Originally Posted by
candleman
Jeff,
That is a very good question. LOL
I first bought QASP last year at 4 or 5 cents. At that time my DD led me to think it was worth twice that. But, then the dillution hit......
If they don't dilute anymore....I think the company might be well worth 25 cents a share within 6 months to 2 years. I know that sounds nuts, but I look at it like this.
They will be 3 to 400 million in debt. But, it will be a mine clearing company, a flight school for helicopters, jets, and props, an aviation repair company, a helicopter parts supply company, and a small jet manufacturing company.
That's a lot of things that they have going on.
So, with that in mind, here is my plan. I will let go of one third of my holdings around 3 cents. That will leave me with two thirds of my stock totally free. I plan on holding that for at least a dime and then I'll take another close look and see if a quarter a share is possible.
I don't want to sell too early. I bought more than a 110K shares of SIRI around 13 cents. And then let them go around 35 cents. That was a great deal. But, if I would have held on to those, I would have tripled those earnings. I don't want to make that same mistake again. I still own a ton of SIRI that I averaged down to around 50 cents. I don't need that money, so I'll just hold on for a few years on that one.
With all that being said...... If you just want to get out of QASP, I think holding for 2 cents would be worth the wait. I think we'll see that within a month if not a whole lot sooner. The next 48 hours will be very interesting on this stock.
One more thing... We should all meet up at Andy's for shrimp someday!!!!!
Chuck