Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
We sure did Freddy. Thanx for sharing! Y wood Al Shola accept stock ? What else they gonna to acxept ? A bobble head of JP? I fosho take 1 f they free er no one’s looking 👀 BWAHAHAHAHA 😹
Yes Freddy Lets add on pull back , Monday?
Did everyone notice the payment terms in the $QIND 8k filed yesterday for the stock purchase agreement of Al Shola Al Modea Gas Distribution? The payment terms were "$9 million in National Exchange listed stock or cash to be paid to Seller. Payment in eight quarterly tranches over a period of 24 months, beginning from the first quarter following uplist to a National Exchange."
Why would Al Shola accept stock as a possible payment and why would they allow that the payments be tied to the uplist event? Because they are confident that $QIND or $ILUS will be a NASDAQ listed stock in the very near future. Al Shola will do their due diligence into the matter certainly.
Ignore the noise. Use your brain.
Actually, here are the correct revenue projections
Here are the numbers for it in the 8k. pic.twitter.com/V5tGMLWdJF
— FredZ (@AgInAustin1) April 2, 2024
New acquisition. Looks like it is a $40M/yearly revenue business.
$QIND - Definitive Stock Purchase Agreement signed with Al Shola Gas. Business description for ASG to be included in upcoming Form 10-K. You can review the business here:https://t.co/74o4sKwmG8 https://t.co/wRrkdV6p2y$ILUS pic.twitter.com/ofS1cZwdkh
— Quality Industrial Corp. (@QualityIndCorp) April 2, 2024
Let’s see! Naw we Ggo file late! April Fools!, HAHAHAHA!
Plenty of time Qers
I reminded of something my Grandma always say , Nothings better then hanging with Grams
$QIND nice reversal in progress .125 +49.16%
$QIND #undervalued here! Resistance now @ .1025 moves up quickly. #thinlytraded #lowfloat
I expect to hear something positive before the end of the month as the Q is ending in about 12 days! $ILUS
— Brett Rosen (@BrettRosen325) March 19, 2024
$QIND .115 HOD 117 On alert for more news and updates.
Smells like SAML taste like QIND. Let’s see what happens.
AginAustin
Thanks
From a tweet from Buffalo Fireside Chats where JP has been a guest numerous times.
https://t.co/tNEg40OWna
— Buffalo Fireside Chats (@buffalofireside) March 6, 2024
💥 💥 💥 $ILUS $SAML $QIND
Subscribe. 👇 Turn on the alerts. ⚠️ Stand-by for a BFC #podcast with JP Backwell of @ILUS_INTL @QualityIndCorp @ERT_ILUS 🔥 🔥 🔥 #nonstop
3/7 - @BrettRosen325
3/8 - @JpBackwell - ILUS
3/10 - @AP4Less Chris D. $FLES
AginAustin
Thanks. I did not hear anything about an upcoming JP video. Was that from a tweet or rumors circulating? JP's silence until now has spoken volumes.
I wasn't sure what the tweet meant. At first I thought that he was signaling something was happening soon, but then I thought along the same lines as you. But we do know that JP is doing a video on Friday and I saw somewhere that JP said he wouldn't do another video until the merger deal was agreed to. So, I am hopeful that we see good news by Friday.
AginAustin
Was Nick's tweet today preparing us for a delay?
@NicolasLink
·
8m
"Rome wasnt built in a day" https://finance.yahoo.com/news/cgra-remains-significantly-undervalued-despite-151400670.html $CGRA $ILUS $SAML $QIND
Only about $600 traded today. That's crazy low for a stock on the precipice of a likely merger later this month. I hope to hear some news prior to then. But with Carsten's limited selling all done, it seems to help.
Bottom seems to be in here. $QIND
$QIND .1192 +13.52% Bids building. Looks strong.
I wouldn't read anything into the price movement other than the uncertainty that traders may feel. In other words, I don't think it is telling. No one knows anything beyond what they have communicated which is that they are going forward with a NASDAQ merger in some fashion.
AginAustin
So the question is (especially based on the slipping of share prices for QIND and SAML despite getting closer to the finish line)-----Is everything now on hold
based on the potential, hopeful, intended merger of ILUS with a Naz company? There may be no sense now to transfer the assets of ERT into SAML, if the Naz company wants those ILUS assets. Would be pretty clumsy to move them to SAML, and then have to have the Naz company merge with SAMNL as well.
Same might be true with QIND, where the Naz company merely gets assigned the contract to complete the purchase directly.
Just saying.
Yes, it looks like they have abandoned the uplist/offering in favor of the merger. The opportunity presented itself and I trust them to make the best decision for the companies and the shareholders, of which they also are.
Wonder how much money was wasted on the S-1, which IMO might have been doomed from the start as they could not show the ability to close on the QI purchase?
AGINAustin
In a filing yesterday: On February 8, 2024, the board of directors (the “Board”) of the Quality Industrial Corp. (the “Company”), approved a reversal and change in fiscal year end of the Company from June 30 to December 31. The Board’s original decision to change the fiscal year end was related to the Company’s intent to uplist to the NYSE American. The subsequent reversal is to align the fiscal year and audit process with its parent company Ilustrato Pictures International Inc. “ILUS”. The reversal of the fiscal year is also intended to be in alignment for auditing purposes with that of a special purpose vehicle which ILUS and its Subsidiaries, which also includes the Company, are in the process of completing an intended transaction with.
If I read it correctly, seems like the S-1 is R.I.P., and they will just merge it, and possibly SAML (????) into the Special Purpose Vehicle
I believe that we will get an announcement about the NASDAQ merger soon, likely within the next week. This will either get QIND to the NASDAQ or ILUS and it will solve the financing issues that they have and they can pay off QI and acquire some more companies and really begin a large growth phase.
Shareholders w/o Rs , No worries adding here! Coinage got a nice jingle.
🪙
🌖
🌖
🌖
💰
Hard to believe your little comment caused a 20% jump!!
$QIND this will move very strong soon.
Doing some early DD but can't understand why market cap is only $17.8M Any guidance TIA
In today's ILUS shareholder letter it mentions QIND. Possibly no reverse split plus 2 new acquisitions. I think this is the path that they will go down.
"The S-1 process for QIND continues and the subsidiary is in the progress of responding to the SEC. The S-1 was filed in order to raise capital for QIND, and should the abovementioned NASDAQ deal be completed, it would supersede the S-1 by providing considerable direct and indirect funding for QIND to deliver its plans. It will also avoid the potential need for QIND to conduct a reverse split which as longstanding Shareholders will know, we as management have always tried to avoid. In further developments and in addition to its normal course of business, QIND is also in discussions with potential acquisition options in the UK and Texas. "
Nice action today. Up about 37%. More trades at the ask than the bid. But it is dead quiet on this board.
$QIND is continuing to trade off its lows as we wait for news for an update that they said we would get by Friday.
I guess we did hear a little bit from "the company" on the 18's JP said that he will be in the US for a couple of weeks progressing $QIND, $SAML and &ILUS. I expect we may hear something this week on QIND. If you haven't already hit the "Trades" link here and you will see that there was much more volume on the ask than there was on the bid on Friday. That's a good sign.
In the US for a couple of weeks progressing $QIND, $SAML & $ILUS. 9 cities in 12 days but reminded today that we have some of the hardest working & humble people working in our companies & heard recent accounts of @GFRS1 equipment playing a critical role in saving lives. #honor https://t.co/WteW4IBChA
— JP Backwell (@JpBackwell) January 19, 2024
I think we will hear something soon from the company. QIND uplist is important and when successful should propel the SP upwards. The MC is only 11M. The 2023 calendar year revenue should be near 100M. That's way undervalued.
$QIND 's original S-1 filing contained an offering for an amount of gross proceeds of up to $7 million which has since been reduced to $3.5 million, therefore reducing dilution. Further the company will amend the S-1 to include its engaged Investment Bank once the structure and timeframe of the revised payment arrangements with Quality International are finalized.
QIND is currently working with its investment bank to raise interim bridge financing for the company which would carry itself through to its intended uplist.
@AgInAustin Good discordians finally starting to own it , we both hope it goes up. Risk reward is good. Risk is allowing yourself to gain experience & Danger unscrambled spells Garden.
I don't like a falling price any more than any other shareholder. But, I do like the risk/reward here.
Agin Austin keeps talking meanwhile the price keeps falling, still feeling good ?
I'm feeling very good about the midterm prospects of QIND. We know that they have $233M in PO's. Either they will soon uplist to the NYSE or potentially merge with the NASDAQ company that was mentioned in the ILUS PR. Either way, the value will begin to be realized soon.
NEWS
NEW YORK, NY, Dec. 29, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- ILUS International Inc. (OTC: ILUS) is a Mergers and Acquisitions company focused on acquiring and growing companies in the public safety, industrial, defense and renewable sectors. The company has signed contracts to acquire the controlling interest of an OTC listed SEC Reporting company. An update is provided on several matters of importance for Shareholders including the acquisition, an associated dividend for ILUS Shareholders, merger agreement negotiations, subsidiaries, and financing.
The acquired OTC company will be majority owned and controlled by ILUS. Details of the acquisition will be announced at the start of the new year, as transfer agent procedures and new management appointments are currently being completed. The acquired entity, hereafter referred to as Emergency Response Technologies (ERT), will be developed as a Special Purpose Vehicle for the finance and accelerated growth of the Emergency Response assets which are currently owned by ILUS. These assets will be merged into ERT, for a stock consideration, with ILUS retaining control of ERT and reaping the potential benefits of its accelerated expansion.
Following ERT’s acquisition of Emergency Response assets from ILUS, it intends to pay a special equity dividend to ILUS Shareholders and ERT has appointed its own legal counsel with whom it is finalizing the matter. ERT plans to follow the required corporate action process in order to dividend out a substantial amount of “ERT” shares to ILUS Shareholders. The structure of the dividend is such that following its intended payment to ILUS Shareholders, ILUS will retain its controlling interest in ERT.
Following in the footsteps of ILUS’ Industrial subsidiary, Quality Industrial Corp. (OTC: QIND), which effected a name and ticker change in August 2022, ERT also plans to conduct a name and ticker change. ILUS believes that the acquisition will add significant value to its structure and operations, as the acquired entity has its own funding line in place for purposes of expansion, and such access to capital will be non-dilutive to ILUS Shareholders. Therefore, ERT intends to complete a previously mentioned significant acquisition which is already in negotiation, following which it will prepare itself for an uplist to a major stock exchange.
Having been approached, the ILUS management team is currently in discussions regarding a merger with a NASDAQ listed company. Therefore, a non-binding term sheet has been signed with the NASDAQ company for purposes of further exploring the merger opportunity for ILUS or its subsidiaries. Following initial meetings, both parties are currently conducting their due diligence, and should negotiations develop to the point that a deal is deemed probable, announcements will be made accordingly.
On December 7th, 2023, ILUS’ Industrial subsidiary, Quality Industrial Corp. (OTC: QIND), filed its amended S-1 Registration Statement for the sale of its common stock in a firm commitment public offering and concurrent NYSE American listing. The subsidiary is working towards S-1 effectiveness and aims to uplist early in the new year. As of this date, QIND has not heard back from the Securities and Exchange Commission regarding its 1st amendment of the S-1. Meanwhile, QIND confirms that its operating company, Quality International has received a purchase order of $73 million from a US headquartered, NASDAQ listed, global company. The order will be delivered through the course of 2024 and 2025 and invoiced according to the achievement of delivery milestones. QIND is currently working with its investment bank to raise interim bridge financing for the company which would carry itself through to its intended uplist.
The raising of bridge finance for QIND and the expansion of ERT with its own funding arrangements in place forms a critical part of ILUS’ structuring in preparation for the new year. The company aims to avoid taking on substantial debt and dilutive funding in 2024, given that its core subsidiaries should be in a position to sustain their own capital requirements. This creates the opportunity for ILUS to start paying down its debt and in this regard, the company hopes to reach suitable agreements with its lenders.
As ILUS focuses on the expansion and uplist of its key subsidiaries, ERT and QIND, the company will be simultaneously disposing of non-core assets without losing its rights, or potential advantages from them as they continue their expansion outside of ILUS. This decision has been made by management so that ILUS should not have to raise capital for businesses which are not critical to its progress or Shareholder value.
ILUS is therefore in discussions to sell non-core assets such as its urban mining business, Replay Solutions, to CGrowth Capital (CGRA). Management’s assessment is that CGRA’s mining business is well aligned for the expansion of Replay Solutions, especially in terms of its skills and current operations, and has the necessary capital for the short to medium-term advancement of Replay Solutions. ILUS therefore plans to sell Replay Solutions to CGRA for stock, which although it will have very little impact in terms of cash on the ILUS balance sheet, it will eliminate the requirement for ILUS to raise capital for Replay Solutions, which the urban mining company will require for its expansion in 2024. However, the stock obtained from the sale of Replay Solutions will have a tangible value to ILUS going forward. As part of the deal, which is in its closing stages, ILUS will retain its rights to Replay Solutions for the US market.
ILUS CEO, Nicolas Link concluded: “Despite 2023 being a very challenging year for us, we have continued our growth and are implementing a very structured operational plan for our subsidiaries in 2024 and beyond. We believe that this more streamlined plan will add significant asset value and we will present specifics of our plan at our next Shareholders Meeting. While our share price has been under significant downward pressure, and while enduring very challenging market conditions which have crippled so many companies, we have continued to sustain and build valuable assets. We believe this is not yet reflected in our market cap, especially when one considers that one of our subsidiaries has a higher market cap than ILUS itself. We continue to work our utmost to ensure that the true value of our assets will be reflected and that this value will begin maturing for our Shareholders during 2024. We especially thank our long-term Shareholders for your continued support and wish you a happy, healthy, and prosperous New Year.”
For further information on ILUS, please see its communication channels:
Website: https://ilus-group.com
Twitter: @ILUS_INTL
Email: IR@Ilus-Group.com
Source: ILUS
Related Links
https://ilus-group.com
2 more days of tax loss selling to endure.
If the company's "announcement" comes out tomorrow or Friday a.m., it might be positive. If they wait to dump it on the weekend, I fear it may not be good .
Remember--they said it will be out before the end of the year, which includes Sat and Sun
Someone over bid for 200 sh to make the close look good for the day.
AginAustin
I sure hope you are right.
However, as the price of QIND keeps slipping, and price of ILUS seems stuck in the upper .007's, my positivity is hiding under a blanket.
As the recent tweet used the term "announcements" instead of "news" and did not use any adjective such as "wonderful", "great" or "exciting", I am afraid that we may get hit with a slap of reality.
They could (BUT HOPEFULLY NOT) say that they have not been able to reach an agreement to modify the terms of the QI purchase and therefore deal is off, or still delayed until such time as something can be worked out. If so , you can forget a dividend. They might also say that since the proposed offering is reduced from the original $7 mill to $3.5 mill, they are delaying any dividend, as they may need those shares for a future private placement or to purchase another company or to give to the QI seller to extend the deal (In other words buying less of the company for the original price).
I would not be surprised if they change focus again and say they will now no longer go after large companies, as finding funding is difficult. They may have realized they bit off more than they can chew, and causing all shareholders to gag.
I am also not encouraged by JP's disappearance from the vodcast/update scene, nor by Nick promising vodcasts on all the companies, but yet only doing one to promote his newest venture--CGRA (whose stock price is also going nowhere).
IMO, part of their problem is that the financing environment changed very quickly, just as they were trying to implement their vision/dream. But another part is my feeling that as well intentioned and hard working as they might be, they are too lightweight to move the companies forward in this monetary environment. Easy money environment makes everyone look brilliant. Tight money, separates the men from the boys.
Here is to hoping I am dead wrong!!!!!!!!!
See the text from the October 6 $ILUS PR. $QIND must have received S1 comments and have clarity on the timing of the QIND uplist if they are releasing dividend information as they said in their Friday tweet! We will have the road show soon. Value will be seen.
See the text from the October 6 $ILUS PR. $QIND must have received S1 comments and have clarity on the timing of the QIND uplist if they are releasing dividend information as they said in their Friday tweet! We will have the road show soon. Value will be seen. pic.twitter.com/A2UAoMXjhJ
— FredZ (@AgInAustin1) December 26, 2023
See the text from the October 6 $ILUS PR. $QIND must have received S1 comments and have clarity on the timing of the QIND uplist if they are releasing dividend information as they said in their Friday tweet! We will have the road show soon. Value will be seen.
See the text from the October 6 $ILUS PR. $QIND must have received S1 comments and have clarity on the timing of the QIND uplist if they are releasing dividend information as they said in their Friday tweet! We will have the road show soon. Value will be seen. pic.twitter.com/A2UAoMXjhJ
— FredZ (@AgInAustin1) December 26, 2023
In case you missed it
ILUS International Inc
@ILUS_INTL
Happy Holidays! $ILUS, $QIND,
@ERT_ILUS
announcements out before year end. #acquisition #dividend #merger
4:01 PM · Dec 22, 2023
CONTACT
Quality Industrial Corp.
315 Montgomery Street, San Francisco
CA 94104, USA
Phone: +1-800-706-0806
Email: info@qualityindustrialcorp.com
Investor site: https://qualityindustrialcorp.com
Twitter: @ QualityIndCorp @ILUS_INTL
SOURCE: Quality Industrial Corp.
ACCESSWIRE / January 11, 2024 / Samsara Luggage, Inc. (OTCQB:SAML) was formerly a manufacturer and distributor of luggage and following a change in business direction, the company is now a Mergers and Acquisitions company focused on acquiring and growing companies in the public safety sector. This change in business direction follows the acquisition of the majority stake in SAML by Ilustrato Pictures International Inc. (OTC: ILUS).
As per the Form 8-K filed by SAML on January 9, 2024, the company confirmed that ILUS acquired a convertible note from YAII PN, LTD with outstanding principal and accrued interest of $600,684.93. On January 5, 2024, ILUS converted the note into 150,753,425 shares of SAML common stock. As a result of the conversion, as of January 5, 2024, ILUS acquired control of 91.5% of the outstanding shares in SAML.
SAML confirms that its existing luggage business will be spun out and ILUS intends to merge in several of its existing Emergency Response focused companies in return for a stock consideration to Shareholders of ILUS. The company confirms that going forward, it will function as the Emergency Response subsidiary of ILUS, known as Emergency Response Technologies (ERT).
SAML plans to change its name and ticker as appropriate for its change in business direction. This shall take place in connection with a short form merger with its wholly owned subsidiary, Emergency Response Technologies, in accordance with NRS 92A.180. The corporate action will be submitted to FINRA and will be effective once a market effective date is provided by FINRA.
SAML is planning the aggressive expansion of Emergency Response Technologies in order to execute the business plan of its parent company, ILUS. The company has made its own funding arrangements in order to execute its growth plan. In addition to the merging in of existing ILUS assets, the company is considering further acquisition options, whereby negotiations have taken place or are currently taking place. This includes the possible acquisition of a US headquartered emergency vehicle manufacturer and distributor. Following execution of its initial growth plan, SAML intends to uplist to a major stock exchange.
Mrs. Atara Dzikowski, and Mr. David Dahan have resigned from all their positions with SAML. Nicolas Link was appointed as SAML's Chairman of the Board and John-Paul Backwell was appointed as the company's Chief Executive Officer and Director. Dan Peters will serve as President of SAML, and further appointments will be made to the company's board and management team.
Over the course of the coming weeks, SAML will provide a number of updates to Shareholders as assets are merged in and business progress is made. SAML Shareholders are urged to keep an eye on the company's ERT website and ERT Twitter account, the details of which are listed below:
Websites: https://ert-international.com
Twitter: @ERT_ILUS
Email: info@ert-international.com
FORWARD-LOOKING STATEMENTS
This press release contains statements of a forward-looking nature about the Company. You can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "future" or other similar expressions. The Company has based these forward-looking statements primarily on the Company's current expectations and projections about future events and financial trends that the Company believes may affect Company's financial condition, results of operations, business strategy, and financial needs. There is no assurance that the Company's current expectations and projections are accurate. All forward-looking statements in this press release are based on the Company's information on the date hereof. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results to differ materially from those implied by the forward-looking statements. The Company operates in a rapidly evolving environment. New risk factors emerge from time to time. The Company does not undertake any obligation to update or revise the forward-looking statements except as required under applicable law. This press release does not constitute or form part of any offer or invitation to purchase, otherwise acquire, issue, subscribe for, sell, or otherwise dispose of any securities, nor any solicitation of any offer to purchase, otherwise acquire, issue, subscribe for, sell, or otherwise dispose of any securities of the Company. The release, publication, or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, or distributed should inform themselves about and observe such restrictions.
SOURCE: Samsara Luggage Inc.
© Copyright 2024 ACCESSWIRE. All Rights Reserved.
SAN FRANCISCO, CA / ACCESSWIRE / December 7, 2023 / Quality Industrial Corp. (OTC PINK:QIND), is a Manufacturer of equipment and infrastructure for the Industrial and Energy sectors. Today the company filed an amended S-1 Registration Statement for the sale of its common stock in a firm commitment public offering and concurrent NYSE American listing. The amended offering shall be for the amount of gross proceeds of up to $3.5 million.
As described in the S-1/A, QIND is in the process of revising the terms of its ongoing payment tranche obligations for the acquisition of Quality International. While the revised payment terms are being agreed, the company has filed its amended S-1 for the purpose of disclosure and progress towards the clearance of SEC comments. Clearance of comments and the corresponding date of S-1 effectiveness affects the terms to be agreed in the revised payment arrangements.
QIND's original S-1 filing contained an offering for an amount of gross proceeds of up to $7 million which has since been reduced to $3.5 million, therefore reducing dilution. Further the company will amend the S-1 to include its engaged Investment Bank once the structure and timeframe of the revised payment arrangements with Quality International are finalized.
The S-1/A now includes the independent valuation report of Quality International by Kreston Menon, a division of Kreston Global, which was obtained by QIND. The amended S-1 also includes the audit reports of Quality International by Ernst & Young and Deloitte for 2020 and 2021 respectively. These aforementioned reports have been filed as exhibits to the S-1/A.
This Press Release does not constitute an offer of any securities for sale.
FORWARD-LOOKING STATEMENTS
This press release contains statements of a forward-looking nature about the Company. You can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "future" or other similar expressions. The Company has based these forward-looking statements primarily on the Company's current expectations and projections about future events and financial trends that the Company believes may affect Company's financial condition, results of operations, business strategy, and financial needs. There is no assurance that the Company's current expectations and projections are accurate. All forward-looking statements in this press release are based on the Company's information on the date hereof. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results to differ materially from those implied by the forward-looking statements. The Company operates in a rapidly evolving environment. New risk factors emerge from time to time. The Company does not undertake any obligation to update or revise the forward-looking statements except as required under applicable law. This press release does not constitute or form part of any offer or invitation to purchase, otherwise acquire, issue, subscribe for, sell, or otherwise dispose of any securities, nor any solicitation of any offer to purchase, otherwise acquire, issue, subscribe for, sell, or otherwise dispose of any securities of the Company. The release, publication, or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, or distributed should inform themselves about and observe such restrictions.
CONTACT
Quality Industrial Corp.
315 Montgomery Street, San Francisco
CA 94104, USA
Phone: +1-800-706-0806
Email: info@qualityindustrialcorp.com
Investor site: https://qualityindustrialcorp.com
Twitter: @QualityIndCorp @ILUS_INTL
SOURCE: Quality Industrial Corp.
SAN FRANCISCO, CA / ACCESSWIRE / November 21, 2023 / Quality Industrial Corp. (OTC PINK:QIND), yesterday filed its financial results for the third quarter ended September 30, 2023, on SEC Form 10-Q, in accordance with applicable accounting standards.
QIND reported revenue of $22.1M and net profit of $1.9M for the three months ended September 30, 2023, compared to $19,8M in revenue and net profit of $2.4M for the same period in 2022. The net profit decrease was due to shares issued to management totaling $1.5M during the quarter. However, the underlying performance of the operating business increased its net profit compared to the same period in 2022, with $3.4M achieved before adjusting for share issuances. QIND remains optimistic about its fourth quarter growth over the same period last year.
QIND has continued to lay the foundations for future growth, including but not limited to its planned uplist to the NYSE American. The Company's S-1 Registration Statement will be amended with the third quarter financial statements and subsequently filed with the Securities and Exchange Commission.
SAN FRANCISCO, CA / ACCESSWIRE / September 20, 2023 / Quality Industrial Corp. (OTC PINK:QIND), is a Manufacturer of equipment and infrastructure for the Industrial, Energy, and Utility Sectors. On March 19, 2023, QIND filed an S-1 Registration Statement for the sale of its common stock in a firm commitment public offering and concurrent NYSE American listing. The offering shall be for an amount of gross proceeds of up to $7 million.
Upon effectiveness of the offering, QIND intends to uplist to the NYSE American. If required in order to meet the bid price requirement for the listing, the company will affect an authorized reverse stock split simultaneous to its listing on the NYSE American.
"We firmly believe that an uplist to the NYSE American is in the best interest of our company and Shareholders. We are confident that it is our optimal path for realizing the value we see in the company and for its expansion from a largely Middle Eastern operation with several global multinational customers towards a global operation servicing the wider Energy sector. It is exciting that we have now taken a very significant step closer towards this objective." Said QIND CEO, John-Paul Backwell.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |