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Tic........Tic........Tic........
Why the sudden rush on QASP share today? Started out slow, then just before high noon, things started to get interesting.
My bad, just saw that the last update said “Close the first four” and not the “First of Four”. Still not getting the warm and fuzzies though.
OK, they missed their first closing date by a mile, no problem. But now Dean is saying he is working to close the first of four. What happened to closing them all at the as a single transaction on a single day? Wasn’t that the reason he gave for the delay in the first place? Also, being assured that they will be getting the funding and actually getting it are two different things. Dean should have updated shareholders on the status of the funding, you guys are just assuming they got funding. I’m not sell yet, but still not getting the warm and fuzzies here.
For the August 26th PR:
It is critical to do the four acquisitions as a single transaction on a single day. Doing otherwise would lead to excessive transactional fees and duplication of expenses. With the obvious complications of closing four acquisitions at precisely the same time on the same day, we have to find a day and time that is good for all parties and their support and legal teams. We will be soon choosing a day and time that is acceptable to all concerned. While we tried to make all of this happen for Friday, August 28, 2009, it simply is not possible. We will provide an update when it is prudent.
I hope you are right. I still think Dean should have confirmed it.
Think about it Folks, if the funding was complete, the PR would have said “ QASP has received $350 million funding and is working toward closing the first of 4 acquisitions.”
This PR just left shareholders with more questions:
Did they get the funding? Confirm it!!!
What about the buyback? How many shares so far?
Who are they acquiring?
What happened to transparency and becoming fully reporting?
I own share in this company and want it to suceed as much a the next guy, but the longer they delay, the more skeptical I become.
Dean was quick to tell shareholders that he was assured by his funding source that the entire $350,000,00 will be closed, he owes it to shareholders to keep them informed (Transparent) on the progress.
I’m skeptical with no news, but I’m not selling one single share until hear something. Letting it ride. Too much potential with this one. Its either down with the ship, or up like a rocket.
I’m surprised they haven’t updated shareholders yet. In the past, if Dean farted they would have a PR. This is unusual. Not bashing, just worried and getting skeptical.
Yes, I agree. I’ve seen the SEC halt trading for much less. I just wish they would provide us with an update on the loan.
I agree, if the company is going to give dates on when deals are supposed to close, they need to provide shareholders updates of the progress of those deals. Lack of a PR tomorrow will not sit well with most shareholders.
I'm baffled that this hasn't taken off already. But now, I don't think they are going to let it go until the money is in the bank and the acquisitions are complete.
QASP, My two cents………
I’ve been sitting back reading everyone’s posts regarding QASP for a few months now. I’m not one to post much, but what the heck. Here is my take.
The bashers of QASP, while they are annoying, some of them do have good points.
Why does the share count keep increasing while supposedly the company is doing a “Buyback”?
Lets face it, the PR’s have been a bit, well “Fluffy”. They have big words like “Buyback” and large dollar values like $350 Million”, but really not telling you much.
Now, why are they here? Well, they are either in serious need of psychological help, and have nothing to do but spend hours of their day posting messages on a stock they don’t like. Or, they bought QASP at a higher price, still own it, and are really mad that they are losing money. They need to find some way to get their aggressions out. May I suggest some form of martial arts? Great way to relieve stress and get your aggressions out. Oh, and enough investing in Pinksheet and OTCBB stocks, they are not for the weak at heart.
The Pumpers of QASP, almost as annoying as the bashers. “This stock is the next……….!!!” , “Its going to $100 a share by ………!!!!” , “We are all going to be Billionaires!!!!!” Come on, lets get back to a nickel first. “I have Dean on speed dial!!!” I personally sent Dean one email, never heard back. Which is fine, because he should be working bigger and better things, not dealing with individual shareholder questions.
So, why did I buy QASP? Well, from my Due Diligence, this company looks to have some great potential. I think the reward far outweighs the risk. While the PR’s have been a bit “Fluffy”, if they are true, I could make some decent money here. And that's why I am here, to make money.
Happy investing and good luck!!!!
Is this the first Pinksheet stock you invested in? You need to relax or stick with the big board stocks.
I hope you don’t misconstrue my post as complaining. I merely state the facts, the PR said buy back should begin this week, not it will begin. If it doesn’t happen today, we wait for next week. Time will tell and hopefully we all make a lot of money in the end.
Guess they can use SHOULD as a diclaimer. Wait and see time.
Quasar Aerospace Industries, Inc. Announces Start of Share Buy-Back Program
7:44a ET September 16, 2009 (PR NewsWire)
Quasar Aerospace Industries, Inc. (OTC Pink Sheets: QASP) (formerly) Equus Resources, Inc. (EQUR), announces the beginning of a the share buy-back program. The two major banks that the company does business with are setting up brokerage accounts to facilitate this program, which should begin early next week
I’m calm Mustang. No Problems, we are all here for a common goal and want this company to succeed. Well, most of us. By the way, if you have a 66 Mustang, that’s a fine piece of machinery.
I believe it has started when I see million blocks going by one by one, or they release a PR. We haven’t even traded 5 million for the day and people are yelling “IT STARTED!!!!” Folks need to Relax, go have a drink and watch the Price is Right or something.
SHOULD is the key word in the PR.
Quasar Aerospace Industries, Inc. Announces Start of Share Buy-Back Program
7:44a ET September 16, 2009 (PR NewsWire)
Quasar Aerospace Industries, Inc. (OTC Pink Sheets: QASP) (formerly) Equus Resources, Inc. (EQUR), announces the beginning of a the share buy-back program. The two major banks that the company does business with are setting up brokerage accounts to facilitate this program, which should begin early next week
The PR said the buy back would happen THIS WEEK. This week isn't over yet.
You’d think with as much as $15 million to buy-back, they would be buying as much as possible at these prices. 5 million shares purchase in after hours is nothing. I don’t think they have started to repurchase yet. They said this week, so by Friday this should start moving North. I hope.
Does anyone know if they have even started the stock repurchase? The PR said this week, not Monday or Tuesday, but this week. Could start on Friday. Given the very low volume and price declining, I don’t think they have started yet.
Excellent!!! Thanks Cruz!
Buyback Question?
Will QASP be repurchasing the stock on the open market or do they get it some other way for a discounted price?
This is getting Ugly. Oh well, let it ride!!!!
Caveat emptor
I'm not going to sit here and bash this stock, I hope you all make money on this. Just be careful. This company has as LONG history of reverse splits. Good luck.
LOL!!! You and me both!!!!
This is one Volatile stock. Moves on just about every trade.
Looks like the tides have turned.
Anyone have any idea why the share price has fallen so much this week? This thing should be heading north IMHO.