I love this stock...I'll buy back in below .025
I shaved a little at .0234 awhile back...never dipped below that so I picked up almost twice as many shares of behl @.012 and .0095. Definately nice to see green guys!!!!
OCNF is rising today.
This has not been one of my better investments. Anyone have any thoughts on OCNF?
QASP just dropped below 2 cents shortly after it hit .0289
I unloaded 150,000 today above .0285 and I just replaced them at .02
You gotta love a stock that swings that much!
I hope some of you have been buying JBLU, JetBlue,
It's up 42 cents today, so anyone buying a 1400 share block yesterday and selling today would have made a nice 550 bucks or so......
Man, I am still trying to get a grip on what happened yesterday. We got tipped off on the shrub by about ten minutes, maybe less ... In the mere minutes it took me to read the link to the SOS detailing the A\S increase, a quick glance back to Etrade Pro ... it was already down to .019 and the PR hadn't even hit ...
Was hoping to come 'home' here and find our superior intelligence all over this thing, making sense out of it ... :rolleyes: Maybe we are all just as a perplexed. The big question in everyones mind is whether or not these new shares are restricted, it's a bit confusing ... I think the following may be the most plausible;
Posted by: stockinvestor01 Date: Tuesday, February 09, 2010 10:57:23 PM
In reply to: None Post # of 80102
Based on my calculations, I have a few questions. If they issued Class B preferred stock equal to 40% of the outstanding in order to receive the $350 million loan, then I understand why they raised the AS. However, this doesn't mean the OS has increased. The OS will only increase if the Class B series is converted, which may never happen if the company pays the loan back over the next several years.
Am I correct that the OS may not increase based on this deal. It will only increase if the shares are converted. Am I missing something?
Granted, it is more in the form of a question ... I don't know, will post all the pertinent info if anyone wants to give it a go, can make sense of it ...
Quasar Aerospace Industries, Inc. CEO Announces Increase in the Corporation's Authorized Shares
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Comtex JACKSONVILLE, FL, Feb 09, 2010 (MARKETWIRE via COMTEX) ----Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) -- Dean Bradley, the CEO of Quasar Aerospace Industries, Inc. hereby informs the public that the Board of Directors of the corporation has approved unanimously a resolution increasing the number of Authorized Shares (A/S) of common stock from 750,000,000 to 1,500,000,000. The officers have filed Amended and Restated Articles of Incorporation with the Secretary of State for Colorado effecting this change.
The reason for this change is that the terms of the funding of the balance of our $350,000,000 financing requires us to issue Class B non-voting shares equal to forty percent of the total outstanding common stock to the lender.
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Quasar Aerospace Industries, Inc. under take no obligation to update such statements.
Quasar Aerospace Industries, Inc.
Posted by: Triforce Date: Wednesday, February 10, 2010 6:08:29 AM
In reply to: None Post # of 80114
Amended and Restated Articles of Incorporation
Amended and Restated Articles of Incorp pgs 1, 2
Amended and Restated Articles of Incorp pg 3
(Seperated these, the first 3 above pertain directly to yesterdays news - LT)
Statement of Change
History and Documents