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New Lookers Friendly Reminder NO DILUTION With this MERGER!!!
$SPQS additional validation OTC filings forthcoming from China AI shortly.
11:45 AM · Mar 22, 2024
News Release. The transaction is being formalized on all cash & preferred shares bases only with no additional SPQS common shares being issued in the transaction.
7:08 AM · Mar 21, 2024
Revolutionizing Cinema: SportsQuest (OTC: SPQS) and Huayi Cinemas Merger Sparks Excitement
https://www.benzinga.com/pressreleases/24/03/ab37886553/revolutionizing-cinema-sportsquest-otc-spqs-and-huayi-cinemas-merger-sparks-excitement
We all know what Validation means, so I'm assuming it's a done deal, with signatures.
yep decent catalysts problem been otcn if he moves and let it breathe will go again.
>> $#'s are koming$SPQS additional validation OTC filings forthcoming from China AI shortly.
— SportsQuest (@SpqsOtc) March 22, 2024
need to hold .0012's here if not should get cheapies below .001's again
That's right plus marketcap here only 4 million ...
So still lots of room to grooow
$SPQS The CEO of the merging company has invested $34 million of his own equity! This is a huge amount of investment and shows how committed he is to his company. (See filing on Otcm under $SPQS).
— Canadian Jennifer 🇨🇦 (@cdntradegrljenn) March 22, 2024
When I see management holding a lot of shares and investing in their company it… pic.twitter.com/fsBEr30Pj5
I totally agree! Charts looks ready sitting at very bottom right now. thx.
The pps is down cuz it gapped up yesterday so the gap is getting filled but not complete. I got filled at .0014 may go down to .0013 to fill a few shares then goes back up.
Totally agree, hopefully this is soon.
Indeed .. but the serious $$$ vill flow in once the chinese name is on OTC markets
There is a lot of valuable information in the Disclosure filed yesterday, it's worth the read.
https://www.otcmarkets.com/otcapi/company/financial-report/394651/content
Marketcap of spqs is kurrenty only 4mil ... Jus vait until the chinese merger valuation comes out.
Shares are being loaded today.
Indeed. But now, with the economic condition we are in, those scammy company can't find loan so they have to resolve themselves to sell share and diluton. So add the dumper into this and we have way more seller then buyer, everyone want to dump at the first occasion. Bad times for the OTC markets....
Very enlightened post. My experiences have been similar. Years ago a stock here could go up without being immediately dumped or shorted. Those days are gone.
Unfortunately, it's the OTC. Name of the game is to bag people. I also thought it would pop on that news, but then I remembered that SPQS his an OTC and those scammy CEO will always sell on news to try an make a penny. Been trading OTC for a while. Do you know how many company follow on their promise and whose SP went up without coming straight back down to lower low.....0...not one...in years. They are all scams...unfortunately. But if you trade them fast, don't hold and take profit. you can make some money. I might try to take SPQS around 0.001 for the dead cat...will see
Who knows the otc is whacked
Why is it down?...I thought the news was good from this morning especially the whole merger transaction doesn't involve common shares. Unless I am missing something?
$SPQS News Release. The transaction is being formalized on all cash & preferred shares bases only with no additional SPQS common shares being issued in the transaction.
— SportsQuest (@SpqsOtc) March 21, 2024
SportsQuest @SpqsOtc$SPQS News Release. The transaction is being formalized on all cash & preferred shares bases only with no additional SPQS common shares being issued in the transaction.
7:08 AM · Mar 21, 2024
More news today: SportsQuest, Inc. (OTC:SPQS) Strategic Expansion China Cinema Chain
Press Release | 03/21/2024
Incoming AI China Co Formalizing Special Purpose Vehicle (SPV ) in concert with SPQS To Comply With China SAFE Laws
WEST PALM BEACH, FL / ACCESSWIRE / March 21, 2024 / The Company SPORTS QUEST (SPQS) www.sports-quest.co (Company) is providing the following update on the targeted China based AI cinema chain https://huayicinemas.net/ (AIC). The transaction is being formalized on all cash & preferred shares bases only with no additional SPQS common shares being issued in the transaction. A detailed OTC Markets Adequate Disclosure and or SEC 8k will follow for the Company followers.
In the rapidly evolving world of technology, SportsQuest is more than thrilled to formally announce its anticipation for a Belize Special Purpose Vehicle's (SPV) formation. This SPV formation is required to comply with operating Mainland China based corporate entities. The SPV serves multiple purposes A special purpose vehicle (SPV) is a legal entity created to fulfill a specific, (merger) and non-dilution objective. An SPV is typically used to isolate an individual or corporate investor from risk. It can be owned by one or more individuals or companies. On 20 May 2011, SAFE issued a new set of operating procedures for handling SPV-related foreign exchange registration matters, aimed at fortifying potential growth pathways.
The structural advancement foreshadows capitalization on promising opportunities such as SPQS while enhancing Huay Cinemas China-based AI cinema market strongholds. At Huay we are committed to spearheading innovation and delivering market-demand-driven products and services. SPQR interim management acknowledges the vast potential within Artificial Intelligence's burgeoning landscape. Accordingly, SPQS excitedly presents its impending merger with a premier AI cinema theater company such as Huay Cinema. Both SPQS and Huay Cinema share the opinion that this consequential collaboration, is set to reinvent the cinema experience using progressive AI technologies for English language films globally.
This momentous consolidation grants SPQS not only an invaluable position in the AI movie cinema sector but also facilitates substantial revenue access. The prospective partner's impressive financial achievement promises robust global marketplace performance positioning us to offer unparalleled experiences thereby augmenting shareholder value.
"We eagerly look forward to this novel venture marking a pivotal milestone in our journey." Affirmed Huay Cinemas CEO Mr. Mr. Cao Yiyuan. "This merger synchronizes strategically aligns with our objectives as well as exemplifies our dedication towards leveraging advanced technologies to cater proficiently and innovatively fulfill evolving customer needs."
Huay Cinemas (SPQS targeted merger candidate) is a respected industry leader specializing in innovative solutions that revolutionize how individuals utilize technology facilitating remarkable customer engagement processes-fostering numerous unprecedented technological progression sectors from sensational cinematic experiences incorporating artificial intelligence.
While awaiting SPV adoption finalizing strategic integration particulars, the management of Huay Cinemas affirm resolute adherence ensuring smooth transitions pertaining to all involved parties. Capitalizing on entrenched expertise and corresponding resource positions we are advantageously maximized by this critical opportunity; while escalating market prominence and solidity proving ourselves the AI industrial trendsetters."
More details will follow shortly.
https://www.otcmarkets.com/stock/SPQS/news/SportsQuest-Inc-OTCSPQS-Strategic-Expansion-China-Cinema-Chain?id=433908
Looks good. Many updates coming in a few weeks. They could pull this off bigtime 🚀
If they play this right .. this play could bring back the OTC
Many catalysts over the next 2 weeks
Bonzaiii
+41% large vol. Let's do it again tomorrow
Big vol day for SPQS. Close it good
Got my fill at 16; lets see what this can do $SPQS
Yeah even nothing is something with the Doc lol
I didn’t see any raise of shares here for a while, I’m not 100% sure if there’s dilution or not but like yesterday there was 0 volume
Lol that was something out of nothing :)
Is there a dilution here, you know dilution kills the company even if there’s a viable business
Hey Mister good to hear from you, I hope all is well, me I’m living the life from home now thanks to Dr Dalton ;)
SPQS looks very promising and the run hasn’t started yet so you’re just in time
Hey bro
Hope u r making some money here nd there, I was looking into this
what’s the outlook here?
Late to the game?
thanks for the articles i can understand streaming being good for film production but not for film attendance chinese film attendance probably has a strong social component but that will probably decrease with streaming
They want to acquire 500 cinemas in the next 4 years!
“SPQS Shares of SportsQuest, Inc are surging ahead today, currently up by 42%, after the company announced it has acquired 12 movie theaters, with 3 more in the process of acquisition, all situated in major Chinese cities. They employ a total of 139 staff members across their headquarters and various theater locations. The company's strategy includes expanding its portfolio to 50 cinemas by the end of 2024, increasing to 150 by 2025, and aiming for 500 by 2028. Additionally, through the development of proprietary AI technology, the company anticipates managing 1,000 franchised cinemas between 2025 and 2026, positioning itself as the leading cinema chain brand in China. Its objective is to capture 70% of the market share.”
SPQS
SportsQuest Inc (PK)
0.0016
0.0004 (33.33%)
Volume: 64,658,608
Day Range: 0.0015 - 0.0022
Last Trade Time: 11:33:51 AM EDT
are you watching the north american and european cinema industry? what do you think streaming will do to the chinese market
have some support bids in the teens as it appears some are taking profits
Nice move this morning yeah man!!!
$spqs into the 002s this is going to be epic, thin can easily go back to 3 year highs here pic.twitter.com/epjA1zy4IY
— i_like_bb_stock (@thommic) March 20, 2024
news this should move well this is the best thing to happen here finally https://www.otcmarkets.com/stock/SPQS/news/SportsQuest-Inc-OTC-SPQS-Executive-Summary-AI-China?id=433804
$SPQS has released the most comprehensive China Cinema AI 49 page OTC Markets filing. on the incoming merger. Multiple PRs & OTC & SEC filings will follow this and next week
— SportsQuest (@SpqsOtc) March 20, 2024
SPQS
SportsQuest Inc (PK)
0.0014
0.00 (0.00%)
Volume: 172,134
Day Range: 0.0014 - 0.0014
Last Trade Time: 10:21:35 AM EDT
Delayed by 15 minutes
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