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Wednesday, February 24, 2010 12:54:41 PM
For your efforts and your sharing this witl all to see and show QASP is for real. I especially like the info on QASP uplisting, the buyback, the bond was Sold and Funded and 9 Total Acquisitions !
Good Job.
OK, so here it is...
I called shortly after 6am PST this morning to see if I could catch him early, but he wasn't in the office yet and was told he would be there within a half an hour (per the secretary). I left my name and number and Dean ended up calling me back within half a hour. - I only include this information as well because I think this by itself 'says' more about the man than just what he told me...
Anyways, I asked a series of questions one after another and he seemed very matter of fact & straight forward with me throughout the whole conversation. After I introduced myself and before I asked any questions, he did forewarn me that he would not gaurantee he could or would answer all of my questions. Which was to be expected anyways.
Here is what I asked:
Is a reverse split a possibility that is will be considered at a later date? And if so, will it only be in order to uplist?
He said he wouldn't comment on this.
How many more shares will the Hudson MM be given to sell into the market?
No comment as well.
I asked him later why the O/S was increasing by different blocks in different days instead of one large block.
He said there were reasons for this but he couldn't tell me at this time why.
I asked for him to confirm details about the 40% of the O/S going to the lender.
He said it is in relation to the time of issuance, but he didn't say when that issuance was or would be.
I asked if the reason the first 2 acquisitions weren't announced yet was because of NDA agreements in relation to # 3 and #4.
He said it was in relation to that and if anyone knew the first two, it would be cause or could cause a lot of trouble before everything was finalized with 3 & 4.
I asked if there would be a PR soon (within a week) regarding the first 4 acquisitions.
He said there would be a PR 'soon' regarding the results and reasons for the recent meeting in Germany. He would not say when approximately he would PR more information about the first 4 acquisitions.
This is a very important one IMO... I asked if the bond was sold and funded earlier this month because I told him that I heard rumors regarding this.
He confirmed with me that that is what he heard too i.e. that it wasn't untrue... - which IMO means he told me in what way he could that was true.
I asked if he will be going back to Chicago soon to finalize the first 4 acquisitions.
He said he would be but didn't give me an ETA.
I asked him about the reasons for the recent dilution the past few months.
He said that it was due in large part to the JV with Tigerfish and the option with Mineseeker. - which confirms my own speculation about it as well.
I asked him what steps will there be for further transparency. I asked specifically about a conference call...
He said he will be having a meeting next Monday to discuss the date of a "shareholder" meeting that will most likely take place within a month.
He added that after the 9 acquisition are done and the audited financials, that there would be another conference call. He also added, without me asking, that they would be filing the audited financials and disclosure within 30 days. No other details divulged about that though. And that the shareholder meeting would take place in Jacksonville.
I asked about any plans to resume/start buy back (as I haven't seen any evidence of it for the past few months myself prior to today).
He said he still plans on buying back upto 20% of the float, not the O/S now because it would give enough shares to the lender. But the buyback would take place again.
After I got back to work and read that DBAB was active again, I called Dean back and asked him if indeed the buyback was back into effect starting as of today.
He said "yes."
To answer posts asking why I took a couple hours to update the board. They should re-read my post earlier this morning. It specifically said it would be a couple of hours. And IMO, I wasn't trying to pump at all. All I said was there were questions and answers.
investorshub.advfn.com/boards/read_msg.aspx?message_id=47013443
I will not baselessly pump this stock ever, in fact I personally view that as annoying and damaging as baseless bashing.
Anyways... to add, I am currently trying to get personal confirmation of the bond being funded already and will update the board if/when I get solid DD on that. I have made some progress on this front though IMO, just in the last 24 hours.
I would also like to add that I found my conversation very beneficial. Anyone can read anything they want into it for their own agenda and bias, but I believe that Dean has been diluting for good reasons, not bad. That Dean has been progressing (albeit with delays) continuously on his goals. Dean seems to me to be one not to wait on delays idly, he is moving forward regardless if there are hitches or not.
And now to see DBAB being reactivated futher confirms what Dean told me as well. If anyone watches L2, DBAB hasn't been active for months. Today is the first day they have been in the mix. That is good news to me as well.
I remain very confident.
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