The gist of it before it replayed the PR ...
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Yesterday`s release saw a bit of a sell-off, as the EBITDA was shown in the initial release as $15 million; actually it is anticipated to be $33 million. A correction was made. The sell-off represents real value in the market today... Yesterday I made these comments, and they are still valid today: What does Wednesday`s release from QASP really mean (see this release below) 1. They have the money they need without the need to dilute shares. This is key. We cannot have them diluting shares, otherwise you do not know what you really are buying! 2. The company is moving forward on closing the acquisitions. They are also being prudent and not breaking the transactions up, thus adding unnecessary expense. A lot of CEO`s woulddo that just to get them "done." Doing them separatelyis OBVIOUSLY detrimental and would be fiscally irresponsible.So here we have fiscal prudence. 3. The company is coming closer to having these shares break-out from being naturally valued more based on this fiscal responsibility and a great business plan. Expect to see some real movement in the market today and this week from this.
Quasar Aerospace Industries, Inc. Gives a Comprehensive Update to Investors
Included Is an Update on the Recent Capital Raise, the Four Acquisitions and an Updated Website for Atlantic Aviation