Quadlogic Controls Corp (fka QDLC)

[Renee]

QDLC: Merged with Metergy Solutions (Private Company) as of 07/20/22. Shareholders will receive $1.82728943 for every one (1) share held of QDLC.

FINRA deleted symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

[deet49]

$2 Buyout courtesy of BIP Brookfield Infrastructure Partners L.P.
NYSE: BIP

Metergy Solutions Inc. is a portfolio company of Brookfield Infrastructure. Brookfield is one of the world’s largest investors, owners and operators of infrastructure assets across the utilities, transport, energy, data and sustainable resources sectors. This sponsorship provides Metergy with access to large-scale capital, infrastructure investment expertise and global reach.
QDLC PR https://www.otcmarkets.com/otcapi/company/dns/news/document/58370/content
https://www.metergysolutions.com/about-metergy

https://bip.brookfield.com/

https://www.dnb.com/business-directory/company-profiles.metergy_solutions_inc.d30b7085ba1f423dc2be8b8d022419d2.html

Expert Market full of buried treasure ...


Congrats

[deet49]

$2 https://www.otcmarkets.com/otcapi/company/dns/news/document/58370/content

QDLC

[AskMuncher]

$QDLC Quadlogic Issues Further Comments on New Rules Affecting Trading in the Over the Counter Market
Press Release | 08/27/2021
As previously announced, the Company is aware of new rules that may impact the quotation and trading of its shares in the over the counter market, and may result in the Companys stock no longer being quoted beginning on or about September 28, 2021. Complying with such rules would cause additional expense to the Company during a period when the Company continues to pursue strategic alternatives to bring value to shareholders and is actively engaged in negotiations with third parties regarding the sale of its entire business in separate transactions. There is no assurance that any of such transactions will be concluded.

[AskMuncher]

$QDLC Quadlogic Comments on New Rules Affecting Trading in the Over the Counter Market
Press Release | 07/30/2021
The Company is aware of new rules that may impact the quotation and trading of shares in the over the counter market. While there can be no assurance of the successful conclusion of any transaction, the Company continues actively to pursue strategic alternatives to bring value to shareholders.

[adijas]

Nice news out https://backend.otcmarkets.com/otcapi/company/dns/news/document/36952/content

[sayre43]

Dear Jim,

I agree but there is something troubling in what you said. The fact that there is doubt in your mind as to whether I committed some financial impropriety manifests a serious wrong. I have always acted in the most upright ways and the Quadlogic lawsuit is nothing more than spite to cause me financial and reputational harm through the misuse of the court system.

[Jim Sirius]

Good evening Sayre,

The least the company could do, is inform you since you were a founder.

No matter what may have transpired, you deserve to know what’s happening with the company you built with the other founders.

[sayre43]

Jim,

At this point I will be very happy if they sell the company at some price higher than the market. If I find out after it happens, so be it.

Thanks,
Sayre

[Jim Sirius]

Dear Sayre,

Your guess is as good as mine. Seems like this company has been operating like the CIA or better yet black operatives.

I do see that Anna is longer there.

Does this mean the company has outsourced HR?

At this point, I wouldn't be surprised if they sold the business and informed investors 4-6 weeks later.

I'm perplexed at this company's ability to keep investors informed.

[sayre43]

Does anybody care about this stock? What about timely meetings? What about timely reporting? Did the board cancel the $4000 per month fees for directors? How does the current year look? What's going on at Quadlogic?

[sayre43]

Does anybody care about this stock any more? Are you going to let the board get away with breaking all its promises? Where's the meeting? Where are the reports?

[Jim Sirius]

Quadlogic vs Ponce


Any thoughts on the upcoming settlement date?

Anyone optimistic that Quadlogic will be able to get some green?

[sayre43]

Thank you

[Jim Sirius]

Sayre,

I see what you are talking about on line #5 of post #84.

My apologies.

[sayre43]

You don't understand why I'm offended. It has nothing to do with you questioning my performance as CEO. That's fair and understandable.

Go back and read line #5 of your post #84.

[Jim Sirius]

Sayre,


I understand why you would feel offended but if you saw things from an "outside" shareholders perspective, you would be slow to judgement.

You were Quadlogic's CEO from 1982 to early 2017.

That is 35 years as the head of this company.

That to me and any other true outsiders, is a wealth of knowledge about the company and the industry that none of us have.

Therefore, as much as you label yourself an outsider, you ran this company for a majority of it's life.

You called this blog a useless tool, yet you could provide the most insight since you are the brains of the company.

Insight is all I am asking for.

It is rare to have a former CEO on any message board so I am just trying to understand as much about Quadlogic as I can.

There is no way everything has changed since your departure. That would be too costly to implement for a company that is the size of Quadlogic.

So pardon me, if my skepticism offends you.

[Jim Sirius]

Thank you Scools.

I will do as you suggested.

Thank you for your insight.

[sayre43]

In March 2017 I lost all my operational authority including the billing department. Mr Sirius, John B has reported to Marc Segan since March 2017. Please call Mr Segan or Mr Wirth to get the company's point of view on Mr. Cool's accusations. I think they pertain to very old information. In addition I have no way to answer your questions about product strategy or strategic plans of the company. I can read a balance sheet as an outside shareholder and raise questions which I have done. I know nothing about internal operations. I haven't set foot in the offices of Quadlogic since April 2017. I'm very unhappy with your insinuations about my relationships with Anna and John. I deny Mr Cool's accusations. I thought as outside shareholders we had common ground. This blog has become useless as an investment tool.

[Scools]

I would trust the Michael wirth word on the company more. And if you actually want solid answers contact him. He is a no nonsense type of guy and I respect him for that.

[Jim Sirius]

I think you should revisit this at the upcoming shareholders meeting.

I am currently in San Francisco, but if possible, I will try to attend it.

It is time to get clear and concise answers from this company as to why they are operating like the crooks from the Den of Thieves.

You type in QDLC in Google and you get no chart.

Lifeless.

No movement.


Just how the company likes to operate.


Currently the OTC market has 537,117,388 traded. QDLC has 0 shares moving.

Management can tell you all they want, that they are trying to increase shareholder value.

How? By remaining silent and keeping the stock illiquid?

Demand an explanation as to what the company and the board is doing to create shareholder value. Clearly it has not been working at all.


Food for thought.

[Jim Sirius]

my....my....my...

Scools what you present sounds like a purely dysfunctional company. This explains why they would want to continue running a "blackops" operation.

Why even change the former manager if they were profitable. Too many questions.

The more questions I ask, the more I realize this is shady business.

From what I gather, you raised some legitimate concerns and nothing was done about it.

Company with high turnover, means the need to higher new people and train them.

I'm curious, was this John b a tremendous asset to the company?

From what I gather, am I wrong to assume that his department had alot of turnover?

For a tiny company, how can Quadlogic afford such turnover?

[Scools]

If you feel this a personal attack then so be it. Answer the questions and clarify what I've said is untrue.. I'll admit mis spoke when i said you hired anna what i meant is that anna was your personal hr and not the companies...The department was the only profitable department largely due the previous manager and honestly we lost him and a ton of our top employees that's what I meant by bled talent. I had a formal meeting about this with Sayre to talk about the struggles of the department because I cared about the people that worked there and I felt we were a sinking ship and but that went ignored. Turnover has always been high people left after a week and people generally were scared of management because they thought it would put a target on their back. and you do the want a target on your back from John b because you would be pushed out by him.

[Jim Sirius]

Would you say you were both effective as a CEO and innovator?

I don't doubt what you have done for the sub-meter industry.

It is apparent in many buildings across the country but it is definitely alarming to see a former employee of yours, speak about what went on at Quadlogic, during your tenure.

The former employee says that you and John B have had a friendship that may have influenced his position in the company?


On another note, since it seems like you were the key technologist and brains behind the meter, how does your departure help Quadlogic?

How long has the current line of meters been in production?

How can the company survive when its key element meters are no longer in production?


Is Quadlogic leaving the sub-metering business altogether?

[Jim Sirius]

Wow.......I must say I am speechless.

Seems like you were really in the company and have had dealings with Sayre and this John B guy.

From what I gather, this John B guy didn't have much experience in the industry since you were explaining things to him.

When you say bled talent, did you feel like your talents weren't properly used? Also, when you say "toxic", how was the turnover rate in your department while you were there?

The head of billing didn't know what HVAC was? Is this some sort of joke? I hope he wasn't on calls with any clients.

Now I am curious about this link you say Sayre and this John B guy has.


From the financials, the billing revenue looks ok. So maybe he is doing a decent job?

I don't know......

you seem to have alot of insight...


.........highly disturbing stuff.


I appreciate your honesty about the company.

[sayre43]

My character is being attacked and I can only say it is untrue.

[Scools]

A few things I worked in a billing department that bled talent due to John b who i spent time explaining how things worked rather than solving issues. It's hard to explain to someone how to bill an HVAC if they don't know what it is. Secondly the environment was indeed toxic. I have no stake in this and no reason to lie. But the the half truths that are allowed in this era is simply disgusting. But Sayre you have yet to address your personal relationship with John b and also your current place of employment. If you want any clarification on my end feel free to respond

[Jim Sirius]

So Anna moved up through the ranks based on her work ethic, performance, and ability to work with others?

Can the same be said for the John B guy? What is this link that Scools says you have with him? He says that you were friends?

Is Scools a disgruntled former employee or is this someone that was wrongfully fired by both John B and Anna?

[Jim Sirius]

So Anna moved up through the ranks based on her work ethic, performance, and ability to work with others?

Can the same be said for the John B guy? What is this link that Scools says you have with him? He says that you were friends?

Is Scools a disgruntled former employee or is this someone that was wrongfully fired by both John B and Anna?

[sayre43]

I did not hire Anna, and never knew her before Michael hired her. I promoted her. John B did have experience and apparently Marc thinks very highly of him.

I think scools is someone that John B and Anna let go from billing a few years ago.

[Jim Sirius]

Wow........this is quite disturbing.

Scools, you were a former employee of Quadlogic?

You must have a lot of insight on this company.

Which department did you work in?

I'm quite shocked to see your comment about Sayre and this Anna lady (I'm assuming she is HR?)

I'm assuming you haven't had good dealings either of them?

You seem to be able to provide material information on this rather opaque company.

Was the work environment toxic?

What makes you say that Sayre was a walking conflict of interest?

Is John B, this John Belluardo guy on the website? What is his role with Sayre?

I see that he is Billing and Client Services, according to the website.

https://www.quadlogic.com/about-quadlogic

Thanks for your insight.

[Jim Sirius]

I am contemplating on attending this shareholders meeting. It is time to get clear answers from the company on their direction and future.

A sale may be the best thing.

[Jim Sirius]

I am sorry to hear about Anna Martinez. If I find anything, I will be sure to let you know.

[Scools]

Hmm as a prior employee of qlc I would say Sayre is the type of person who would put his personal relationships above the company like hiring his friends John b. With no prior experience and Anna. And qlc is suing Sayre because he went to work for the company in Mexico. That guy is a walking conflict of interest.

[sayre43]

They promised to sell the company. The billing business as a separate entity should be worth around $1 per share. One problem is the lease on the space. It will need to be broken, paid out and that would come off the top of any sale of the billing business and closure of the rest of the money losing metering operations.

I don't know if any of you is planning to go to the shareholder meeting whenever it is.

Sayre

[sayre43]

The G&A is up also because Marc Segan has spent millions on legal bills.

[sayre43]

Anna Martinez is a wonderful woman and a great HR professional. She reported directly to me. She's wonderful. If you know of opportunities please tell me.

[Jim Sirius]

The company's General and Administrative expense is up 25%. They need to trim that down.

Looks like some salaries will need to be analyzed under a microscope.

Outsourcing looks like an option.

[Jim Sirius]

Thanks for the clarification Sayre.

That certainly does add color to the uneventful report that was produced.

Also,

I just took a look on linkedin and found that a lady in Human Resource has this as her title:

"Human Resource Management Professional ~Open to new opportunities~
Greater New York City Area
Current: Human Resource Payroll Manager at Quadlogic Controls Corp."


She is out of my network, so I can not get more information. It does look like she may have played a vital role in the company, unless they have a sizable HR team.


In short, this company needs to be more transparent.

I wish the best for current investors. I hope one day there is enough volume so you can sell your shares.

[sayre43]

https://www.otcmarkets.com/stock/QDLC/profile

[sayre43]

They posted a $7,000 profit compared to $287,000. But they transferred $1,000,000 of royalties from FY 2017 to FY 2018. These were the 5 months of revenues from shipments made by Mexico in FY 2017 (CY 2016) and paid in March through July of 2017, which is FY 2018 at $200,000 per month. Changing the accounting to a cash basis based upon the fact that Mexico stopped paying unexpectedly after July 2017 moves $1 million into the FY 2018. The $1 million belongs in 2017 and if it's in 2018 it should not be considered anything but a one time item. The profit from continuing operations should be considered a $1 million loss in FY 2018

[tsoprano-1]

OTCMARKETS.COM

T

[Jim Sirius]

This is OTC market, little 2 - 3 people operations get more attention. My thing is this, good numbers on a few eyes never reach the entire market.

I heard back from Michael, apparently a press release was given out yesterday. Do you have it?

This company really needs alot more than numbers. At this point in time, there is alot of wishing upon a star for a miracle.

I do not doubt that the company can produce profit but I doubt this company's ability to be a good stock for shareholders.

It has yet to be proven.

Even the spikes in the past....have had little to no volume for an OTC stock.

That's saying something, since this is little to no regulation field.

This isn't Nasdaq, NYSE, or AMEX lol

[tsoprano-1]

Thus the reason they are getting numbers up to date. Without current numbers, what can they promote? I guess if one thinks that recent business has been good, now would be the time to accumulate. Once numbers are out, everyone will be on a level playing ground. Also, should the money from Mexico ever make its way up here, it is a $1+ stock.

T

[Jim Sirius]

What good are earnings if no one seems them?

According to Yahoo Finance

The average volume of QDLC is 5,142

Today's volume is currently 3,190

At a current price of .24, a measly $765.60 - $1,234.08 are being exchanged.

Quite simply, this is not a stock someone can load up on, in hopes of future gains.

That's why I had suggested a promoter. The overall otc market/pinksheets doesn't even know this exist.


This is borderline criminal.

[Jim Sirius]

Unfortunately, the company has been going in a downward spiral for the past 4 years.

Shareholders are always in the dark.

Time to sell.

[tsoprano-1]

Until they get numbers up to date, no reason to promote. Once the numbers are current then they can try promoting. It would seem to be an easy sell to brokers and investors, but, again, they have to be up to date.

T

[tsoprano-1]

You could try contacting Michael Wirth at [e-mail]

Since there has been no news on any lawsuit being settled, it should be a fairly normal quarterly report. Since they have been dark for so long, not sure what that "normal" might be. The company has all kinds of potential, but wether management cares anymore about expanding and growing remains to be seen. They may just like collecting their paychecks and keeping things simple. In that case, investors will have to take it away from them and can their arses.

T

[Jim Sirius]

Has Quadlogic considered paying a promoter or an analyst? This stock really has been illiquid for a very long time. It could use some hype....

Current shareholders have not seen any upside at all.

If you own a sizable position here, how do you even sell?

There is literally not enough volume to buy a can of Campbell soup.

[Jim Sirius]

Is the company usually late in filing financials? I would like to know the current financial condition of Quadlogic Controls Corporation.

It seems awfully quiet as of late....