Flight school worth $3 million alone
Me and Fink were just passing this update around the Flex nation board. With their current flight school valued at $3 million, and only 60 million outstanding, QASP should be worth around .05 per share.
...AND THIS DOESNT INCLUDE THEIR PENDING MERGER!
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QASP Positioned to Recognize Major Revenue Increase from Aviation Merger
Last Updated: March 13, 2013 - 11:05am EST
(NEW YORK)--Quasar Aerospace Industries, Inc. (OTC:QASP), a provider of flight school and aviation services, may be primed to see a major jump in operational revenues with their pending merger, and commencement of flight school operations.
Investor Highlights
- Aviation Merger to bring $22 Million in Revenue
- FAA Certified Flight School
- Accepts Govt. Benefits, such as GI Bill
- 60 Million Outstanding
- Market Cap just $600,000
- To become Fully Audit, PCAOB
- Short-term Target of $0.04+
QASP Flight School Valuation
The market value of Quasar’s flight school is estimated to be over $1,550,000. This price would cover the Part 61, Part 141, SEVIS, CATS, CPC, maintenance, aircraft and simulator ownership. Their school owns one less aircraft, which would add approximately $125,000 to the value. Compensation for the additional certifications Quasar has, which includes certification to accept VA benefits, and possession of a 135 charter certificate, adds further to the value estimate.
These certifications as calculated breakdown as follows:
VA = $490,000 - $175,000 = $315,000
135 Charter = $695,000 - $175,000 = $520,000, less certified aircraft $200,000 = $320,000
This brings the value of Quasar’s flight school to approximately $2,310,000.
It must be acknowledged that all of the flight schools currently on the market offer one (1) flight school, at one location. QASP value must incorporate the fact that Quasar currently has three flight schools, and two locations. Thus, the value of the additional location, and school, must be integrated into this assessment by increasing the student capacity, and covers a larger geographical area leading to higher revenues and marketability. This would cause the value of Quasar’s flight schools to exceed an estimated potential of $3,000,000, conservatively.
These valuations do not take into account any potential merger or acquisition now pending with the company.
Holdings Aviation Corp Merger
Holdings Aviation Corp (HAVC) is the parent corporation of three (3) Companies engaged in the Aviation Service Sector Industry. The three (3) initial acquisition Companies will become wholly owned subsidiaries of the Public Holding Company.
Holdings Aviation Corp. has combined revenues of approximately twenty-two million dollars ($22,000,000) with four million dollars ($4,000,000) in estimated earnings. The Company's Mission is to become a global leader with a comprehensive footprint through strategic acquisitions, joint ventures and partnerships. The Company expects to achieve double digit growth year over year and exceed one hundred million dollars ($100,000,000) in revenues within three (3) years.
Share Structure
As of March 10, 2013, the Company had around 60 million common shares issued and outstanding, with 26 million held by insiders and restricted from resale. We exploring the idea of having the transfer agent, and company, providing us with a monthly update of the current share structure so as to provide a third part venue where investors can be kept update on current share structure.
In addition, the Company is supposedly in the process of retaining an auditing firm to conduct full PCAOB audits on QASP, and we hope to have a name for the firm shortly. The Company is expected to file and post their current financial numbers before the end of the month at OTC Markets, LLC.
Price Target of $0.04 to $0.05+
The Company may have a long way to go to build back creditability, and only executing on this new business plan could prove that case. But, with operations commencing in their flights school business in Jacksonville, FL, potential to increase revenues to $22 million with aviation merger, and only 60 million outstanding, a price of $0.04 per share would still only equate to $2.4 million market cap.
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