Don't forget
the pontoon planes and more aircraft.

I would almost agree except that more volume is needed and that isn't happening here with this one. I simply think that those newcomers playing with this hot poker should be aware of that fact and that all of this has happened once before.

And that's what worries me. (As should it worry others)

This is starting to look like the good ol' days again isn't it.

And both stocks are virtually worthless at this point so I'm not sure what everyone is so excited about. 100% of $0.00 is still $0.

I like that term, " legacy shareholder "
Kinda sounds like something special.

As for equity for ALL shareholders, I agree, that remains to be seen and understood.

I'll take the money instead.

Long time......

People may infer that I'm being narrow minded, but it has been my experience with many (all too many) con artist that the key to getting investors is the elaborate ploy. A must happen to make B, B must happen for C, D must happen and then you'll get paid (Of course it's all in the bag). I have guys in my office monthly with their team of so-called experts that don't know diddly and think I'm as stupid as they come.

In reality, good things make money in their simplest form. Apple makes a product and it sells therefor the balance sheet reflects this. Same for 99.9% of ALL companies (Save facebook and their like -- and they all head for the toilet eventually).

Show me the money. Well, you really don't need to because the stock isn't going anywhere and that's evidence in and of itself that there is none.

So no, I'm not kidding and won't be bullied into believing something or made to look uneducated about basics.

Call me skeptic, but what does that mean?

"Further agreements to settle outstanding demands and claims by Quasar will be forthcoming and structured so as to provide benefit to Quasar and its shareholders"


And again,

"This settlement will allow the focus to be on monetizing the investments made by both parties in Mineseeker in acquiring the technology for mine detection and mapping and field testing it through live demonstrations. This was part of the original promise that Quasar represented to its shareholders who will through this action still benefit and participate in the opportunity Mineseeker represents."

.....which broken promise are we talking about? Actually investing or using the technology? Reaping rewards from it? Attaching it to the so-called helo's the company was going to invest in? The pontoon planes perhaps? Another acquisition?

Give me a break. Share price didn't flinch.

I don't know, I kinda liked it. It was almost poetic.

Now wouldn't that be cool, but I doubt I(or any other) see a cent of it.

Can't wait to hear the other shoe fall (Referring to your note about those holding longer that may of last year)

Am I reading the iBox right?
3 trillion A/S?

No kidding....
I wasn't joking in the slightest when I thought this was just like 2 years ago. The same BS is trying to drag in fresh meat.

My last post for the day. Nice to see the good guys are still around and kicking ... and thanks for all the PM's. I'm back to being a lurker again. The google news alerts keep bringing me back to check on this.

Folk's, I couldn't even sell at a loss for last years taxes. Will take the hit this year for the IRS benefit/s. Stay away. Be afraid, be very afraid.

Do you know the history of this penny?
Good grief, my post wasn't meant to be a forcast, it was a statement about this crappy thing and how it took mine and a bunch of other's money.

Best advice is, in truth, stay away. Stay really far away from this and invest in sound stocks with regular returns.

Stay away. Those rumors were here 2 years ago; many got suckered. It's the same rumor mill then and it is now.Next we'll be hearing about Tigerfish, more helicopter parts, and millions being dragged out of mine operations and other multi-million dollar aircraft ventures.

True, Sad, but interesting.

Thanks for the welcome. I just wanted to say hi and drop back again. Still been following this thing for the past 18 months while in transition here to the knoxville area. Sure don't understand how Dean can possible be free on the street and not in jail, much less still being discussed as part of this operation.

What a wicked world we live in huh?

Seems like a repeat of 2 years ago doesn't it?

All shareholders welcome, come see us.
Hmmmmmm, ..... thinking about choice words and dark allies.

That rhetoric has been on here for 2 years now....... It's still not worth responding to.

Grew to like this one huh?

~Laughing~... show me ANY stock that isn't.

What's being covered up?
Good god, stop being such a conspiracy nut. Volumes of posts don't make truth or that you're correct in your assumptions.

2-11-11 --> Jacksonville.com

http://jacksonville.com/business/2011-02-10/story/jacksonville-based-quasar-aerospace-issues-headed-courts



Jacksonville-based Quasar Aerospace issues headed to the courts
Posted: February 10, 2011 - 2:34pm
Advertisement
By Mark Basch

Quasar Aerospace Industries Inc. is a publicly-traded Jacksonville-based company that operates a flight training school called Atlantic Aviation at Herlong Airport on Jacksonville’s Westside.

Beyond that, the state of Quasar’s operations is very confusing. But a federal grand jury will apparently be trying to sort it out.

Jeff DiGenova, who was announced as Quasar’s new CEO last September, posted an update for shareholders on the Internet last week saying he has contacted federal and state authorities “to report alleged fraudulent business activities by prior management.”

The Internet posting included a copy of a subpoena issued to Quasar to submit corporate records dating back to 2007 for a grand jury hearing in U.S. District Court in Jacksonville on Feb. 23. The subpoena did not name any individuals and gave no more information about what the grand jury is investigating.

But meanwhile, former CEO Dean Bradley says DiGenova is only a shareholder of Quasar and is not authorized to take action on behalf of the company.

“He is not an officer or director of the company,” Bradley said Thursday.

When asked about allegations of fraudulent activity, Bradley said “it’s totally false.” He said he could not comment further.

New articles of incorporation were filed for Quasar on Jan. 31 that do not list DiGenova as an officer. The top officer listed is President Joshua Henderson.

Henderson said Thursday that DiGenova was voted out as CEO on Jan. 27. “The CEO position is left open at this point,” Henderson said.

But DiGenova said he was validly appointed CEO and still holds the position.

“Dean resigned and there was a board resolution that installed me as CEO,” he said.

“This will have to be resolved in the courts,” DiGenova said.

Quasar Aerospace, which has also gone by the name Quasar International Holdings Inc., emerged on the scene in 2009 with a series of press releases on planned expansion through acquisitions. The company already operated Atlantic Aviation but said it had four acquisitions of aerospace and aviation businesses in the pipeline that would add $150 million to the company’s revenue in 2010. But those deals were never consummated.

The company’s stock is traded in the pink sheets tier of the over-the-counter market under the ticker symbol “QASP” and its financial reports are posted on the OTC Markets website. Many small companies that don’t trade on the major stock exchanges file their public reports on that website, instead of the Securities and Exchange Commission’s database. But Quasar has not filed a report since the first quarter of 2010, and that showed no revenue for the company.

Meanwhile, a message on the stock quote section of the OTC website says it “has discontinued the display of quotes on www.otcmarkets.com for this security because it has been labeled Caveat Emptor (Buyer Beware) and because adequate current information has not been made available by the issuer of the securities.”

DiGenova said he is working to create value for shareholders.

“Regardless of who’s in the CEO chair, this is about protecting shareholder value and moving forward,” he said.

“This is about cleaning up much fraudulent activity,” he said.

Henderson said the investigations of possible fraud involve individuals who formerly worked for the company and do not involve the company itself.

“Quasar as a company is cooperating with all the investigations,” he said.



mark.basch@jacksonville.com, (904) 359-4308

Frankly, I don't even want to think about it :(
But I must say I really am hapy to see something changing.

Ditto for me.

Only wish the "BOLD TYPE" was true

I'm not ready........but let her rip anyway.

Mornin'

Dang, I just caught up on reading this board and i had more fun and leaned more in <100 posts then i could have read from 30,000 posts on the QASp board!

Having a blast actually. I am literally building something from nothing butr with the support from a core business already established. I haven't been able to post much because I've been so busy... and frankly it's a lot more fun than watching "my" losers on iHub.

It's COLD here, really cold. Woke up this morning to 17oF and black ice. What a switch from Houston. Went to the company christmas party last night and got back to the hotel at midnight......lots of accidents last night.

Cathouse huh? Very funny name for a board.

I may be late to see this, but...... WAY TO GO JEFF!!
Just the kind of PR I'd expect.

Never like this. The only time he was silent was when he was about to go to jail and knew it.

Jeff's not pumping.

I'm very encouraged about the updates. I think it was great of Jeff to even give us that and it surprises me that SP didn't budge.

However, I feel like some Norman Rockwell painting of a kid kicking a can when I say it.

Nice picture anyway.

It would be cool if you were talking $0.25

Me too, me too.
It sure would be nice to walk away with a new job and a few million in pocket change. LOL

No kidding. He really messed us all over. I'm just appreciative of someone like Jeff stepping in. I hope the guy does well for himself and hopefully we get some help at the same time.

It's been rough... but today's my last day. Just cruizin' the last few hours of my day until the owner cuts me loose. I don't want any excuses that I didn't give him everything he asked for.

I've been busy getting ready for a new job and a new state. But I'm hanging in with QASP. I've been maybe checking in once a day to see if there is any rational thought on this board -- now finding any, I haven't posted :)