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surfguy

07/14/10 12:57 PM

#162868 RE: chiefwiggim24 #162862

Hey Chief,

Wondering if any of these big holders are bailing or reducing their loads

c7bk

07/14/10 1:07 PM

#162881 RE: chiefwiggim24 #162862

You think Dean doesn't understand the value of Mineseeker?

Absolute worse case scenerio is Dean can't get the funding he wants which is for much more than just closing Mineseeker.

Agreed?

I guarantee you he would find a way to get the rest of the money needed for Mineseeker. And since he has given them $10M and donated another $1.4, Mineseeker isn't going to kill this deal. Lets not forget the fact that Mineseeker has been around for awhile and Dean is the one that got them moving forward.

So absolute worst case scenerio is Quasar is a flight school with some planes and similators, an airplane maintenance company, and an ownership stake of 51% in Mineseeker.

So our investment doesn't really henge on getting $350M, or even $110M in funding so much as getting enough to close Mineseeker.

But my money is on Dean getting enough for his entire wish list.

investbernie

07/14/10 1:08 PM

#162882 RE: chiefwiggim24 #162862

Chief,

Well stated.

Furthermore, I believe the OS is sitting right where it needs to be in case Mr. Bradley needs to unload about 30M to extend the option until the end of August.

Problem is the PPS keeps going lower, so that 30M give or take a few million, may not be enough this time around?

Best Regards, Bernie

(No funding. Tax Loss.)