GACFQ (Global Aircraft Solutions) was sent out as a “Tweet” during late day trading yesterday, when I saw it starting to move at .002. I couldn’t believe my eyes when this roachy dog moved 240%+ on less than 2.5 million in volume.
This past roachy winner that brought in gains upwards of 860% has made it onto our roachy hall of fame wall, and it looks like it wants to do it once again.
When a stock moves this fast on minimal volume it screams low floater to me. The reported O/S is only 41 million, the 240% close on low volume shows me that people are still holding their shares from the last run, and the drop in PPS was mainly due to profit taking, shorting, and some panic selling. When a stock has an extremely low float, the PPS tends to move rapidly in both directions.
If you notice on the charts, the volume that took GACFQ down was very low, it maintained very low volume for weeks. Now with the MACD diverging, PPS oscillator rising, the Acc/Dist turning to the upside, it looks like one of the best Q plays in town is ready to stretch it’s legs once again.
There cannot be dilution as long as the company has the Q stuck to it’s ass, so currently there is no fear of any dilution.
As for the questions as to GACFQ’s assets, GACFQ became Ascent aviation after a court cleared GACFQ of chapter 11 back in 2010.
A.> According to pacer this company is no longer in BK. It was dismissed.
GLOBAL AIRCRAFT SOLUTIONS, INC. (pla) azbke 4:10-ap-00127 01/21/2010 11/10/2010 Dismissed or Settled Without Entry of Judgment
B.> Pacer doc of dismissal:
One South Church Avenue, Suite 700
Tucson, Arizona 85701-1611
Rob Charles, State Bar No. 007359
Direct Dial: (520) 629-4427
Direct Fax: (520) 879-4705
Stefan M. Palys, State Bar No. 024752
Direct Dial: (602) 262-5352
Direct Fax: (602) 734-3796
Attorneys for Frank T. Hundley, Chapter 11 Trustee
UNITED STATES BANKRUPTCY COURT
DISTRICT OF ARIZONA
GLOBAL AIRCRAFT SOLUTIONS,
Case No. 4:09-bk-01655-JMM
GLOBAL AIRCRAFT SOLUTIONS,
CMS AIRCRAFT SUPPORT GROUP,
Adversary Case No.: 4:10-ap-00127
JOINT STIPULATION TO DISMISS
Global Aircraft Solutions, Inc. (“Global”) and CMS Aircraft Support Group, Inc.
(“CMS” and collectively with Global the “Parties”) have reached an agreement to settle
this case.1 Based on that agreement, the Parties hereby stipulate to dismiss this case
pursuant to Bankruptcy Rule 7041 and Fed. R. Civ. P. 41. Because this stipulation of
dismissal is signed by all parties who have appeared in this case, this stipulation is
effective to dismiss the case without further action by the Court. See Bankr. R. 7041
(incorporating Fed. R. Civ. P. 41) and Fed. R. Civ. P. 41(a)(1)(A)(ii) (dismissal is effective
without a Court order where it is signed by all parties who have appeared in a case).
1 Neither the terms of Global’s confirmed Chapter 11 plan nor the Bankruptcy Code or
CaseR u4l:e1s0 -raeqpu-0ir0e1 t2h7is-J CMoMur t ’ sD aopcp 1ro2v a lF fioler dth 0is8 /s1e2tt/l1e0m e nEtn. tered 08/12/10 09:51:20 Desc
Main Document Page 1 of 2
C.> “VACATED: PER PLAINTIFF, THE PARTIES HAVE REACHED A STIPULATION”
D.> Important: Not one pacer filing or any other filing has given authority to cancel common shares.
As to who owns GACFQ’s shares of common stock, it appears that Victory Park is the one that acquired GACFQ aka Ascent aviation.
Speculation, and rumors say that there is a possibility that the common shares of GACFQ could be used by Victory Park to offer an IPO of Ascent, which is currently privately held.
GACFQ could soon see the Q come off, and a cusip along with a name change in the not too distant future should the speculators turn out to be right.
Q stocks seem to be the flavor of the month again, so load GACFQ onto your watchlists immediately. How high can she fly? Let’s find out.
Senorita “Tweet this” Roachita
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