Green Energy Enterprises Inc. (GYOG)

[Porgie Tirebiter]

It depends on how one defines "active student". Here's how it really works at a typical two-bit flight school which is all Quasar has ever been.

Out of all the people who come in for that introductory flight, some small percentage will actually begin taking flying lessons. And that means they come in and rent a C-172 for maybe $125 an hour and pay the instructor maybe $30 an hour. And they pay for one hour at a time.

Out of those that take lessons, a smaller percentage will actually solo. Out of those that solo, a smaller percentage will actually attain a private certificate. A savvy student should be able to get a private ticket for less than $8,000.

Out of all those that get a private ticket, another small percentage will go on to commercial/instrument, then maybe get a CFI and maybe work for the flight school to accumulate hours.

So if someone calls Ms. Vigil and asks how many students Atlantic has, and she glances at the stack of student logbooks on the shelf over there and reports 48... Personally, I have no reason to doubt it.

But the scenario that students walk in and plonk down 60K each and walk out the door with 4 gold stripes on the shoulder leaping into airliner cockpits is a scenario presented strictly for the potential investors in QASP. It has no basis in the real world, where the CFI's sleep in their cars.