"Preferred aren't required; Debentures could be us
Post# of 22454
Posted On: 12/18/2016 7:08:28 PM
"Preferred aren't required; Debentures could be used if needed.
If Preferred aren't required and they already have the power for RS if deemed necessary, why pursue Del Inc. at this point?"
Debentures are simply financing using stock as collateral in the case of QMC. It's the same using common shares or preferred shares.
"Can't a stock be uplisted from Nev? Why disrupt sh now w/that, when they'd be more apt to agree after they have a little profit showing?"
The company gave reasons in proxy for transition to DE. More explanation can be asked from management if you have concerns. I read through the laws and the change Durant affect us directly as shareholders. All rules are set in the certificate of incorporation which needs some revisions (attached to proxy).
"Why not give a time limit of up to 3 months for news to bake in, (and any other contracts w/in that time span)?
If the sp rose above $3.25 for the required time and the run looked to stall, pull the RS then."
As I previously stated, for proper financial valuation (assuming contract announced in 1st quarter) with full quarter of revenue in second quarter, it'll be October before we have a solid valuation. The only exception is if the company releases performance goals after the contract and give estimates revenues. That might happen, but it'll be dependent on what is allowed by their contract with their buyer. They may be stuck only reporting revenues after the fact for the first couple contracts. After they have many contracts, providing performance goals will become routine business practice and the revenue won't be easily tied to one or two buyers.
If Preferred aren't required and they already have the power for RS if deemed necessary, why pursue Del Inc. at this point?"
Debentures are simply financing using stock as collateral in the case of QMC. It's the same using common shares or preferred shares.
"Can't a stock be uplisted from Nev? Why disrupt sh now w/that, when they'd be more apt to agree after they have a little profit showing?"
The company gave reasons in proxy for transition to DE. More explanation can be asked from management if you have concerns. I read through the laws and the change Durant affect us directly as shareholders. All rules are set in the certificate of incorporation which needs some revisions (attached to proxy).
"Why not give a time limit of up to 3 months for news to bake in, (and any other contracts w/in that time span)?
If the sp rose above $3.25 for the required time and the run looked to stall, pull the RS then."
As I previously stated, for proper financial valuation (assuming contract announced in 1st quarter) with full quarter of revenue in second quarter, it'll be October before we have a solid valuation. The only exception is if the company releases performance goals after the contract and give estimates revenues. That might happen, but it'll be dependent on what is allowed by their contract with their buyer. They may be stuck only reporting revenues after the fact for the first couple contracts. After they have many contracts, providing performance goals will become routine business practice and the revenue won't be easily tied to one or two buyers.
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