true,

but if the rise in O/S is due to (as the PR said) the lender wanting shares equal to %40 why does the rise in O/S happen at the rate of about 50 Million per week? If they were the restricted for the lender don't you think they would have all been added in one fell swoop?

done.

So someone is giving QASP 350 Million to form a conglomerate?

I hope not.
That is what the A/S increase was supposed to be for.
The lender wants shares equal to 40% of the commons AND a pile of parts? LOL....thats rather....specific, no, eccentric, no......

I am wondering where all these extra shares are coming from.
We can all see that the O/S rises almost daily.
But the PR said that the increase in A/S was
"The reason for this change is that the terms of the funding of the balance of our $350,000,000 financing requires us to issue Class B non-voting shares equal to forty percent of the total outstanding common stock to the lender."

Are these the shares that are being added to the O/S?

Are they now in the float?


Whiskey Tango Foxtrot...over.....

6,000,000 shares is a FAR cry from 20% of a 1.5 BILLION share structure.

These PRs are so disjointed I don't know what to make of them.

If someone is going to loan a company $350 MILLION dollars they want to see a laser-sharp vision and direction.
What is QASP actually doing?

If I take the PRs at face value (as one poster suggested) I would guess that QASP's goal is to produce a plane that can detect a minefield, avoid landing on said minefield by using its retractable float-system and then land offshore all for the purpose of selling spare helicopter parts to whomever happens to be boating by.....

sheesh, you're right.

Pesky little decimals....

yeah,

at the rate of $50,000 per week. (50 million shares avg. dillution per week times $.01 per share.... IMHO

OS=1.5B according to pink sheets.
R/S in '05
R/S in '08

hrmph....

"i mean dean has done everything he said he would! "

Really?

"when dean gets his fill at the well he will grant us a drink! "

Kool-aid perhaps?

You say the buyback will begin "in earnest when the money comes in."

But the PR said "The corporate buyback of company shares will begin in earnest the first week of April 2010".

Which is right?

The traders did not cause the collapse.
Derivatives did not cause the collapse.

Individuals borrowing more than they could pay back DID cause the collapse.

Banks were forced by the .gov to lend to poor people so that politicians could say "look how many more people own houses now that I am in office".

Screw the .gov

all imho.... lol

which names bother you? I'd like to check them out myself....

yeah, I hate that crap.... lol

ABWTQ has been a monster!

This has been worth the wait!
Wish I would've waited and bought at .10 rather than at .29 but profit is profit!

Go ABWTQ!

Another great day for ABWTQ!

I'm sure they will be making serious bank as well.....

Mwaahahahaahah!
GO EC AND GO WAMU!

I too believe that Chess is a good analogy. We, however, are only pawns. We have no real power to effect any change of direction of this thing. We can only hope that the player whose pawns we are wins.

Retracted to remain OT.....

"Drift"?
Thats not the term I think of when I see a 90-degree angle.....lol
Still holding tho

I'm really thankful to see that sanity has returned to this board!
After Friday it appeared that we were totally overrun by angry daytraders.
Thanks to everyone who provides calm, reason, and intelligence to this board.....

I hope you are right,
But why wouldn't she agree to this?
If WAMU's own lawyer proposed it and the creditors get paid, why would she not sign-off?

Two posts on your account and you have contact with the law firm?

Where are the attorneys on this board?
Who can translate wtf happened today in a legal sense?
Still holding long.....

Hehe,
If you look at the hours and fees you also see why the lawyers drag these things out as much as they can.....

Bad idea.

Of course it will show as a sell because it was a sell. lol

What I wonder is: why did the shorts wait at all to cover?
Instead of covering a year ago at .02 they wait till now?
Doesn't make any sense to me....

Or perhaps the people with ST accounts are the ones taking profits now that their platform is up......

It sure made everyones account look sweet for a few minutes tho

.50!!! Waaaaaazzzzuzuuuuuuuppppp

Dunno.... R/S?

It sure was fun to watch though...... lol

a million shares traded before 9:30

hopefully $.06 ?

KATX

Those maps look GREAT!

Ahhhh....lol. My mistake.
Still though, you do have to wait the three days for WAMPQ (all OTC-BB I think.....)
I have TDA....good for some things....PITA for others....