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Been here a couple years myself. Just a bit surprised that while there seemed to be progress being made by the company, we haven’t had any updates in awhile.
I still think that if they were to give a substantial update we could see some positive movement. The longer we go without an update, the more concerned I become that things have fallen through.
Again, the recent filings and ss reduction are positive signs, but they still need to give us the update we have all been waiting on.
Looks like 3m just went through at 1
Me too, no takers I guess. And haven’t seen anything about the outcome from the sec either, though that may still be a few days away.
Anyone able to trade any shares today?
This thing going to do anything or are we just waiting for nothing? Anyone still around?
Btw, I recently emailed Doug Johnson asking him when we might expect another update. I’ll post if I hear back from him.
No problem, feel free to email me if you want.
Jeff, I don’t know if you can PM me your email address or not, I received an email you may find interesting.
Anyone here have any insight into what’s going on with these guys? It’s been a number of months since we last heard anything and it’d be nice to know if things are still progressing or not.
I can’t argue with that assessment, it certainly doesn’t look good for us. It’ll be interesting to see how this trades when we’re on the grays- never done it so don’t really know what to expect.
The only thing I can see that would save us partially is if Matt or Kevin we’re to chime in that they are working with the SEC, blah, blah, blah... I’m not expecting anything though and have to guess at this point that it’s over.
Let’s see if anyone has the decency to inform shareholders of the final SEC outcome in a couple of weeks.
Still want to know what was going on with those large blocks though.
While there are still many questions about what was going on behind the scenes, the main one I keep coming back to is: who was buying all of those large blocks of shares?
I think we have established that they were not going to retail, at least not all of them. And, there had to be a buyer on the other end that transferred real money for close to a billion shares. Who and why would they do that?
The thought I keep coming back to is that someone somehow was absorbing a lot of those shares for the company- it’d be a relatively cheap way to essentially transfer “ownership” of the company, while also paying off some debt...if they thought that those shares would be worth more at a later time.
In light of the recent SEC suspension, and reading up on the grey market ( https://www.extraordinaryinvestor.com/grey-sheets.html ), I can’t help but think if/how those billion shares may play into a potential strategy going forward.
If there’s anyone still left around here, I’m open to ideas.
I emailed the pr email listed on their website today asking about the updated nvsos annual, and whether or not they planned on updating their other filings. No word back, not that I was necessarily thought I’d get one back. Figured it was worth a shot.
Thanks again for all your information.
If those are our options, it’ll be interesting to see which door they decide to choose, and whether or not they then update the shareholders. Looks like we’ve got another couple of weeks of waiting before we get any potential answers.
I’m not sure what they can do at this point to remedy the situation with the sec, if anything. So, it’ll be interesting to see what they’ll do to to fix it, or if they completely abandon the ticker.
Even though I find the following scenario highly unlikely, about the only thing I can think of is if they miraculously have been working on their filings in the background. And even then, they’d still be in trouble for not having the filings to begin with, all the while diluting the stock to nothing.
Or, could possibly make a deal with the sec were part of the deal is that the company has a plan to get current and clean up the mess, with the goal of becoming active again? Don’t know enough about these situations. And I don’t know where the money to do this would come from anyhow.
Hope you’re right, and I have not given up 100% hope yet, but it certainly does not look good. I’m afraid that the suspension yesterday completely negates any supposed positive events from the last few months.
What would be nice at this point is if Matt or Kevin would give us an update, even if it’s just to confirm the suspension.
Where’s the momentum exactly?
May 19th was the date of the last update from the company. You’d think that whatever they’re working on has to be getting close to being finalized, unless it fell through.
They are still actively submitting their filings, which is a good sign. And the recent reduction in the OS was a nice surprise, but we’re still waiting on the main event.
It will be interesting to see how this trades if/once real news is announced, since it’s a small float with few tradeable shares to work with.
I’ve wondered if a person or persons also alerted the sec to what was going on.
And not that it sounds like he can do much of anything at this point but let’s see if and what Matt does to fix this situation.
Not that it gets us anything anymore but I’m still very curious about that too.
Ok, thanks
Ok, thanks.
The day just keeps getting better and better.
Were all those large block shares going to someone that was shorting the stock?
Serious question, just trying to figure out what happened.
Question is he going to do anything to help fix this current mess
Again, it seems all that would do is open himself up to more litigation, from multiple angles.
Doesn’t sound promising on getting out now.
I don’t know that as a fact but you’re probably correct, and it could be a factor in the halt today.
Who knows, maybe Matt thought he could do just enough to not get red flagged. Though all these huge volume days couldn’t have helped, either.
Agreed, should be illegal, though they did say in their last filing in 2017 that they raised the AS because they knew payments of shares were going to be needed to pay debt. And someone updated the OS a couple of times. And, the per the settlement agreement, Livingston could not have more than 10% of the OS at any given time. So, did they stick to that stipulation or completely ignore it? Was this all part of a ruse or was there truly something going on in the background to get QSIM going again?
Matt needs issue a statement and what his plan is. It’s time to come clean and tell us what’s going on.
He may have swapped out a lawsuit with the creditors for one by shareholders.
Sorry to say, looks like you’re assessment is probably correct.
One question still lingers though- if all those large blocks were to pay off as much of the Livingston agreement as possible, who was buying all those shares? The money, in exchange for the shares, had to come from somewhere.
There seems to be a lot of answers today and I hope someone knows this one.
TIA
Got it, thanks for the info.
I just reread the SEC order.
Any idea why SDYD was also listed as a respondent? How are QSIM and SDYD linked together? Was SDYD the RM/acquisition target?
Very bizarre, hope you’re correct.
I don’t know much about it either, though I think we know which reason why we’re on the list.
Doesn’t look good unless Matt is able to miraculously pull something out of his a$$ to fix this. But with seemingly no money, and with no way to sell more shares, let’s see what he does.
Yeah, not much about this makes sense.
I agree that they had to have known what they were doing and the ramifications for how they were going about it. Were they hoping that they wouldn’t get caught, or were they hoping to have completed what they were working on before doing a full update? Or, were they just diluting as much as possible before they knew they’d be shut down?
I still have a hard time believing the last option because we know the there was an agreement with Livingston, and because all of those large blocks were going to someone- not the typical way these stocks are diluted.
Also, if there truly was a plan to get QSIM going again with a RM or acquisition, wouldn’t they have to have been working on their books for an eventual filing?
So, it seems to me they got caught midway through whatever it is they have been working on. Whether or not what they were doing was nefarious or not, I’m not certain. May be wishful thinking on my part but there may yet be more to unfold.
Gotcha, I agree, though don’t know what it means for us.
Would love to know for sure who and why they’re picking up those large blocks.
As far as I know things are happening, just waiting on more confirmation like everyone else
How you figure?
Possibly. About the only profit being made here at the moment.
Are you saying that they’re negotiating to get the shares with the company or with Livingston?
For what?