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That announcement was dated MARCH 16, 2010......NOT 2011.
Makamai
Sorry Chief, I can't agree with you on that one. Just what grounds would a plaintiff have to delay a court proceeding? That would be contrary to their best interests. Now from the defendants perspective, if they lacked sufficient time to prepare their case they could file for a delay, but I doubt the court would look favorably on the plaintiff doing so.
Makamai
And we thought Dean had the onset of Alzheimer’s...As obvious as all these inconsistencies are to us common shareholders, you can imagine how obvious they will be to a judge especially when Jeff’s defense team finishes their presentation. I hope they have filed a counter suit or two since they have the judge’s ear including a cease and desist order and censure of plaintiffs counsel. The “good guys” may have lost a few battles, but I strongly suspect that in the very near future we will win the war.
Makamai
It's obvious Jeff doesn't back down from a challenge, especially when he knows he is right. I actually get the impression that he is looking forward to his day in court to put an end to this faux BOD nonsense once and for all. Anyone who can read plain English and has looked at the documents presented by Jeff and some IHub posters knows for certain that the preponderance of the evidence stacks in Jeff's favor. We could be so lucky as to have him as our CEO. Few others would have taken on this challenge, especially on their own dime. Oh what I'd give to be a fly on the wall in that court room on April 5th. The tong lashing the judge will give the plaintiffs and especially their lawyer would be more than worth the price of admission...
Makamai
We really have to give Jeff credit for sticking it out - I'm sure Dean, et al, expected him to throw in the towel way before now. They grossly underestimated his resolve to see this company prosper.
Makamai
T - One of his shorter blogs, however Jeff certainly packed a lot into those few chosen words.
I wonder if there will be any sort of NR issued tomorrow for the general masses as an update since the last NR mentioned the merger close date of March 27.
Makamai
ALSO OF NOTE: This past week, decisive action was taken that we believe will ensure a secured value for all common shareholders of Quasar
Can't wait to find out what that decisive action was and who was the object of it (lol)
Makamai
JEFF'S LATEST BLOG: (ALL LONGS BACK JEFF/JAMES 1000%)
Shareholder Update:
Posted by jeffdigenova at 8:31 pm, March 27th 2011.
When I accepted the responsibilities of CEO, I felt it was my duty to review all past activities and records of the company as a basis for my future plans with the company. To say the least, the records were in disarray and did not in most circumstances correspond to what, when and where the actions took place.
Obviously, I was in a quandary; should I resign, stumble forward, or seek clarification with the various federal and state supervising and investigative authorities for determination of possible mistakes and/or misconduct. Since October 2010 to date, I have devoted countless hours and resources with these authorities seeking a just resolution. My actions of going to the appropriate authorities have greatly angered prior management, as well as certain business associates of theirs; said personal feelings have in turn resulted in a complaint which affects me, personally. The court date is scheduled for April 5, 2011. This will provide a venue for me to finally get all of my cards on the table. As CEO, I have worked to get this company to the threshold of winning, of securing a return of investment for our shareholders, and this will be the last obstacle in not only affirming the company's management structure, but also in preventing the company from moving forward.
I am continuing to work with Mr. James Owens of Centaflix Corporation; Centaflix remains committed to returning value to the Quasar shareholders and working with the shareholders well into the future. This past week, decisive action was taken that we believe will ensure a secured value for all common shareholders of Quasar
A further update will be made available this week.
Jeff DiGenova
CEO & President
Quasar Aerospace Industries, Inc.
a/k/a Quasar International Holdings, Inc.
Jeff latest BLOG:
Shareholder Update
Posted by jeffdigenova at 8:31 pm, March 27th 2011.
When I accepted the responsibilities of CEO, I felt it was my duty to review all past activities and records of the company as a basis for my future plans with the company. To say the least, the records were in disarray and did not in most circumstances correspond to what, when and where the actions took place.
Obviously, I was in a quandary; should I resign, stumble forward, or seek clarification with the various federal and state supervising and investigative authorities for determination of possible mistakes and/or misconduct. Since October 2010 to date, I have devoted countless hours and resources with these authorities seeking a just resolution. My actions of going to the appropriate authorities have greatly angered prior management, as well as certain business associates of theirs; said personal feelings have in turn resulted in a complaint which affects me, personally. The court date is scheduled for April 5, 2011. This will provide a venue for me to finally get all of my cards on the table. As CEO, I have worked to get this company to the threshold of winning, of securing a return of investment for our shareholders, and this will be the last obstacle in not only affirming the company's management structure, but also in preventing the company from moving forward.
I am continuing to work with Mr. James Owens of Centaflix Corporation; Centaflix remains committed to returning value to the Quasar shareholders and working with the shareholders well into the future. This past week, decisive action was taken that we believe will ensure a secured value for all common shareholders of Quasar
A further update will be made available this week.
Jeff DiGenova
CEO & President
Quasar Aerospace Industries, Inc.
a/k/a Quasar International Holdings, Inc.
Looks to me like Owens could be setting the ground work for a class action law suit including his shareholders, against the faux BOD and its backers. Bottom line is "We support the actions of the CEO Jeff DiGenova and encourage the shareholders to take action on their own behalf. Centaflix Corporation will support all, to achieve their goals for the good of the company and it's shareholders moving forward. We will be releasing a press release with more information as soon as possible."
Makamai
Yep - looks like the last couple of days have been productive ones. Seems to me that NHSH is current with SEC OTC filings as well, making it easy to jump off the pinks sheets. Now lets get on with the merger process.
Makamai
DB2 - although that pertains to NHSH, in summary for those that may need it spelled out for them, Jeff DeGenova, who is also CEO of QASP, is not under investigation by any Federal or State regulatory agency for any security law violations. Hummm so the GJ must be focusing on other individuals it would seem.
Makamai
Tex - The last thing we want to do is continue enabling Joe to spew his FUD. Since he has no credibility, you can’t believe anything he posts anyhow. Soon the long arm of the law will take care of the situation and that's the court his shenanigans belong in, not the court of public opinion on a stock board.
Makamai
9Bruce - I appreciate the knowledge and level headedness you bring to this forum. Your posts are spot on.
Makamai
I believe it has been pointed out that Joe's shares (if legit)were based on a percentage conversion at the time of the Equis/Qasp conversion and not at today's O/S. Also it would appear that Joe came to IHub in an attempt to sway public opinion in his favor, and we all know how that has backfired on him. Additionally, due to the false filings, firings, civil suit, illegal debt wraps, etc., by Dean/Joe/Josh/ect. impacting this merger; it would seem that QASP could file a suit against Joe for damages far in excess of what he might be owed, if he is owed anything...I think this just might prove out to be a stalemate at best and a GJ indictment at worst for Joe et al...
Just my opinion,
Makamai
Hey its our CEO working on the shareholders behalf, being strong, decisive and taking no prisoners...JEFF'S DA MAN what more needs to be said!
Makamai
That update was submitted by IR and the link still works:
http://www.quasarinternationalholdingsinc.com/Shareholder%20Update%202011-3-19.pdf
I don't recall seeing it on their webpage yet and I recall at one point recently there was a problem with updating the webpage, not sure if that has been resolved or not.
Makamai
The way Jeff is talking, looks like no stone will be left unturned until all the issues created by Dean et al are resolved. Where the money trail is concerned, I'm sure that Newby and Clayton Group are just the tip of the iceburg -
Makamai
I think you hit the nail on the head when you stated "Dean owes him money...." I strongly suspect that Dean's practice of obtaining money, depositing it in his own account and then to QASP was his standard modus operandi. Joe should be going after Dean not QASP.
Makamai
IMO where Joe C is concerned, we are witnessing the delusional ranting of an egomaniac who is quickly approaching melt down. When someone allows their emotions to take control at the expense of rational thinking the outcome is never good for them…sad but the real truth.
Makamai
Hummm so out of one side of your mouth you are not against the merger however your mock BOD has supposedly voted against the merger...See how lies and deception just keep catching up with you Joe...soon they will be coming to take you away and QASP will merge with Centaflix and finally prosper on its own....
Dean and his cohorts certainly under estimated Jeff's conviction to right the wrongs of prior management and return this company to the rightful owners - it stockholders. For some the REAL truth is going to come knocking on their door very soon. I'm becoming more and more impressed with Jeff's management capabilities and his tenacity to take on the tough challenges and make the tough decisions with each passing day of late. I had plenty of doubts at first that this merger would ever take place, but those doubts have now been almost completely erased. IMHO it won't happen on the 27th of March, but I can see it happening in early to mid April JEFF - YOU DA MAN What more can or needs to be said!!
Makamai
First, you wouldn't know what "transparency" means even if it came around and bit you in the okole...documents you have posted are full of nothing but lies and falsehoods.
Second, Jeff has been doing an awesome job "cleaning up the company and sweeping out the trash" to the satisfaction of all "real" shareholders and certainly doesn't need your help!! I'm sure you may not like it, but its obvious your ego is going to be your downfall and you are going to get caught in your own mouse trap real soon...and you can take that to the bank, er rather the jail cell.
Makamai
Give it up Joe - you've got ZERO credibility with the REAL shareholders of QASP and are digging your own grave, or should I say padded cell, one post at a time.
PS - Shouting at us won't help your cause either...
Makamai
Appreciate your insight and spin on things on the QASP board. The FUD over there is out of control and nice to have some valued info over there once in awhile. Because that board is stock specific, and you mentioned other stocks the MOD most likely removed it. As LJ mentioned, this board is for general discussions and as long as it doesn't get personal, most any topic is ok. Welcome aboard...
Makamai
Mahalo Nui Loa LJ for your thorough notes. Looks like the good guys might finally win one....
Makamai
Hoping the luck of the Irish be with us all today and for the rest of our lives....
Cat - I find it amazing how Joe, Dean et al's arrogance has gotten in the way of their clear thinking. Some folks really do have STUPID written across their foreheads (lol)
Makamai
If the Attorney won't take shareholders calls, to me that infers that those who are filing this claim are not shareholders...
Makamai
This may just be the last bit of evidence the GJ needs showing the true intentions of Dean et al to sabatoge the company for their own ill gotten gains. Couldn't have come at a better time IMHO.
Makamai
Since no one else answered your question, I will. Dean is still a reference on Joe's website because they are birds of a feather, and I'm sure can finish that saying
Makamai
If Joe had an attorney, the first bit of advice to him would be to stop posting on a message board. The second piece of advice would be to quit while he was ahead as pursuing his present course of action will surely backfire on him BIG TIME..
Makamai
Yep, and like all the other daming evidence all the appropriate authorities have been given copies and the GJ is reviewing it all. Can't blame them for the time its taking. May be more indictments issued than we ever realized....
Makamai
T. It is becoming increasingly obvious that Dean never expected Jeff to take on the roll of CEO as he has, and when it became obvious that Jeff wasn't going to be Dean's puppet, he attempted to get rid of him, but ooops - he forgot one thing, neither he nor Joe C, nor anyone else had any authority in the matter, not to mention any voting power. I like that Scott Martin trustee's signing for a non existant trust - rather amazing.
Another thing that's obvious. JC and his cronies never expected to run up against the collective intelligence of the QASP shareholders and their persistance in righting the wrongs of prior management and turning QASP into a viable business with shareholder value. BIG MISTAKE on their part...
Makamai
DB2 - It's getting harder and harder for JC's cronies to spew fud and make up their own "facts", especially when Jeff is giving us more and more details about how things really went down before and after he became CEO. Lots of good reading in those PDF files on the QASP website that will be hard to dispute.
Makamai
What they ought to really be concerned about is the trickle down when JC gets indicted based on all the fud they have spewed.
Makamai
That's good to know that the GJ in Jacksonville meets daily vice weekly - that will greatly expedite the process. Thanks for the excellent DD..
Makamai
T - what would be nice to know is how often the Jacksonville GJ meets - some only meet once a week...if that's the case it could be a while before they can sort everything out with so many players involved and the list keeps growing...
Makamai
Hummm...it would seem that the voting power Dean and Joe thought they had was a pure figment of their imagination. They never satisfied their contractual requirements to qualify for any preferred shares as evidenced by the corporate records. In addition, anyone attempting litigation when they have "unclean hands" is very foolish and the vast majority of the time it backfires on them.
Makamai
Banker - nice to see some excellent DD and DD discussions being provided to contradict all the FUD that the fudsters keep spewing. I feel we are really fortunate that Jeff was introduced to James and it certainly will be to the betterment of the QASP shareholders. Looks like Centaflix is on the verge of some rapid expansion and they are not single minded, rather they have their hands in several seemingly lucrative markets. As others including JO have said, lets hope we remain on track to merge on schedule...
Makamai
Sounds like they are two peas in a pod if you ask me...Not JC's first issue with preferreds...and being sued.
http://www.wikinvest.com/stock/HyperDynamics_(HDY)/Wellington_Llc
Makamai