"Without shares, QMC can't pay their bills. There
Post# of 22465
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Posted On: 06/29/2021 1:29:22 PM
"Without shares, QMC can't pay their bills. There is no evidence that they are generating any sizable revenues."
-My assumption is that Pasaca has lent QMC money IAW the Pasaca deal, which will hopefully keep them afloat. QMC also stated modest revenue would occur 4th quarter fiscal year 2021 (which ends in 2 days). I wouldn't expect revenues to be displayed until they have submitted their 10-Q for this current quarter/10-K for 2021. I am fairly confident they have generated revenue due to the distribution agreement with Innova. That agreement was created in Aug 2020, and we have not yet received financial reports for 2020-2021. More to come "IF" they file.
"The thing is that is was all intentional."
-There is no evidence of that but I do agree that Squire's has dropped the ball. Hard.
"QMC had a controller and you would think that in council he would have informed Steve (if he couldn't figure it out for himself) that this was a real possibility. I want to know what is the end game here? If they do survive they will do so on Pasaca's dime which means a restructuring to the shares with a healthy reverse split 100:1 would be my guess. Of course the existing board and big fish will get some kind of compensation. Or they start over with a new ticker that involves Innova. This is how Pasaca deals us."
-I am also concerned with the outcome of revocation. I hope that Squire's files an S-1, etc and re-instates the current share structure to save investor's. Truth is, there is a possibility that we get screwed, IMO. No one knows. I would say to trust Squire's, since in the most recent 10-Q he stated that he is doing everything in is power to rectify things, but thus far his word has not been reliable. My biggest concern is Pasaca walking away, or buying out QMC while leaving existing shareholders dry. All we can do is wait and see what happens.
-My assumption is that Pasaca has lent QMC money IAW the Pasaca deal, which will hopefully keep them afloat. QMC also stated modest revenue would occur 4th quarter fiscal year 2021 (which ends in 2 days). I wouldn't expect revenues to be displayed until they have submitted their 10-Q for this current quarter/10-K for 2021. I am fairly confident they have generated revenue due to the distribution agreement with Innova. That agreement was created in Aug 2020, and we have not yet received financial reports for 2020-2021. More to come "IF" they file.
"The thing is that is was all intentional."
-There is no evidence of that but I do agree that Squire's has dropped the ball. Hard.
"QMC had a controller and you would think that in council he would have informed Steve (if he couldn't figure it out for himself) that this was a real possibility. I want to know what is the end game here? If they do survive they will do so on Pasaca's dime which means a restructuring to the shares with a healthy reverse split 100:1 would be my guess. Of course the existing board and big fish will get some kind of compensation. Or they start over with a new ticker that involves Innova. This is how Pasaca deals us."
-I am also concerned with the outcome of revocation. I hope that Squire's files an S-1, etc and re-instates the current share structure to save investor's. Truth is, there is a possibility that we get screwed, IMO. No one knows. I would say to trust Squire's, since in the most recent 10-Q he stated that he is doing everything in is power to rectify things, but thus far his word has not been reliable. My biggest concern is Pasaca walking away, or buying out QMC while leaving existing shareholders dry. All we can do is wait and see what happens.
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My posts is of my opinion only. Please conduct your own Due Diligence; this is YOUR investment.