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Alias Born 04/06/2013

Re: texkengold post# 8821

Monday, 05/06/2013 5:56:41 PM

Monday, May 06, 2013 5:56:41 PM

Post# of 18231
This is just as incorrect as you could be.. I have read all of the details that are available to everyone and do not seethe point of posting information that is obviously wrong. Quasar did not pay one million for 51%. The agreement is clear. qasp was supposed to pay $4 million for equity and provide a $6 million line of credit. and started making payments then ran out of money after paying about $1.5 million in non returnable options and then stopped making the payments. Do you think that MO should then have said " Oops, never mind, despite the damage and financial hardship this has caused, we will forget that the options were non returnable and pretend we owe you the money". The fact is that Qasp messed up, IMO and are lucky to have agreed to a written settlement to avoid being sued. IMO, shareholder are right to be mad as hell with the Qasp managment and should take action against that managment. Right after this JC tried to take the Deal awayi from Qasp and into another one of his companies called Trophy. MO refused. All the docs are available for anyone to see.