Update to my 11.19 posting.
As many here have learned from my prior posts, I was an original Equus investor with a large amount of early knowledge of both Equus & Quasar. These are my current estimates and assumptions. I believe I’m correct.
Free Trading Share estimate about 191,000,000, of about 600,000,000 issued.
Start with, 600,000,000 Issued and OS at 11.18.09,
Less 54,000,000 locked up for Inver Finance Ltd *
Less 22,000,000 Quasar & Dean buy back commitment.**
Less 42,500,000 restricted not being released ***
Less 55,000,000 “NET” free trading held by insiders ****
Less 17,500,000 free trading held by 504’s *****
409,000,000
* With reference to the Inver agreement:
I find it curious that 9% of 600,000,000 OS = 54,000,000
13,500,000 million x 4 happens to be = 54,000,000
4 also happens to be the number of 13,500,000 blocks issued these past few weeks.
These last 54,000,000 are Restricted, issued and locked up to be held as collateral in hand for the “viatical” financing. They are not free trading.
** To date, Dean & Quasar have only purchased about 22,000,000 shares, all converting to rule 144 restricted shares.
*** Over the last few months, I have spoken with many others who still hold original EQUR restricted shares, issued by the former crooks. I have learned many of these individuals, including the original management cannot get their restrictions removed, because they aren’t able to prove how they earned or purchased same from the prior crooks. It seems prior management used the issuance of stock as their personal cash register, and never kept appropriate records, thus one of the difficulties in preparing an audited financial statement. My estimate is, 40-45 million restricted shs, are not being released, at this time, and possibly never.
**** 110 million shares were held at time of merger by insiders from the 3 groups who litigated and took over the EQUR shell from the prior crooks (Betros group, Watson group, Zell group). These were both free trading and restricted. I estimate about 50 - 60 million “NET” free trading of their original investment, will NOT be sold off at this level. All are closely working with Dean in this new venture. I believe they have sold or will be selling approx 50%, so as to just get back their original investments, therefore the net figure above.
***** Shares still held back from sale by 504’s I estimate are about 15-20 million free trading. They too know what’s coming, and I cannot believe they were stupid enough to have sold all they hold.
I strongly believe there WILL NOT be any further dilution.
This Deal is REAL!
