This was just released by QASP.
I think they wanted this let out this morning so it could be traded on today. We may have even more good news coming from the CC this afternoon after the markets close.
Quasar Aerospace Updates on Financing
1 minutes ago - Marketwire
The CEO of Quasar Aerospace Industries, Inc., Dean Bradley, (PINKSHEETS: QASP) announces that Newby and Associates has acknowledged that its institution is in receipt of the necessary Quasar Aerospace Industries, Inc. stock to secure the necessary bridge financing of $500,000.00 which shall cover expenses for the investment grade collateral securing the first $10,000,000 loan. This statement confirms the Press Release of May 24, 2010 wherein it was stated that $5,000,000 of the $10,000,000 will be used to cover expenses for investment grade collateral securing the $100,000,000 loan.
Good luck today!
Last edited by candleman; 05-27-2010 at 12:28 PM.
They do look like killer whales, but definately are Dall porpoises. If I can figure this out I have a cool video of them playing in front of the boat.
I lifted this off the Bush...
Notes from the CC for QASP that just ended.
350 mil: Chairman and managing director says log jam has been broken and funding will be in within a few weeks in traunches. New agreement is they only get equity by how much they fund.
New financing: Newby & Assoc. Shannon will be there later next week. Advanced 100k already to secure monies as in PR. Will have 3.5 mil in working capital. BB in earnest will start thereafter.
O/S will be under 1.5 bil and 100 mil was used as collateral and will not be sold into market.
Warrants for Newby are all over 20 cents a share...
Uplisting: a condition for loan requires application to naz or amex and bypass OTC.
Revenues for 2010: Acq closed between now and end of June will exceed 150 mil dollars. Pre-tax profit will be ~30 mil.
2011: Expect to triple that number...most from MS operations.
VLJ program: Funding wasnt completed to move that forward, nor the engineering was done for 50 mil. Price was 10 mil in previous neg. Now own that at 80k and transported to target #3 in midwest. Work will resume next week on completion of VLJ.
TF: Founder and two lead engineers will arrive in two days for meetings of CEOs of #3, JTM Engineering.
Homage to some posters on da shrub
I feel like doing a hula dance!!!
It looks like things could get very profitable very soon.
My advice is if you don't own a hundred thousand shares of QASP...buy some soon. It's a good chance that 2000 bucks could double or triple in no time at all. This is my foolish opinion only of course. So do some DD and think about it.
True to form...sold all QASP yesterday...Ya'll made a killing today!!!!!
Your F%&king welcome!!! LOL
I guess that I get the wuss award for the week!
Chuck...you know...if I buy back in tomorrow...the funding will fall through, Dean will have a heart attack, minesweepers will go bk...I think you get the picture...
Actually, congrats on your nice payday! great call today!
Jeff...aka Mr. Wuss to all of you!
I have a gut feelng that you'll have an opportunity to get back in on a dip tomorrow. Nothing would suprize me with this stock....I only hope it's temporary though. Weve been up 3 days now...can't keep going up forever.
Good luck tomorrow!!!! Be sure to let us know when you buy back in, so that I can catch it falling right after!!!!
Chuck...I hope you didn't sell off all of your SiRI today. We wouldn't be here today if it wasn't for the old blue dog we all invested in way back when.