Of those two, CBAI would be my choice. It may be a buy and hold for awhile, but I feel that it is near it's bottom for now.Originally Posted by Alaska Guy
GSAE may be one to consider also.
SIRIUS XM SATELLITE RADIO FORUM
Of those two, CBAI would be my choice. It may be a buy and hold for awhile, but I feel that it is near it's bottom for now.
GSAE may be one to consider also.
S Sprint is up almost 30% over last Friday's close.
I hope some of you have gotten in on this one. It's been a great ride!!!
The tone of the shrub is always amusing.
BEHL is a darling today, last week it was the devil.
It's worth reading the board for awhile just for the amusement of it all.
QASP NEWS
GOOD NEWS, Jacksonville flight school has national expansion plans
This is for those of you shareholders who would like to know and hope this helps
http://jacksonville.bizjournals.com/...05/story2.html
A Jacksonville aviation flight school’s new multimillion-dollar facilities in town will help it attract foreign pilots and spread its wings nationally with plans to build five more schools.
With many of the nation’s commercial pilots expected to retire within the coming years, Atlantic Aviation Inc. aims to feed the demand within an industry oft-blighted by unscrupulous operators, said Joshua Henderson, the company’s president. The domestic student market, which is less bullish about taking to the skies because of recession woes, will be offset by attracting foreign pilots who need to be Federal Aviation Administration-certified to land on U.S. soil.
“We’re looking to get pilots from Israel, Ireland, France and Germany,” said Dean Bradley, CEO of Quasar Aerospace Industries Inc., Atlantic Aviation’s parent company. “We’ve already signed a letter of intent to train Indian students for $66,000 apiece.”
Although the industry was concerned with the graying work force of domestic commercial pilots and extended the retirement age five years to age 65 as a result, the worries have lessened due to industry woes, said Jerry Glass, president of F&H Solutions Group, an aviation consulting agency. That demand could increase if the commercial aviation industry rebounds.
The demand, however, for foreign pilots is greater, especially in China and India, Glass said. Henderson said the commercial piloting certification foreign students earn at the school is applicable internationally.
Atlantic Aviation plans to break ground on a $2.5 million, 15,000-square-foot hangar at Herlong Airport in December. The facility, which will be finished in June, will employ about 40 people and train about 120 students per year. Students will be able to use the company’s two flight simulators, 18 multiengine light planes and 15 single-engine aircraft to receive their general aviation or commercial pilot certifications.
The commercial pilot training will be moved to Cecil Field when the planned $5 million facility is completed in 2010. The company expects to spend about $23 million on 10 jets and 15 helicopters, Bradley said. The company declined to say where the funding for expansion is coming from.
The company plans to open a new school every year for the next five years following the opening of the Cecil Field facility, Bradley said. Locations being considered include Wichita, Kan.; and San Antonio.
About $3 million would be spent on each school. Bradley said the school is also considering acquiring a large European flight school, which he declined to name.
Henderson said the school, which has been open for about a year and a half, offers training in four phases from the private pilot single-engine course, which costs about $12,000, to the flight instructor course, which costs about $63,500.
Not only does this approach allow students to take their training in phases, but it also allows them to transfer paid credit hours of flight time to more advanced stages. If they don’t choose to transfer their flight time, they won’t be charged. Plus, none of the payments will be cashed until students complete their flight hours.
“A lot of flight schools like Silver State [Helicopters] have given this industry a bad reputation,” Henderson said. “They cash students’ checks and then don’t have enough money to fund the completion of their courses.”
Many Silver State students, including many who attended the Jacksonville branch, were left in the lurch with thousands of dollars of school loans after the school filed for bankruptcy in February 2008. Critics also accused Silver State of flooding the commercial helicopter pilot market.
Atlantic Aviation also plans to offer health insurance to students, although such coverage isn’t required by law. The aim is to help put foreign families at ease when sending their children to the U.S. for training, Henderson said.
Even with the training, the career path of a commercial pilot is an arduous one. Recent flight school graduates flying for a regional airline can make as little as $18,000 annually. However, commercial pilots who work their way up to major airlines, such as United and American airlines, earn six-figure salaries.
mszakonyi@bizjournals.com | 265-2239
Quasar Aerospace Industries, Inc. (QASP) Stock
Haven't posted in a while so I thought I would add my opinion of late. Siri has a big marketing campaign issue. Too bad as Ford is starting to move and the holidays are around the corner. I hope I see a little more than a 7th inning ad come the first of the year..........jeez Still holding Long as this is the only way to really make your portfolio go....with this stock anyway.
Candleman, isn't this old?
At any rate we got new News ... next post
Quasar Aerospace Industries, Inc. Details the Terms of Its $350 Million Funding
November 18, 2009: 03:37 PM ET
Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) today released additional details regarding the Company's recently announced primary funding of $350 million.
Mark Lundquist, a Philadelphia based attorney and Senior Vice President for Strategic Planning for Quasar Aerospace Industries, Inc., stated, "This primary funding instrument will provide a $350 million cash infusion into Quasar. Closing documents are being prepared and closing is scheduled for mid-December."
The funds from the transaction will be transferred to Quasar's account as lump sum, upon the execution of the final documents. The funding transaction is structured as a loan, the proceeds of which originate as part of a $1 billion bond issued by Inver Finance Ltd., an Irish corporation.
The bonds, which are secured by $1.4 billion of life settlement policies on individuals over 72 years of age, bear interest at 6.5% with a ten-year term. Under the terms negotiated, interest does not begin accruing until the end of the third year. Additionally, no principal payments become due until the end of the tenth year. Upon maturity of the loan Quasar has three options for repayment: (1) an issuance of the Company's common stock equal to approximately 9% of the common stock outstanding as payment in full of the principal, (2) extend the loan for two successive five years terms, or (3) pay off the principal and any accrued and unpaid interest.
Dean Bradley, CEO of Quasar Aerospace Industries, Inc., commented, "The company continues to make significant strides in the progressive growth of operations. Inver Finance has provided our Company with a very flexible financial instrument that I believe will provide major long-term benefits for the Company's continued growth and success."
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 Equus Resources, Inc. and Quasar Aerospace Industries, Inc. undertake no obligation to update such statements.
Contacts:
Investor Relations
QASP-info@equititrend.com
800-585-6988
Still digesting this, but at first glance ... looks like a pretty good deal. That it's tied to "The bonds, which are secured by $1.4 billion of life settlement policies on individuals over 72 years of age," ... Seems like they are really putting there posteriors on the line here.
Now the search for just who this finance company is, what they do ... the whole Sherlock Holmes business ought to keep some of us Qasping at least for the next several weeks or so ...
The plot thickens!
LT, yes, maybe my news was old, but I just came across it today....LOL
But, this loan structure is almost amazing. I've been in business for over 35 years. If I could ever have gotten a loan like that, I would have jumped on it in a heartbeat!!!
I went ahead and doubled my position in QASP this week. If the price holds in the morning, I'll double it again. It may be just a short play on the PR news, but those pockets are made for picking....
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