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Thursday, January 14, 2010 12:16:05 PM
Quasar Aerospace, announced that at a regularly scheduled meeting of its board of directors today, the board authorized upon completion of funding of previous announced acquisitions Quasar will begin to repurchase up to ten percent (10 %) of the companies issued and outstanding shares at the companies sole discretion. There will be no fixed termination date for the repurchase program and can be expanded to up to twenty percent (20%) at the discretion of the management committee.
Did anyone make this possible connection? Could be that funding is completed and now buyback is in progress. Its says it right here in this PR that one will trigger the next. What do you all think? Does this possibly tell us that the funding is indeed completed? Not trying to pump......just trying to connect the dots. Maybe I'm reading too much into this.
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