So there you have it all you "believers"
There will be no swap! No private placement! nada! zero! zilch! NOTHING!
You were led along by the nose and you followed and supported your savior. But the truth is: all of the CEO's of QASP are just out for their own personal interest. None of them understands even the most basic concept of fiduciary responsibility. To each, it seems, shareholders are just an ATM to be raped and pillaged.
The only hope that any of us has is that Joe (Yes, Joe!) will try to make what is left of this fiasco, profitable. By doing so, we might be able to recoup some of our losses (I hesitate to call them an "investment" any longer.) Probably not, but that is the last thread of hope to which shareholders can cling.
Not just my humble opinion...