Its true what you say, "500,000 shares @ 10 bucks
Post# of 22454
There are R/S done by those who just want to dilute and live off that, but clearly, this R/S will be done with the purpose of catapulting onto a better exchange. You can't classify it with the R/S type that goes nowhere. The deal that just happened doesn't suggest QMC do anything, it mandates QMC uplist by the end of March.
Uplisting is a great reason to do an R/S because getting onto a better exchange will allow Financial Institutions, large funds, ETFs and Investors to invest in QTMM and QMC and that means the stock price goes up from there. So while the R/S looks like it doesn't help you, the end result of uplisting definitely will, and that's where you make the multiples you want.
We're getting three board members from Pasaca Capital, a $9 Billion Dollar entity that hires people at the top of their field to do outsize deals. They would not make the commitment unless they could make it successful.
QMC has been hiring extraordinary people too, from top companies. They would not come here unless they also saw the vision of the company.
You may never have heard of Dr. Todd Malan, but he's been working with quantum dots, stem cells and treating infectious diseases for over more than 10 years, and he joined QMC as Sr. VP of Clinical Research at Quantium Materials Corp. Obviously this is a case where his dreams to advance his research will now be funded by QMC which has the special quantum dots and the clinical testing blockchain system he will need to develop, test and prove his infectious disease diagnostic tests and treatments. In other words, the same type of ecosystem QMS uses for Covid can be easily adapted to Dr. Malan's work. I am looking forward to hearing his plans for his work with QMC. Remember, Innova would be happy to work with QMC to bring needed commercial tests to market.
So while the R/S might not be seen as the best solution, it gives Squires funding to make QMC bigger and higher value. In fact, I believe it will turn out to be the best solution, because it starts the clock on everything Squires wasn't able to do without strong financial backing.