General Update Posted by jeffdigenova at 8:15 am, December 5th 2010.
I appreciate all the responses we have received and understand the concerns of the shareholders. I stated in my last entry that "good or bad" I would update the shareholders on our progress and that is exactly what I meant. We are dealing with several lenders and looking at several courses of action, so obviously that is why that phrase was used. My number one concern is in building a real business and am content to let our actions speak for themselves.
Past history nor the current financial situation of Quasar will hinder us in moving forward, but they definitely have affected some of our options. I realize we all have a hole to climb out of and the only way this will be possible is through honest and verifiable dealings. I did not accept this responsibility blindly and believe that while success is not guaranteed, it is achievable.
I would also like to extend our thoughts and prayers to the Zell and Hess families. Marty was a staunch shareholder advocate and he will be missed from our family.