Quest Rare Minerals Ltd. (fka QRMLF)

[halbroke1]

QRMLF $$$ MASSIVE RUN COULD BE NEAR...SO UNDERVALUED RIGHT NOW...NEXT WEEK THIS ROCKET COULD TAKE-OFF..IM LOADING MORE.

[BigGainsBigBens]

All the signs of some looking to load big IMO..
Someone appears to know something.. IMO
$QRMLF

[tchalla]

and yet another one of your pump and dumps you take pride in that is back to nearly where it started. you need to just stfu and take several seats to the left. you are a moron.

[wallstreet1231]

What is wrong with trading here - what's changed over the past two weeks. Seem to fly then tank. TIA.

[naehs1922]

What we can expecting in near future?

[Mgalata]

Sadly, we are not lol. I can’t wait to see what kind of news comes from this.

[Willem Dafoe]

Are we there yet??

[Mgalata]

Oh okay I see what you mean. Well damn, I guess it’s the waiting game now?

[bmswim]

Yes. As far as I know you can’t form 211 filings.

[Mgalata]

I found the finra form 211 online. Is that the same one?

[bmswim]

I believe you have to file a form 211 in order to trade on the pink sheets. Unfortunately, that form is not available to the public.

[Mgalata]

Does anyone know what it takes to get out of the gray? I’ve been looking it up but can’t find anything.

[Stockslayr]

That’s fine, I respect your opinion. For me, I don’t know any fundamentals about this shell and I don’t believe in trying to use technical analysis on a penny stock. At this point it’s not trading anymore or investing. It’s just gambling

[bmswim]

I agree. There is still a lot of potential here imo. It is not very common for a stock to come off the grey market.

[jonnyvs]

Lol. I think there just as much , if not more now imo

[Stockslayr]

Well, unfortunately it looks my assessment of this being a shell was correct based on bmswim’s email exchange. That disappointing. No upside to this for me, so I’m out. Good luck everyone.

[jonnyvs]

I just don’t think you spend all that money getting it off the greys if it’s not going to be a big deal imo. Very interesting indeed.

[bmswim]

That's what it looks like. Now we have to wait and see who.

[jonnyvs]

So my take to that email is someone else bought the shell, paid a lot of money to get it off the grey markets... correct? Hmmm could be even better news this way?!?

[bmswim]

Latest email exchange. Doesn't get any clearer than this.

[Mgalata]

The only thing that leads me away from that idea is the fact that the government website stated they went through a name change.

[ATRACKMAX]

That's probably the answer

[halbroke1]

QRMLF $$$ IM LOADING MORE CHEAPIES TOMORROW..SELLERS WERE N*TS TODAY !!!!..

[Mgalata]

That would be scary honestly.

[Stockslayr]

What if... After bankruptcy QRMLF is just a shell company. That would explain CFO Alain Wilson’s email saying that Turngat metals has no connections with company trading as QRMLF. This would mean Torngat acquired all of Quest’s Strange Lake assets. It would also mean QRMLF is just a shell and most likely has nothing to do with REE mining and has nothing to do with Strange lake any more...

[Cdub3]

Hmmmmm
I’m pretty new here have more Dd to conduct

[Mgalata]

We saw that but another member on showed an emailed that he received from Torngat Metals and it stated they had no correlation.

[Mgalata]

The CEO spot of Quest was also handed over to the CEO of Torngat. I hate that all this doesn’t add up. Also, thank you for the explanation and the tip.

[Cdub3]

So looks like name change from quest to torngat metals
July26 2018

[bmswim]

I emailed him again in an attempt to get a little more info. I have not heard back yet.

[Stockslayr]

Also @Mgalata, as you are a new trader be very careful with these OTC stocks. Also set stop loss

[Stockslayr]

So, when QRM went bankrupt back in 2015, it owed a lot of money to creditors. The current president and CEO of Turngat was one of them. Haven’t got all the details but I’m guessing he got some settlement. I’m just not sure what. The company name change documents confuses me. I wish Alain the CFO of Torngat was a little more forthcoming with his email reply to another board poster

[Mgalata]

Hey man, sorry to ask this but anyway you can dumb it down lol. Very new to trading.

[Stockslayr]

So, as it turns out, Dirk Neumann see link 1.

https://torngatmetals.com/team

Was a creditor in the bankruptcy of QRM. See link 2. Pg 4.

https://www.pwc.com/ca/en/car/quest/assets/quest-009_011518.pdf

So ....

[Stockslayr]

Alain has some explaining...

https://www.globenewswire.com/news-release/2018/04/05/1460386/0/en/Superior-Court-of-Qu%C3%A9bec-Grants-Quest-Rare-Minerals-Ltd-Motion-to-Homologate-Insolvency-Proposal-Quest-Rare-Minerals-Ltd-Undertakes-Full-Performance-of-the-Proposal.html

[Stockslayr]

I’ve got some vacation time left, maybe I will fly up to Strange Lake for some due diligence and fishing....

[Stockslayr]

Maybe you should email the CFO of Torngat back with a link to the name change. Maybe his father-in-law bought the company and just keeps him on the books to keep his daughter happy.

[bmswim]

This is a screenshot of the email conversation I posted earlier. Again, none of this makes sense:

[jonnyvs]

Interesting

[Mgalata]

I found it. Wow, something must be going on here. They have the exact same plans too.

[bmswim]

Came from Bloomberg.com. Couldn’t get it to post the link for some reason.

[Mgalata]

Do you have the website for this?

[bmswim]

Then I come across this:

Alain Wilson
VP/CFO, Quest Rare Minerals Ltd
CURRENT POSITION

VP/CFO, Quest Rare Minerals Ltd
TENURE AT CURRENT POSITION

06/2015–PRESENT
PREVIOUS POSITION

Consultant, Quest Rare Minerals Ltd
EDUCATION

--
BOARD MEMBERSHIPS

--
INDUSTRY

Metals & Mining
CURRENT PRICE



Same person who responded to my email supposedly.
None of this makes any sense.

QRMLF:US0.01USD-0.01-47.77%
AS OF 10:50 AM EDT 09/25/2019

[bmswim]

Just posting what I received. But I would think the CFO should know. Possible they don’t want to disclose anything yet, I guess. I will post a screenshot of the email when I get a chance to prove I didn’t make this up.

[Mgalata]

That cannot be true. They have the same exact headquarters that Quest did and it’s stated they changed names on a government website stated below.


https://www.ic.gc.ca/app/scr/cc/CorporationsCanada/fdrlCrpDtls.html?corpId=9277358

[bmswim]

I also emailed Peter Cashin with Imperial to see if he still had anything to do with Quest. I have not received a response from him.

[bmswim]

I thought the same thing, but that is the response I got.

[Mgalata]

This doesn’t make any sense. There was proof they changed names.

[bmswim]

For what it’s worth. I emailed Torngat Metals and received a response from the CFO. See below:

There is no connection between Torngat Metals Ltd and whatever company is trading under the symbol QRMLF

Regards

Alain Wilson
CFO
Torngat Metals Ltd

From: xxxxxxxxx
Sent: Tuesday, September 24, 2019 11:17 AM
To: Torngat Metals <[e-mail]>
Subject: Questions concerning Quest Rare Minerals (QRMLF)

I recently purchased shares of Quest Rare Minerals (QRMLF) when I realized it had come off of the grey sheets. It is my understanding that Torngat owns Quest. Is this correct? If so, if you could give any insight as to why QRMLF is now trading on the pink sheets, it would be greatly appreciated.

Thanks,
Xxxxxxxxxx

[CHuckem]

Nice day