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DB2...
I'm no longer in this stock, but will tell you that the debt that is in question here was mainly from EQUR early on. That POS did nothing but eat money, and had less than honest leadership that took advantage of the shell to fund houses etc. The other debt in question was for the costs associated with day to day of QASP, PLUS Dean-O's wayward spending. While I don't have the financial records in front of me (nor have I ever), but this shell hasn't made a dime (for itself) in YEARS!
The merger and agreement was between Dean and the then board of EQUR (Marty Zell and Bert Watson Jr.). Where Joe and his company fit in for that picture is not fully transparent, but I'm sure Joe won't refute the fact that he was involved in some form or fashion of paring those groups together. Joe was involved in EQUR when it was still in operation as a 'One Stop Shop' financial services company. And I'm sure he kept it going to try and get some $$ back.
Joe: How much of the 169K in question is a debt directly from QASP and how much of that is carry over from EQUR?
So Long....
This will probably be my last post on the board. I've been doing some digging around with what Q was and what N is and I hate to say it, but it's time to move on. Q isn't going anywhere. Joe doesn't have a plan but dump and RS. N, well let's just say it's nothing more than a resellers pipe dream. It appears they don't even truly own what they use or propose they have. The education piece with Dr. England, the datacenter/NOC, Web conferencing, just reseller dreams. Sorry to bust anyone's bubble. As for MS, it's still in the air as to if it can land a true contract and be useful. And to those who haven't put the 2 and 2 together, Owens started off in the same building as many people who had connections to EQUR before Dean took over EQUR/QASP. The cycle that goes on here seems to not know how to stop.
Good luck to those who hang around. I really hope you have an upswing in things around here, but I don't see it. The swap if it ever does happen will net you close to zilch, nada, zero. Hard to swap something for nothing these days.
GLTA
Cat - I don't disagree that Joe appears to have done some less than honorable transactions. I was just trying to figure out if he could take anything positive that he's done and try and bring it to QASP and be successful at it. I'm more worried about what he does going forward more so than his past at the moment. Let's just say i've taken a beating since I got into this stock in '05 and i'm ready for something sustainable to happen to the stock long term.
That is a good question, and why I asked that of Joe himself. Let's face it, he wouldn't have the ability of loaning the company over 169K if he wasn't just a little successful at something. If Joe is a shark, I think I would rather have the shark on my side rather than trying to fight him.
Joe has an uphill battle not only trying to make something of QASP, but also trying to win over shareholders/stuckholders. I say make QASP some money and the rest will fall in line, just as long as Dean-O doesn't make a dime of any of it or even better, has to pay some back!
Possbily. Don't take this as me being a 100% Joe supporter, but I think that Joe has a couple different routes he can take. He can use QASP as a holding company, pull in some of the other projects he has to build value to QASP. He could actually get lucky and get some of the $$ back from Clayton and/or Newby and have some capital to expand the flight school or get other small aqui's.
I'm still trying to figure out what the best play here is. While I understand what the other company is saying they have, I'm just not 100% it's 'all that and a bag of chips' shall we say. If nothing else, if Joe can find enough $$ to pay himself back by pulling money into QASP, that may be enough to kick this pig and get some $$ for the rest of us as well.
Joe,
I've been around QASP a long time. In fact, I was around EQUR for quite a while as well. I've heard your name mentioned in the old EQUR offices a few times when I was there. My question to you, is how much of the 'educational' business in the other company are you familiar with? Is this also one of the reasons you said no to the merger? I'm sure you are familiar with the players involved there since you were around for RH and CS from EQUR and some of the names/faces are the same.
That said, do you plan on staying in the avaiation sector with QASP or do you see this spinning into something more, such as a true holding company in multiple sectors? Just like everyone else, I'm trying to figure out what to do with my shares.
Porgie,
You know what's funny..ALL of those people listed in that PR had more than EQUR in common. They all are/were sucessful in what they do. They weren't on the 'advisory board' because they were chumps, they have money. They don't play with pennies hoping to make dollars, they play with dollars to make millions. I have met Joe Stingone a few times, he's a VERY respectible person. To be honest, I've spoken to all those people listed below and they are/were good people. The were only references a lost soul in Marty Zell.
He wasn't. The EPI spinoff was a totally different piece the EQUR landscape and took place well before Quasar was in the mix. The EPI was a Harris/Cunningham brainchild. EPI was actually a legit business, they just wanted out after finding out what was really behind EQUR under the leadership of Harris/Cunningham.
James was never involved with EQUR. The two business models were completely different. Owens was dealing with technology while EQUR was dealing with their 'One Stop Finacial Shop' and trying to get into education. Under EQUR neither did well. The educational pieces to EQUR became their own business under Dr. England and he has managed to take care and grow that business by himself. So any correlation between Centacom and EQUR is a null.
Now you know the rest of the story...
Sput... Do you know they wanted to spin off the educational part of EQUR before? I do. It was actually making money and was viable. EQUR was dying because it had put a lot of eggs into the real estate basket. The education piece 'AI' has MANY things going for it. The plans they had in the past included international reach, and I would guess it's still in play. Comprende? hi?u?
GLTA
Samps, I understand your past relations with Dean were less than positive. But as we stand right now, the share swap, the lack of shares being sold currently, new leadership at QASP (Yes, Jeff is not Dean, amazing huh?), and a better outlook than what was here a few months ago are all positive moves. The "SCAM" you keep yelling about (Because really, BOLD means yelling when you type, FYI) isn't really there any longer. So, when you say SCAM, can you be a little more specific as to what exactly is the SCAM? Is Centacom a SCAM? If so, do you have proof? Are the schools merging with Centacom a SCAM (Which you should be careful about, because I have A LOT more info/history about them than you). So please enlighten us as to what your exact point is.
Thank you.
Anvil -- How many people? There are services out there that are reasonable, some free, but it really depends on the number of users. Skype is good for one to one conversations, but anything more it's terrible. Give me a number and I'll find a solution.
The real issue here is that when Dean started, he had solid people behind him and working with him. During the early stages of QASP you could find solid DD that supported what he was trying to accomplish. In the middle to latter part of 2010, those workings fell apart and he started grasping for $$ and no longer associated with those who helped in the beginning. Dean thought he could pull this off with a last minute save, which failed. Once it became obvious he no longer was doing anything other than selling shares, Jeff and company stepped in and stopped the train wreck Dean started.
Now we are starting the next chapter of QASP with new management and a new direction. The 'Truth' of the matter is that Dean and 'freinds' ego's have gotten the best of them and they now realize they are in trouble. No more pushing for shares to be handed out, no more BS PR's, no more share selling. Is there a short position hanging out there for QASP, I believe so. It's obvious Joe doesn't want to cover it and it's obvious Dean wants to bury his past wrong doings (10 million for worthless shells (Yes CET is great in theory but 10mil, HA!)
In the end, we go up from here. When does that happen, that's the golden question everyone wants to know...
GLTA and thanks B*A*N*K*E*R for keeping up the good fight!
C'mon Samps.. You are trying to say that all those listed did debt wraps for QASP but Joe is clean as a whistle in all this? If that's the case, how did Joe get all of his 'shares' in QASP? Was it for the filings that were done for Dean? Was it for the marketing?
Joe runs a toxic funding company. Period. He didn't get the shares for free, even if Dean liked to hand them out like business cards at a sales convention. Joe was around in the EQUR days, and I find it interesting he is still leeching around today.
Truth be told, a lot of names from the past are still here. Some are truly to the benefit of the company, and some I wish would simply go away. The amount of undocumented claims on this board for or against the current CEO of QASP is tiresome and just plain stupid. Dean f'd up big time and got his termination papers handed to him. Jeff has stepped in and tried to clean up the mess that was left behind. Anything other than that is simply opinion, even it you write it in bold. Maybe I should to up the street a couple buildings on Preston Ridge and go to talk to Joe and see what he has in the form of proof. But then again, I doubt he would let me in...
A good departed friend of mine stated the same thing. He stood up once he figured out what Dean was doing and that is why Jeff is in the CEO drivers seat right now.
Nope.. that's when the crown vic stopped by to offer him a ride. ;)
Hey Joe...
Just a quick question you didn't answer before. Of the $$ and shares supposedly owed to you (I don't think you have publicly shown what you are 'entitled' to as of yet), how much is from QASP (Dean and Co) and how much is from EQUR (Randy and Steve)? Did you work something out with Dean to recoup moneies due to you from the old EQUR days?
Thanks...
Joe... How many of those prefered shares that are in your possesion are from Harris and Cunningham compared to the number from Dean? Believe me, I understand that getting the restriction removed from anything H&C issued is a real B!@&*$.
I've been around for a while (well before QASP came to be), and I have heard your name previous to dealing with Dean. So I was just curious what was owed to from EQUR vs QASP....
Good question. Seems things just aren't right with some of the explanations around here.. some of the same things keep Ichi'ing at me as well...
Funny how people come out of the shadows when they smell new money. So good ol' Joe lost out on some $$ from investing in Equus, and then Quasar. He sees Centa*** as the new holder for QASP with money, so now he wants his 'share'.
Am I not the only who can see right throush this?? It's obvious the preferreds were not issued correctly (read: invalid) and now he wants his $$ back. (Sorry Joe that Randy and Steve took you for a ride, they did that to a lot of us.)
Two things to move forward from here:
1. Joe sees money (value) with th merger from Centa*** and wants to cash in early
2. The preferreds that were issued by Dean are invalid and worth less than the paper they were printed on. I have a feeling that we will see more people who put money into QASP come crying for money back.
Of course, this is all IMO.
I wasn't stating I had a "mystery stick", just that if you want to measure true traffic, Alexa does not show a complete picture of traffic. And if you are going to announce to the world that Centa*** is a scam, then you should use factual data that can be be truly measured.
As far as the datacenter, I too doubt he has coin to complete the datacenters on the scale of Google or Microsoft. However, there are many ways to get started on a scale that can still handle a large customer base without needing the 500 million that they spend per site.
Scale seems to be the piece to this that everyone has issues grasping around here...
Sorry, that's not 100% accurate. Alexa does track traffic, but the majority of their data comes from users with the Alexa toolbar installed. Also, they do NOT track traffic on subdomains nor do they on subpages. In other words, the rankings on Alexa are not as accurate as they appear. With about $2K, I could get a site in the top 10,000 using zombie traffic (Paid traffic).
I own different websites, have owned a few web businesses, have done the hosting, SEO bit, etc. I have a little experience at this.
Oh, by the way, why doesn't the datacenter conversation happen in here ever? Centa*** is in the process of putting together datacenter hosting. Not sure if anyone understands what going into that realm means / requires. It's not cheap, but it does fit into the e-learning as well as web-conferencing growth.
Welcome to the CLOUD boys and girls...
Nice swipe from Wikipedia...(Do you even know about any of these prodcuts? I would say not. I've used/researched about half of them(not all are stil in business BTW) and they all offer different options. No one single solution is all encompassing.
In regards to Cisco mergers, just because they put a name on a product doesn't make it as good as a Cisco engineered product. Take Linksys for example, they made marginal networking products for the the home and soho networks. Cisco bought them out and put their name on it. Guess what, it's still a crap product.
Let's face it, there is a large market for these types of services (because this is a service and not a product), and to think Centaflix can't and won't get any market share is simply untrue.
If you really want to talk tech, let me know.
They are not trying to have accredited classes... They provide the TECHNOLOGY for those who do have accredited courses. Now where could they check to make sure they are up to date on requirements for schools...hmm...
Dr. John England
But that's enough DD for now... Not everything on the net is free for learning...iHUB included.
Market...
There is competiton, I never said differently. That said, if there was not money to be made in the market you wouldn't have competition. As far as using affliates, you are a little out of touch with how A LOT of companies get going and market. If I 'sell' you rights to sell my product in your area, not only do I make money from you buying the rights, but also the money off of your sales. My overhead for this, next to nothing.
You think McDonalds owns all the restaurants you see on the corner? They are franchise/affiliate owners.
Why is it so hard to peek outside of the box of the last century? Business models have changed, you have to keep your overhead low, stay current, and allow your business to change with the market if you are going to survive. Why do you think all your big corporations are begging for money and closing offices? They realize that slim is the way to be.
Porgie.. You are still missing the point here.
Don't think of Centaflix and their products as 'goods' or that it's a simple sell this or sell that type production for kids. They are a service provider. BIG difference. Let me point out a few things you seem to not care about:
1. As a service provider, Centaflix will be able to market/sell/support subscriptions to their services to provide recurring revenue.
2. As a service provider in the education/training field they are not stuck to your traditional K-12 schools. From businesses to private schools, the market is wide open.
3. Market Share. Yes, there are other players in the market, but there is still a huge part of the market that hasn't gone online. And as stated before, it's not about traditional education institutions, this technology reaches far beyond the scope of what many think about here.
I think IF you allow this to soak in, you'll figure out that the glass is not half-full, it's really over-flowing. And just in case you want to question my authority on the matter, I do Technology Consulting for a living. I work with educational instituions as well as enterprise level companies. This is a technology that is starting to be used more and more. Companies are going to build this technology in-house, they want a provider to put it in place for them.
Acutally PipBoy, you are incorrect. If they find that illegal activies have been done, the corporate veil will be pierced and then individuals will have to answer to the feds. The company itself will remain whole and will continue business as the business it currently does is of a legal nature. Fines and/or penalties that are brought up, will be against individuals and not the company.
Sorry, Owens was NOT involved with Equus.
No worries! I don't mind sharing DD with those who value it and don't mind sharing as well. It was a great game to watch.
Mickey68, Sorry no PM. He was associated with them yes, BUT he was pretty much running his own thing and actually producing results. Even after H&C were gone, he was still working on what he had. He knows what he is doing and that's one of the pieces to this that is exciting.
You must be slipping. The link you are after is Dr. John A. England, Executive Director, President of National Accreditation for Colleges & Schools, Inc. Hmm.. wonder if this is where the EDUCATION part of the merger comes into play.
MANY links from here, but I'll save it as I will be buried with nasty PM's and other people saying I don't know what I'm talking about.
GLTA
Easy answer, contact the T/A. I'm not sure what you are driving at here. This isn't the first time Dean has tried done something stupid like this.
By the way Samps, what did the T/A tell you the A/S was today? Hmmm.....
I have confirmed it. Good luck to everyone here. I am going to be taking a break from the board for a while. Hope to see this go somewhere soon. I know Jeff is working hard to try and make all this happen. So fudsters, please cut the guy a break unless YOU are willing to make the same sacrafices...
God bless
He was a little more than a shareholder. He had positive influence on this stock as a whole. Marty was a great guy and a great friend. I have known him since he invested in EQUR. He helped remove the crooks that ran EQUR just as he drove the removal of Dean from QASP. He was a good an honest man. I am beyond sad to learn of this news. I spoke with him very often and he really did more to help us out this stock than anyone really realizes. I just pray for his family and that God has mercy on his soul. A sad day indeed.
Good post Scotch. The longs that used to post are still here. This board has gotten useless because of all the FUD that is posted here daily like a broken record.
I think we all owe Verity a big Thank You for doing what he is doing. So many people on this board like to b*tch and complain about Dean this and Dean that. Verity is actually doing something about this situation. Which is much more than most are doing. Regardless if you agree with his methods (which I have NO issues with) or not.
I do think Dean should get credit for getting the ball rolling for Quasar, but I think more credit would be due to him when he steps down and lets the another mangement team take over. Let's face it, Success breeds success, and if it's the Apex guys taking over, I feel more than confident about the success rate of QASP. I think we are going to be happy around here sooner rather than later.
GLTA
I don't belive he lied intentionally. He was given a times that things should happen, and in trying to be transparent he relayed that information to us shareholders. That is how all these 'lie' comments come about. But that makes too much sense for ost on this board. To be honest, if you aren't bashing Dean or QASP at this point, your views on this board are discarded. It truly is sad how this board is now a cesspool of negative posts by people instead of actually doing some honest DD. Oh well.. All I can say is...
Watcha gonna do when QASP runs wild on YOU?!?
IMO
Mr. NWO
First off, you couldn't be more wrong about what's going on here at QASP. Not sure if you actually OWN any QASP stock or not, but I kind of doubt it. You speak as if everything you say is gospel, which i'm sorry to say, it's not. I don't think it's hard to figure out Apex was/is aquisition #1 (I say was, because I feel it's a done deal). A simple comparison between Apex's facilites and capabilities and the PR talking about aqui #1 will shine some light on this for you. As far as being a 'scam', IMO it's not. The scam was EQUR, and believe it or not Dean corrected what was wrongfully done to me and other shareholders. Not too sure of scammer CEO's cleaning up after the previous shell mgmt because it was the right thing to do, but Dean did.
So keep on saying scam this, scam that, and feeding the other bears on the board. I hope you buy some and can enjoy the ride with the rest of us.
GLTU
Can I get an L2 post please???
Thanks in advance...
I think the most important aspect of these filings is the A/S did NOT change. That should put some of the wild A/S changes when the name changes ideas to rest.
Thanks for the post Verity.
Just a quick FYI... That ad is from May 25th and not a recent ad.
I think we get good news sooner than most think around here. Many good things happening here.
GL
Funny, the TA is not gagged for QASP. I guess your DD is a little off huh?