The company going private is only worth something
Post# of 22465
(Total Views: 397)
Posted On: 11/06/2022 12:45:13 PM
The company going private is only worth something to me if they convert the shares to something I can own. So far, there is no indication that they've executed any kind of plan in a reasonable time frame for either relisting or going private. History suggests that companies in this situation don't follow through with their public investors. Odds are pretty good that even if they do include us, you'll have to have 100,000 shares just to get one share. Which means for a lot of us, we wouldn't even get that.
I've seen this before, I've backed a few other penny stocks who either completely disappeared, or went private and effectively weren't worth anything to smaller shareholders, or reverse split to end up with smaller shareholders getting nothing.
And your snark was about the baseball cards, I stand behind that. Just because you were helpful doesn't mean you couldn't also be snarky.
Even your 1/10th of a cent is snarky. Yes, of course, it's not technically NOTHING. But it may as well be. That's 1/40th of what I paid, and if you really think this company is worth what you imply with your baseball card snark (I assume you think that a 10¢ baseball card is like $5-$100), then why lock me into my loss?
That's how I know you're not serious. You might actually follow through, but I could offer 1¢ for a Tesla share, and the owner of that would say I wasn't serious.
Anyway, I think it's still fair to say that QTMM is both lacking in communication, and lacking in effective management, even if it's only a result of screwing up so much before (whether it's actual mismanagement, or failure to understand how to navigate SEC rules) that now it's taking forever for them to resolve these issues.
Finally, I originally came back to this board to see if I'd missed something about them being relisted or going private. Neither of those things have moved forward, so I'll go back to waiting. I'm not going to take you up on your offer, it's NOT serious, and your thinking it is actually confirms my thinking that these stocks are currently worthless.
That MAY change. Or, I may just write the stocks off. Or I may just keep them on a shelf next to my beanie babies.
See? Snark.
I've seen this before, I've backed a few other penny stocks who either completely disappeared, or went private and effectively weren't worth anything to smaller shareholders, or reverse split to end up with smaller shareholders getting nothing.
And your snark was about the baseball cards, I stand behind that. Just because you were helpful doesn't mean you couldn't also be snarky.
Even your 1/10th of a cent is snarky. Yes, of course, it's not technically NOTHING. But it may as well be. That's 1/40th of what I paid, and if you really think this company is worth what you imply with your baseball card snark (I assume you think that a 10¢ baseball card is like $5-$100), then why lock me into my loss?
That's how I know you're not serious. You might actually follow through, but I could offer 1¢ for a Tesla share, and the owner of that would say I wasn't serious.
Anyway, I think it's still fair to say that QTMM is both lacking in communication, and lacking in effective management, even if it's only a result of screwing up so much before (whether it's actual mismanagement, or failure to understand how to navigate SEC rules) that now it's taking forever for them to resolve these issues.
Finally, I originally came back to this board to see if I'd missed something about them being relisted or going private. Neither of those things have moved forward, so I'll go back to waiting. I'm not going to take you up on your offer, it's NOT serious, and your thinking it is actually confirms my thinking that these stocks are currently worthless.
That MAY change. Or, I may just write the stocks off. Or I may just keep them on a shelf next to my beanie babies.
See? Snark.
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