News Focus
News Focus
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Leto

02/24/10 12:20 PM

#86062 RE: iKauai #86058

Excellent Q and A well done! I will certainly be attending the shareholder meeting in jacksonville.
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Sparce

02/24/10 12:20 PM

#86063 RE: iKauai #86058

Thank you. Great of you to call and ask those questions!
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Mineiro

02/24/10 12:21 PM

#86065 RE: iKauai #86058

Nice work iKauai.
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Eli's Gone

02/24/10 12:21 PM

#86066 RE: iKauai #86058

Thanks...
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spongeni

02/24/10 12:22 PM

#86068 RE: iKauai #86058

Thanks for sharing ikauai. Well done. Looking forward to any DD on the bond funding you can find. An appology from Boomer is in order. GO DEAN!!
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amc

02/24/10 12:26 PM

#86070 RE: iKauai #86058

Any ballpark numbers on the float?
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Eli's Gone

02/24/10 12:28 PM

#86072 RE: iKauai #86058

re: shareholder meeting...looks like he is following the rules as stated in the company bylaws-good to see...

6. STOCKHOLDER MEETINGS.
- TIME. The annual meeting shall be held on the date and at the time fixed, from
time to time, by the directors, provided, that the first annual meeting shall be held on a date within
thirteen months after the organization of the corporation
, and each successive annual meeting shall
be held on a date within thirteen months after the date of the preceding annual meeting. A special
meeting shall be held on the date and at the time fixed by the directors.


http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=21263
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SSEquus

02/24/10 12:30 PM

#86076 RE: iKauai #86058

Not sure if anyone else caught this, but the acquisition number is up to NINE(9). We know he has mentioned the 6, plust the 2 JV's, but that is adding three more to the mix.

Thanks for calling and getting this information. I think it will help calm some nerves around here. The buyback will move this stock up not down as some have said. Once all the weak hands have sold, the buy back will move this up and put it on solid ground.

GLTA

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Infinitygold

02/24/10 12:32 PM

#86077 RE: iKauai #86058

He said he still plans on buying back upto 20% of the float, not the O/S now because it would give enough shares to the lender. But the buyback would take place again.




So this does indicate that there are shares which were being issued as retricted.
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The Financier

02/24/10 12:34 PM

#86081 RE: iKauai #86058

"This is a very important one IMO... I asked if the bond was sold and funded earlier this month because I told him that I heard rumors regarding this.

He confirmed with me that that is what he heard too i.e. that it wasn't untrue... - which IMO means he told me in what way he could that was true. "


so you got the impression this bond is done and funded

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B*A*N*K*E*R

02/24/10 12:37 PM

#86086 RE: iKauai #86058

NIce job Ikuai, As I have said from the beginning it is a very complex deal and is nearly impossible to put together for any team but it is almost done and it will go down in history as one of the great stories in the micro stock market for many years.

Again, Nice job.

My DD corroborates it and more 100%.

T.

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brezlin

02/24/10 12:39 PM

#86089 RE: iKauai #86058

Thanks iKauai... nice info... maybe Dean will get a day to work now.... one good call should buy him some working time to close those deals.... 9 acqu's? Sweet....

b

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Belgianshareholder

02/24/10 12:42 PM

#86091 RE: iKauai #86058

Very nice iKauai! Many thanks!
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pennyforurthoughts

02/24/10 12:42 PM

#86092 RE: iKauai #86058

Thanks for the hard work.......appreciate the DD!!!
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doughboy2

02/24/10 12:42 PM

#86093 RE: iKauai #86058

Thanks iKauai - see you all in Jacksonville with my "Got QASP?" t-shirt.
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homey_g

02/24/10 12:48 PM

#86100 RE: iKauai #86058

Thanks! Greatly appreciated!
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Infinitygold

02/24/10 12:50 PM

#86102 RE: iKauai #86058

He added that after the 9 acquisition are done and the audited financials, that there would be another conference call. He also added, without me asking, that they would be filing the audited financials and disclosure within 30 days. No other details divulged about that though. And that the shareholder meeting would take place in Jacksonville



I thought there were 6 acquisitions.......hows its 9?
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crazy horse 0

02/24/10 12:54 PM

#86106 RE: iKauai #86058

Good News iKauai Thanks.

For your efforts and your sharing this witl all to see and show QASP is for real. I especially like the info on QASP uplisting, the buyback, the bond was Sold and Funded and 9 Total Acquisitions !
Good Job.

OK, so here it is...

I called shortly after 6am PST this morning to see if I could catch him early, but he wasn't in the office yet and was told he would be there within a half an hour (per the secretary). I left my name and number and Dean ended up calling me back within half a hour. - I only include this information as well because I think this by itself 'says' more about the man than just what he told me...

Anyways, I asked a series of questions one after another and he seemed very matter of fact & straight forward with me throughout the whole conversation. After I introduced myself and before I asked any questions, he did forewarn me that he would not gaurantee he could or would answer all of my questions. Which was to be expected anyways.

Here is what I asked:

Is a reverse split a possibility that is will be considered at a later date? And if so, will it only be in order to uplist?

He said he wouldn't comment on this.

How many more shares will the Hudson MM be given to sell into the market?

No comment as well.

I asked him later why the O/S was increasing by different blocks in different days instead of one large block.

He said there were reasons for this but he couldn't tell me at this time why.

I asked for him to confirm details about the 40% of the O/S going to the lender.

He said it is in relation to the time of issuance, but he didn't say when that issuance was or would be.

I asked if the reason the first 2 acquisitions weren't announced yet was because of NDA agreements in relation to # 3 and #4.

He said it was in relation to that and if anyone knew the first two, it would be cause or could cause a lot of trouble before everything was finalized with 3 & 4.

I asked if there would be a PR soon (within a week) regarding the first 4 acquisitions.

He said there would be a PR 'soon' regarding the results and reasons for the recent meeting in Germany. He would not say when approximately he would PR more information about the first 4 acquisitions.

This is a very important one IMO... I asked if the bond was sold and funded earlier this month because I told him that I heard rumors regarding this.

He confirmed with me that that is what he heard too i.e. that it wasn't untrue... - which IMO means he told me in what way he could that was true.

I asked if he will be going back to Chicago soon to finalize the first 4 acquisitions.

He said he would be but didn't give me an ETA.

I asked him about the reasons for the recent dilution the past few months.

He said that it was due in large part to the JV with Tigerfish and the option with Mineseeker. - which confirms my own speculation about it as well.

I asked him what steps will there be for further transparency. I asked specifically about a conference call...

He said he will be having a meeting next Monday to discuss the date of a "shareholder" meeting that will most likely take place within a month.

He added that after the 9 acquisition are done and the audited financials, that there would be another conference call. He also added, without me asking, that they would be filing the audited financials and disclosure within 30 days. No other details divulged about that though. And that the shareholder meeting would take place in Jacksonville.

I asked about any plans to resume/start buy back (as I haven't seen any evidence of it for the past few months myself prior to today).

He said he still plans on buying back upto 20% of the float, not the O/S now because it would give enough shares to the lender. But the buyback would take place again.

After I got back to work and read that DBAB was active again, I called Dean back and asked him if indeed the buyback was back into effect starting as of today.

He said "yes."

To answer posts asking why I took a couple hours to update the board. They should re-read my post earlier this morning. It specifically said it would be a couple of hours. And IMO, I wasn't trying to pump at all. All I said was there were questions and answers.

investorshub.advfn.com/boards/read_msg.aspx?message_id=47013443

I will not baselessly pump this stock ever, in fact I personally view that as annoying and damaging as baseless bashing.

Anyways... to add, I am currently trying to get personal confirmation of the bond being funded already and will update the board if/when I get solid DD on that. I have made some progress on this front though IMO, just in the last 24 hours.

I would also like to add that I found my conversation very beneficial. Anyone can read anything they want into it for their own agenda and bias, but I believe that Dean has been diluting for good reasons, not bad. That Dean has been progressing (albeit with delays) continuously on his goals. Dean seems to me to be one not to wait on delays idly, he is moving forward regardless if there are hitches or not.

And now to see DBAB being reactivated futher confirms what Dean told me as well. If anyone watches L2, DBAB hasn't been active for months. Today is the first day they have been in the mix. That is good news to me as well.

I remain very confident.

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homey_g

02/24/10 1:28 PM

#86140 RE: iKauai #86058

Person Mark too!
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Hedge Starz

02/24/10 2:15 PM

#86176 RE: iKauai #86058

potentially meaning...he can't buy 20% of the OS because a float would not exist then???
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guy-robert

02/24/10 3:24 PM

#86276 RE: iKauai #86058

sooooo...

too sum up your post, the 4 acquisitions are STILL not closed yet?....unbelievable!


I asked if he will be going back to Chicago soon to finalize the first 4 acquisitions.

He said he would be but didn't give me an ETA.

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xZx

02/25/10 10:02 AM

#86524 RE: iKauai #86058

ikauai, according to my DD, you left out something very important in your post. when i called him this morning, dean said there would be no RS at all unless it was in conjunction with an uplisting. he said he told you this as well.
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fink

02/25/10 11:02 AM

#86595 RE: iKauai #86058

Buddy, if you are on the level? And I pray you are. I liked this that you posted.

I asked if the reason the first 2 acquisitions weren't announced yet was because of NDA agreements in relation to # 3 and #4.

He said it was in relation to that and if anyone knew the first two, it would be cause or could cause a lot of trouble before everything was finalized with 3 & 4.



See I can see this very well. When Disney bought property in Orlando, it was kept so quiet and only a few close knew what was going on. Once the cat was out, property went through the roof. Over night farmers were Millionares, but Disney got what he wanted first.

Can you imagine what a Unionized company operationg under some ESOP would do if they knew they were days from being bought out and partial control is about to be diluted out from under their feet? I saw this first hand with Eastern Air Lines. That little deal grounded me and never flew again. If the Unions had a hint that train wreck was comming the stock would have been bought up so fast that the puny Texas Air thing would have never happened.

I still think, while Warren Buffet is loseing money every month, I can see him putting some of his companies up for sale. Hell, even QASP's web site looks like his. Announce that one and QASP becomes way too expensive. FAST!
I think its much eaiser to shufle shares now that the desire to own is low and the price is nothing.
Once Dean gets the share structure where he wants it, I see this exploding.
I just wish I knew if Dean knew months ago that the A/S was eventualy have be doubled. I pray this was not just thrown on the table at the last miniute to complete the deal. I too see Dean up aginst the wall to drop that shoe. Waited for the last day before it was due to be public info. Better hear it from him rather than some pink sheet web site. That would have been hell.

I too have a few other stock on the chopping block to swing in here. Getting alot of this again. Way heavy today, but there is good reason for me. There is no time table for news. Its gonna come one day and I see this jumping all over the place till then.
So pull up your J strap and have some fun.
See yall tomorrow!