U.S. Aerospace, Inc (USAE)

[J Sim]

I don't really see how this is a significant development for USAE in that the old NCNC takes its big debt, merges and renames itself USAE, and then sells its NCNC business without the debt back to Duquette while USAE is stuck with the old NCNC debt.
Great deal for Duquette and an accounting trick for USAE as now they have a $1 million gain. Of course it only cost them $4-5 million.
Of course with all of the wonderful news we've really made improvements in stock price - not. Today is great with one $2,500 purchase raising the price by %14.