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Wednesday, October 07, 2009 3:19:56 PM
While we are on the balance sheet, if you looked at QASP balance pre and post merge into the shell it is relatively the same. Meaning no previous shell debt. In fact, the only debt is $371k labeled now labeled as a corporate loan, but pre-merge was a aircraft loan.
So what debt is Dean paying off with shares?
Also, why have the execs taken loans out from the company? Not big ones, but they all add up.
You guys can ignore this post, or delete it, but the company is starting to smell like rotten fish.
That's my due diligence.
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