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Sharktnk

11/16/09 9:12 AM

#47619 RE: Sharktnk #47613

Curious about some of the conversation the last few days regarding the buy back. Some are talking about it as 'resuming' this week. From the PR;

JACKSONVILLE, FL--(Marketwire - November 2, 2009) - Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP)

Dean Bradley, the CEO of Quasar Aerospace Industries, Inc., has notified the company that he has completed his purchase of $50,000 of Quasar Aerospace Industries shares. This purchase was in compliance with SEC Rule 10b-18 and the shares become restricted under Rule 144.

The Company will now resume its Buy Back Program, and the Board of Directors has authorized the officers to repurchase up to 20% of the total outstanding shares. It has approved the repurchase of up to $250,000 worth of stock for the first two weeks of November. These shares will be retired to Treasury Stock and reduce the number of outstanding shares of the company.


Wouldn't that have ended last week?

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rickszy

11/16/09 10:00 PM

#47979 RE: Sharktnk #47613

Thank you Shark for your very honest opinion and take on this! I am still on the fence looking in. I must say that it does not make it any easier to pull the trigger on this when 350M in financing is purportedly in the works and the pps went down nearly 5% today!

I will continue to watch this and will be lurking in the wings. GLTA … rs