Mr. Samples, I remember reading a post of yours in which you said you could guarantee that Jeff would not go to the authorities, nor would he ever turn on Dean.
You could not have been more incorrect!
Jeff DiGenova, CEO and President of Quasar, contacted the appropriate authorities in early October of 2010 to report alleged fraudulent business activities by prior management. Since Quasar’s initial contact with the authorities, the Federal Bureau of Investigation, the Securities and Exchange Commission, the Internal Revenue Service, the State Attorney’s Office, and the Jacksonville Sheriff’s Office are involved in the substantial investigation of fraudulent activities on the part of certain prior management and accomplices.
I have also seen asked many times….If the recent filings were fraudulent, then why didn’t Jeff put out a PR that said so:
I have waited to issue a response to recent events until given clearance by the proper authorities. For all those who have questioned the recent filings and their authenticity, there is no questioning the attached subpoena and other documents:
I think this is going to be very informing going forward. You have to assume that if they want records going back to the EQUS days, who else got served? I wonder if Joe Canouse and Scott Martin received theirs yet. What about the Betros family? One thing is for sure, you can bet that Jeff is not the only one.
Here’s another thing to keep in mind. We only know a few details now about the FBI investigation, and that is because Mr. DiGenova chose to inform us. Now that the Fed case is public knowledge, I would imagine that the State will rapidly pursue their case now.
Why would they do it rapidly? Because Dean just made fraudulent filings changing the capital stock structure of a public company, therefore putting the public in harms way. Dean is under investigation, and still trying to do it again, therefore he is an immediate threat. So for those of you who are worried that this could go on for months, keep this in mind. I believe the State will act in a manner to protect its citizens.
I believe Jeff has done everything he said he would and I think over time, our naysayers will start to see Quasar, not for what it was, but for what it is now.
Those that are concerned about the merger with Centaflix should realize that this will add value to the company. Basically Quasar is not worth much as it stands right now, so you own 100% of very little. I for one would much rather own 25% of something valuable, than 100% of nothing. Keep in mind that Jeff is a shareholder. He says that this will add value.
Do the math, would you rather own a million shares of .0025 stock or 250K shares of a .10 stock
1,000,000 X .0025 = $2500.00
250,000 X .10 = $25,000.00
Before you start worrying too much about splits, lets find out what Centaflix is worth.
GLTA
Some days your the bug, Some days your the windshield!!!
AI
