Sounds to me like QASR is a stand up company doing the right thing, Dean, well shall i say sour grapes!
The most absurd part of it all, This happen 3 years ago!! lol... It's not even relavent today! Dean is long gone and company protected it's share structure.
07/19/11
Quasar, its officers and directors, have taken action to preclude its former chairman, Mr. Dean Bradley, from voting or converting his preferred shares due to potential actions of fraud, self dealing and the release of inaccurate public statements to the public. The company has taken this action in order to protect the company and its shareholders from further harm. Upon concluding our own investigation, we reserve the right to cancel those shares and seek further damage.