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Infinitygold

06/10/10 4:19 PM

#141821 RE: iKauai #141812

11. Mineseeker will be closed the week of July 21st. Dean is very very confident about this...will announce the closing the minute it happens.




Should be June!!
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PhnxRsng9

06/10/10 4:19 PM

#141823 RE: iKauai #141812

Well Done You
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Infinitygold

06/10/10 4:21 PM

#141827 RE: iKauai #141812

Thank you!!
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crazy horse 0

06/10/10 4:21 PM

#141828 RE: iKauai #141812

Add 6 to 7 Acq coming on line in the next

two weeks.

CC notes:

1. Company buyback virtually non existent = hasn't happened yet. Dean and affiliates have been buying though. The O/S increase is meaningless compared to the value it is helping to create.

2. Richard Branson's status will be used as well as other affiliates in promoting Mineseekers. Looking to name first helicopter "Spirit of Lady Diana".

3. Funding from London: all roadblocks have been completed and receiving traunches of 100 mil in the near future.

4. When will there be a major reduction in O/S. Most likely first week in July and moving forward after that. 20-30% possibly.

5. A/S increase is still off the table. No need to increase it.

6. A major trust fund bank is affiliated with the 110 mil loan collateral. First 10 million is anticipated imminently. And the next 100 million will follow within days.

7. Dean isn't going anywhere, but there is a person starting July 1st as the new CFO of Quasar and dean will remain as Chairman and CFO. Company will expand dramatically in the next few weeks.

8. Not seeing the world economy as affecting business at all. One company does 40 mil a year and 250 mil backlog. Each company should produce 20% EBITDA except Tigerfish. Limiting investing at 7 mil. Will receive venture parter from EU or Indian aerospace to carry that on.

9. Mark Lundquist role: At annual meeting in August will be on board full time and will be managing Quasar financial corp. Will have over 100 mil cash.

10. In the process of 2009 Audit to be completed by the 20th - 25th at the latest. Will have to do a consolidated balance sheet by June 10th.

11. Mineseeker will be closed the week of June 21st. Dean is very very confident about this...will announce the closing the minute it happens.

12. Mineseeker radar can penetrate to 3 meters, if bombs are deeper then they wont be detected.

13. Float and restricted shares: N/A

14. Dilution will be over @ 1.5 billion shares issued. Then the anti dilution will commence.

15. No dilution needed after funding is received.

16. Possibility of R/S? Only time to do one would be when it was necessary to list on AMEX and NASDAQ exchange. That's the only scenario.

17. Will be a fully reporting pink sheet company soon. Limited info sign will go away then.

18. Many things happening in the next 10 days and he will be traveling a lot and therefore will film a weekly update from where he is.

19. Signed a contract with a new web designer. Website will be very different by early July. Later changes will be made within minutes insted of days.

Stay safe and keep the faith.

(forgive if there is any inaccuracies, at work and was trying to write fast...)



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RainmanOregon

06/10/10 4:21 PM

#141829 RE: iKauai #141812

iKauai...worth a person mark..thanks for the notes........
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emeraldcityking09

06/10/10 4:22 PM

#141831 RE: iKauai #141812

Nice job.
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dombono

06/10/10 4:23 PM

#141836 RE: iKauai #141812

14. "Dilution will be over @ 1.5 billion shares issued. Then the anti dilution will commence."

Boy will the bears have a great time with that statement. I can hear them now... Dean just said that so he can continue to dilute and of course he will then raise the A/S

Great conference call. How can anyone not be excited! Thanks for all the great DD everyone. Hopefully we will all meet @ BANKER'S house sooner that we think...
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spongeni

06/10/10 4:24 PM

#141839 RE: iKauai #141812

Excellent IK ...how did you do it so fast!! amazing. GO QUASEEKER!!
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LCLiving

06/10/10 4:24 PM

#141840 RE: iKauai #141812

7. Dean said we have a new COO coming in July 1st with an extensive background in the Aerospace Industry. He also said we will a new CFO that will handle the financial aspects of the company.
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LJ Silver

06/10/10 4:25 PM

#141841 RE: iKauai #141812

Nice job, very accurate. Thank you
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Sharktnk

06/10/10 4:25 PM

#141843 RE: iKauai #141812

Well done, your short hand is way better than mine ...

Great call. Great update on matters. Despite the Nellys around here - No BS, very straightforward.
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homey_g

06/10/10 4:27 PM

#141850 RE: iKauai #141812

Nice summary!
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Philter1972

06/10/10 4:28 PM

#141854 RE: iKauai #141812

Thanks... Much appreciated...person mark.
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friendly investor

06/10/10 4:30 PM

#141862 RE: iKauai #141812

Well done. I oculd not be on call so I apprecaite your accuracy and timeliness.
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Tintagel

06/10/10 4:31 PM

#141864 RE: iKauai #141812

Kudos iKauai. Lots of info in a very short time. Person mark & many thanks.
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stoploss73

06/10/10 4:37 PM

#141875 RE: iKauai #141812

That is truly amazing how fast and accurately you did that!
Thank you again, your contributions to this board are absolutely priceless. WELL DONE!

Stoploss
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FerdinandDaBull

06/10/10 4:43 PM

#141883 RE: iKauai #141812

Thanks IKauai! As always much appreciated!
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tradingyoda

06/10/10 4:43 PM

#141885 RE: iKauai #141812

Thanks iKauai.

MTFBWY
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solar fusion

06/10/10 4:46 PM

#141889 RE: iKauai #141812

20. This company has not made 1 cent yet.
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pasha_one

06/10/10 4:57 PM

#141911 RE: iKauai #141812

very nice! thanks for compiling the CC notes for us.

June 10th CC notes:

1. Company buyback virtually non existent = hasn't happened yet. Dean and affiliates have been buying though. The O/S increase is meaningless compared to the value it is helping to create.

2. Richard Branson's status will be used as well as other affiliates in promoting Mineseekers. Looking to name first helicopter "Spirit of Lady Diana". Bid in for two helicopters.

3. Funding from London: all roadblocks have been completed and receiving traunches of 100 mil in the near future.

4. When will there be a major reduction in O/S. Most likely first week in July and moving forward after that. 20-30% possibly.

5. A/S increase is still off the table. No need to increase it.

6. A major trust fund bank is affiliated with the 110 mil loan collateral. First 10 million is anticipated imminently. And the next 100 million will follow within days.

7. Dean said we have a new COO coming in July 1st with an extensive background in the Aerospace Industry. He also said we will a new CFO that will handle the financial aspects of the company.

- reiteration of 6 to 7 Acq coming on line before end of month.

8. Not seeing the world economy as affecting business at all. One company does 40 mil a year and 250 mil backlog. Each company should produce 20% EBITDA except Tigerfish. Limiting investing at 7 mil. Will receive venture parter from EU or Indian aerospace to carry that on.

9. Mark Lundquist role: At annual meeting in August will be on board full time and will be managing Quasar financial corp. Will have over 100 mil cash.

10. In the process of 2009 Audit to be completed by the 20th - 25th at the latest. Will have to do a consolidated balance sheet by June 10th.

11. Mineseeker will be closed the week of June 21st. Dean is very very confident about this...will announce the closing the minute it happens.

12. Mineseeker radar can penetrate to 3 meters, if bombs are deeper then they wont be detected.

13. Float and restricted shares: N/A

14. Possible dilution will be over @ 1.5 billion shares issued. Then the anti dilution will commence. Point is, it could go to 1.5 bil but not over.

15. No dilution needed after funding is received.

16. Possibility of R/S? Only time to do one would be when it was necessary to list on AMEX and NASDAQ exchange. That's the only scenario.

17. Will be a fully reporting pink sheet company soon. Limited info sign will go away then.

18. Many things happening in the next 10 days and he will be traveling a lot and therefore will film a weekly update from where he is.

19. Signed a contract with a new web designer. Website will be very different by early July. Later changes will be made within minutes insted of days.

Stay safe and keep the faith.

(forgive if there is any inaccuracies, at work and was trying to write fast...)
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$Money Bags$

06/10/10 5:27 PM

#141943 RE: iKauai #141812

thx