QuantGate Systems Inc. (QGSI)

[Involuntary-Recluse]

Fluff Pr's persist 😂

[MarketMavenX]

What is this dogshit 💩
I'd short it if it wasn't already close to 0 lol

[Involuntary-Recluse]

Ditto 😂

[Involuntary-Recluse]

The fluff PR's persist 😂

[Involuntary-Recluse]

Add another 13,333,333 shares to the already bloated share structure on todays news 😂

[Involuntary-Recluse]

Going absolutely nowhere without a RS, 300 mil/OS is not acceptable anymore, especially with 0 revs and a Disney cast of characters at the helm!!!

The AI theme cannot create miracles

[rawsteel]

High today .259....next resistance .269 then the highest high of .3327......wonder how high they will let it go before squashing it again....GLTA

[Involuntary-Recluse]

Wait till they decide to R/S this pos, only a matter of time imho

[hondaboost]

QGSI Scam, O/S: 283 M. Revenue: $0, Deficits; $12 M (huge), cash; $62k,
Good Pump and Dump Scam by the insiders who have been dumping their Worthless shares to the idiots..

https://www.otcmarkets.com/otcapi/company/financial-report/372899/content

[Huntewr7]

Good gains today. Dollar coming

[surf1944]

Outstanding Shares 284,224,219 04/03/2023
Restricted 252,099,519 04/03/2023
Unrestricted 32,124,700 04/03/2023

[surf1944]

https://stockcharts.com/h-sc/ui?s=QGSI&p=D&yr=0&mn=6&dy=0&id=p38090673899

https://www.barchart.com/stocks/quotes/QGSI/technical-chart?plot=CANDLE&volume=total&data=DO&density=ML&pricesOn=1&asPctChange=0&logscale=0&indicators=ACCUM;SMA(20);SMA(50);SMA(100);SMA(200);CHKMF(20)&sym=SYSX&grid=1&height=210&studyheight=100

https://www.barchart.com/stocks/quotes/QGSI/opinion

[kaylex13]

07 200ma

[kaylex13]

Ai theme not going away like to get some 03s but not sure bid was present all day.

[price_and_volume]

Quiet board, but quarterly & stock-scans ignited interest...

AI & crypto been running - will it stick?

Can we get 7s next?

Who knows - $CEOS showed similar action earlier this month & got a 2nd push.

We never ever know...

Trade 'em well!

[kaylex13]

looks ok

[Potse]

QGSI...position status.....

Regarding the private message I received asking about my current thoughts on QGSI.....

This could end up being a very bad investment decision on my part, but I sold my position in QGSI. I was not comfortable with this proposed merger with CoinAnalyst, and I was growing increasingly uncomfortable about the lack of transparency on a couple of major press releases (corporate developments). Neither QGSI nor CoinAnalyst would respond to emails, so at this point I am just more comfortable moving my money into other opportunities.

Regarding the CoinAnalyst merger:

1) It looks like the burn rate of the combined company will be fairly high.

2) The exact details of how this will be implemented have not been disclosed yet, but it looks like this could turn out to be a bit of a messy or complicated situation. I have zero interest in owning a stock that trades on the Canadian exchange. As far as I am aware TD Ameritrade does not allow trading of foreign stocks, so I don't want to deal with the headaches of trying to get my position moved to a platform that allows me to trade it. Maybe QGSI will set up a "F" equivalent stock for United States shareholders, but I don't know how the mechanics of that would work out.

If anything about this merger were to make it more difficult (and/or more expensive) to trade my shares, I just don't think I would be interested in dealing with it.

Lack of transparency on corporate developments:

I am a generally patient investor and realize that things might not always materialize exactly how the company expects. But I do have some limits on what I find acceptable or not. The company issued two press releases in the last year or so disclosing very major transactions (a $1M investment from a third party -- 8/25/2021, and the CEO acquiring 90M shares -- 7/6/2022). Subsequent quarterly filings from QGSI do not appear to show any evidence these transactions actually occurred. The first press release was a red flag for me, but I was willing to give the company some leeway on it. This second press release was the final straw for me. The lack of transparency on these two items does not sit well with me.

Part of me wonders if instead of the CEO actually acquiring those 90M shares, maybe the sisters who owned those shares are just going to return those shares to treasury and the company will cancel them. If the share numbers and percentages disclosed in the merger press release are accurate, the only way this merger can be completed is if QGSI cancels around 90M shares. Otherwise the percentages (QGSI = 97%, CoinAnalyst = 3%) simply do not work.

No matter what the situation is, QGSI needs to provide better transparency on issues where filings seem to directly contradict information the company has issued in press releases.

[rawsteel]

Amateur traders piling on the bid

[Potse]

QGSI...Misir's share purchase, MetaTrading Investments......

Picked up some more shares of QGSI at 9 cents and below for a possible short-term trade. I think these last two press releases would seem to bode well for some tradeable opportunities. That looks like a pretty nice personal/financial commitment that Govin Misir has made here: purchase of 90M shares at 20 cents, and apparently a more visible/tangible relationship with his own software company.

I'm not sure if these last two press releases are an indication they are proceeding with development of the MetaTrading Investments subsidiary they formed earlier this year, or if there are other things currently under development. But I would certainly think these PRs are a good sign we will probably be seeing some potentially interesting corporate developments.

The 25-page investment deck for the MetaTrading subsidiary.......

https://www.canva.com/design/DAE5pYK33w4/zVEIzAbeHBwopfuPosKlXA/view/

[rawsteel]

Reason to be buying...GLTA
https://www.newsfilecorp.com/release/130089/QuantGate-CEO-Acquires-90-Million-Shares-At-USD-0.20-Per-Share-From-Founders?src=stocktwits

[PMtrader45]

??????????????

[shnitz]

Well...well...well...looks like there's some percolation going on with this stock over the past week. Finally broke the 10cent mark...let's see if there's finally momentum with this.

[shnitz]

Can't believe this pig is still under $1 nevermind 10 cents...oh well...was checking in to see if there's still anything going on here on the board...the only decent thing is that the stock looks like it's percolating a little over the past month but we've been here before...oh well

[rawsteel]

QuantGate Systems Enters into Joint Venture with Darkhorse Technologies


https://www.newsfilecorp.com/release/114511/QuantGate-Systems-Enters-into-Joint-Venture-with-Darkhorse-Technologies?src=stocktwits

[KeepOn]

Cheap? Interesting stock.

[PMtrader45]

Pilot Trading Expands Its Suite of Broker Integrations by going Live with TradeStation
December 06 2019
Pilot Trading, the machine learning market trading application from QuantGate Systems Inc, in collaboration with TradeStation Securities, Inc. ("TradeStation Securities"), has officially launched its API-powered integration that is now available to TradeStation Securities customers.

December of 2019.......

[PMtrader45]

Laughable because if you go through their previous press releases they said months ago they integrated with tradestation......this should get the share price to 5 cents

[02opida]

oronto, Ontario and New York, New York--(Newsfile Corp. - February 8, 2022) - QuantGate Systems Inc. (OTCQB: QGSI) (the "QuantGate" or "Company"), an Artificial Intelligence ("AI"), Machine Learning ("ML") SaaS-based Fintech solutions provider extends Pilot to all TradeStation users. Pilot now supports and integrates with two of the top eleven brokerage trading platforms: (i) Interactive Brokers and (ii) TradeStation.

[PMtrader45]

No new press releases?

[Potse]

Reply to private message regarding position status.....

I did not get a chance to read through the Q1 report until Friday afternoon, and sent the company an email late Friday afternoon expressing my concern that the report provides no information about the $1 million financing that was completed during the quarter. I was planning to purchase one final block for trading purposes after the price broke under the 13-cent level, but decided to wait until the company provides an explanation/clarification on this matter. I still have not received any response from the company at the time I am writing this.

Regarding the private message I received inquiring about my position status: I have not sold any of my position yet since I made the above post. I did not receive any response to my email. So, I really don't know if that financing was actually completed or abandoned.

The only thing I have seen/heard regarding financing and QGSI recently is the audio interview that new ceo Govin Misir did around the middle of December. According to Govin QGSI's capital raises have been done "internally", which suggests to me that the $1M was not completed because the press release clearly stated that the $1M financing was from an arms-length strategic investor......

"We've raised capital internally. It's funded by us. We have not entered the market very much for any capital."

https://wallstreetanalyzer.com/2021/12/16/quantgate-systems-inc-otcqb-qgsi/

The next quarterly report should be out in around 2 weeks or so. If there is no information/explanation in that report regarding that financing, my mood toward this investment probably will not be very good. Again, maybe I am jumping the gun here and there is some perfectly acceptable/logical explanation. But if that particular financing was never completed, I think the company had an obligation to let its investors know.

I am definitely planning to sell a significant percentage of my position during calendar 2022. But the idea of selling at current prices is not something I find particularly appealing. My guess is there will be far better opportunities to sell at some point this year.

Govin Misir has a very successful background, so I would like to give him an opportunity to show what he can do now that he is officially in management control of the company. He mentioned in the interview that he has been bringing in new operational people to the company (design, development, marketing). It sounds like he is also bringing in additional advisors and board members. At the time of the interview QGSI was priced around 8 cents. Govin described QGSI as being "underpriced".

[PMtrader45]

What happened to the crypto app they were building with Alt5, or the app for 8topuz?

Look at all the press releases and tell him if any of them have ever been conceived.

Just another press release to get the stock higher.

I wonder if interactive brokers even knows about this.

[shnitz]

https://www.newsfilecorp.com/release/107562/QuantGate-Systems-Inc.-Rolls-Out-Pilot-Pro-to-Interactive-Brokers-Expanding-Its-Reach-to-1.6-Million-Active-Users-in-More-than-200-Countries

[etime0510]

Yeah - not sure how anyone can take this company seriously. They have shown no ability to generate revenue, do product announcements but do no marketing to promote them after, are absent from twitter, don't respond to messages mostly. I'm just watching from afar given how heavily I used to be invested but sad they never lived up to hype. All in my opinion.

[shnitz]

Like I said...one month later...this company and it's stock price is garbage. I was hoping I was wrong...I would love it if I was wrong. Apparently one of the director's picture is gone. I had higher hopes but nothing but sellers and nosedive on the stock price. Wonder if anyone reached out to them to find out what's going on? No news for past 2 months.

[shnitz]

As I said...this has become a shitty stock and company. Can't keep any momentum going.

[1hot toddy]

on their website, they dont even have prices. i had to email them for prices. just did today. they r trying to get clients

[etime0510]

I also am just baffled how they continue to have 0 revenue. I gave them a pass a year ago but to still be in the same place makes me pretty convinced they can’t survive as a business. I’ve been saying this for a while but selling their technology in a buyout seems like their best play. They have a weird org structure, orange flag financials and have not proven they can make generate more revenue in year that most people make in a week or less.

[Potse]

My concern with the quarterly report......

Accumulated a few shares around the 16-17 cent area for another possible short-term trade back over the 20-cent level. The OTC market has somewhat cooled off recently, but I am anticipating we have not seen the last of some moves/spikes in the QGSI share price in the near-to-mid term. Quarterly report should be appearing sometime within the next week or so, and I wanted a few extra shares just in case anything interesting shows up in that report or if any important corporate development materializes shortly after.

I did not get a chance to read through the Q1 report until Friday afternoon, and sent the company an email late Friday afternoon expressing my concern that the report provides no information about the $1 million financing that was completed during the quarter. I was planning to purchase one final block for trading purposes after the price broke under the 13-cent level, but decided to wait until the company provides an explanation/clarification on this matter. I still have not received any response from the company at the time I am writing this.

Here are the key things that concern me......

1) The August 25 press release seems to definitively state that the financing was completed during the quarter (money was received and shares were issued). However, there is no information in the Q1 financials that indicate this occurred.......

QuantGate is also delighted to announce the completion of a non-brokered Private Placement financing (the "Financing") in the amount of USD $1 Million. Pursuant to the offering, the Company received Gross proceeds of USD $1 Million, via a Secondary Offering (the "Offering") by the issuance of 5 million shares at USD $.20 per share. The entire financing was subscribed by an arms-length, Strategic Investor.

2) I have considered the possibility that maybe I am just misinterpreting that paragraph, or maybe there is something in the terms/conditions of the financing that pushes actual delivery of money/shares to a date past the end of that quarter. However, at a minimum I would certainly think the "subsequent events" section of the quarterly report would mention this financing. It does not. It seems almost inconceivable to me that neither the financials nor the subsequent events section contained any kind of information about the $1 million financing.

3) During the quarter the shares outstanding only increased by a little over 100K (one of the note holders converted his loan at 25 cents). If the most recent verified share count (October 15) from the transfer agent is accurate, the shares outstanding has only increased by 1.12M since the end of the quarter. It is possible some or all of that increase could be from note holders converting at 25 cents. I would think by now (almost 2 months since the completion of the financing) the 5 million shares from that financing should have showed up in the most recent verified share counts on QGSI's OTC Markets profile.

There could be a simple/logical explanation for all of above, but until the company provides some confirmation/clarification on the status of that financing I probably will not entertain the thought of purchasing any more shares and may have to seriously rethink my commitment to this investment.

[shnitz]

Wow. This stock is such shit. Low volume and all selling!

[Potse]

Added a few more shares for trading again......

With the financing news last week, I am viewing pullbacks under that 20-cent price level as potentially attractive trade opportunities.

Accumulated a few shares around the 16-17 cent area for another possible short-term trade back over the 20-cent level. The OTC market has somewhat cooled off recently, but I am anticipating we have not seen the last of some moves/spikes in the QGSI share price in the near-to-mid term.

Quarterly report should be appearing sometime within the next week or so, and I wanted a few extra shares just in case anything interesting shows up in that report or if any important corporate development materializes shortly after. I think the appointment a few weeks ago of Govin Misir as the Chief Operations Officer is a pretty significant development. It should solidify the ability of QGSI to attract financing when needed, and probably dramatically increases the possibility of operational success for the company.

I like the fact that Govin is sufficiently intrigued/interested in what is going on with this company that he was willing to take an executive position and get involved in the day-to-day operations, rather than just be an advisor or director for the company.

[etime0510]

The stock ran 4X. It needs to consolidate and cool off. The volume has been surprisingly very strong daily which means there are some eyes on it. But the company still has to prove they can execute and generate revenue. To this point they have not. That will be the only way this thing moves above .25. That or a buyout which still makes the most sense for a company with good tech/poor business ops. Jmo though. Gl.

[shnitz]

This stock is unbelievable. As soon as there's some good news and the stock starts to go up, big selling occurs shortly thereafter.

[shnitz]

Some good dumping today.

[Imfeelnlucky]

Agreed any real volume and buying pressure and we zoom

[rawsteel]

Nice close. Wish we could get some volume

[shnitz]

There goes those sellers again...trying to short the stock! lol

[Imfeelnlucky]

Need to get more volume in here

[rawsteel]

Looking good today. Good volume and made up the ground it gave up and getting ready to test .26 resistance again

[Potse]

shnitz...David Daniels......

Any background on this David Daniels? I tried looking him up and found RBC capital markets in New York.

Most of the people/companies that have participated in the convertible notes are residents of Canada or in some way closely associated with Canada. I am guessing he is likely a Canadian resident. And because of the size of his investment, I figure he is either an owner of some company, someone in the financial idustry, or an attorney.

One of the early convertible investors was John Margie. I am 99.9% sure he is a Toronto attorney who specializes in the area of construction. If I recall correctly, one day last year I was scrolling through his LinkedIn posts and noticed he had posted or reposted something about Quantgate, so it was pretty obvious I had found the right "John Margie".

https://www.linkedin.com/in/john-margie-261bba19/

If this "David Daniels" is a Canadian resident, there are a number of possibilities as to who he might be. But if I had to take a mostly-wild guess, I would probably lean toward another Toronto attorney who, like John Margie, just happens to have some experience in the construction industry. But again, this is just a guess on my part, I could be completely wrong......

https://www.linkedin.com/in/david-daniels-1884b81/

[shnitz]

Any background on this David Daniels? I tried looking him up and found RBC capital markets in New York.