Quinton Group Inc. (fka QUGB)

[creede]

Bizarre

[splintered sunlight]

Exactly

[splintered sunlight]

all great questions - unfortunately I do not have any of the answers........

[Rock_Bottum]

So this guy buys a cleaned, current shell; splits the stock to nearly nothing, waits 20 months, then instead of actually using it, selling it, or working something out with DL to take it back, he just says screw it, and voluntarily dissolves it into nothing..

Well here's to all of us someday having enough expendable income, to afford throwing $200k in the trash.
I appreciate your time, thank you for the explanation.

[Renee]

The company initiated the cancellation of their charter and the dissolution of the company so it is unlikely the company or stock would be resurrected.

It doesn't make sense when Lazar or the new owner could have milked it for more $.

[Rock_Bottum]

Thanks for posting. A couple questions if not too much trouble..

Firstly, what triggers this action? OTCM, Finra, NVSOS, the owner? This was a Lazar shell that was sold for around $200k a couple years ago. The buyer immediately filed a reverse split, then they went dark.

Is this the end for both the company/owner and shareholders, or could they still file something to revive it? Seems awfully strange to spend that kind of money on something to simply allow it to be dissolved..

[Renee]

QUGB: Charter Cancelled / Dissolution. FINRA deleted symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

[creede]

QUGB: Pink to Expert.

Corporate Actions: Market Changes

ACTION TYPE EFFECTIVE DATE SYMBOL DESCRIPTION

Market Change 09/27/2021 QUGB Market change from Pink No Information to Expert Market

https://www.otcmarkets.com/stock/QUGB/overview

What a turd.

[creede]

[splintered sunlight]

Well said!!!!!!

[creede]

yeah, I scan it occasionally.

At least it's Pink Current - a lot more than I can say for this huge Quinturd.

[splintered sunlight]

Check out that board.

Any hope for LICH?

[creede]

O/T

Yeps. I have 151k of LICH

[splintered sunlight]

Nope - just you and me apparently.

You in LICH by any chance?

[creede]

lol - at least I am not totally alone here.

[splintered sunlight]

Great F@#king question!!!!!!!!!!

[creede]

Why would anyone pay $175,000 for a shell and then let it slide into disarray?

https://www.otcmarkets.com/stock/QUGB/disclosure

https://quintongroup.com/contact/

Looking like this turd bucket about to take a trip to the Expert Motel.

[Renee]

You're quite welcome, creede.

[creede]

Thanks Renee

[Renee]

Effective July 2,2021 VDPHD will change to QUGB:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[splintered sunlight]

Let's go boys and girls!!!!!!!!!!!!

[mad dog2]

did not get out but as always took profits before sale

[splintered sunlight]

I am going to try and buy some if it gets to the $2 range.........

[Renee]

VDO-PH International Inc. changed to Quinton Group Inc. and a one for 250 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[creede]

Hey SS,

see if this article helps.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158448572

I have actually read as much of the rule as I can stand. I'm not a lawyer so it's "tough sledding".

In the end I concluded there is an 18 month exception for all changes in ownership. Not sure if that starts with a custodian - or not.

Will only know for sure on Sept 29th. Then we will know what the Broker Dealers have concluded.

And then after that we will know if the SEC agrees the Broker Dealers have gotten it right.

If not, then suspensions could soon follow.

Not sure about everyone else, but I am very curious to see how the rest of the year unfolds for the OTCM.

[splintered sunlight]

From my understanding, the OTC is allowed to give a company 18 months to get current after a change in ownership. [/I]

Only hope that is true - can you provide anything to show that?

Thanks

[creede]

Yeah me too.

Happy with the incoming company from what I can tell thus far.

Glad they are not in China and seem to be an established company.

Disappointed by the R/S but it could be worse.

I was away from the PC on Friday so no way to respond. Now it kinda feels like the r/s is already priced in.

Thinking with a little bit of volume we should be able to at least go at least two or three bags from here.

Another consideration is the upcoming rules change. After Sept 28th about 3k stocks are going to suddenly be removed from the OTC market. VDPH should not be one of them.

From my understanding, the OTC is allowed to give a company 18 months to get current after a change in ownership.

[daman45]

NP.....yeah, I was disappointed too.

[Golden Cross]

Name changed NVSOS
New Name: Quinton Group Inc.
Old Name: Vdo-ph

[TraderGreen]

Thanks for that info...appreciate it. That is disappointing to say the least. Hopefully, since they are an already revenue generating company, they are using this as a way to back door the Nasdaq.

I usually get into these lower float shells, simply because they are less likely to RS...really surprised by this here.

TG

[splintered sunlight]

Mind boggling.

AMBG/BRRN/SKWG amounts others.......

[daman45]

I was lucky enough to get all out at .035 this morning. This will only go lower. Nonsensical reverse split.

[splintered sunlight]

Lately that all that happens to his shells.

I have really gotten hurt in a few of them.

I'm done with this one.

GLTA who stay.

If they whacked it down to low 1's/sub penny I will try again.........

[daman45]

That R/S kills it.....I really thought this one (because of the low float) had a chance of escaping Lazar's track record for R/S. Unfortunate.

[daman45]

$VDPH Reverse split in the filing for your records

Here is a tutorial on how to get the filing for yourself if you want the official doc:https://t.co/AGjw0JsmvR pic.twitter.com/fUnJ1f1XD8

— OTCmethod.com (@KickoStocks) May 28, 2021

[TraderGreen]

Not sure how much you looked into the new company, but imo it's a very impressive company. They have 450,000+ users in Malaysia, have a board member that is part of the royal family and have partnered with the Malaysian Tourism Council...They've had tremendous growth in a very short amount of time and there's no reason to think that growth wouldn't continue.

Might want to dig a little deeper on this one, because the company is pretty solid! As for the RS, IF there is an RS, I would definitely agree there is no excuse for that and am rather disappointed if true, but I've yet to see anything "official" that supports that.

GLTY and AIMO,
TG

[splintered sunlight]

Yes I was wondering about the RS as well -thanks

[TraderGreen]

Go to the NVSOS portal for business searches here:

SilverFlume Nevada's business portal

Unfortunately, you won't get too much info there on whether there is an RS in the works or not, unless I missed something.

TG

[TraderGreen]

I'm not seeing anything on a 250-1 RS. I see where they filed a Certificate pursuant to 78.209, but that is used for a couple of different things (one of which would be for an RS). Unfortunately, the only thing I see on SilverFlume when I click on the 2 new filings are:



and



FYI, I'm not challenging you here, but just want to see for myself. A 1-250 RS seems like an extreme move considering the very tight share structure already in place here.

I know Filing:Re is showing 3 filings, but there are only 2 on the official SilverFlume website and neither indicates a 1-250 RS.

Thanks,
TG

[daman45]

9 milly float....no excuse for a reverse split that high. Not impressed with the incoming company either. Lazar plays are becoming real stinkers....

[splintered sunlight]

How do I read the filing?

Thanks

[ANTI-BAGHOLDER]

250-1

[TheSummerMan]

Figured. I didn't read them. What's the ratio?

[ANTI-BAGHOLDER]

With a RS in those filings

[TheSummerMan]

Series of SOS filings today. $VDPH officially sold. New name Quinton Group, Inc.

[Welcome2Pinkyland]

$VDPH looking good $$

[wedman]

Finally

[creede]

Little bit of movement today.

[Bag_Collector]

...

[Bag_Collector]

What was the situation with this ticker again? Custody granted already?