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Re: Flyguy post# 258155

Tuesday, 06/12/2012 11:13:37 AM

Tuesday, June 12, 2012 11:13:37 AM

Post# of 375420
One simple question...why would Joe Canouse send Minseeker a "Letter of Intent" on June 1, 2011 stating that the “WHEREAS QASP HAS MADE PREVIOUS INVESTMENTS INTO MOOL OF APPROXIMATELY $1.75MM AS AN EQUITY INVESTMENT BUT HAD NOT COMPLETED A $4MM INVESTMENT PER PREVIOUS AGREEMENT”?

All along he is saying it was a loan, but he sends a LOI Mentioning the agreement that Quasar had with Minseeker, as well as, not completing the the $4mm investment!!!

Not controlling docs you say? I am sure Joe has a few hundred more in his head that he still has to get out, onto paper. I am also sure that Joe, has meetings at Dean's old "Mirror"!!!

Fact is Joe wrote this LOI and sent it to Minseeker...WHY? Other than, Joe knows that the Option and Share Exchange Agreement is in force...then why spend all this money on litigation when he could be building Quasar's flight school?



GeneO