Thursday, August 19, 2010 12:52:09 AM
Well...here goes....
After lunch today, I took a nap in the hammock on the deck and woke up with a good case of sunburn and a vivid rememberance of a dream about a QASP press release...
Three items were covered in same release...
1) Funding... $155 million in 9% 10 year notes with lender receiving options for 10% of outstanding new shares.
2) 100 to 1 reverse split
3) Buyback... $30 Million of funding for share buyback in next 12 months,timing based upon market coditions as determined by BOD.
Unfortunatly, do not remember a date on the release...
Only time will tell this was a look into the future or a reaction to the sun and the Corvina con Ajo I had for lunch.... ???
Peace
SJOGRINGO
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