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Thursday, June 24, 2010 12:37:49 PM
WIRE) -- 06/24/10 -- The CEO of Quasar Aerospace Industries, Inc. (QASP:$0.0135,$-0.0005,-3.57%) , Dean Bradley, announces that Newby and Associates has received confirmation of funds issued against the $125mm standby letter of credit from the funding
bank. The funds for the $110mm loan being made to Quasar Aerospace Industries, Inc.
(QASP:$0.0135,$-0.0005,-3.57%) will be made available immediately upon Newby and Associates fulfilling the final two conditions required by the issuer of the standby letter of credit (SBLC). Newby and Associates anticipates that these conditions will be met within the next 72 hours.
Curious as to why they split the sentence about the funds into two paragraphs? No biggy, just weird....I thought they were supposed to have fixed things like that with their new PR people. :<)
I hope that the 72 hrs. started Monday and the contracts are now being inked and another PR written, with no chance of ambiguity and ammo for the bears.
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