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Monday, 06/27/2011 12:45:39 PM

Monday, June 27, 2011 12:45:39 PM

Post# of 37856
FW: Update
From:
Mike Kendrick <MKendrick@mineseeker.com>
Add to Contacts
To: xxx xxx<xxx.xxx@xxx.xxx>
Hi xxx, please forgive me for not fully replying but rather attaching a copy of a not to two other QASP shareholders. I hope this is OK . If you have any further question, feel free to ask.



Disclaimer - June 27, 2011
This email and any files transmitted with it are confidential and intended solely for xxx. If you are not the named addressee you should not disseminate, distribute, copy or alter this email. Any views or opinions presented in this email are solely those of the author and might not represent those of . Warning: Although has taken reasonable precautions to ensure no viruses are present in this email, the company cannot accept responsibility for any loss or damage arising from the use of this email or attachments.
From: Mike Kendrick
Sent: 27 June 2011 17:28
To: 'xxx'
Cc: 'xxx'
Subject: Update

Hi xxx, I have given some thought to your predicament and felt it about time you had an explanation. I have also copied this to xxx, given his email to me of today.
Regards,

Dear xxx,

Thank you for the reply. I do understand your position and I have tried to help and accommodate the QASP shareholders.
Let me explain how.
Firstly, you must understand that we were let down very badly by QASP. They stopped the agreed funding, suddenly and without notice, at a critical time in our programme. This caused enormous damage to our progress – right in the middle of our Croatia demonstration.
On top of that disappointment, some of the QASP shareholders were making libellous claims against us on a public forum. Others were contacting the Croatian authorities to check on our bonifides and not believing we were even in Croatia. One contacted the company of our partner, who passed away suddenly on the basis that we may have made up that story. Incredibly distasteful and unprofessional.
So, at that point, I think you will understand why we wanted nothing to do with QASP. We were being slandered and QASP had reneged on the deal. The contract states quite clearly that the payments were non returnable options.
It then became apparent that Joe Canouse may sue Mineseeker for the $1.7 million that QASP had paid to Mineseeker. In fairness to Joe, he told us he had not seen the agreements and knew of no non-returnable options. We sent Joe copies of the documents two weeks ago and on the 17th of June he acknowledged that he had not seen them before and that they ‘ shed light on your perspective’. Joe's claims were further complicated by Dean Bradley who has written to the Mineseeker stating that much of the cash advanced, came from him personally, not from QASP. The stated that the QASP books did not show any money due from Mineseeker and that we owned him the money. The statement that no debt by Mineseeker was in the books came at a time when Dean was, undisputedly ( I think) the president of QASP.

However, Jeff DiGenova, argued long and hard for the QASP shareholders, stating that many had lost money – some their life savings- and some had only invested as they believed in Mineseeker. This persuaded me that we should take another look at this situation and I offered QASP 4% of common stock in our public entity.
The sequence of events was as follows;
We received several offers to merge with Trophy, from Dean Bradley who explained that he and Joe Canuse owned the company (Trophy) and they would like to work with us.
We met Joe Canuse, Dean Bradley and Donna Virgil during our most recent visit to Jacksonville. I agreed to this meeting on the basis that QASP would not be discussed. We were only listening to an offer from Trophy. We took the details of this offer to our legal counsel who, like ourselves, questioned the legality and ethics of the proposed arrangement. Joe wrote to us formally with this offer which we rejected. We were surprised that these confidential conversations and proposed agreements were emailed to other parties. The details of that breach are being held for future action, if and when necessary.
We made an in good faith offer to QASP, via Joe on the above described 4% of common stock. I assume Joe put this to the QASP shareholders. He did not reply to us formally, although he informed by telephone that it was of no interest. We wrote back to him informing him that the offer was open until 21st of June. We received no response and the offer lapsed.

It seems to me that a section of QASP shareholders are determined, at all cost, to spoil any attempt by NHSH to make a deal with Mineseeker, although, the arrangement would obviously be to the advantage of most . Now, an attack on Dan DiGenova, a young man making his way in life, is subjected to vicious rumours and attacks on his personal integrity. I can tell you that we consider Dan to be a fine young man and our DD would have quickly picked up any questionable behaviour on his part. We have received the shareholders registry related documents and will have warrants to support them. The accusation is obviously false and is simply designed to cause damage to the main body of QASP shareholders, while benefiting one or two.
As far as the accusations against Mineseeker and me personally, we are in the process of subpoenaing a website, Investors Hub, to identify the perpetrators of many false and malicious statements.
I am not in the habit of writing long diatribes but felt this story should be set on record.

Please feel free to post this anywhere you wish. I would be happy to respond to any sensible questions.




Mike Kendrick
Founder.

The Mineseeker Foundation.
The Control Tower. Wolverhampton Business Airport.
Bobbington. Stourbridge. DY7 5DY
T. 01384 904020.
M. 07802 395969
www.mineseeker.org. www.mineseeker.com. www.thesoleofarica.za.org


www.thesoleofarica.za.org

Everything I post is in my own opinion. Do not buy or sell securities based on what I post, always do your own DD.


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