Market Watch for week of 8/17/2009

[SiriMonkey]

Julie, I am sorry, I didn't see that you posted up there. First of all if they are dead you cannot cook them and eat them. Crab (raw) is very poisonous. The fishing seasons for King Crab are extremely short, sometimes a matter of 72 hours. Different fisheries (mapped out locations) have different seasons. They really control the fisheries and are very strict. The Coast guard is out there in the Bering Seas on Coast Guard Cutters and they will board you anytime that they feel like it...at any hour...you just have to comply. On the Cutters they have the I.R.S., The Department of Fisheries, the F.B.I and a bunch of different government agencies. When they come on board, they check your passports and if you are wanted for anything, they will take you with them.

You can be way out in the middle of the sea and they can see you, but you can't see them. They will pull up next to you, get in a little red rubber boat and come on over. They board with full automatic weapons and hand guns, flack jackets and the whole works.

The price is because of supply and demand. You throw the little ones back, that are too small to keep, by law.

I hope that you are having a great Saturday night!

Thanks Bill for that detailed explanation. Wow, I didn't realize there
were so many agencies involved, even the I.R.S. That's worse then getting pulled over by the police.
I guess they mean business when they watch the boats.
Having a wonderful, restful Saturday night. Resting after my big
Chicago adventure. Hope you're having a nice night yourself, Bill!

Julie

[billhart22]

I forgot to mention that in addition to size you can only keep the males. How do you tell the difference? Female king crab's abdomen or "tail" is very wide. A male's tail is triangular shaped. So each crab has to be checked really fast, because of the high number of them in a catch. That is why you see all of the crab flinging over the side of the boat going on. There is a specie of Red King Crab also that are really meaty. But when you cook those the turn bright bright red. There are also two other species that I personally know of: The Golden and Scarlet King Crab. Ophelia "Oppies" are much less meaty crabs and there are seasons for them also. They are fished at different times of the year from Kings. Oppies are typical store crab. The only other crabs that I know of are "Saber-toothed crotch crickets".

[Los Tiburones]

Los Tib, Happy 11th Anniversary to you and your wife.

I imagine that new Focus you bought her still makes her very
happy.

Many more happy years to you both.

Julie

Thanks Julie and AG, we just had a wonderful dinner next door (literaly) at a Mexican resteruant here that never fails to be outstanding ... They even have a seranding guitar player\singer that preforms while you eat ... Love his "Thank you very much" Elvis-like attempts with that Spanish accent ... too funny!

Yes, not only the car but a certified SIRIUS lover now as well - She's hooked ...

Dig some digging around on the spoke earlier, there is a interesting post from someone there who supposedly has some experience in the field ... Think the post ended in 847 ... This really could be something here, it had me out looking again for more info ... They got picked up on by the StockGuru http://www.stockguru.com/about/qasp

[Los Tiburones]

Quasar Aerospace Industries, Inc. (QASP)
Written by John Pentony on August 22, 2009

http://www.stockguru.com/about/qasp/

Quasar Aerospace Industries, Inc.

Quasar Aerospace Industries, Inc. (OTC: QASP) is an integrated aviation/aerospace corporation created to pursue an innovative and highly synergistic business strategy in the aerospace industry.

Quasar Aerospace Industries, Inc., formerly Equus Resources, Inc., is the holding company for a group of aviation related entities that through their union strengthens the Company making it more efficient and profitable.

Three wholly owned subsidiaries of the company are:

Atlantic Aviation, Inc. (AAI) operates a flight school at Herlong Airport in Jacksonville, Florida
Quasar Aircraft Corporation is developing a four place trainer aircraft
Quasar Aircraft Corporation also intends to develop the Quasar I, a twin engine, six place very light jet aircraft
Aviation Import/Export has been formed to import aircraft and/or components for sale, lease and use by qualified Quasar Aerospace Industries affiliates and other companies

Equus Resources, Inc. merged with Quasar Aerospace Industries, Inc. on March 18, 2009.

Atlantic Aviation, Inc. (AAI)

Atlantic Aviation, Inc. (AAI), a wholly owned subsidiary, operates a flight school at Herlong Airport in Jacksonville, Florida.

Atlantic Aviation Inc. was formed to respond to a critical shortage of flight school capacity in Florida with a particular demand for training international students. Once the initial school is operational, the goal is to market this “School Concept” as a turn-key franchise opportunity to aviation professionals around the country.

Letter of Intent for Flight School Students: Atlantic has signed a Letter of Intent with a group from India to train foreign flight students, and has submitted an application to the U. S. Secretary of State for approval for this operation. When the program begins, the Company plans to add ten students per month until it is fully operational with 60 students in training at all times at varying stages of training and a full capacity of 80 students.

The flight training program runs for approximately six months, and each student pays $66,000 for the full program.

At full capacity this one school could generate approximately ten million dollars in revenue with margins ranging from 38-45%. The flight training program currently has eight students enrolled.



Atlantic Aviation Jacksonville Facility:

The Company has a long-term lease with the Jacksonville Aviation Authority for a flight training facility.

The facility will have:

A 14,000 square foot maintenance hangar that will hold six aircraft
A 6,750 square foot administration and training building
Ramp parking for 25 aircraft
The Herlong Airport Project agreements have been signed with the Project Manager/General Contractor, the Civil Engineering firm and the Architect.

Dakota & Company of Jacksonville was selected as the general contractor. This firm has been the developer and builder of several exceptional airport projects. Mr. Fred Dewitt, the company president, will oversee all engineering, design and construction for the maintenance hangar, office building and site development. Dakota and Company has recently completed the Marco Airplane Hangar in Jacksonville, Florida. www.dakotaandcompany.com.



The civil engineering company selected for the project is Phillips Civil Engineering. The architect the Company has chosen is Wharton Donaldson who is the Architect of record for the Marco Airplane Hangar and thus has a great working relationship with Dakota and Company. www.phillipscivil.com.

The project will be the first truly Green development on any airport in the Jacksonville area. Amongst the Green Building Initiatives will be photovoltaic electric, radiant heating and a highly insulated building.


Quasar Aerospace Industries, Inc.

Quasar Aircraft Corporation is developing a four seat trainer aircraft and will be the developer of a twin engine, six seat very light jet aircraft.

Acquisition of Manufacturing Company for Aircraft

Quasar Aerospace Industries, Inc. executed a binding agreement to acquire a manufacturing company that will provide production capability for the Quasar line of aircraft currently in development. For security reasons the name of the company will not be divulged until the acquisition is closed.

The acquisition is to be made with private funding at $54 M, of which $40 M will be in cash and the remainder in assumption of liabilities. This acquisition when it closes is anticipated to add approximately $44 M to the Company’s revenue stream and $10 M in EBITDA.

The company to be acquired has a vast range of capability in the aerospace industry, and operates three plants totaling approximately 300,000 square feet. The company owns two of the plants equaling 190,000 sq. ft. and leases the third plant. The revenue and profit numbers are achieved with less than 250 employees and an excellent safety record.

Undisclosed Purchase Agreement for Aviation/Aerospace Company




An agreement to acquire a third aviation/aerospace company was signed in May of 2009. The full Board of Directors of the company to be acquired unanimously approved recommending to the shareholders that they accept the offer of One Dollar per share for the 32 M shares outstanding. The members of the Board hold over 80% of the outstanding stock so shareholder approval is certain to be obtained.

The acquisition will add approximately $18 M to the Company’s annual revenue and $3.75 M to the bottom line. The current management team will remain intact. Quasar’s management team has been closely associated with this company for over three years.

Management and Board of Directors

Dean Bradley. Chief Executive Officer and a member of the Board of Directors.

Mr. Bradley has served as CEO and President of multiple companies in both the public and private sectors. He has founded over a dozen companies and launched multiple startups.

James Ray President of Quasar Aircraft Corporation, a wholly owned subsidiary.

Mr. Ray brings over 40 years of senior level management in the aerospace/aircraft industry to the Company. He is one of the world’s foremost experts in composite fiber technology having worked for the original United States Air Force team that initially evaluated graphite fibers for aviation use.

Mr. Ray will lead the design engineers and the manufacturing process for both the new single engine training aircraft being developed and the development program for the twin engine very light business jet currently under way.

In addition, James Ray headed up the design team for Sikorsky Aviation, a division of United Technologies, to bring us the Blackhawk and Seahawk helicopters. Most recently, Mr. Ray was CEO of North American Composite Consortium which serves as a liaison effecting aviation contracts for the United States Navy. Mr. Ray has served on the Company’s Advisory Board for the last three years and works seamlessly with management team.

Thomas Costanza Chief Financial Officer.

Mr. Costanza has 20 years of experience in financial management, tax expertise, securities compliance and “Best” Accounting Practices to the company. His professional experience includes working with both public and private companies in a variety of sectors including financial services, manufacturing and online media/e-commerce. His significant capability leading successful merger and acquisitions initiatives, finance capitalization strategies, and corporate governance.

Since 2008 Mr. Costanza has been President of Accountabiliti LLC, a firm that provides financial management solutions to companies. Prior to founding Accountabiliti he was CFO and interim President of a global manufacturer where he led the sale of the business to a major European private equity firm. He was CFO for a developing publicly traded online media and e-commerce business where he led the raising of $15 million in private equity and a significant acquisition that nearly doubled the revenue scale of the business. Mr. Costanza will remain with Accountabiliti, which will allow him access to a variety of professional resources provided by the firm. Mr. Costanza earned his Bachelor of Science Degree in Accounting from the Florida State University before passing the CPA exam on his first attempt. He began his professional career with big-four international audit and tax firm Ernst & Young based in Jacksonville, Florida.

Marty Zell — Board of Directors and Vice-President for Shareholder Relations.

Bert Watson, Jr. — Board of Directors

Contact:

Dean Bradley
904-612-8485
deanbrad@bellsouth.net

Scott Martin
770-521-9410
scott.martin@jpccapital.com

Quasar Aerospace Industries, Inc.
9300 Normandy Blvd.
Suite 511
Jacksonville, FL 32221
http://www.equusresources.com
Phone: 904-612-8485
Fax: 904-378-3252

Trouble with being backed up on replies ... didn't see this earlier.

[Los Tiburones]

We know that the fair value of this company should be anywhere between .60 (on the low side) to possibly $1.25 (depending on the P/E ratio).
So, if the company delivers as promised and can prove the numbers...how quickly can we realistically expect the PPS to get up into this range?

When SPNG took flight, it took about 2 weeks (I think) to reach its high. Obviously, there is NO comparing the two companies... which is why I would expect QASP to perform way better...and stay there! Talk to you later

Uh oh ... I think someone might be on to us on the spoke ... I swear I saw this exact reply quoted over there earlier. Whoever it was didn't mention where it came from ... I could be imagining things, maybe it's just the Margaritas talking ...

[Los Tiburones]

I forgot to mention that in addition to size you can only keep the males. How do you tell the difference? Female king crab's abdomen or "tail" is very wide. A male's tail is triangular shaped. So each crab has to be checked really fast, because of the high number of them in a catch. That is why you see all of the crab flinging over the side of the boat going on. There is a specie of Red King Crab also that are really meaty. But when you cook those the turn bright bright red. There are also two other species that I personally know of: The Golden and Scarlet King Crab. Ophelia "Oppies" are much less meaty crabs and there are seasons for them also. They are fished at different times of the year from Kings. Oppies are typical store crab. The only other crabs that I know of are "Saber-toothed crotch crickets".

Great explanations there Bill ... I am really a huge fan of Alaskan King Crab ... It seems night and day to me, maybe I just got spolied ... the regular, for lack of a better term is just too 'fishy' (sorry) for my taste. Maybe it's just the typical store crab that I have been exposed to.

Just not a fish guy at all other than native trout ... Texas and taters ... I swear I was a T-Rex in another life ...

[billhart22]

We used to steam up to Dutch Harbor in the Aleutian Islands to this place...Dutch Harbor:



Then from there we used to backload and then go out to sea. I have been through many a severe storm/hurricane there at Dutch. 100+ mph winds are normal and the snow blows sideways.

I love crab and fish. If it smells or tastes like fish, then it isn't fit to eat. Throw it away!

Damn, it looks like they have a paved road there now.....talk about movin on up!

[billhart22]

Great explanations there Bill ... I am really a huge fan of Alaskan King Crab ... It seems night and day to me, maybe I just got spolied ... the regular, for lack of a better term is just too 'fishy' (sorry) for my taste. Maybe it's just the typical store crab that I have been exposed to.

Just not a fish guy at all other than native trout ... Texas and taters ... I swear I was a T-Rex in another life ...

Fish and Crab in the store are generally old, that is why they stink like fish. They carry a lot of bacteria...especially Crab. Crab are bottom feeders and scavengers and eat each other and anything else they can find. They will eat anything! That is why they are poisonous until they are cooked, because of all the bacteria that they have in them. That is also why they go rancid so fast. They are really at the bottom of the food chain. If they are glazed they will last a whole lot longer.

I hope you are having a great Saturday night..went to the Mexican restaurant, eh? And slipped in a couple of Margaritas?

I am done talking about Crab, unless anybody has some Crab questions, which I am sure nobody does. I just finished watching the Broncos getting their asses kicked by the Seahawks. This is going to be a long football season here in Denver....

[bassmaster]

dave, ive been trying to analyze QASP using the elliot wave theory tonight. help me out here. on a grand scale, i see the rise to .06 as the first wave. the retrace to .01 the 2nd wave, and now we are aproaching the 3rd wave. is that possible? i havent learned how to match FIBS to it yet (where to place them).

on a smaller wave cycle. i think .01 was the C wave , .053 was the 1 wave and we just hit wave 2 at .03. now we are ready to catapult to the third wave.

whats your opinion on my analysis? like i said before, i havent learned to match fibs to the chart yet ,so if you agree with me can you show me how i can use them?


btw...ive become bullish on QASP and will be returning to full position the next few trading days barring unexpected bad news, etc...

[Dr. Dave]

Hope with these support lines, its not too confusing -
also, there are a lot of "rules" for elliot waves, and I don't know them all - but I also don't expect every stock to follow them either, and pennies are of course the most erratic.

So In the super huge grand scheme of things - I placed "BIG 1", "BIG2" on the chart, we are waiting on "BIG 3" (or the stock to die, lol). These were the ones that relmor was talking about - ie. a "1" on the 0.63 spike on siri.

Then we have the subwaves - there's an official name... but I think you have them right. So starting from when the stock was worthless, we have a 12345 (boxed in blue) up to the BIG 1 (boxed in red). Now 5 should be higher than 3, but its not, but lets give 5 a break since 3 is mostly a candle wick.

Then we have the ABC down (boxed in blue) to 0.01. I also placed a few more minor waves in lower case letters, but since this is a penny stock and the action is compressed into days, not months... they are kind of erratic, ignore them for the most part, but you can often find them on bigger growth stocks...

Anyway, the C (boxed in blue) marks the end (hopefully) of the downturn, so we give it a BIG 2 (boxed in red), and then we start the subwave count up to the BIG 3. So far we have the 1 and 2 (boxed in green), and waiting on 3.

I removed the question mark on 2 on this new move, since we have a bullish candle set up, and it appears, as CNBC said for a year during the market crash, "the bottom is in" - at least for that move. We also have some decent volume, so there are more players... so that matches up with a big 2-3 move... which we have Big2-Big3, and the 2-3 move.

I agree with you, I'm bullish on it too - from the candle set up, volume, and what appears to be a wave count.

Fibs play a role with these wavecounts, but moreso for indexes and the bigger stocks...



I generally don't mark wave counts for stocks I play all that often, but do on indexes. I've been marking them on some of these penny stocks as the wave action would kind of correlate with different movements of people buying in.

I use fibs more to find support and resistance - you just draw them from highs to lows everywhere you can find them... we'll unless the price was taken out.. tough to explain.. but its with those, that I have had a lot of luck at figuring out where SIRI is bouncing around. I continually draw them - on every time frame. If they end up matching another set, or price support/resistance, then I know you have different sets of traders eyeing the same target.

I should brush up on the elliot wave stuff... it just gets a little too crazy - one of the guys I follow is nuts about it - and it gets hairy.

I still think that for the pennies, price support and resistance, volume and candles are the first most important things, fibs next, then elliots to get your bearings if it looks like there even is a pattern, then maybe indicators - but only if they don't span the flat line time period... which is why I don't subscribe to the moving averages - that's where you get your math artifacts...

been meaning to explain that one....

if you have a stock that flat lined for 30 trading days, then got a bump up and things are rallying - the 50 and 200 day moving averages are going to have some zeros (essentially zero) in the calc - but if you had a stock with the exact same action for the rally, but the rally occurred 250 trading days after the flat period - then those moving averages would be completely different, as they would be chock full of zeros. See what I mean? It's the zero part that makes them different than what you would see on a stock like JPM that hasn't approached zero.

While the cross is great for any stock, there is a different set of things going on between pennies and the big boards - on the big boards, the indexes are full of established stocks... the indexes cannot rise, unless those stocks rise, so you can't get a golden cross without 50%+ weighted up movement in those stocks that actually make up the index.. so when they move, you see the rise, and then all the other stocks follow... for penny stocks, there is no index, they fall and rally at different times... so while the cross is a good thing, they could just fall all on their own weight... on the big boards, if you get the cross - it means that the majority of the index components and thus the general market is rising in price, and that 3/4 of the stocks are going to be following that direction. So you get more confidence in the move. And the general market will help a stock from taking a bigger dive on bad news.

Now I'm totally off topic, and rambling.. but been meaning to spit that out for a while.