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This will be the last thing I say since it's clear we see things differently. The reality is this company has basically been a shell in the recent years. The two routes to an OTC company getting interest: A. material announcements legitimizing the company or 2. a stock promotion/pump. It does not seem like the company is interested in pumping their stock, especially before they feel the company is ready.
They have clearly spent the last year restructuring and rebuilding with visable, steady and (imo) significant progress. Unfortunately, this doesn't seem to quickly translate to eyes on the stock as of yet but I really don't think that is their focus right now. Usually it's a red flag when OTC companies are releasing news and pumping their stock with no material news. I personally believe hiring a CMO is both a good sign and makes it more likely the company will start to be more visable but it's clear there needs to be a significant or material announcement to draw eyes here. I will continue to be patient as long as I see company progress and potential, which I still do. But to each their own and I respect your opinion on the contrary and understand how the wait can be frustrating.
I encourage you to reach out to Ron Shporer at info@quantgatesystems.com and cordially ask any questions you have. I have received a reply every time to my questions the past few months.
Cheers
I know it will likely just be dismissed but this is what I posted a few weeks ago regarding promoting the company and its products:
"we do have a marketing plan and budget we are implementing together with the official launch of our products, including advertising on different websites, Youtube instructional videos, joint marketing campaigns with firms that have been signed up, as well as traditional investor relations communications to the public."
I'd hope these things are meant to align with Steal Trader roll out and finally will bring eyes to the company. Until then, I have no expectation for a meaningful increase in volume.
Don't shoot the messenger.
Everyone is entitled to their own opinions but the stock is pretty much stagnent right now. At some point they need to do a better job of promoting their company and products. Hiring a CMO and rolling out Stealth Trader next month seems like a perfect time for that. As long as I continue to see progress, I will wait to see how this plays out. I just don't think they are a normal OTC company focused on pumping their stock. While some may want that, it seems like they are playing the long game.
Just my 2 cents but good luck to you if you decide to move on.
Great work as usual, thank you for sharing.
- Hiring a CMO is a good sign that the company name and products will be getting a lot more exposure in the future
- The size of the team + advisors *looks* like the size of a company with aspirations to do multi-millions in revenue per year
- Kapoor background is certainly interesting as is the fact they keep adding to their advisor list. I'd like to think this speaks to the quality/vision
That is all, but still here and in it for the long haul.
Looks like things are finally happening. Check this out:
Dear Valued Customer,
We are pleased to announce that as of November 1st 2020, StealthPro will be fully supported for commercial use.
What does this mean?
Online support will be available via support.stealthtrader.com starting Nov 1st 2020.
Email support will be available starting Nov 1st 2020 via support@stealthtrader.com during 8:00AM - 5:00PM EST.
In the near future, we are planning to hold bi-weekly (twice weekly) webinars, at which you will learn how to use StealthPro and have a chance to participate in Q&A sessions. If you are interested in attending, sign-up by emailing us at webinar@stealthtrader.com.
Client subscription management will be avalable through www.stealthtrader.com by Nov 1st 2020.
Having reached this milestone, as of November 15th, 2020, we will be charging a monthly subscription fee of $695.00 USD per licence.
If you have any queries please connect with our support team at support@stealthtrader.com We look forward to you trading with StealthPro.
Yours sincerely,
The StealthPro Team
QuantGate Systems Inc.
Nice to see follow through on that -they seem to be doing everything they said they would - albeit a bit slower than I would like.
Hi all, a few days ago I sent over a list of questions to the company and they were quick to respond and I believe as candid as they could be. Take it or leave it, but hopefully this provides some clarity and excitement:
On marketing and promotion plans:
"we do have a marketing plan and budget we are implementing together with the official launch of our products, including advertising on different websites, Youtube instructional videos, joint marketing campaigns with firms that have been signed up, as well as traditional investor relations communications to the public."
On the increase in O/S:
The increase in the number of outstanding shares is from the conversion of preferred shares that were held by the controlling shareholders. There are no longer any preferred shares, nor is the company authorized to issue any in the future. This was to ensure the simplest capital structure possible in anticipation of an imminent OTCQB filling.
On plans for OTCQB:
"In progress. In addition to the step taken in question 3, you may have noticed in a recent press release the addition of 2 new independent board members. This was one of the final steps to upgrade to QB. There should be news on this front in the very near future."
**Notice the last part of the answer - that was a hypothesis I had regarding the independent directors release**
On global expansion based on teams experience and reach
Didn't get much here just that progress is being made and they will release updates as they have it.
Hope this helps provide some clarity. I am encouraged by the prompt response and the answers they gave and seems like we'll see continued updates in near future.
G/L
Yeah, there still aren't eyes on this one. But two deals in two weeks with subscriber targets means real revenue. I think eyes will come eventually, but for now there's not.
NEWS
QuantGate Systems Inc. Enters a Key Distribution Agreement with Leading Blockchain Powered Financial Platform Provider, Alt 5 Sigma
Good catch - nice to see they are following through with updating the Pilot website as they alluded to me last month. Nice to have the big boys on the list.
Also, good catch on downloads.
Haha I just don't get monitoring the day to day here. I see it as somewhat irrelevant right now. I still like the story and see (very) slow progress. Until that stops, I'll wait. The Brazil approval seems like a big deal.
It was one trade. It's fine to be a pessimist here but tanking hard is just not accurate. One trade sends it up 100%. Would you say that it is mooning if that happens? We all want progress here but being spiteful seems counterproductive.
So something interesting - or maybe not that interesting - I noticed today on the OTC site.
They now have the independent directors icon on the OTC site. At first I didn't think much of it.
But then I clicked on the icon:
"The Two Independent Directors badge on a company’s profile at www.otcmarkets.com means that the company has self-reported to OTC Markets that their board of directors contains at minimum two Independent Directors.
OTCQX and OTCQB companies are subject to the definition of an Independent Director found in the OTCQX Rules and the OTCQB Standards respectively."
The mention of OTCQB was interesting to me since I know this was a topic the other day. Could be nothing but just thought I'd share.
Yep, the day to day movement is largely irrelevent. It remains very thin. It needs consistent volume. While it's taking longer than I would like, I think the story will warrent it at some point. I see slow but steady increasing progress.
- Pilot website recently updated
- team promoting Pilot online
- New PIlot agreement
- Seeking Brazilian integration
- Stealth Trader launches as soon as next month.
Shrug to daily movements. I believe upside > downside by a lot so I'll continue to monitor and wait for a big pop.
Fluff yes but I'd argue growth and communication are not meaningless but toeach their own
Link: https://www.otcmarkets.com/stock/QGSI/news?id=274071
Good to see more constant news flow
Interesting - I think they've responded to pretty much every email I've sent.
I'll try to follow up with them next week if there aren't any further announcments.
I have not personally asked about that status in my correspondence with them. Would be interested if you happen to hear from them.
The email ive used in past was info@quantgatesystems.com
Looks like Pilot website has been updated recently
Good post, thanks for summarizing. I think the roll out of Stealth Pro (looks like maybe next month officially with it in Beta right now) could be huge. B3 approval would also be great.
For what it's worth, the news did make it onto Etrade so it's definitely out there in some capacity.
Sorry, I misunderstood you are correct. I did not see it when I checked earlier.
Yeah, hopefully it will get wider distribution and we will get more updates.
After Hours = 'AH'. Most of the filings on OTC appear after market closes. We'll see if this one does the same.
For whatever reason, the filings/news have always been posted AH on OTC. Will see if it happens today. Regardless, good to see distribution updates.
News - distribution agreement
https://www.newsfilecorp.com/release/63380
There was a decent amount of accumulation in the .13-17 range over the past few weeks. I think we've hit the point of those who wanted in are in and those who wanted out are out but I'm fairly sure we'll see updates here soon. It should be pretty thin up I would think if the updates come.
I think the updates to Pilot earlier this week were pretty significant as well. I wouldn't be surprised if they are waiting for after the Holiday weekend to release the new websites (was told both quantgate and pilot are being updated).
There was a decent amount of accumulation in the .13-17 range over the past few weeks. I think we've hit the point of those who wanted in are in and those who wanted out are out but I'm fairly sure we'll see updates here soon.
I think the updates to Pilot earlier this week were
No one will ever give them credit for moving quickly, but I believe them when they say a website update is coming which I assume will coincide with updates. Wouldn't be surprised if they are waiting until after Labor Day. To each their own, but I'm going to see how this plays out.
Pilot received some major updates:
Updated version number for cross compatibility.
Improved authentication with live broker accounts.
Added loading indication for better using experience.
Minor UI and tutorial content updates.
Updated subscription to match local currency and rates.
Fixed subscription related issue.
Minor bug fixes to improve user experience
Also, tweet earlier this week from Leo:
"Discipline of emotions = http://pilottrading.co
We are on the final stages for global deployment of “REAL TIME quantitative analysis of mkt participant behavior via the dynamics of the order book”. "
Agree with both of you. I am excited to see the website changes and how they begin to market pilot and stealth pro. They are starting to get more aggressive on social media/Linked In marketing the tool. I imagine that is the case behind the scenes as well. That tells me they believe in it.
I agree the next two months should be telling in the direction we're heading. Overall I like where we are and believe in the potential as there's more news and eyes on the stock.
Heard back from co. While the shares weren't addressed, it sounds like an update to both Pilot and Quantgate main websites are coming in the next week or so.
Thanks. That would be good news assuming the totals are adjusted.
Good call, that makes sense. What are the terms of the restricted shares becoming free trading - do we know?
The trading this week was very interesting as well. 280K shares traded (large relative amount vs daily average) all in big block buys seemingly behind the seens. I don't know what to make of it, but it doesn't seem like someone was dumping shares or that volume would have caused downward pressure.
I had a question answered a few weeks ago by Vladislav Gesterak via email. I sent a note to that conversation to see if he can shed any light on the OTC increase. Will provide info if I get a reply.
The fact they are restricted certainly makes me feel better and I assume they are being used for some specific purpose. Reverse Merger perhaps?
One other nugget I got from my conversation from Vladislav was that the website is undergoing construction to better reflect the product offerings. I wouldn't be shocked if that is rolled out next week.
That's definitely interesting. Unlikely POrtnoy's trading strategy would use something like that but it shows they believe in their products.
Funny week of trading here. 75K block buy at .17.
Probably nothing - but just observing the tape while waiting for updates.
Funny week of trading here. 75K block buy at .17.
Probably nothing - but just observing the tape while waiting for updates.
Nice volume today. Would love to see this push into the 20s. I don't think we're far off from news.
This is great to see - it seems like the StealthPro launch is underway. I think with financials updated, we'll start to see some other material announcements and updates.