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SLO-sider

05/04/11 2:12 PM

#233270 RE: Anvil #233264

Good Post, Anvil!
Interesting theory and I am very interested to see how this all turns out. I think you might be correct on many points. I have read many of Joe's posts and PMs and I agree with you that he could not survive long in this market if he did not understand it.

This soap opera (As the QASP Turns/ General QASPITAL?) just continues to weave a `Curiouser and curiouser!' web. (`Curiouser and curiouser!' cried Alice")

Much of what is posted on this board is pure speculation based on emotion rather than fact or even reasonable judgement. I, for one, enjoy reading a well thought out post. Kudos!
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doughboy2

05/04/11 2:25 PM

#233271 RE: Anvil #233264

thanks.

I, for one, never gave the short theory any merit.

I have to think that james offered joe something to settle this.

as a hypothetical, lets say james offered joe $160k to walk away, but joe refused.

would that chage your thinking?
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packerfan9

05/04/11 2:36 PM

#233274 RE: Anvil #233264

Anvil I don't underestimate Joe and can see he out for himself only. I can even understand why. Yet as a shareholder if he gets his way this stock is done for all current shareholders. Then for new ones that buy any of the new shares we wants to sell they get more of what Dean gave us buying shares. Losses and no company with a future. I do understand Joe clearly he will destroy shareholders with more dilution so he gets paid.
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crazy horse 0

05/04/11 7:27 PM

#233317 RE: Anvil #233264

Anvil I don't underestimate Joe

He is here for a reason as you stated. He is also hoping for information here. I think JEFF and OWENS have handled this very professionally with advice from Counsel.

.

DB, good question.

One of the most important part of negotiating is understanding what your client, or in this case, the opponent is thinking. So as despicable at it is, put yourself in Joe's shoes.

If I am Joe, I would say "I made some decent money doing debt wraps and whatever off of qasp, but $180K is not chump change". The problem is that any repayment is tied to qasp. Now you have Jeff, who Joe does not trust, making moves to 1) control qasp via pref's; 2) got the authorities involved with his good client (dean) and 3) is working to get mineseeker, which qasp has made a considerable investment/loan/advance into a separate company.

All these moves diminish his ability to collect. Then enters Owens with a merger. Sounds good but owens refuses to share any financial info with Joe. So Joe has no choice but to block the merger. Realistically, I would the same thing. Why? Because I (Joe) know that i can get control of qasp and dilute and get repaid.

IMO, this is a negotiation and maybe Owens will just open up the kumono and show his financials and present the business plan and joe will agree to roll over and get some level of repayment.

I don't subscribe to the short theory at all. As to why Joe does not throw dean under the bus? What would he gain? Maybe IHUB posters will like him?

I firmly believe Joe is primarily after repayment.

I would also restate that this is Joe's home turf (pink's) and that this is not his first rodeo. I am sure he has legal counsel advising him how far he can push without going over the line.

Lastly, I think many posters underestimate joe. You don't survive long lending money to pink's without knowing what you are doing.

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catdaddyrt

05/05/11 8:58 AM

#233367 RE: Anvil #233264

well imo joe and dean did the underestimating on Jeff first and now James Owens 2nd -180k ???? lawyer gets 50% minimum on any recovery but I don't see that coming - Owens does not need joe for anything nor has any reason to "settle" any money with him -he just a scumbag white trash parasite that likes George Michaels
which is just another confirmation for me --we joe are ya?