Market Watch for the week 10/12/2009

And that was another beautiful day! Made a little money for the third day in a row. That's such a nice feeling...:)

Some guy on the hub says he email the CEO and got this reply...


"I think this may answer your question, I emailed Dean asking a couple questions about the flight school and James Ray. This was his reply.

We currently have eleven students in training.. However, to become a 141 FAA certified flight school, a prerequisite for being approved by the FAA, State Department, and TSA to train foreign flight students we need a primary trainer (Cessna 172), and twin engine (Piper Seminole), and a high performance single (Piper Archer) in our inventory. We now have all three. I met James Ray through a mutual friend, and Jim bought into our dream, and he and I speak every day. Dean"



I was upset about today's PR and the company buying planes before dealing with the acquisitions, but after reading this, I see how buying the planes is just as important.

Good lord - I just got done submitting the app I was working on... been here for 23 hours straight, working non-stop. So... what happened today? Things go good or bad? I'm taking tomorrow off, lol.

I'm scared to look at the tickers.

ok, no replies, now I'm really scared...lol.

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Originally Posted by Ramsey

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Rams

PS: And Julie, did you expect *US* to be boring? Come on, now, lady --- you're hanging with the creme de la creme -- :D

You should also be aware that we men, here, have a habit of skewing the scales. Few men measure up to us, ya know. Especially Bill.


And Bill...you're just alright, man.

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I know better than that Rams. You guys sure aren't boring, far from it. That's why I keep coming back for more. :p


I hope your wife is feeling better! :)

Julie

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Originally Posted by ShotsII

Quasar Aerospace Industries, Inc. Announces the Acquisition of Two additional Twin Engine Trainers for Atlantic Aviation


2009-10-15*13:23*ET - News Release

JACKSONVILLE, FL -- (MARKET WIRE) -- 10/15/09


Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) is pleased to be able to afford our shareholders the most recent additions to our flight school training aircraft.

We have purchased 1 Piper Seminole PA-44 for $87,500.00 and 1 Piper Arrow PA-28 for $84,500.00 in 2 separate transactions. Both airplanes are going to be put to immediate use at our Atlantic Aviation flight training facility at Herlong Airport where current and future students will have the opportunity to learn on these wonderful aircraft.

The Piper Seminole

Specifications (PA-44-180 Seminole)

Data from Airliners.net

General characteristics

-- Capacity: 3 passengers

-- Length: 27 ft 7.2 in (8.41 m)

-- Wingspan: 38 ft 8 in (11.77 m)

-- Height: 8 ft 6 in (2.59 m)

-- Wing area: 184 ft² (17.1 m²)

-- Empty weight: 2,360 lb (1,070 kg)

-- Max takeoff weight: 3,800 lb (1,723 kg)

-- Powerplant: 2 (opposite rotation)× Lycoming O-360-A1H6 air cooled, direct-drive, horizontally opposed 4 cylinder engines, 180 hp (135 kW) at Sea Level each

-- Propellers: 2-bladed, constant speed, fully feathering Hartzell HC-C2Y(K,R)-2 C[L]EUF with pitch controlled by oil/nitrogen pressure. propeller, 1 per engine

-- Maximum Ramp Weight: 3 816 lb (1,731 kg)

-- Fuel: 2 main nacelle tanks, each of 55 U.S. gallon capacity (110 U.S. Gal. total), 2 U.S. gallons unusable.

Performance

-- Maximum speed: 202 kt

-- Cruise speed: 155 kt

-- Range: 1,000 miles (1,630 km) ()

-- Service ceiling: 17,100 ft (5,213 m)

-- Rate of climb: 1,200 ft/min (366 m/min) ()

-- Wing loading: 21.1 lb/ft² (100.8 kg/m²) ()

-- Power/mass: 10.55 lb/hp (0.16 kW/kg)

-- Single Engine Service ceiling 3,800 ft

The Piper Arrow

General characteristics

-- Crew: one pilot

-- Capacity: three passengers

-- Length: 23.3 feet (7.16 m)

-- Wingspan: 30.0 feet (9.2 m)

-- Height: 7.3 feet (2.25 m)

-- Wing area: 160 sq ft (15.14 m²)

-- Airfoil: NACA 652-415

-- Empty weight: 1201 lb (544 kg)

-- Loaded weight: 2150 lb (975 kg)

-- Useful load: 949 lb (430 kg)

-- Max takeoff weight: 2150 lb (975 kg)

-- Powerplant: 1× Lycoming O-320-E2A Sensenich M74DM, 150 hp (113 kW)

-- Propeller diameter: 74 inches (1.9 m)

Performance

-- Maximum speed: 123 knots (142 mph, 230 km/h)

-- Cruise speed: 108 knots (124 mph (200 km/h), 201 km/h)

-- Stall speed: 47 knots (54 mph, 87 km/h)

-- Range: 465 nm (535 sm, 867 km)

-- Service ceiling: 14,300 feet (4400 m)

-- Rate of climb: 660 ft/min (3.4 m/s)

-- Wing loading: 13.4 lb/sq ft (64.4 kg/sq m)

-- Power/mass: 14.3 lb/hp (0.116 kW/kg)

Quasar is obviously making great strides towards fulfilling our business plan and the additions of these aircraft coupled with the recent purchases of our flight simulators will enable Atlantic Aviation to aggressively pursue many new students and become ready for the expansion to our facility to be completed hopefully in Spring 2010.

As we are aware that the 6 acquisitions are also at the forefront of our shareholders minds based on the amount of phone calls and emails received. We do want to advise that we are rapidly progressing on these fronts and there will be updates forthcoming as appropriate.

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"We do want to advise that we are rapidly progressing on these fronts and there will be updates forthcoming as appropriate."

Translation: "Due to the high BTU situation ..."

Kidding! :)

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Originally Posted by Dr. Dave

ok, no replies, now I'm really scared...lol.

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Hi Dave, I usually stare at them Marty Feldman style on the second monitor all day long ... What I try to avoid is looking at my Etrade account ... :rolleyes:

For me, it's just another day of ...

"Yes sir, may I have another?"

Darn it, tried to lowball QASP first at .012 then later at .0152 ...

"Yes sir, may I have another?" LOL

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Originally Posted by Los Tiburones

"We do want to advise that we are rapidly progressing on these fronts and there will be updates forthcoming as appropriate."

Translation: "Due to the high BTU situation ..."

Kidding! :)

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Hey Tib..I know how you feel man, I've become skeptical of anything coming directly from these companies. I'm expecting any day now to hear that the FDA will ban the artificial production of Algae...lol.

All I know is that today I did the Snoopy dance (nose up, feet tapping) picking pockets over at GSAE. Spent a little more than a week in their pocket and walked out with 23%! Normally I would ride my green account for awhile, but I needed a moral boost after staring at nearly 40-60% down on my other stellar picks.

Anyhoo...enough of that rant. Better days coming....I HOPE!

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Originally Posted by candleman

And that was another beautiful day! Made a little money for the third day in a row. That's such a nice feeling...:)

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Where do I sign up for Pocket Picking 101 from professor Candleman? I'm in dire need of some schooling...lol.

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Originally Posted by billhart22

Hey Sandy,

Great to hear from you. I like those pocket pickers!

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Hey Bill..thanks. Yeah, pocket picking is my new favorite activity. I've been swamped at work (we're actually selling our little company...woohoo---maybe I can become a consultant to some of these penny ceo's on how to build a business...lol) so I've neglected my penny portfolio and paid a heavy price...I'm way down on BCLE, BEHL and I was astute enough to get into ASFX at it's zenith (just prior to that stupid CC).

Fortunately I can focus now and I'm gonna become a full fledged member of the Pocket Pickers!

Maybe we start our own Blog and stock picking newsletter...get some of these numbskull companies to pay us to promote their sorry stocks. Wouldn't that be a hoot! hmmm...I've got a couple of empty LLC's laying around collecting dust. Thoughts? Anybody??