The CEO of Quasar Aerospace Industries, Inc., Dean Bradley, (PINKSHEETS: QASP) announces that Newby and Associates has acknowledged that its institution is in receipt of the necessary Quasar Aerospace Industries, Inc. stock to secure the necessary bridge financing of $500,000.00 which shall cover expenses for the investment grade collateral securing the first $10,000,000 loan. This statement confirms the Press Release of May 24, 2010 wherein it was stated that $5,000,000 of the $10,000,000 will be used to cover expenses for investment grade collateral securing the $100,000,000 loan.
Yes...Don't know how many. He was given shares for 500K bridge loan.
No reference to 750K cash that Dean claims he gave(still can't figure it out).
500k at that time share price was close to 100million at .005 PPS during june and stock was trading
at .01-.015 range. I firmly believed all was sold in open market before June 30th when we say a big dump at .024 range (100million + volume day)