QASP had successfully closed $350M and QASP is great undervalued stock,IMHO.
The reasons are as below:
(1)The PR of 02/09/10 stated that increased A/S from 750M to 1.5B for the funding of the balance of our $350,000,000 financing requires us to issue Class B non-voting shares equal to forty percent of the total outstanding common stock to the lender.
(2)The PR of 11/18/09 stated “Mark Lundquist, a Philadelphia based attorney and Senior Vice President for Strategic Planning for Quasar Aerospace Industries, Inc., stated, "This primary funding instrument will provide a $350 million cash infusion into Quasar. Closing documents are being prepared and closing is scheduled for mid-December." The funds from the transaction will be transferred to Quasar's as lump sum, upon the execution of the final documents. The funding transaction is structured as a loan, the proceeds of which originate as part of a $1 billion bond issued by Inver Finance Ltd., an Irish corporation.
(3)The PR of 01/15/10 stated that "the first two companies were acquired with a combination of cash and notes."
(4)I reasonably believe that QASP had successfully put first 4 acq. together as collateral assets to get "continent Notes by closing $350M" together with Class B non-voting shares having been issued to Inver Finance Ltd, even if some of targets may be delayed during due diligences, i.e. audit and legal DD, etc.
(5)From strategic angel view, QASP disclosed first 2 acq. that trumps disclosing first 4 acq. Because PPS moving up steps by steps is healthier for QASP and its long shareholders, unlike many other penny stocks, i.e. if sharply jumping up to .20 or .50, it would drop quickly, IMHO.
(6)QASP is great undervalued stock, based on $350M funding together with these first four acquisitions of these well established aviation and aerospace related businesses that will add an estimated $150 million to Quasar's revenue and $33 million in EBITDA for the Company's fiscal year 2010 per the PR of 08/26/09. Also, the extra $200 million dollars will allow QASP to close acquisitions #5&6 per the PR of 11/13/09. Someone said QASP has worked on 9 acq; if so, QASP would be much undervalued now, IMHO.
(7) QASP has again worked on shares buy back, of which the evidence is that certain shareholders/MMs help keep PPS lower so as to buy cheap shares by QASP and Dean, IMHO.
QASP created the history of pennyland in the World: QASP is NO. 1 stock that was able to fund $350M in the PinkSheets land history.
The longs will be the big winner as to the shorts, IMHO.
Go QASP! LONG & STRONG!! time to rally, strong buy and hold tight now; see you at .20,.50,or $1,$2 very soon, IMHO.
What do you think? Thanks for sharing.
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