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Re: rl71852 post# 231467

Wednesday, 04/27/2011 9:10:01 AM

Wednesday, April 27, 2011 9:10:01 AM

Post# of 375420
rl7: Can you post the exact email response. While I was pleasently surprised that Owens indicated he was going the registration route, a registration is a costly and time consuming procedures. I am not an attorney, a certainly not a securities attorney, but I believe the financials would have to be audited for both companies.

Owens said he does not have audited numbers for Centa and we know QASP was never audited. This is itself would be very costly and time consuming in itself. While Centa is presumably clean, QASP would require a forensic audit due to poor book keeping.

This is where I have a problem with Owens, he may be tech smart, but appears to lack some business acumen. In the most recent web update, he said they were going to hire an attorney to do the registration. Well, duh, you can't do a registration without a securities attorney.

The easiest route, and the route I would chose, would be restricted shares.

But we will see what Centa merges into and how that share structure is set up to give better insight into how QASP shares will be treated. This is supposed to happen this week.