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That's odd....
We are in August and still no financials.
I wonder what is going on internally.
On top of that, the highly illiquid stock is down 30%.
From email from Michael Wirth:
"Earnings for FYE 2/28/18 - Expect to release sometime in July"
So..........
T
Has anyone heard anything about timing of the year end results or a shareholder meeting?
They are suing me and also suing the Mexican company. Two different lawsuits. They accused me of inducing the Mexicans to break their contract with Quadlogic.
Their claim against me is demonstrably untrue and it's a big waste of money. Marc Segan is highly litigious.
I don't know the story behind Mexican business. I was under the impression the Mexicans were holding back money for some reason. Did not know it was you they were suing. Seems like a mess. Hopefully it gets straightened out to everyone's benefit.
T
I have publicly responded to Quadlogic in their suit against me. They have no grounds to sue me and have implied that I caused the loss of the Mexican business. I am utterly innocent of what they claim against me and I intend to protect my name by any means necessary. Quadlogic is spending their R&D money trying to buy Chinese technology to replace the fact that they drove away their main technical asset (me). I have 1.6 million shares but they are going down in value. Fast.
new recommendation on QDLC from noted financial publication since 1984.
http://saadvisory.com/update/archive/July-9-2018.htm
Good writeup/update in the latest SA Advisory newsletter. Still looking at end of July for next earnings report.
T
That is a lot of stock tied up. Not much on float. If they would get their act together, seems like a lot of potential for stock price appreciation. I wanted to take advantage of recent seller, but just don't trust that they have regular shareholders best interest at heart. I will wait to see what numbers look like and if cheap shares are still available. I appreciate you having this dialog here. Stay in touch.
T
There is no reason you shouldn't know the ownership of the board. I don't have exact numbers but from my memory, here it is:
Doron Shafrir 1,000,000
Israel Averbach about 800K in his name and about 500K in street name
Peter Fagan about 850K in his name
Walter Fiederowicz about 300K plus some in street name
Yona Yehudai about 300K in her name
Not on the board, Marc Segan has about 400K in his name and street name
There are (or were when I left in August 2017) around 11.5 million shares outstanding. I have approximately 1.6 million shares.
I know less than you do because I have no communication at all with the company - not even with Michael. The board owns a lot of stock and they say they are going to sell the company. However, they put Marc Segan as CEO (Managing Director) and that is why I left the company. He is highly litigious. I don't agree with that approach but I'm an outsider now. I have 1.6 million shares and I don't count on them at this point. I've moved on.
S43, I still own stock. I email Michael now and then regarding earnings, etc. I have to admit that this has really been a schittshow. Any idea who seller is recently? Have you heard anything regarding the lawsuit? I am not sure what you are referring to about what they are saying about you. I guess I thought you all had money on the line and would actually do what is best for stock price. I realize most public companies are run for benefit of management and board, not shareholders. And, maybe that is true here. From what I can see, they keep getting paychecks and maybe free stock, while shareholders get the shaft. But, lawsuits and karma can sometimes make up for that. I have been on the side of shareholders getting rid of self serving managers and BoDs. So, if necessary, it can be done again. In the meantime, I will wait on earnings report at end of July and go from there. If I don't immediately respond, it could be because I am limited to one post per day on some boards for some reason.
T
no, took my lumps many months ago for whatever I could get. The fact that they sued their Mexican partner meant they were never going to collect the big bucks they initially forecast. Could still happen but I have moved on.
Are you still a shareholder of Quadlogic?
I strongly disagree with the statements made about me in the company's letters. I have since left the company and I do not believe the company is better off without me. I am an outside shareholder at this point - a very large outside shareholder.
It seems that the price of the stock has not improved since my departure from the company in August of 2017. It has fallen from around $1 to around $0.25 as of today.
I found out about QDLC from SAAdvisory. I've got a small position but low trading volume means I can't even get out of it without some pain. Like you said, it could bounce hard if they win but who knows how long it will take in court and how can they collect? Not a great situation.
Bobwins, yeah, a big thing going forward will be outcome of lawsuit to collect royalty. Kind of like buying a cumulative preferred that isn't paying currently. You hope it will start paying back divvies but no guarantee. Here, if they collect back royalties, it might be a $5 stock. Worth a gamble. Especially, if management starts to get aggressive on new business and becomes more transparent. Some of my "dark stocks" are waking up. EKCS came out with updated financials and was at .13-.15 for a bit today. I originally bought in low .03's. Where did you hear about QDLC? NoNameStocks or SAAdvisory?
Another one to look into is BWMG. very interesting things going on in past couple months. Deal with L&W Compressors out of Germany and Crowdfunding a new product for the diving industry, Blu3. If the name geodan rings a bell, he is poster that got me involved. He is now on BoD. Very accomplished investor. Time to get ready for Happy Hour. Take care
T
thanks for the efforts to reach Qdlc. Of course there is good news and bad news. They did put out financials and they are still profitable. BUT the reason I invested in Quadlogic was the Mexican royalty deal worth millions and they can't collect on it so the price of the stock is kinda high for the current profitability.
Squeaky wheel gets the oil, I guess. Michael responded to my letter to inform me that a number of items were posted at OTC Markets website. Currently profitable with a large lawsuit regarding owed royalties. From the parts I read, encouraging. Hoping this is the start of a more transparent company.
T
I sent a letter to company explaining my disappointment and that I was going to shop the company around to some old buddies in the industry. No response. These turds really need to get sacked and replaced by some people more shareholder friendly. That ruse last summer was all for show. Between SA Advisory and No Name Stocks, they were getting too much attention. Can't steal a company and pay yourself if others are watching. Well, maybe a hedge fund manager will see the potential here.
T
I just think it is bogus to not announce anything. Did they win any bids? Have they got any q's audited or at least ready to put out? I don't need three q's to come out at once. Just give me one a month till they are up to date. How hard can that be? And, I find it hard to believe there is no news whatsoever to release. They had no problem getting proxy material out on short notice when their jobs/income was on the line. We played by the rules and now it appears that it is business as usual. I stopped accumulating because they seem to have gone dark now that they got what they wanted.
T
regardless that number are not out yet. Shame on them- the reality is that for 9 months ending Nov 31 2016 when the earning 200 for the 9 months- the fourth Q was going to be the big pay day on the first Mexico contract.
The second contract for royalty of almost $7 million for fiscal 18 starting in Feb 2017 only has 1 q to go so royalty have to be strong, very strong.
We see exceptional earnings for balance of fiscal 17 and fiscal 18 ending Feb. Remember they also have been bidding on other mexico projects.
Hoping yesterday's buys were related to someone knowing that a PR is imminent. I am tiring of the wait. They have a responsibility to shareholders, dark stock or not. We are still owners. We went along with their games in July, August, so now time to back up what they said. Get us numbers and get us updated.
T
not sure the cow is being milked. If you review the mexico contract for the balance of 17- rem for 9 months they earned money and the fourth was a big payday. fiscal 18 started in Feb with larger contract that the 17 and the reward was huge. with a little less than 4 months to complete this large contract. there has to be profits and i actually believe they will be large. They had pending contracts going into fiscal 19 so there could be additional work + the recently mentioned all the potential work in NYC.
Could be a huge winner- just don't know when the news and numbers will be released. They will be coming and if you are not in the gap will be strong in my opinion
Saw some buyers today and it does not take much to grease the wheels
Well, November has arrived. Now to see if they were BS'ing us or not. I have the feeling that the August hoopla was to squelch something from a third party and that the result was basically business as usual. Probably spread some cash around at our expense. But, willing to see what happens in November. However, any delays into December and then it may be time to look into filing some complaints with various entities. Too good a company potentially to let them just keep milking it. This is becoming a recurring theme with managers treating companies as ATMs and it needs to be brought to the SEC's attention. Granted, it is because they are such incompetent impotent bureaucrats that this is proliferating. But, someone has to do something. Take it private if you want to milk it.
T
Yeah, I was hoping their cat fight would benefit shareholders. Not that I can see, now. Maybe next one get rid of whole bunch.
T
talked with company no year end numbers until November and also get 1st and 2nd fiscal 18 numbers. believe it or not. I agree totally unbelievable to say the least. Assume the stock will trend lower for the time being. it could trade back into the .50 range as tax selling season takes hold.
Apparently we are back to business as usual. Had their little girl's fight and now we can expect silence from here on out. Last email went unanswered. No August quarterly report as I was told would happen. Next year I vote against the whole Crooked group.
T
Well, anyone got info on meeting today? I hope they are bright, and courteous enough to PR some news for shareholders.
T
Good find, snakess. That is a well respected newsletter. Big readership.
T
see page 15 recommendation on qdlc
http://www.thebullandbear.com/Reports/BB/BB_pdf/BB-0817.pdf
Couple of nice bids out there. No size on ask. Someone getting in before news? Starting to get fun.
T
Pretty tough to get any size right now.
T
shareholders meeting is now delayed until August 8th. Management team and raiders are meeting soon to see if they can play nice with each other.
Personally i doubt that anything will result from pow wow.
Thanks for reply, snakess. I have a decent profit but am hoping owners come to their senses. Going legal route only burns shareholder cash, so.....
T
concerning sima i got out because i needed the cash and put it to work somewhere else. Your return of course has been excellent, but i am afraid management does not give a damn and one of these days management will die or retire and then there might be a change , but daughter of management may take over the company. The company has a huge cash horde but to date has little interest in sharing the pie. So typical the rich hypocrites ride their high horse and screw everyone else because they don't matter.
QDLC is like that but things are changing and i believe the either new management comes on board or some kind of hybrid mixture. SIMA is very cheap it may be a long waiting game. They have NO interest in buying shares back from shareholders as well. I talked with their lawyer and that was a waste of time. Don't know your position size but selling 1000 shares could by you at least 10k warrants and you get an 800 div during the next 12 months and potential huge capital gains. finally have not seen any more buying in sima for a long time so tell me that a top has been reached for dead money for even the fundamentalist
Snakess, off topic but was wondering if you still follow SIMA. I got a quote today from Ameritrade saying it was $5-$5.50. What are your thoughts there and any idea how to get management to be a little more forthcoming with shareholders? Tia
T
Very bullish for both companies. Thanks for posting, snakess.
T
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Wall Street's Best Investments Logo
June 28, 2017
Dear william,
A new dividend payment makes our Top Pick very attractive, and our contributor has added a new Mid-Year Top Pick.
Top Picks Update
Optex Systems (OPXS .095) & (OPXXW 0.31)
From S.A. Advisory
Optex Systems (OPXS) & (OPXXW) The common shares were our stock pick of the year featured in the Wall Street’s Best Investments newsletter in January 2017.
Recently, the company declared a cash dividend of .08 during the next 4 (.02/q) quarters for both the common & common stock purchase warrants. We firmly continue our recommendation as we look for even greater appreciation short & long term.
Not only looking for capital appreciation, but now we have a very juicy dividend that serious investors should not overlook while we wait for corporate growth. The company is certified ISO 9001 2008. OPXS manufactures optical sighting systems for DOD. It provides these systems for Abram tanks, Bradley's, LAV & SAV & the Stryker family of vehicles. OPXS also manufactures periscopes, rifle & surveillance sights & night vision optics.
We rate both investment vehicles with a Strong Buy, but strongly favor the warrants because of the super juicy 26% yield. The warrants are non-callable, expire 2021, exercise price is $1.50 (only .50 out-of-the-money). The available leverage owning the warrants offer the "cherry-on-top" scenario.
Management and the corporation have recently purchased large blocks of stock. The corporation has also retired a large block (700K shares).
Business has been booming for both the DOD & the consumer side products. Current backlog is around $18 million and sales for current year should easily reach $20 million. At present, there are 10 million fully diluted & outstanding shares.
If you desire exceptional yield, amazing leverage, short and long-term capital appreciation, then OPXXW is the only "pick-of-the-litter"!
William Velmer, S.A. Advisory, www.saadvisory.com, 949-922-9986, June 24, 2017
New Mid-Year Stock Pick
Quadlogic Control Corp (QDLC 0.855)
From S.A. Advisory
Quadlogic Control Corp (QDLC) is the only automatic meter reading (AMR) provider in the US that develops, manufactures & sells digital electric interval, "smart" meter & metering systems. Recently QDLC has begun reporting (visit www.quadlogic.com/investor-relations/ for all current income/balance sheet statements).
The company has been awarded two very attractive royalty agreements during fiscal 17 and fiscal 18 (ending February). Due to these contractual agreements, we anticipate earnings for last year results to be released soon. We estimate earnings of around $0.12/sh and $0.30 for the current year.
Management has change their tune and now plan on filing consistently on a quarterly basis. This is happening because 1) profits are going to increase dramatically; and 2) a group of investors has filed a proxy in order to create a new and independent board of directors that either want to sell the company or become more transparent, due to the depressed share price. Based upon the current share price of $0.70 & earnings est. of $0.12 for last year and this year’s estimate, of $0.30, the PE is 5.8X and 2.3X, respectively. (11.3 mil shares outstanding).
The proxy fight is extremely bullish for shareholders, in our opinion. The company is currently bidding on a series of huge contracts in Mexico for fiscal 2019.
We believe that situation has the potential to advance dramatically during the next 12 months. We have a $2.50 target—a huge potential based upon the current depressed share price and fundamental variables.
Finally, the proxy statement released to current shareholders is rattling the nerves of the current management team and board of directors. Changes are in the wind and risk tolerant investors should consider this opportunity.
We are extremely bullish towards QDLC and have placed a strong buy recommendation for short- and long-term capital gains.
William Velmer, S.A. Advisory, www.saadvisory.com, 949-922-9986, June 25, 2017
WSBI Editor’s Note: While Mr. Velmer’s picks are speculative in nature, he holds a very compelling track record. His January 2016 Top Pick—Hemacare (HEMA)—was recommended at $0.44, and is now trading at $2.65. He continues to rate the stock a strong buy, and by year end, anticipates a share price of $5.00.
Wishing you success in investing and beyond,
nancy signature
Just read letters from both parties and what a dumpster fire. The company makes Schwartauber out to be nothing short of a crook and that they will sell at any price. Makes it look like he is holding back valuable info. Someone needs to slap him silly and get him on the right page. This is a $10 stock if they don't mess it up. Still can't find ownership for BOD and insiders. I have witnessed too many BOD members that are in it for the money, not the company/shareholders. Hope these guys get their act together.
T
Excellent info, snakess. Thank you.
T
for the time being the conflict between both party has been put on hold and a meeting is planned on or about july 11, 2017 in order to see if a plan of operation that both parties can join together and work together to either grow the company or sell the company.
In my opinion the Mexican royalty agreement during the past year and the current year ending fiscal 2018 is very favorable for the company and filtering down to the shareholders. During fiscal 19 additional contracts are being sought after.
qdlc is becoming more and more interesting and i believe that it will be in
play.
Anticipate press from the company soon either about the conversation as well year ending earnings ending Feb 17 and fiscal 1st Q of fiscal 18
Yeah, I got one in mail but found it online and voted there. Just make sure it is the one from dissident group.
T
I got mine from both Fidelity and PennTrade a few days ago. You have until July 9 or so to vote online so you have time. Maybe call your brokerage if you haven't seen it
I am a new shareholder in the last couple of months. I just got the Notice of Annual meeting of Shareholders from the company. How long should I wait for proxy from dissidents?
just received letter from current management; Of course it is he said she said. a
There are 2 issues current management has been horrible to shareholders-they of course spin around how they save the company and the president got them this amazing Mexico program ( this royalty contract for 17 and 18 are huge) and say if Shafrir is removed that we will lose potential additional contracts with Mexico. On the other where has management be for the past 10 years. NOT even a postcard or candy bar at Xmas.
The old management says the dissident shareholders are horrible people and will fire sale the company, the problem is current management has done a horrible job informing shareholders for the past 10 years and this alone could cause the removal.
In my opinion, the only thing that can save management is releasing the year end result prior to the proxy date and if the number are good end of story if they wasted asway this 1.9 million royalty payment furing the 4th Q then old management is going on a long vaca
as mentioned with 2-3 weeks time another pub will be featuring qdlc as their stock pick for 2017 mid year.
If we get enough vote in order to change the board i would anticipate new buyers that know the new board will pile in. i don't h$19-$ow much stock the old board member have , but i would assume not much because if they did they would want to see their stock appreciate. The company is pursuing contracts in Mexico for fiscal 19 which begins in 6 months. The company is currently working on the royalty agreement for $6.8 million . this is almost .50/sh where by the company does nothing and just cashes the check.
Should ramp rev for fiscal 18 to around $18-$20 million with huge profits.
Regardless, who takes control the year numbers for year ending Feb 2017 will be out soon and then we will get some quarterly results.
Lots going on here and little volume especially on the sell side. This issue is very tight. The best way to play is to be onboard because if you wait for news you will pay dearly on the upside.
Make sure the proxy is from the activist group. Apparently, we are to ignore the proxy from the company. Use the proxy from CEO/activist group to vote in their board selections. One was a founder of Quad and another spent time on BOD previously. Two websites to get further info are NoNameStocks and SA Advisory. Both sites have writeups and are on our side.
T
All investors that receive a proxy in the mail should vote in favor of this new board members. This groups either want to sell part or the whole company for much more than current market cap or continue the business with greater transparent attitude. press releases and on time filings - The company is doing much better with there huge royalty agreements in place.
This new board has great talent.
very bullish towards the future.
Another write up is coming with in 3 years time. more positive exposure and a stock pick mid year from another noted pub
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