Proof Dean purposely Mis-Led Investors: Why did Dean do this?
6-17-2009:Quasar Aerospace Industries, Inc. Announces an Agreement for Its Third Acquisition
Quasar Aerospace Industries, Inc. is pleased to announce the signing of an agreement to acquire a third aviation/aerospace company. The full Board of Directors of the company to be acquired unanimously approved recommending to the shareholders that they accept the offer of One Dollar per share for the 18,000,000 shares outstanding. The members of the Board hold over 80% of the outstanding stock so shareholder approval is certain to be obtained.The company's name for the obvious reasons must remain anonymous until the transaction is closed, which is scheduled for the middle of August of this year. This acquisition will add approximately $18,000,000 to our annual revenues and $3,750,000 to the bottom line. The current management team will remain intact. Quasar's management team has been closely associated with this company for over three years, and is extremely pleased that they have elected to join our family of companies. Chief Executive Officer Dean Bradley said that this acquisition will open other opportunities that we will pursue in coming months that could conceivably double the forecast for 2010.
3-19-2010:
Dean Bradley, the CEO of Quasar Aerospace Industries, Inc. announces the acquisition of Corporate Air Repair, Inc.
4-30-2010:
The funding is in our bank for closing Acquisition #3, which will occur the 6th of May
5-6-2010
Dean Bradley, the CEO of Quasar Aerospace Industries, Inc. announces closing the acquisition of Corporate Air Repair, Inc. The payment for this wholly owned subsidiary was made and the stock of the company delivered to us by the owner and his attorney. Closing this transaction, which is the third acquisition to be closed (not Target Acquisition #3)
Dean can no longer hide behind the SEC safe harbor notice that any statements made are forward looking. Dean has always made reference to aquisition number 3 as being the original target aquisition. The CAR name and the fact that it wasn't the original aquisition target were left out of the PR on 4-3-2010 and led investors to believe we were getting the original aquisition #3 that was PR'd last year on 6-17-2009. Yesterday's PR also sounds earily similar in the fact that stock was transferred and the staff is remaining on board.
It's all about What Dean Doesn't put in the PR's that is concerning to me. The way these PR's were stated it sounds like #3 are two seperate aquis but they are indeed the same and Dean had to know this when he put out that PR. All this IMO
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