Monday, May 06, 2013 4:43:56 PM
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Jul 19, 2010, 12:58pm EDT UPDATED: Jul 19, 2010, 2:28pm EDT
Quasar Aerospace alleges stock manipulation
Kimberly Morrison
Staff Writer
Quasar Aerospace Industries Inc. said it plans to sue several unnamed parties for alleged stock manipulation.
The Jacksonville aviation company’s board of directors met in a special session July 15 to consult with securities and general counsel, after which the board approved authorization for CEO Dean Bradley to retain a special litigation law firm to sue “a number of alleged stock manipulators and IHUB for alleged stock manipulation and slander.” IHUB, or Investors Hub, is a financial forum where stock traders discuss publicly traded companies.
“Mineseeker Operations is concerned that persons representing themselves as Quasar shareholders are going to unreasonable lengths to obtain confidential and business-sensitive information and putting this in the public domain,” the company said in a news release. “Mineseeker Operations will not comment on the business relationship between themselves and Quasar for obvious legal reasons. Requests are also being made of the Mineseeker Operations suppliers, staff and the Government authorities. Mineseeker has no way of validating if these inquiries come from Quasar shareholders or, in fact, competitors purporting to be shareholders.”
Quasar in April invested about $1 million to take a 51 percent stake in Mineseeker Operations, an aerial surveying service deployed to detect land mines.
Quasar (PINK: QASP) has apparently been battling unfavorable comments on forums about the two companies.
“Many of the comments on the Quasar investment forums, which are in the public domain, are at best speculative and in many cases inaccurate and misleading,” the company said in the release. “It is apparent that some are designed deliberately to damage the progress and reputation of Quasar and Mineseeker Operations. This type of action is also harming the relationship of Mineseeker Operations and Quasar. We assume that the comments are coming from persons who have a vested interest in seeing the project fail. It seems unlikely that anyone with a financial interest in Quasar would become involved in such a destructive activity. It would not make sense.”
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Jeffrey Digenova was a mod of QASP in this timeframe.
Jeffrey Digenova had already accomplished two debt wraps with Quasar with Dean Bradley as CEO DURING THIS TIMEFRAME
a few months later in 2010 Jeffrey Digenova became CEO of QUASAR
on Sept 22 2010.
then a couple of months later
On Dec 17 2010 Jeffrey Digenova purchased the Nhs shell while Jeffrey was still the Ceo of QUASAR.
On Jan 27 2011 Jeffrey Digenova was fired as Ceo of Quasar.
On Jan 28 and Jan 31 2011 two consecutive trading days, of a friday and monday, QASP (quasar) traded over 220 million shares.
during this time frame QUASAR legally was in control of MS, and now after court action by QUASAR and then a settlement Quasar now owns the control block of Nhsh, which includes the rights to MS.
jmho
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