in our current business climate are not the various evil economic indicators and the downturn Obama inherited from Bush. Nor are they simply the tightfistedness of the banks and lending institutions, the sourness of the market makers and disgruntled shareholders, nor the poor employment figures we see every day. The single most destructive force is ego. Because of people’s egos, they make huge errors of judgment and act in capricious and damaging ways that cause havoc to others for years to come. Bashers and pumpers both are driven by ego, investors with pie in the sky visions are the same. Everyone suffers. I am concerned that if you act at this time to protect your ego rather than your investors, you will do more harm than good.
XXXXXXXX
Springfield Vermont
I agree with much of your analysis, except I don't put much credence in the notion of waiting until September because it is summer holidays and after labor day is a better time to build the company. The best time is NOW. That is the only time there is always. There is never a day off from company building.
I sense that the new team is surveying their options, planning strategy, assessing the values of things in hand and of the aquis in the pipeline, and re-arranging their offices. I would not be announcing anything to the world after one week in a new job, especially if it is not a firm and finished deal.
I am also not sure Dean was pried out of his chair with a pitchfork. After all, it was his baby from the get-go, so whatever pressure was applied may have been in synch with some of his own intentions. Dean is probably breathing a little easier and is valued as a part of the team, although he may be cranky.
On the whole, I believe this is emerging as a good investment at a difficult time in history, but not without considerable risk. I sense that the new team is less concerned with stock PPS right at this moment, and will be content to let the market find its own level while they focus on funding. Once that comnes through, the market will look seriously at the true value of QASP shares and the value will soar. Probably we will see the tide rising like a Pakistani river. all IMHO of course.
Oddly, no news from the company at this time gives me more peace of mind than anxiety. I think the new direction is going to be much more selective in wording their PRs and in the timing- in other words, we should not expect announcements about funding until the money is in the bank, and that is good business- prudent and appropriate IMHO.
Whatever the cause for the excitement that seems to be happening at headquarters, I can only speculate that it is good news. Wish I had a little dry powder to spend at these low prices and add to my already over-extended position, but all that's left is money I need to put kids through college. Hopefully, such funding will be less of an issue in a few months.
It remains that it is all about funding. The relationship between APEX and QASP is clearly intimate, whether acquisition or merger matters little to me. This deal is all about funding, and based on the silence, the logic that is revealing itself, and the 'vibes', I am more optimistic than I have been in months. go qasp go.
Hasten slowly, and you will soon arrive!
Both Dean and Bradley are common names.
I second that.
And in the next three, six and eight months, you will really see what us longs have been holding out for.
Too funny.
This is a great development!
Here we go, finally!
Still hugely undevalued.
PR tomorrow will confirm this.
After all these long months of waiting, there must be jubilation in Santa Ana.
Now, even if just one of these secondary contacts buys in
we're off to the pennies. IMHO.
My guess is that one will beget two and two will beget six.
It's a domino effect business plan.
Not to state the obvious, but everything hinges on funding and no charting or cheerleading or bashing or buffoonery is going to make any difference. Until there is some hint that funding is happening or we hear that it is a total impossibility, 'Stuckholders' (like myself) are in irons.
Since the gamble is simply whether there will be funding or not, one has to look at what the odds are. I think it is safe to say that funding will send his into healthy heights- just like winning a lottery, you know before you buy the ticket what the winnings are likely to be.
So what are the odds of funding happening...?
In our favor- persistence and thorough effort by people with a very vested interest in seeing this through. Dean has everything invested in this, from his reputation, his own money, his life's work, and many relationships. Mineseeker wants it to happen, obviously, or they would have boogied long ago. All the so-called aquisitions have an interest in making it successful, as I see it, as they are looking to QASP as venture capitalists or job saviors with a vision. Many people see that the whole will be better than the sum of its parts..., and, of course, the shareholders want to see it happen (although if you read iHub, sometimes I wonder...) All this together suggests there is a strong will to succeed, and a vision worth pursuing that can rally attention if it is properly presented. So there is a will and where there is a will there is a way.
Going against us- negative market forces in a time of grave concern for the future. Money seems harder to borrow than it has been in decades. Insufficient track record of earnings and assets in hand. A history of failure in terms of this deal having taken years, rather than months, and taken a trail littered with more promises broken than kept, (whether from lenders or borrowers I am not sure). A perception of impatience and cavalier actions at the top and an erosion of confidence by the shareholders and markets, and the stock remaining on the pink sheets, with all that that implies, etc. On top of all that, a general environment shrowded in uncertainty...
On balance, the jury is still out. Determining the odds of total success versus total failure cannot be a precise science, especially with so many 'ifs' and balls in the air.
So, as I have too much invested to just turn and run, I am sitting on the dock of the bay, hoping more DD will inform this board. Good luck to all stuckholders. May goodness prevail!
I have no interest in trashing anyone- I see no benefit for myself or the other. However, I can be very frank and admit that I am deeply concerned about this investment. I wish I were more confident in the funding coming together, but it has been over a year of next weeks and I am afraid that the whole thing is looking pale. I appreciate when you offer reasoned logic to perservere, BANKER, and I sympathize with all the voices that are as anxious as I am. It would be so comforting to be able to point to one fulfilled PR with real substance and forgive all the well-intentioned hope and fear. There is always going to be uncertainty in the market, and the greater the risk the greater the anxiety level. I am still long and have never sold a share. I have probably over-extended myself on QASP and if this collapses, I will have to bear some serious consequences. If this is the cost of tuition in the school of Hard Knox, and a karmic lesson learned, well, so be it. Hopefully I won't have to pay this again.
With all due respect BANKER, there has been a major change over all this waiting time... I think the technical term is dilution.
This does not mean to say I am disillusioned, but a million shares is a different slice of the pie when the eight inch personal pie has morphed into a triple family-sized pizza.
I am curious. In your mind does the prospect of getting this to a dollar seem as bright now as it did when the OS was 25% smaller?
Pretty disappointing month- if not a disappointing year.
Been gone for awhile- in the mountains with no computer access. I was hoping to see something change over the last 3 weeks. But no!
One of these days, everyone is going to be surprized and something announced or stated in a PR is actually going to happen. By then, it will come as such a shock that everybody will be caught off guard. I don't even want to waste my time hoping that it happens soon.
So like, I suspect, many others, I am all finished buying and am hanging back and waiting, just trying to not get too anxious. Ho hum...
Then, just when you think it is safe to back into the water...
If you are correct, and Abermarle makes an offer, what do you think that might do for the PPS? Just curious.
Thanks for posting this. It is crucial to always remember that everyone is a human being, first and foremost. Go DENNIS and the entire BEHL family.
I am about to retreat to the mountains for two weeks-no internet- back in beginning of August. I hope that in the meantime all you guys and gals can settle your differences, Dean can close the deal, and the oil spill in the gulf can finally be clogged.
All this excitement is wearing on the soul.
Teamrider- you are not alone.
I, for one, feel your pain. I have a similar story if not one that is far worse. Nonetheless, I have stuck around since before the big pump and I am starting to feel more and more confident again every day now and accumulating again. I agree that there is always the possibility of a rinse and repeat cycle and am sure the MMs will make sure we go through more than a few this summer and fall.
But I would go out on a limb and say that this is coming together nicely. And once they actually start putting money in the bank from algae sales and PBR leases, which could be as soon as early fall or even sooner, this is going to really raise some eyebrows- IMHO.
Given that I am an optimist, I also know that DF and his crew are ultimately completely driven by the prospect of green gold, not algae, but MONEY. So, when I look at how hard they are working, and the overall flow of reports, (sure some are pretty fluffy), I see a stock that could go into the double digit pennies by end of year.
The right new CEO, competitive issues, overall economic forces and all taken into consideration, if all the stars start to line up, 20-30 cents seems completely doable and a move up to the next exchange is likely (again IMHO). Barring major incident, I am holding out for those days, even if it takes another year. When I crush the numbers, (if such numbers are attainable and I think we need to be conservative, but this is), we will have revenge on all the naysayers.
My guess is that Dean is not going to say anything anymore until the fish is actually in the boat. There have been too many false starts and too much flak. So I figure it's no news for a while, maybe at least a week or more, except possibly updates on Mineseeker trials and results...
I expect that the next news to come directly from Dean will either be 'Hey Happy Day boys and girls!-" or it could be "I have to deeply apologize... "
I have my money on the first and I plan to keep quiet myself in the meantime. Hope everyone on the East Coast is drinking enough water and enjoying the heat. Good luck and happy summer!
I'm sure it will be filmed and available either on the Mineseeker site or on youtube. I think some guy is doing a documentary about landmines and is probably going to focus on them.
Was this a conversation that happened today? Sorry i just want to clarify.
Now that is a little harsh. Take a deep breath and get a grip.
Any grown-up in America today should know that the loan process is a real challenge. It used to be easier but this is 2010. I was about to close on a house a month ago, but less than 2 days before the closing, after reams of paperwork and phone calls and back and forth and hoops I had jumped through, the deal fell through. Why? not because I didn't have the money or excelent credit, not because there were skeletons in my closet, but because the bank's appaiser finally submitted a report that said the house needed a new roof before they would loan any money. Previous appraisals had gone through, but this guy was more strict than anyone expected.
I had told my sister and friends and kids and girlfriend and lots of people that I was buying the house and that the closing would be that Thursday. I had scheduled time off from work. I was completely assured by my real-estate agent and the bank that all was well. But the unexpected happened.
Does that make me a liar? Was it a scam? Was someone running off with my money? No- It was a bump in the road. There are workmen on the roof right now. The deal may have to be renegotiated because the new roof will add to the price. Maybe I will not want to pay that new price and move on. Anything can happen.
with QASP- we're not talking of buying an old farmhouse, we're talking about something very complicated and multi-faceted. The bigger the deal, the tighter the hoops and higher the anxiety levels. I am amazed anyone even tries what Dean has undertaken. Dean has made his intentions quite clear. I trust that he has been working on the best assumptions based on what he has been told by other parties. He has not taken his eye off the eightball for a moment. If this deadline is missed, it will not be because he has not acted honorably, nor will it be the end of the world and doesn't mean there is any scam going on.
When people get anxious they often make mistakes in judgment. Mistakes in judmgment can take the form of verbal or written accusations that one wishes they could take back. when we attack others with slanderous remarks, it is often more a reflection of our own anxiety tha the truth. anxiety is human, but the capacity to hold one seat and not jump into slanderous speech is an indication of some level of dignity and character. IMHO.
Is anyone receiving the Tuesday Update- I thought I was signed up, but nothing seems to come. It was implied in the PR today that there would be something out today. If so, can it be reprinted here? thanks in advance.
Tough day for the markets, but a hey-day for bears, bashers, crystal ballers and numerologists.
Meanwhile, why can't I get this song out of my head?
Longer boats are coming to win us,
are coming to win us,
Longer boats are coming to win us,
hold on to your shares.
(apologies to Cat Stevens)
Markets are way down today, as most will have noticed.
Still, what gives Dean the right to do things according to his own agenda, or for that matter, according to the whims of market forces? Doesn't he realize that I need confirmation? Who is he to hide behind delays caused by banks and others when I am trying to plan my future? The nerve of some people's children! I demand that he stop everything he is doing, wherever he is, and report to us immediately! He better, or else I'll, I'll, I'll pout and stamp my feet and call him names, that's what I'll do!!!!!
Sage advice. Go CEMJQ
This should be posted as a aticky at the top of the list. I bow to you, sir, for sharing this important information. I think this confirms what I suspected to be true and is stated as definitively as possible. QASP is going to be a dynamo on Monday and all next week, in fact all summer, IMVHO. We are witness to history in the making and it is nice to be here at this stage. Thanks again for your DD and for sharing it today.
Sorry, but these pictures and videos don't work-
so maybe not the best thing to post in this position.
Totally know what that is like, Woodsy. Let's hope our karma has shifted. I think this is a company with a vision that is beneficial to the world despite all the greed that surrounds it, and I still believe it is possible to do well by doing good. Maybe I am just a little too naive and too Buddhist to be investing in pinks, but I find I am continually learning a lot about people, money and emotions and, as unlikely as it may seem, I believe in QASP. I think this going to fly. Good luck to you and may all potential land-mine victims who are likely to be saved untold misery join in the celebration!
What has this got to do with the stock in question?
With all the ideas apparently in the pipeline, we'll be looking to see SSWC rise considerably in coming months to at least triple current levels IMHO
well said, tintagel
Do you know where? I am sure he dates and locations will be announced. I hope to ba able to afford it. (hee hee)
I don;t know what to think but am not going to trust anyone else's speculation as to why BG is out. Would love to have DF or Monique do a Conference Call and explain what is actually going on.
My gut tells me that DF was not willing to relinquish any power and BG was not given any room to move without Dennis' veto. And I doubt Dennis is going to hire a new CEO who will be allowed to over-ride his decisions. It never sat quite right that a company with so few employees has so many chiefs. at this point in their development. What are the different roles of a CEO, a president, and a Chairman of the Board when you only have maybe ten other boots to boss around and no working cash flow or product? The last thing BEHL needs is a bunch of heady egos and high salaries to pay.
I feel sad and disappointed and confused as I have been a loyal long for well over a year. And from the PR today, I am having flashbacks to a time when it seemed like BEHL was going to conquer the world. Why didn't China happen? No explanation. Why didn't Mongolia happen? no explanation. Fisher told me personally he was going to be doing something in Quebec- never happened!
None of the many deals that seemed so sure and complete ever happened and most were never mentioned again. Let's not get too worked up over Latin America.
Also DF said adamantly that he would never ask for federal or state grants or any government money- I forget why- but it seemed a little too macho for me. And all this constant moving of HQs... now we are on our way to Utah? When is enough, enough?
I have sold half my position and am holding out against all hope for just one real deal, but if nothing solid happens soon, say goodbye, expensive lesson learned! I hate to sound like a basher, I am not trying to affect PPS and this is merely my own rambling mind. Good luck to all.
Can't help by say that was my reaction as well.
Hope there is a rebound from yesterday, but know too much to hope for the moon anymore. I guess we're stuck with DF and his stubborness as well as his dreams that never quite come true. Wish I could be more optimistic.
T- I think you meant we are NOT going to pay them. Or maybe I read it wrong. Sorry.
Anyhow,I think no promo campaign makes total sense. News is going to spread like a virus. You don't need to hire a virus company.
For those hoping to flip this stock into the next decade...
I think the point my friend iKauai is making is that the problem with the short bus is that you end up having to walk the last few blocks to school or by the end of the day you find it leaves without you and you get left behind. How sad. IMVHO
Believe whatever you believe and listen all you want to the impatient bashers chorus, but in the end, those who camp on the curb are called the homeless.
Because if you ain't on the bus when it leaves, youse outa luck.
If there were any 'dilution' at this point, it would probably mean that he has offered restricted shares as part of the deal to some acquisition targets. This is not a problem and I would not worry about it.
You ever get that feeling like you're sitting in the waiting room at the maternity ward?
And all that's on the coffee table is old Newsweeks from 2002?
It was rising like bread and hit a magic point when selling started to happen for a host of possible reasons. Having the dough punched down that kind of killed the momentum, many have taken their profits and are on to the next thing. But if it is good bread it will rise again and this time it will go a little higher. IMHO.
I think a few people were over-exuberant about the possibility of this going to pennies in no time. Flippers and day traders are not known for holding on for long runs, so they sell at the first big pause after they have made their chunk of change. This sends a message to others that the ride is over.
However, on the Pinks, anything can happen. This is apparently a solid company with lots of energy in the pipeline. So it seems to me to have the makings of a good 'long play'.
Make your own decisions and good luck either way.