Lets see DBAB get back on track for tomorrows continuation of the buy back program. Todays action was confusing but there is no doubt things are happening behind the scenes that we are not aware of.
Meanwhile, a little clarification on the number of acquisitions CURRENTLY in progress:
During the next year, Quasar Aerospace Industries plans to pursue a selective growth strategy. The Company will close the six acquisitions that are currently in progress. In addition, Quasar will evaluate and improve the synergies that result from having them under the corporate umbrella. These synergies include centralized purchasing, health care, accounting and legal support, etc. In addition, the Company will continue the development of our VLJ and trainer aircraft, moving toward first flight and the subsequent certification by the FAA. The Company will continue the expansion of Atlantic Aviation's flight training program. Currently, the Company is working with the State Department and TSA in anticipation of opportunities to recruit foreign flight students. Quasar has begun negotiations to fund Quasar Financial Corporation with capital that will enable it to finance the sale of our finished aircraft. The Company will begin the stock buy-back program on or about September 28, 2009. It is our intention to work toward acquiring approximately 20% of our outstanding shares for use in our stock incentive programs for key employees in the various subsidiaries.
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