InvestorsHub Logo
Followers 2
Posts 269
Boards Moderated 0
Alias Born 07/10/2009

Re: surfguy post# 103819

Tuesday, 04/13/2010 10:18:52 AM

Tuesday, April 13, 2010 10:18:52 AM

Post# of 375420
You don’t see where I have a problem? Dean keeps jumping the gun with PR’s that don’t come to fruition. Why state you are going to start the buyback the first week of April if you need the funding to do so. Then in the next sentence state that the funding will be closed in two to three weeks?

March 26th PR
“The corporate buyback of company shares will begin in earnest the first week of April 2010, and will continue until the company has repurchased up to twenty (20%) percent of the total outstanding shares.”

Our funding source confirmed to us in writing yesterday that the final hurdles to completion of our loan have been overcome and Quasar Aerospace Industries, Inc. will be fully funded within the next two to three weeks.

And yes, Dean updated the Market indicating that the finalization of the Loan was extended due to amendments reducing the equity position of the Lender in QASP shares. But what happens to those extra share? More to add to the O/S?

I hope QASP blows up big time and we all make a ton of money. But you have be a little skeptical with the PR’s saying one thing and then nothing happening.