InvestorsHub Logo
Followers 74
Posts 7301
Boards Moderated 0
Alias Born 09/09/2009

Re: None

Friday, 04/30/2010 4:20:45 PM

Friday, April 30, 2010 4:20:45 PM

Post# of 375420
4 Things to know about the PR:

1. "The funding is in our bank for closing Acquisition #3" The funding is real, and part of (if not all of) it is in the bank. $15M is 1B shares sold at .015 (much higher then most of the dilution) so this funding is not from dilution

2. QASP will "recapture its $15 million investment plus interest prior to any distribution of profits" so if they sold the parts for even 125M and split the profits three ways they would make 36M+

3. "...sold/distributed worldwide over the next 5-7 years." QASP is going to be around for a long time, hence looking to the long term. The funding and acquisition are the biggest concern of the company, not shareholders trying to pull a quick 10 bagger

4. "The effective date of our takeover is May 1st. The details and name will be disclosed in a PR that afternoon." Expect a PR tomorrow