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Re: Britpack post# 238629

Monday, 06/27/2011 12:56:49 PM

Monday, June 27, 2011 12:56:49 PM

Post# of 375420
Thanks Brit...

This is an eye opener....The Truth Joe, The Truth...

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.



Did we have a shareholder vote on this?

Trophy and not Quasar Aerospace...I hope you all got that part!!!


GeneO