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Dean obviously needs the 350m funding for the buyback, so why doesn't he just say it? I know I'm not the only one who thought money was in place for the buyback and he's just waiting just before the funding is closed. When you say that the bb will occur in earnest the first week and the funding the 2nd or 3rd, then it appers there are two different funding sources. Am I the only one that notices this? The last PR is broken up to sound like Dean is waiting on the funding as a seprate event from the buyback, but they are the same thing.
Where was the "in earnest" part coming from is what I would like to know. What changed? I don't know why Dean would dodge that with this progress report, I mean...come on! We've been waiting to see this buyback happen all freakin week and to not mention it is bs. imo
or maybe idkwtfita
I'm not sure if this has been gone over before, but Etrade told me that they could only borrow shares from margin accounts. Only shares that haven't been paid for in a margin account can be lent out. Cash accounts can't be touched.
I think he's serious guys! lol
Sounds like a reputable poster
Great Day! Was this the buyback?
LOL not much
If none of these happen I will be shocked. Nothing should shock me anymore with this stock, but if Dean doesn't come through...man oh man. idkwtfiwd
What a close!!! Great day!
jk :)
If you read the PR it doesn't exactly say the buyback will begin this week for sure. "in earnest". It was QASP's intent to start it this week, but they can't wait long because the next line in that PR has no escape route..then it will cost them...imo
Damn I wish I had more powder!
Very cool, thanks for posting
oh, I just searched my ass off trying to find some info on them, that explains it...thanks.
I agree, we are in a much better position now than pre 08/09. Opportunties presented themselves and Dean seized the day. I'm glad things turned out the way they did...will be a great year indeed. :)
google it!
"has been assured by their funding source that the entire $350,000,000 (350 million USD) will be closed and settled no later than December 15, 2009 and will start closing the 4 acquisitions immediately thereafter."
"confirmed to us in writing" conformation in writing is the difference, don't try to play the last PR down as a potential repeat.
not working
I believe that will be a big part of it.
Pretty good update, glad to hear we are moving forward. Didn't plan on selling any for at least a year anyway.
Are you saying this as fact? but of what total o/s will be the starting point for the buyback? after he covers what he borrowed, then subtract the 20%? TIA
They could care less about the dates and PR's, those were dates originated from the lender...Dean's exuberance tends to get him in trouble. The lender knows way more than you about the inner workings of Quasar, because they are the ones lending the money. Enough with the missed deadline crap, no one cares. How many more times does that have to be said? get a new line! When everything is finally announced, yesterday won't mean sh1t.
all imo
lol! nice
Just wait for the next PR and chill
lol, thanks bro I'll let them know.
That was a great story T., thanks for sharing it. Don't underestimate people, they will surprise you.
spongeni, thanks bro :)
paying the taxes or doing them?
Thanks for the link! watching right now and learning a lot.
How would you know that?
Right on T., thank you for all the dd and insight you bring to the table. I have not sold one share as well, and have been adding like it is my job. I am in a much better situation now, and over the last 6 months was able to put away check after check into this stock. Some people think I'm crazy as well, because of how much I been buying. It will all be worth it soon. I have a little over 11k invested with a lower average than most. I've never saved that much money in my life. Chump change to most invested, but this time 2 1/5 years ago I would go a few days at a time barely eating anything at all, beacause I was so broke...starving artist. Thank you for acknowledging the little guys in this. Even if this goes to half what I think, I will be a millionaire under 30...27 actually. Thanks and I'll see ya at the party!
GO QASP!!!
"Questions have arisen regarding the Class B shares to be issued on completion of the $350 million funding. Please be advised that said shares will be non-voting and will be restricted for a period of three (3) years."
Why didn't he just add this in the PR?!
Marked!
Don't forget Richard Branson!
Awesome news!!! Gotta love this company
That's a good point. There was a lag from when the drop started to when the news hit, he had no choice.
I hope your right dude, that would be a nice gift to the loyal.
I was thinking the same thing, why not after market? Then the tourists would have had the time to process what this actually means, there wouldn't have been nearly as big a drop at open the next day.
I have no idea what to make of it because I know very little about stocks, and that's why I couldn't wait to find out all about it tonight. I don't plan on selling for a long time.
I think they ment very soon in QASP time :)