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Any..here..Checking on the $ /share nasdaq vs nyse price..is This ..not a ..different..stock minimum price needed
Correction if not so ..
i mentioned 31 days
It does not have to hold it for 90 days. That was NASDAQ. Just has to be above the minimum when it uplists.
pps has to hold fer 31 days $2.00 or more ?????
good repore' my friend $QIND
It looks like the plan has changed. Based on the PR's for QIND on 4/20 and ILUS on 4/21, QIND will now be uplisting to the NYSE American exchange. The minimum requirement for that exchange is $2. That is very doable. They plan to uplist by this summer.
Bullish
BULLISH
It looks like the plan has changed. Based on the PR's for QIND on 4/20 and ILUS on 4/21, QIND will now be uplisting to the NYSE American exchange. The minimum requirement for that exchange is $2. That is very doable. They plan to uplist by this summer.
52WK RANGE 0.023 - 0.659
QIND
Quality Industrial Corporation (PK)
0.49
0.0765 (18.50%)
Volume: 178,438
Day Range: 0.421 - 0.60
Bid: 0.451
Ask: 0.616
Last Trade Time: 3:58:53 PM EDT
Total Trades: 123
reading is good,
re;
$QIND annual report was great. Uplist and stock buyback will be coming soon.
With such a small float, the buyback will be very effective. JP said goal was $4 for the uplist.
I expect we will get the announcement soon since JP said the price has to be >
$4 for 90 days and the uplist is timed for early summer.
$QIND - Amended 2022 Annual Report filed with the SEC. No changes to the consolidated financials. Strong YTD with more than $40 million in new projects awarded for completion/delivery in 2023/2024. $ILUS @BackwellJp @NicolasLink
— Quality Industrial Corp. (@QualityIndCorp) April 13, 2023
$QIND annual report was great. Uplist and stock buyback will be coming soon. With such a small float, the buyback will be very effective. JP said goal was $4 for the uplist. I expect we will get the announcement soon since JP said the price has to be > $4 for 90 days and the uplist is timed for early summer.
$QIND - Our Annual Report on Form 10-K is available on https://t.co/6HKX8gc0eO in the disclosure section under SEC Filings, as well as on the SEC’s website at https://t.co/mJmwzLVb4j. PR with summary & highlights on Monday. $ILUS
— Quality Industrial Corp. (@QualityIndCorp) March 31, 2023
Great upside here !
Financials Friday
low volume pump. will be .20 in may.
Why I love grabbing these great setups early. Took some profits already.
Let’s see if she has legs
$QIND annual report will be filed this week. It should show good revenue. They will likely follow that up soon with news of the buyback if they plan on meeting their early summer target for uplisting. JP indicated that they are shooting for 90 days of a share price above $4. So at the latest the SP has to be above $4 by Mid May.
$QIND is ready to uplist. The value is there, the revenue is there. Another large acquisition is coming. The only thing lacking is the share price, but they will initiate a buy back to raise it.
WILL NOT HAPPEN.100% IMO.POSSIBLY IN 2024 BUT NOT ANYTIME SOON.
Uplist plans for first half of summer
New $Ilus video out about it
Announced plans to uplist to major exchange after hours on Friday-
Considering sharebuyback for pps which is a direct nasdaq listing not spac
Uplisting possible by summer 2023
$Qind
$QIND uplist news this month. Based on JP's latest video, it seems pretty clear that we will get QIND uplist news in March. I am now (and not just me) expecting QIND to RM into an existing NASDAQ shell. At that point institutional money can invest. There were numerous bankers at the annual shareholder's meeting.
Here's the math:
OS = 102.9M
at P/S of 1: $200M (2023 rev)/ 102.9 =$1.94
a P/S of 3 is much more reasonable, perhaps even conservative.
p/S of 3: 3*200/102.9 = $5.83
I believe they will exceed the rev #'s.
8k should be coming out shortly.
This board should be buzzin right now!! Definitive agreement finally settled for a massive actual company!!
$QIND Definitive Stock Purchase Agreement signed with Quality International Co Ltd FCZ to acquire a 52% interest. Read form 8-K for detailshttps://t.co/52tADax8wo$QIND $ILUS #ERT @BackwellJp @NicolasLink pic.twitter.com/JsdNVck2qN
— Quality Industrial Corp. (@QualityIndCorp) January 18, 2023
Agree orca, should be getting close to acquisition closure news!!
STILL LOADING:))LOW OF .22 THE OTHER DAY.THIS WILL BE .40 VERY SOON:)))
TIME TO RELOAD FOR 2023.BID NOW .235??WOW.BRING HER LOWER.ORCA IS WAITING TO LOAD:))
Okay, yeah. I see. I just looked at when they acquired WSFT, now QIND. ILUS has a couple old charts of from that spv of what was to come, which I suspect gives the future plan here. Possible I am guessing here will be the mining & renewable, which they I believe they have a couple facilities one in Dubai and another 300,000 square foot facility in Serbia extracting rare earth metals from ewaste, ex; gold, silver, platinum, copper, tin, palladium, aluminium, and lithium.
Nick Link taking over CGRA.
QIND to acquire Quality International Co Ltd an OIl engineering company in Dubai, so... QIND looks like a pretty big company. So It's quite possible they'll do something similar on CGRA.
QIND had $19 million in revenue last quarter.
https://www.otcmarkets.com/filing/html?id=16197042&guid=nzP-kpGUJ0GAB3h
From the 10/24 PR:
"With the size of the businesses coming into QIND, their substantial current revenue and their proven capacity to achieve billions in annual revenue as well as the thriving markets which the businesses service, QIND is simply not a company which we see remaining on the OTC for much longer. Many institutional investors who are not mandated to invest in the OTC markets continue to be very interested in our company. Therefore, as a board, we have agreed that following the completion and integration of our two pending QIND acquisitions, we will aggressively prepare for a move to a bigger board in 2023, with the confidence and backing in place to achieve our goals."
QIND Chairman, Nicolas Link commented, "This is an important realignment which optimizes the QIND and ILUS teams at a time when both companies are closing mammoth deals. A successful next phase for both companies relies heavily on dynamic leadership which maximizes growth and efficiently completes the intense procedural workload required, especially for a company which is soon to be achieving over $100 million in annual revenue and is accelerating towards billions by 2025."
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I believe that QIND is a huge no-brainer investment. It may not achieve the multiple in returns that ILUS ultimately does, but it is more of a sure thing, IMO. Some people were looking for a quick pop in QIND and exit. It may not do that, but the longer term future is extremely bright.
Twitter post on valuation based on revenue:
Lowest possible estimate = $0.73. High estimate = $7.00. That's a big range depending on the assumptions, but all substantially higher than the current share price.
- Assuming Price/Sales of 3 (very reasonable) yields values of $3.5 and $2.2/share.
— FredZ (@AgInAustin1) November 14, 2022
- Assume P/S = 1 (ridiculously low) then that becomes $1.2 and $0.73.
- Now add in the revenue from not yet announced acquisition of similar size. Top estimate becomes $7 and low becomes $1.45🤯 $
From igal on the discord:
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I consulted about this with an acquaintance from work who's in accounting. After hearing the specifics, he advised that in such a case of an acquisition in progress, the correct accounting method to use at this stage would be to record the acquisition target's revenue under Other Current Assets, as a WIP (work in progress). This is exactly what we see in the 10-Q/A, and explains why the assets are equal to revenue.
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So, the other current assets are revenue. The actual assets of the business (Quality International) haven't yet shown up on the balance sheet. They must have considerable physical assets.
Usually property and equipment would be a long term asset, not a current asset.
Maybe not. Doesnt look right after i posted
Would that be property and equipment? New at looking at these reports so its honest question. Would that be listed on this report?
The QIND balance sheet shows a very large part of the current assets as "other Current Assets". Anyone have any idea what this consists of? TIA
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.
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