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MAJORXVII

02/04/11 7:22 PM

#211632 RE: tom favata #211631

BELIEVE THAT!
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CEMJQ Multi-Millionaire

02/04/11 7:22 PM

#211633 RE: tom favata #211631

Thanks Tom. Nice.
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doughboy2

02/04/11 7:23 PM

#211634 RE: tom favata #211631

Sweet!

Jeff DiGenova, CEO and President of Quasar, contacted the appropriate authorities in early October of 2010 to report alleged fraudulent business activities by prior management. Since Quasar’s initial contact with the authorities, the Federal Bureau of Investigation, the Securities and Exchange Commission, the Internal Revenue Service, the State Attorney’s Office, and the Jacksonville Sheriff’s Office are involved in the substantial investigation of fraudulent activities on the part of certain prior management and accomplices. Quasar, in cooperation with the Federal and State authorities, is currently preparing documentation requested by subpoena concerning the alleged criminal conduct of Dean Bradley and his accomplices.
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bigtoe1963

02/04/11 7:23 PM

#211635 RE: tom favata #211631

Now that makes Dean look like A crook LOL.I hope he goes to jail where he belongs...Oh and as I said before I hope Jeff does pull the merger off.....
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Time To Roll

02/04/11 7:29 PM

#211640 RE: tom favata #211631

That's the ticket, GREAT, Nice work Jeff!!
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SLO-sider

02/04/11 7:39 PM

#211644 RE: tom favata #211631

Why is the date stamp on the subpoena documents: May 23, 2008?
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Woodsy

02/04/11 7:55 PM

#211646 RE: tom favata #211631

Ah, now I see why guys were so riled up yesterday. Advance notice of this deal....The soap opera gets soapier. It would be more entertaining if the PPS hadn't gone to the gutter...
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beach_trades

02/04/11 7:56 PM

#211647 RE: tom favata #211631

What a nice backwards way of raising the 0/S and nobodys fault

Holy Jesus, Da Scam gets Worse and deeper
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Philter1972

02/04/11 8:10 PM

#211653 RE: tom favata #211631

Thanks Go Jeff...
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spongeni

02/04/11 9:15 PM

#211719 RE: tom favata #211631

Wow just got in...THANK YOU JEFF for the update!! GO QASP!!
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Crazy Money

02/04/11 9:26 PM

#211730 RE: tom favata #211631

I hate PDF files :-( :-D

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ORCA

02/04/11 11:27 PM

#211797 RE: tom favata #211631

WOW JEFF DELIVERS AGAIN.GO JEFF.BOLD SAYS FELLAS???FIRE WORKS AGAIN FOR QASP.WE SHOULD BE ROCKING SOON.MERGER IS MOVING ALONG
AND PROBABLY DEAN GOES LIFE TIME IN PRISON WITHOUT THE POSSIBILITY OF PAROLE.

Centaflix is committed to the prospect of value from this merger and is committed to bring value to Quasar and its shareholders.

Quasar and Centaflix Corporation (“Centaflix”) remain committed to the proposed merger as announced on January 27, 2011. Centaflix and its legal team are now working with Quasar in a concentrated effort
for the prosecution of all fraudulent activities to the fullest extent allowable by law. Centaflix is committed to the prospect of value from this merger and is committed to bring value to Quasar and its shareholders.
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Jim01

02/05/11 12:01 AM

#211806 RE: tom favata #211631

Thanks, Tom!

Thanks & congratulations also to Jeff.

Jeff... brilliant timing... after the close on Friday... !

Everyone have a good Super Bowl weekend !

Naysayers, bears, shorts & flippers: Enjoy.

Jim

.
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gattes12

02/05/11 8:43 AM

#211943 RE: tom favata #211631

Oh man this is a joke if I ever saw one.

First, the first document is URGENT and CONFIDENTIAL. I would think an allegaion would be too. Who would give the authoritity to release details of an allegation with an investigation going on?

Second, the document talks about the filing being made on Jan. 31st. At I recall the filing was made on the 27th and POSTED ONTHIS BOARD on the 31st.

Something smell beyond fishy there.

What's with the May 23 2008 date on the subpoena?

Why is this not also a PR?

Why does all this appear to be in response to what is posted here?

Why is the letter written to Computer share? Where is the corrected SOS filing?

There is a lot more meat on this bone and holes all in the update. It seems that this info has been put out to appease the changing sentiment on this board.

Very, very dangerous indeed.

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Sharktnk

02/05/11 10:13 AM

#211970 RE: tom favata #211631

This really needs to be disseminated, it has cleared up many of the questions leveled here of late:

Shareholder Update

I have waited to issue a response to recent events until given clearance by the proper
authorities. For all those who have questioned the recent filings and their authenticity,
there is no questioning the attached subpoena and other documents:

Jeff DiGenova
CEO & President
Quasar Aerospace Industries, Inc.
a/k/a Quasar International Holdings, Inc.

FEBRUARY 04, 2011

For Immediate Release
QUASAR AEROSPACE INDUSTRIES, INC.
PINKSHEETS: QASP
9300 NORMANDY BLVD., SUITE 511
JACKSONVILLE FL 32221 US
JEFF DiGENOVA, CHIEF EXECUTIVE OFFICER

UPDATE ANNOUNCEMENT REGARDING QUASAR AEROSPACE INDUSTRIES, INC. AND CURRENT
MANAGEMENT STRUCTURE

Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) (“Quasar”), provides this update announcement
regarding the current management structure of Quasar and the recent developments involving alleged
management and capital stock structure changes as provided in a fraudulent filing made to the Colorado
Secretary of State, Business Division, on or about January 31, 2011. Quasar does not authorize an
increase in the authorized stock issuance of the company nor does it authorize a change of management
as outlined in the improper filing referenced above.

Jeff DiGenova, CEO and President of Quasar, contacted the appropriate authorities in early October of
2010 to report alleged fraudulent business activities by prior management. Since Quasar’s initial contact
with the authorities, the Federal Bureau of Investigation, the Securities and Exchange Commission, the
Internal Revenue Service, the State Attorney’s Office, and the Jacksonville Sheriff’s Office are involved in
the substantial investigation of fraudulent activities on the part of certain prior management and
accomplices. Quasar, in cooperation with the Federal and State authorities, is currently preparing
documentation requested by subpoena concerning the alleged criminal conduct of Dean Bradley and his
accomplices.

Quasar and Centaflix Corporation (“Centaflix”) remain committed to the proposed merger as announced
on January 27, 2011. Centaflix and its legal team are now working with Quasar in a concentrated effort
for the prosecution of all fraudulent activities to the fullest extent allowable by law. Centaflix is committed to the prospect of value from this merger and is committed to bring value to Quasar and its shareholders.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

On the question of what 'name' Quasar is operating under -
Answered =

Quasar Aerospace Industries, Inc.
a/k/a Quasar International Holdings, Inc.



In regard to who is CEO and President -
Answered =

Jeff DiGenova
CEO & President



On the seemingly elusive task of reading between the lines regarding the prior update and fraudulent filing -
Answered =

I have waited to issue a response to recent events until given clearance by the proper
authorities. For all those who have questioned the recent filings and their authenticity,
there is no questioning the attached subpoena and other documents:



And ...

... regarding the current management structure of Quasar and the recent developments involving alleged
management and capital stock structure changes as provided in a fraudulent filing
made to the Colorado
Secretary of State, Business Division, on or about January 31, 2011. Quasar does not authorize an
increase in the authorized stock issuance of the company nor does it authorize a change of management
as outlined in the improper filing referenced above
.



In regard to the integrity of Mr. DiGenova's willingness to, in his own words; " ... no one will be given safe quarter. All pertinent documents from prior management have been turned over to our representation. To use prior management's terminology, justice is “imminent".
Answered =

Jeff DiGenova, CEO and President of Quasar, contacted the appropriate authorities in early October of
2010 to report alleged fraudulent business activities by prior management.
Since Quasar’s initial contact
with the authorities, the Federal Bureau of Investigation, the Securities and Exchange Commission, the
Internal Revenue Service, the State Attorney’s Office, and the Jacksonville Sheriff’s Office are involved in
the substantial investigation of fraudulent activities on the part of certain prior management and
accomplices.
Quasar, in cooperation with the Federal and State authorities, is currently preparing
documentation requested by subpoena concerning the alleged criminal conduct of Dean Bradley and his
accomplices.



On whether Centaflix is still committed -
Answered =

Quasar and Centaflix Corporation (“Centaflix”) remain committed to the proposed merger as announced
on January 27, 2011. Centaflix and its legal team are now working with Quasar in a concentrated effort
for the prosecution of all fraudulent activities to the fullest extent allowable by law. Centaflix is committed to the prospect of value from this merger and is committed to bring value to Quasar and its shareholders.



Lastly, on the rhetorical question of what publicly available documentation exists -
Answered = http://www.quasarinternationalholdingsinc.com/Shareholder%20Update.pdf

This is beyond fantastic news for true shareholders here. As Jeff stated earlier, "My number one concern is in building a real business and am content to let our actions speak for themselves".

http://quasarinternationalholdingsinc.com/news.html

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crazy horse 0

02/05/11 10:31 AM

#211981 RE: tom favata #211631

You Go Jeff !

Thanks from us loyal shareholders.
http://www.quasarinternationalholdingsinc.com/Shareholder%20Update.pdf
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packerfan9

02/05/11 12:37 PM

#212025 RE: tom favata #211631

Well that is the big news talked about? As I said the Dean issue will take time to resolve legally. I hope it doesn't delay close of merger but it could. Its not like mergers never get delayed for closing. At least James Owens seems to understand the issue and still wants to do the deal. Must be he likes QASP and Centaflix are both in same town. Lawyers and legal issues never fast but seems it has been worked on since last fall. IMO will delay merger but still merger should happen. It's a good deal for Centaflix who clearly wants to go public and gets 75% of the shares. IMO I still see this float down as overbought and people get impatient. This is not going to get resolved quickly and merger even if closed timely still means March. As I said have to close the merger before Company can move on to more deals or loans they want. Plus it still hangs over us even after Merger what shares will be used to make future deals with stock involved? We shall see but people expecting bigger news then merger I doubt it. I am not surprised there is mess to clean up legally with Dean. People have said that since Jeff started. Good thing QASP and Jeff seemed to be proactive with authorities. It should prevent any action vs QASP with new CEO and how he has acted since took over. Be patient if a long. IMO traders will be leaving if no more runs this week. They don't wait long and this did not get past .0035 on best volume QASP has seen. IMO no more bigger news then merger coming and that news drove spike and volume. Now we sit and wait to see what happens with merger. Time and how impatient many who play pennies are will increase downward pressure next few weeks. Same as it has after each spike before.
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nodummy

02/05/11 12:51 PM

#212032 RE: tom favata #211631

Question - Why doesn't he just file a new amendment with the CO SOS reducing the A/S count back to where it was before Jan 31, 2011?

I'm a bit confused too because the same person, Joshua Henderson, signed the amendment for the company on Dec 10, 2010

http://www.sos.state.co.us/biz/ViewImageAttachment.do?fileId=20101671760&attachment=1&attachLoc=