Quasar Aerospaces (PINK:QASP) has been moving up over the past days. Yesterday, the stock added the next 20.91% to its 
price, while its traded volume exceeded 338 thousand shares for the day.
Will the climb continue? Judging by the current promotions of QASP, it’s quite possible.
The campaign has started yesterday and it’s still on today, worth $30,000 so far. The promoters predicted “a win story” for QASP and it’s about time to see if the up move continues.
Meanwhile, yesterday’s promotions were accompanied by a piece of news by Quasar. It stated that the company’s Board of Directors has agreed to reduce the total number of shares authorized to 475,000,000. According to the announcement, many other issues of QASP remained unresolved, though the corporation felt that the share reduction was prudent at the time.
The positive statements in the press release, accompanied by the series of promotions were meant to pump up QASP stock price. It’s up to traders now.[BANNER]
Quasar Aerospace Industries, Inc., formerly Equus Resources, Inc., manufactures aircraft and aircraft components and operates flight training operations. As of December 31, 2011 the company’s financial condition looks doubtfully optimistic.
Its cash position has improved and liabilities decreased, however, the accumulated deficit got double.
At the same time, the management of Quasar stated that the company has been in the process of acquiring additional equity capital to meet outstanding obligations and operating expenditures.
