News Focus
News Focus
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Militia Man

05/24/14 5:08 PM

#315476 RE: Summitgains #315475

Check out the re play on the conference call. Explains what is up..
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TRADE-O-PUSS

05/24/14 5:15 PM

#315478 RE: Summitgains #315475

That deal is on the back burner due to residency issues (company and shareholders need to be CO residents in order to acquire a dispensary). Legal is still attempting to solidify, but QASP main focus is hydroponic grow acquisition.
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brando5

05/25/14 3:38 AM

#315532 RE: Summitgains #315475

The info about the complications arising ftom the legality of this deal have been discussed. The legal group is figuring out a way it can be done to follow all legal mj laws that have been setup in CO concerning dispensaries. There are a couple possible ways Quasar can work with the dispensary legally share its revenue and be a partner. We won't acquire it only work with the dispensary as a partner somehow. There may be a surprise PR in future on this possibly. Hydroponics store is more profitable and legal.
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usgirls

05/30/14 5:35 PM

#317086 RE: Summitgains #315475

Quasar Retains Legal Counsel
JACKSONVILLE, FL--(Marketwired - May 30, 2014) - Quasar Aerospace Industries, Inc. (OTC Pink: QASP) (PINKSHEETS: QASP) ("Quasar" or "the Company")

Quasar Aerospace Industries, Inc.is pleased to announce it has retained an SEC and Corporate law firm as legal counsel to the Corporation. Given our plans for being a service provider in the Legal and Medical Marijuana Industry it was necessary to retain a firm of this stature to assist us with the challenges of that growth.

(HOPEFULLY THE SEC & CORPORATE LEGAL COUNCIL WAS RETAINED WAY BACK A MONTH OR SO AGO WHEN QASP DECIDED TO VENTURE INTO THIS SECTOR > IF THIS IS SOMETHING THAT WAS JUST DONE THIS WEEK / OR WOW WE WILL HAVE A LONG ROAD TO TRAVEL FROM HERE BEFORE ANYTHING SPELLS OUT PROFITS FOR LONG SHAREHOLDERS > THE FLIPPERS WILL LIKE IT THOUGH)

The law firm is well versed in representingpublicly traded companies in this industry and shall serve to aid the Corporation in remaining compliant with the SEC and other reporting agencies.

(THIS NEXT STATEMENT IS SCARY > IT SAYS IMMEDIATELY AS IN JUST GOT TO IT RECENTLY TODAY!)

The firm is immediately tasked with drafting the definitive documents for the closing with the premier Colorado hydroponic and scientific grow supply store.

The firm is establishing an escrow account for the final closing on our previously announced acquisition. The Corporation is currently on target for closing this acquisition and looks forward to its future growth and expansion in all aspects of its operations. Counsel will be assisting Quasar in navigating some of the problems other public companieshave experienced in this sector.

The firm will also be tasked with filing the SEC Form 10 for the Corporation in its effort to become a fully reporting company. We currently anticipate completing this process no later than the end of the year. Upon closing of our acquisition we will retain an auditor as part of this process.

This will be another major milestone achieved for the Corporation which we believe will enhance our overallvaluation and opportunities.