*Interesting* post on QASP... [how's that? lol]
Posted by: vd8828 Member Level Date: Saturday, March 06, 2010 5:46:31 PM
In reply to: None Post # of 1776078 Send a link via email Share on Facebook Tweet this post
Could see QASP breakout by 100 times return soon?!!
QASP is to breakout by 100 times potential return soon & the reasons as below (IMHO):
1. QASP is No.1 Pinksheets stock raised $350M & 4-6 Acqusitions in history;
2. Strong business potential(more than $150M revenue and $33M NI/profits in 2010) and many longs bases at investorshub, and PPS may reach $5 and then upgrade to NYSE/NASDAQ;
3. The huge potential PE(16) and PPS(from .20,.50,to $2, $3, ...different FAs have different views);
4. QASP is one of the hot penny stocks per Investoshub.com;
5. QASP had successfully closed $350M, IMHO.
(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.
6. 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.
7. 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.
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;IMHO.
Hope above DD help. Hope to see you at $1 in March or April in 2010 first and then much higher,IMHO.
Don't miss the train,IMHO.
What do yo think? Thanks for sharing.
Have a nice weekend.
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