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packerfan9

04/26/11 8:48 PM

#231413 RE: SDMike #231407

SDmike think of it like this. If Centa becomes major shareholder sure they will continue to block any further QASP dilution unless court rules side in charge is Josh and Joe to do more dilution they want.

If Centa has control and wins the dilution issue IMO QASP is done with for good.

Then what happens to QASP? Well they have no operations or money so not much. Will shares price go down after we exchange and leave? Maybe and maybe not. With no dilution might sit here for a long time. Maybe years while Owens goes after Dean etc.

There really is no future for QASP without the dilution. Yet to give QASP that future will wipe out any value current shareholders have left when its down to .0001. It have to drop that much to sell billions more shares. We have seen what prior management did last time with money from shares sold nothing.

QASP is going to be a dead stock and co. All that will be left is lawsuits and can Owens recover any monies from Dean. I say good luck waiting on that. Take a long time in court if Dean fights it. Then even if suit is won still have to collect it. That can take a long time as well if any money left or not offshore.

QASP just has no future for shareholders.
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TheLastOneSitting

04/26/11 9:29 PM

#231419 RE: SDMike #231407

Centaflix cant merge into qasp because of all qasps problems, so centaflix is going to merge into another shell and give us a stock exchange to trade worthless qasp shares for shares in a real company. There should be a PR out anytime now explaining everything.
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MarketGeometry

04/26/11 10:49 PM

#231429 RE: SDMike #231407

Depends what happens in court about the prefferred shares. Even though Centaflix may become majority shareholders(if majority shareholders do the exchange) they may not control QASP depending on courts verdicts on prefferreds and conversion ratio(Prefferred to Common). Technically Creditors own QASP as it stands now.

Only possible positive thing that i can see that can benefit common shareholder is if judge returns the company to shareholders and elminates any existing debts or minimize the burden. Also if QASP can get some money back from Newby, Clayton etc.