Quasar Aerospace Industries, Inc. (OTCMKTS:QASP) Finally Announces Head Shop Location

Let’s hope that Quasar Aerospace Industries, Inc. (OTCMKTS:QASP) is not late to the party- only in April did the company gather up the tools to transform itself into a MMJ ticker. True, this did the stock price some good, but QUASP is coming in at a moment when the general sector is allowing itself a few days of rest and direction-seeking, or sometimes, of relentless crashing.

For now, QASP is also showing downside potential. On Tuesday, the ticker lost 12% to $0.0022, positioning itself as one of the cheapest double-zero positions. Dollar volumes were above $819 million, as selling accelerated a bit. Now, QUASP is entering a zone where selling interest outspaces buying.

The company tried to repair the damage with a fresh PR from April 8th, outlining its latest acts and partnerships that will hopefully make the switch from organizing pilot schools to another mode of getting high. QASP announced it reached a final agreement with a medical dispensary based in Denver, Colorado- Natures Cure III, LLC. The final deal is subject to court review and approval. QASP has the benefit of an actual working, licensed store front for diverse medical and recreational products, though it is unknown how the old OTC company would assist the dispensary.

Unfortunately, QASP will not be giving a positive enough OTC exposure, since it is a pink sheet with no available financial information. We can’t truly know if QASP is equipped to help Natures Cure through financial injections. Speaking of the dispensary, online reviews show that it is a rather modest location, hardly one of the stars on the market- but this is even more than other MMJ companies can claim for themselves.

Now, QASP has to rely on the days leading up to a more updated financial report to boost the trading. With more than 850 million shares in free float, QASP really feels no urge to rise. Still, the very low price may encourage investors to try out an easy mode of exposure to the pot stock boom. Now, QASP is at the bottom of a falling trend as it shed positions from a peak of 38 cents to the current level of 22 cents. So despite the red flags around the company, buyers may reappear.

Investors’ forums show clear awareness of the risks and hidden rocks around QASP, both in its previous bid at being an “aerospace” leader, and its current overhyped head shop. Still, there are enough candidates to ride out the current trend, which is attractive for short-term growth potential.

But QASP looks more and more like those disastrous second-guesses which end up in the doldrums, with slim price volumes. While MMJ stocks always manage to round up buyers, some are thrown to the sidelines.

Smart Ventures, Inc. (OTCMKTS:SMVR) does not seem so smart now, as it lost nearly 90% of its price in a few short days. Before making any more stable claims as a new MMJ stock, SMVR only had time for a very short-term gaining session. Green Innovations, Inc. (OTCMKTS:BGNN) played out the same drama, only in the range between triple-zero and double-zero prices. BGNN is now back almost to the pre-boom levels at $0.0003.

If you decide you have the required speed to make use of those highly risky positions, be prepared to also absorb serious losses.