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QPCI MERGER AQUISITION in the works?? Is this still up for grabs
Announced 06/1/09
1.00M for Laser Operations LLC
Merger/Acquisition
An investor group led by DMC Capital Funding, LLC acquired substantially all assets of QPC Lasers, Inc. (OTCPK: QPCI) for $0.75 million on June 1, 2009. The sale took place as a result of QPC Lasers, Inc.’s failure to make a required payment due under the note to Finisar. The successful bid amount is less than the amount due under the note and hence, QPC Lasers, Inc. will not receive any proceeds from the asset sale. On completion, the new company will operate as Laser ... Operations LLC.
Read More
http://investing.businessweek.com/research/stocks/transactions/transactions.asp?ric=QPCI.PK
QPCI's price was unchanged after the transaction was announced on 06/1/09.
Investor / Buyer
DMC Capital Funding, LLC
Seller
QPC Lasers, Inc.
They can always change their mind but the money will come with the 10-Q imo
QPCI results tomorrow? DANG all I didnt even notice that earlier
DO we have life thats why the buying today i was wondering OMG
SEC 8K FILING 06/09/2009
"The Company anticipates that it will in the near future file for protection under Chapter 7 of the federal bankruptcy laws and that its common stock will have no value after liquidation of the Company is completed."
this company is done stick a fork in it thats why no volume or anything and being on the pink sheets u could eventually be trading on company that dont even exist thats the beauty of this exchange woot good luck to you
Well, I have some shares of this company, they should have gone out of business by now and filed chapter 7. No news?? wonder what is going on? no news, no post..... just a little bit of hope, wonder how it will turn out.
There is no board for QPCIE...si I'm crying alone for this stock who's falling like a meteorit...I hope a big bounce this afternoon...I cross my fingers!
Shameful, I was looking for a new play :(
Bummer! This was a good company with a terrific product line. Can't understand why they could not find funding.
They are on the Fringe of Ch11 more likely ch7, read the 8-k from yesterday, upside down on thier debts! Just a bounce!
Looks like some promoters are coming on board...
What's up with QPCI today??
Great Advice, been around these shark infested pools for many years and understand, looked like a good 20-30% trade, and thats where I am at in at 6 and out at 8
I hope you don't fall. LOL. Scan brought it up and I checked the news. They are saying BK any day now. Even if the sell the sub they say nothing to shareholders. BK companies can be good to trade if they are reorganizing for a while, but not liquidating! Northwest Airlines was a ATM daily form months. I did not like what I read here. Default on a death spiral, no buyers for sub, likely chaper 7, and worse of all that ANYDAY thing. Good luck. Flip it and be careful. Not one to hold overnight for sure. 92% in a day is great when you get to keep it.
Just riding the train!! Must not be that nice to make that big of a fall!
I hope you read the last two filings from 11/3!!
NITE looks short!
Got a starter here today, nice bounce in progress!
why the big drop?
http://www.qpclasers.com/index.html
as of the latest practicable date: 38,676,783 shares of common stock are outstanding as of March 10, 2008
QPC Lasers, Inc. (QPC) is a world leader in the design and manufacture of high power semiconductor lasers serving the Consumer, Defense, Industrial, and Medical markets.
QPC has developed patented and proprietary high brightness chip-based laser technology that has potential to reduce the size, cost, and weight of lasers by as much as 10X while significantly improving their energy efficiency and portability.
QPC’s lasers are being used globally in development of next generation laser based HD-TV, cancer treatment, and laser weapons. QPC believes its technology will permit it to capture significant market share in these multi-billion dollar addressable markets in the coming years.
Jeffrey Ungar, Ph.D., President, CEO
Dr. Ungar founded QPC Lasers after a 17 year career at Ortel Corporation, a pioneer in the development of analog fiberoptic technology for CATV. He joined that company in 1983 as one of the first five employees, and stayed at Ortel until after its sale to Lucent Technologies in 2000 for $3 billion. At Ortel, he occupied senior positions including Director of Advanced R&D for Optoelectronic Components and Director of Material and Structure Technologies. He holds a Ph.D. in Nuclear Physics from Caltech.
as of the latest practicable date: 38,676,783 shares of common stock are outstanding as of March 10, 2008
QPC Lasers, Inc. (QPC) is a world leader in the design and manufacture of high power semiconductor lasers serving the Consumer, Defense, Industrial, and Medical markets.
QPC has developed patented and proprietary high brightness chip-based laser technology that has potential to reduce the size, cost, and weight of lasers by as much as 10X while significantly improving their energy efficiency and portability.
QPC’s lasers are being used globally in development of next generation laser based HD-TV, cancer treatment, and laser weapons. QPC believes its technology will permit it to capture significant market share in these multi-billion dollar addressable markets in the coming years.
,035x.04 & no selling hmmmm
Probably selling shares...
looks like they got some funding imo !
As of today, October 20, 2008, the Company resumed manufacturing, engineering and sales operations on a limited basis. The Company had previously reported, on October 14, 2008, a suspension of operations pending receipt of new funding
As of today, October 20, 2008, the Company resumed manufacturing, engineering and sales operations on a limited basis. The Company had previously reported, on October 14, 2008, a suspension of operations pending receipt of new funding.
The Company is currently engaged in discussions with customers and investors with regard to restructuring the Company’s finances and securing funding in order to continue operations. If the Company does not succeed in its efforts, the Company may file for protection under either Chapter 11 or Chapter 7 of the Federal Bankruptcy laws.
Estimated Market Cap
$940,042 as of Oct 21, 2008
Outstanding Shares
42,729,187 as of Aug 1, 2008
Number of Share Holders of Record
500 as of Mar 25, 2008
Management & Staff
http://www.qpclasers.com/management_staff.html
Transfer Agent
American Stock Transfer
Attn: Transfer Department
6201 15th Avenue
Brooklyn, NY 11219
info@amstock.com or 800-937-5549
QPCI--BUSINESS SUMMARY
QPC Lasers, Inc. engages in the design and manufacture of semiconductor lasers for various consumer electronics, defense, medical, and industrial applications. The company?s products include single emitters, and mounted and unmounted bars. It serves defense contractors, industrial laser system manufacturers, and medical laser manufacturers through direct sales force in the United States, as well as distributors in Germany, the United Kingdom, Israel, Italy, France, China, Japan, and Korea. The company was founded in 2000 and is based in Sylmar, California.
Wow...She's sinking pretty fast now. Could be in the .50's by the end of the day.
No, I'm not invested here. Just passing along info.
Hmmmmm...not much of a bang from the recent PR announcing a $3.5 million contract. Word probably leaked out that the PR was going to be announced and that's why we've had such a run-up in the share price and volume. Early investors probably thought they would get a jump on everyone and be able to sell their shares at a higher price after the announcement. Oh well, guess it shows that the best laid plans of mice and men don't always work out.
Volume now diminishing compared to previous days. Hope the share price doesn't follow the volume or this thing could drop back to the .40's.
Good luck.
Sure is a lot of volume the last few trading days. I estimate a couple of hundred thousand dollars per day.
Are you invested with QPCI?
Just one of a thousand or so tout services that put together a stock promo for awareness.
It said a lot. lol Without saying much. LOL
Been watching this company for the past 6 weeks as it was recommended by a Penny Stock Advisory called PennySleuth some time ago. Don't know what their recommendation is now (no longer a member) but the company could have a bright future IF their patents are well written.
Have no position with QPCI right now until I see the world economy turn around. (Of course, that won't happen until oil prices come down from their lofty levels for a sustained period of time.) Unfortunately the damage of high oil prices may have already caused the world economies to slide too far down the path of "stagflation" and thus would take several years to recover.
I wish the best for all those invested because the share price of this company could be much higher if the world economies were in better shape.
Good luck.
Who (or what) is Bob Flaherty's Special Situation Alert and what did it say?
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