So what I hear you saying is that given the high volume of share that is being turnover is the investor shooting them self in the foot over and over again or am I wrong, help we understand where I am wrong ??
Don't want my opinion.... Call Donnell.. If you are a stockholder I am confident she will & must tell you the Voting Rights(as Converted value) of and who currently owns the PFD.A's..
Better Yet... Since there is so much confusion and difference of opinion among loyal QASP holders...
Lets ask President Donnell to put out a short but direct Press Release (without forward looking statement disclaimer)discussing the PFD.A structure and their VOTING RIGHTS compared to Common shareholders.. another Email campaign.???
Simple.. and may bring PEACE y Harmony to this issue..
Note 4. Shareholders’ Equity The Company has not adopted a stock option plan for officers or employees.
For the year months ended December 31, 2012 the Company has issued 39,250,559 shares of common stock. This included 6,500,000 shares in conjunction with the conversion of long term notes payable, 6,750,000 shares as additional capital, 4,500,000 shares issued to a charitable organization, 2,500,000 shares issued as incentive compensation, 19,000,000 shares issued in lieu of past wages due, and and 559 issued for other purposes.
On June 6, 2012 the company issued 1,960 (one thousand nine hundred sixty) shares of Class A preferred stock in settlement of $98,000 due to officers for past services. These amounts included $45,000 to Joseph Canouse, $27,000 to William Cirmo, and $26,000 to Donnell Vigil.
Note 4. Shareholders’ Equity The Company has not adopted a stock option plan for officers or employees.
For the twelve months ended December 31, 2013 the Company has issued 762,852,008 shares of common stock. This included 515,118,675 shares in conjunction with the conversion of long term notes payable and 247,733,333 shares as additional new working capital.
Lebowsky Member Level Monday, 04/28/14 01:01:52 PM Re: None Post # of 304765 To anyone thinking this is a pump:
The officers of QASP only have 26 million of the 1.4 billion shares outstanding, or 1.85%.
Even if you granted that all officers dumped the entirety of their shares, there would still be 98.15% of the total shares remaining. They could never "dump" their potentially overpriced shares on us because of the minimal impact it would have on the price.
Moreover, this reduces the incentive for QASP to artificially inflate the pps because they have nothing (or very little) to gain by doing so. This means there can BE NO REVERSE SPLIT because mgmt needs 51% control.