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Re: War_Eagle215 post# 135477

Tuesday, 06/01/2010 10:59:16 AM

Tuesday, June 01, 2010 10:59:16 AM

Post# of 375420
Why don't you actually READ the PR. You will note that this loan hasn't happened yet. It is contingent upon delivery of "investment grade collateral" Just exactly where does "investment grade collateral" come from, since the A/S is nearly gone. (Not that stock in an OTC pink qualifies anyway).

"Once the investment grade collateral has been issued, the Ten Million Dollars ($10mm) in loan proceeds for Quasar Aerospace Industries, Inc. (QASP) will close within 7 banking days. This first commitment of assets is expected to close within the next 5 business days from today, June 1st, and the investment grade collateral will close within 5 business days thereafter."

I for the life of me can't understand why some here seem to think the introduction of venture capital is a good thing anyway. It's ALWAYS bad news for shareholders.