While I'm not pleased with QMC's lack of filing or shareholder updates, I do have to acknowledge Mr. Squires forward thinking.
When I first got involved with this stock nearly eight years ago, all the talk on the message boards was around how quantum dot displays was where the money was. We can all see now that price of QD displays has dropped markedly (I just picked up a 65" for $1600) and margins are tight. Sure, QMC would have made revenue but not likely the huge amounts everyone was expecting.
Next came QD based solar and India. This tech is still in its infancy and the massive abundance and low cost of natural gas is likely to keep even QD improved solar in a niche market for at least 10 years. Revenue from contracts with India will be nice. But again, I doubt it will be of a volume that's going to make QMC shareholders overnight millionaires.
Now we get to QDX ledger and other blockchain initiatives like QMC HealthID. In my opinion this sets QMC apart. More so than all the other ventures, this tech has the potential to push QTMM into the double-digit share price in a couple of years.
Right now our big customer is Innova. The success of QMC HealthID during the COVID crisis, combined with SEC filings showing revenue will get people's attention. However, that information has to be out there in order to spur new investors which will drive share price upward.
I've never liked the rocketship analogy. To me it's more like a locomotive in the railyard. We've apparently coupled a dozen heavily ladened railcars. A SEC filing with revenue means we've engaged the engine to forward. Forward motion will be slow at first but eventually speed will increase. Speed and the mass of the railcars mean momentum. Along the way, QMC will be coupling more railcars. Eventually, hopefully sooner rather than later, the locomotive will be cruising at 60 mph with 100 railcars behind it. That's when early investors will need to deal with the headaches that come with wealth management.
Here's to all of us agonizing in the future wheter to buy the second home in the mountains or the 100 foot yacht.
When I first got involved with this stock nearly eight years ago, all the talk on the message boards was around how quantum dot displays was where the money was. We can all see now that price of QD displays has dropped markedly (I just picked up a 65" for $1600) and margins are tight. Sure, QMC would have made revenue but not likely the huge amounts everyone was expecting.
Next came QD based solar and India. This tech is still in its infancy and the massive abundance and low cost of natural gas is likely to keep even QD improved solar in a niche market for at least 10 years. Revenue from contracts with India will be nice. But again, I doubt it will be of a volume that's going to make QMC shareholders overnight millionaires.
Now we get to QDX ledger and other blockchain initiatives like QMC HealthID. In my opinion this sets QMC apart. More so than all the other ventures, this tech has the potential to push QTMM into the double-digit share price in a couple of years.
Right now our big customer is Innova. The success of QMC HealthID during the COVID crisis, combined with SEC filings showing revenue will get people's attention. However, that information has to be out there in order to spur new investors which will drive share price upward.
I've never liked the rocketship analogy. To me it's more like a locomotive in the railyard. We've apparently coupled a dozen heavily ladened railcars. A SEC filing with revenue means we've engaged the engine to forward. Forward motion will be slow at first but eventually speed will increase. Speed and the mass of the railcars mean momentum. Along the way, QMC will be coupling more railcars. Eventually, hopefully sooner rather than later, the locomotive will be cruising at 60 mph with 100 railcars behind it. That's when early investors will need to deal with the headaches that come with wealth management.
Here's to all of us agonizing in the future wheter to buy the second home in the mountains or the 100 foot yacht.
3
