Wednesday, November 04, 2009 1:25:35 AM
1.) We were told the OS would not likely go up as they had enough money....Dilution Started not even 2 weeks later.
2.) Company Buyback....kinda working but not really. What did they buyback 30mil ?? what did the OS go up.....over 200mil. Also the way they worded the PR it sound like the shares would be retired. Are they...NO!!!! That was discovered in a filing and many were surprised. To top things off I even email Dean about the buyback and he lead me to believe the shares were going to be retired.
3.)Acquisitions were ready to go and they couldn't get all the people in one place to complete the paperwork. They are now working towards it being three months late and still no word. What kind of CEO can't get a group of people together that are going to be work for him!!!!
4.) Oct 26th QASP paid a stock promoter $14,000 for what.....isn't the CEO buying and the company buying back shares????? Why would they want to PUMP the stock if they are buying....One more big huge flag....BIG HUGE RED FLAG. Right here at the bottom of this link.
http://www.stockguru.com/2009/10/breaking-news-quasar-aerospace-industries-inc-qasp-up-46-on-disclosure-of-ceo-buying-shares/
5.)Lastly but important. For every 1 share the OS increases the Fully diluted shares go up by three because of a 70% conversion factor for the preferred.
So who brought the bears here??? Somebody that works for a short??? or many shareholders learning that this is not all it made out to be and their investment is down 50%+ because of false and misleading PRs, emails and direct communications from Dean and IR.
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