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Reply to some private messages......
Over the last few weeks I have received some private messages regarding QGSI-related items, including my reaction/comments I made about the 2019 annual report in post #1850. I think the easiest (and most productive) thing to do is try to address a number of things here in this post.
I'm still holding my full position. Even though I may sound critical/frustrated/irritated at various things in QGSI's filings, I am probably more optimistic than ever before that I will get the kind of return on my investment that I was hoping/expecting. At the risk of having a bunch of egg on my face, I'm reasonably/pretty confident that QGSI is going to have its time in the sunshine.
Lack of press releases: I think it is generally well-known that OTC Markets can be somewhat fickle in how it treats/perceives companies that issue a lot of press releases prior to becoming current (or very close to current) with their OTC filings. It is entirely possible that QGSI was advised by its securities counsel and/or the IR firm to not get overly aggressive on the PR front, especially if it was going to take awhile to get its filings updated.
I am reasonably confident we will be seeing some nice activity on the investor relations front this year. I've mentioned this before, but I think it is worth repeating. QGSI did not issue a press release regarding the integration with Interactive Brokers (NASDAQ: IBKR). I don't know if they are planning to issue a PR about that, but if that press release is still lurking out there, it is something that can potentially spark some movement in the stock. Investors/traders sometimes love seeing small OTC companies associating with large public companies.
I would be somewhat surprised if QGSI's investor relations activity doesn't include some type of video-based presentations, conferences, webinars, etc at some point. My guess/hunch is that occasionally we will get something more than just static press releases. I don't read/speak Portuguese, but for anyone interested you can watch a Brazen Capital presentation that Leonardo Cardoso made about a week or so ago. The first person you see/hear in this video is Roger Correa (who is one of the recent new additions to the Brazen team). The words "powered by Quantgate Systems" come up on the screen around the 51:35 minute mark when Cardoso talks about robotic trading. Also kind of interesting to note that Eric Gaigher can be heard very briefly around the 56:10 minute mark......
QMDT(.01)...California Textile Group.....
BMSN(.071)...film subsidiary appoints President.....
Per yesterday's 8-K, BMSN has appointed Rob Paris as the President of its Rivulet Films subsidiary. Part of his compensation package includes 9M options at an exercise price of ten cents. Still quite a few potential catalysts to come on this stock/company. I'm still holding my position and expecting to see a break of the 20-cent level at some point......
Joe Arpaio docu-series....production/filming starts June 2......
Vladislav Gesterak...updated his LinkedIn.....
This morning's update of his LinkedIn page is the first time that Vladislav Gesterak has acknowledged his involvement with QGSI......
Eric Gaigher...added to Board of Advisors.....
It is pretty interesting to see all of the new people that are being brought on board in management positions or as advisors to the company. These people have backgrounds that include High Frequency Trading, European roadshows, capital raising, investor relations, Asian derivatives, etc. They definitely seem to be setting up QGSI to have a certain level of global presence/awareness in the fintech industry.
Although his name/bio hasn't been added to the website yet, it looks like QSGI has added Eric Gaigher to its Board of Advisors in the last couple/few days. Gaigher was closely involved in setting up and growing a proprietary trading firm in Brazil around 5+ years ago.....
https://atompar.com.br/
In 2019 he started another company revolving around business development mentoring and financial independence through trading stocks. He is a big believer that his students should not just focus on the Brazil market but expand their trading interest/activity to the US stock exchanges. In some ways, Eric Gaigher is kind of like a Brazil-version of Ross Cameron (Warrior Trading) or Timothy Sykes......
https://mindxo.com.br/
This is what he posted on his LinkedIn page yesterday regarding his involvement with Quantgate Systems......
ECGI(.325)...CEO updates his LinkedIn profile......
Might be getting a little closer to something happening here with the ECGI shell. There seems to have been a little bit more interest in the stock recently in the 30+ cent area.
Over the weekend, ECGI President/CEO Adam Sexton updated his LinkedIn profile and established a LinkedIn page for ECGI Holdings. Although he has been in control of ECGI for basically the last year or so, I think this is the first time any of his social media accounts have acknowledged his involvement with ECGI. ......
LWLW...interesting item from 2019.....
It might be worth monitoring LWLW a little bit closer in case something develops here. Whether the RM below has been actually completed or not, this information is an encouraging sign that there has been some type of activity going on behind the scenes. Some of the lower float types of shells seem to be heating up a bit more recently. LWLW has dropped down again to what I think is a pretty attractive area for entry/accumulation.
Risk/reward anywhere around this $1 area looks extremely enticing. Definitely high risk because of the filing delinquency, but the "reward" part of the equation probably makes LWLW worth taking the chance.
Periodically I like to do various Google searches on shells I own or have on my watchlist. Throughout 2019 and early 2020 nothing unusual would show up on the searches I would do on the LWLW shell. That changed about 2 weeks ago when an interesting bit of information from 2019 started appearing in my searches.
Zhejiang Longzhiyou Tourism Development Company is a Chinese company involved in the tourism industry (recreational vehicles, apps, blockchain, etc). Around mid-2019 the company registered and brought online a website focused on the app(s) the company has developed.
This is what shows up on the 2019 timeline section of that website.....
Filings...a few observations.....
1) From an overall perspective, I was a little disappointed with the filings. I was hoping to see a much more detailed look at a number of items that would be of investor interest. These filings didn't provide much-needed clarity in a number of areas.
While reading through the filings, I kept getting the sense that somebody didn't put their best effort into these. "Sloppy work" and "rushed" are terms that probably best describe what I think.
But I guess these filings are better than nothing, and we will just have to work with what they give us.
2) This is an excerpt from post #1640.....
Markman Biologics...May 6 press release......
Alan Shinderman put out a Markman Biologics press release yesterday. Although there has not yet been any confirmation of the RM with Markman on the OTC Markets profile (other than the Markman website appearing there), this press release probably makes it highly likely that Markman Biologics will indeed be the new company/direction......
Post-RS trading, Brazen webinar on May 8......
1) Post-RS trading: It is kind of interesting how the reverse split seemed to change the selling pressure the stock had been experiencing at times over the last part of 2019 and the first part of 2020. Today was the tenth trading day since the split, and so far all those extremely large blocks of shares that would regularly make an appearance on the ask side seem to have vanished.
Should be interesting to see over the next few weeks if this is just a temporary change in the selling pressure, or if that reverse split marked a significant change in the tide/sentiment.
2) Brazen Capital webinar: It looks like Leonardo Cardoso is planning to do a webinar for his Brazen Capital firm on May 8......
https://www.brazencap.com/event-details/quarterly-global-market-webinar
ICCO(.014)...Securities Counsel added to profile.....
I picked up a few more shares this morning. Risk/reward at this price level looks pretty interesting/attractive to me. In November 2019, ICCO added a new accounting/audit firm to its OTC Profile (Assurance Dimensions). Now the company has added a Securities Counsel (Crowdcheck Law LLP).
I'm still holding my position in ICCO's sister stock as well (MRDH). That stock has quietly moved up to the 5-cent level here recently.
Both stocks are relatively under-followed, and both stocks have shown the ability to make pretty explosive/wild moves. The addition of a securities counsel for ICCO seems to provide further evidence that "something" is going on with these stocks/companies.
PRFCD...reverse split......
It was very nice to see the name change get officially completed/cleared through FINRA. One less thing to worry about, and gives somewhat more of a clear/fresh pathway moving forward for the company.
I agree with zenvesting's comments regarding the reverse split and its aesthetic benefits. Perception can open and shut doors in both the business and investment community worlds.
I like this reverse split because it should make it much easier for the company to make some moves. Assuming the company did not reduce the authorized share count, this reverse split should give QuantGate significantly more flexibility if they are looking to do any financings or strategic acquisitions.
Traderfan...3.45M float......
BMSND(.09)...Rivulet Media, press release.....
For some reason the 8-K for the reverse merger agreement of Rivulet Films and BMSND has shown up under another stock symbol/company. This will probably get resolved/fixed before too long I would imagine. The new name of the company will be Rivulet Media. Overall, I like what I see from the structure of this reverse merger, and think it has a reasonably good chance of making a move above the 20-cent area.
Post reverse merger structure:
1) 90M shares outstanding
2) Legacy shareholders retain 3.8+% ownership of the RM (about 3.45M shares)
This is the press release that was issued.....
BMSND(.03)...finished accumulating position....
BMSND(.05)...change in control expected......
Picked up some shares of BMSND at .05 today. According to the SC 14F1 filed on March 23, a share purchase agreement was expected to be completed today (March 31) to transfer control of BMSND. The two new officers/directors are expected to be appointed on April 2.
7.8M shares outstanding
4.36M shares controlled by new management
3.45 float
Market cap under $400K
I figure it should have a reasonably good chance at seeing minimum prices in the 10-20 cent area. The post reverse split structure/valuation here looks pretty good. Valuation of the shell's legacy shares would still be under $1.2M at the 15-cent level.
Aaron Klusman (CEO) and Mike Witherill (President) are the two guys on the far left of this picture.....
https://www.gettyimages.com/detail/news-photo/executive-producer-aaron-klusman-producer-mike-witherill-news-photo/1143174021
Klusman's LinkedIn profile.....
https://www.linkedin.com/in/aaron-klusman-a7238019/
This is an interview Klusman did in mid-2018.......
Traderfan...position, a few items, etc......
QMDT(.07)...CEO interview, March 20.....
QMDT(.007)...possible coronavirus play.....
I accumulated a sub-penny position in dark QMDT during 2019 for reasons unrelated to the current viral outbreak (see an explanation below). But I think there is a decent chance that QMDT will eventually attract attention from investors looking for fresh, obscure, or under-the-radar types of antimicrobial plays.
I don't know what the current share structure or debt situation is like for QMDT. But just based on my own experience in trying to accumulate a position in this stock, it wouldn't surprise me to see an extremely nice (and potentially explosive) move in the share price if any significant/sustained volume came into the stock.
Original reason why I took a position: I had QMDT on my watchlist because of the spike in price it experienced several years ago based on some issued patents. By monitoring QMDT's trademark activity, I noticed the company was rebranding its Stay Fresh antimicrobial technology (it is now called Oxi-Tex), so I started to follow the company a little more closely.
QMDT's CEO did two interviews with The Wall Street Transcript in 2019 (I think one was in March and the other was in October, if I recall correctly). I never purchased any of the interviews since TWST doesn't have a secured website for credit cards, so I don't know if there was any pertinent/useful info in those interviews.
In May 2019, the Small Business Technology Council featured QMDT in one of its SBIR success story reports (page 78). That was an interesting feature because it mentions a previously undisclosed license agreement that QMDT had with Phillips Van Heusen (NYSE: PVH)......
AERS(.0055)...possible RM with Markman Biologics......
mkt_predictor...status of my position.....
PRFC...regarding my position.....
I have received a couple of private messages asking me about the status of my position. I have not sold any of my PRFC position yet. I added 200K shares in December around the 2-cent area. Currently holding a little under 5.5M shares at an average under .0057 per share.
While anything can (and usually does) happen in the OTC (both positive and negative), I like the potential for a pretty nice move in the share price during 2020. From my perspective, PRFC has some of the characteristics/aspects that I have seen in some other OTC stocks that rewarded the early investors.
The float is large enough that it has allowed individual/group investors ample opportunities to acquire/build sizable positions before the upcoming possible catalysts hit. The new management/people that have come on board the company and the hiring of an investor relations/marketing firm are all very encouraging moves.
CNGI(.11)...finished accumulating a position.....
Picked up 14K shares at .11 today to finish accumulating a position in the CNGI shell. The outstanding share count was verified on the OTC Markets profile last Wednesday, which is the first time in a number of years. The update showed no change in the share count, so I view that as a potentially encouraging sign.
https://www.otcmarkets.com/stock/cngi/profile
Big Brother...increased my CNGI position this week.....
I added another 49K to my position this week in the .07-.075 range. It increased my overall average cost basis quite a bit, but I really like the potential risk/reward on the CNGI shell at prices under 10 cents. Currently holding 259K shares at an average under .0236 per share.
It is definitely high-risk (like most shells or reverse mergers) until more information regarding the shell's status becomes available. But I think there is a decent chance that the CNGI shell is relatively clean, and it certainly "feels" like the share structure is reasonably low/tight.
I have no idea if CNGI is now connected (either directly or indirectly) with Huayingbao Group, but if it is I think this has the potential to get pretty interesting. It is possible that Huayingbao could use the CNGI shell to go public if they decide not to use the KICK shell. Or the CNGI shell could be use to bring one of Huayingbao's companies/clients public.
HYB Cuisine is a new restaurant chain established in 2019 that Huayingbao is involved with. Based on the development plan timeline provided on the HYB Cuisine website, it appears that Huayingbao Group intends to go public via a reverse merger sometime in Q4 2020. HYB Cuisine would get spun-off sometime in Q3 2022......
GFF Brokers...yesterday's press release.....
CNGI(.07)...accumulated a position.....
Interactive Brokers now integrated.....
Brokerage integration update, Cardoso videos.....
Brokerage integration update:
ANAS(.012)...risk/reward looks extremely attractive.....
Accumulated a large position in this shell prior to Lazar filing for custodianship (1.1+M shares at an average of .00484). Depending on what type of fundamental/structural condition the previous management left the shell in, there could be some extremely nice potential here.
The legacy share valuations on many of the Lazar custodianship shells are reaching multi-million dollar levels. So if the ANAS share structure is anywhere close to the last reported number (22+M shares outstanding), there is a pretty decent chance that this shell could see prices somewhere in the 10-20 cent area.
For whatever reason this particular stock seems to get mostly ignored by many shell investors. I don't know if all the jokes associated with the symbol make people a little leery, or if there is an unknown (as of now) fundamental/structural aspect of this shell that makes it less attractive.
Based on all available information at the moment, I think the risk/reward at these prices under 2 cents looks exceptional.
stock1ace1...broker integrations...Questrade......
Leonardo Cardoso...social media announcement.....
About one hour ago, Leonardo Cardoso (the new PRFC CEO), announced his new position on some of his social media accounts.....
https://twitter.com/leocardoso
From his LinkedIn account.....
ICCO/MRDH...updated information/thoughts on these two stocks.....
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152415775
ICCO(.0171)...OTC profile updated, new audit firm.....
The OTC profiles for ICCO and its sister stock MRDH have been updated. The ICCO update includes a new accounting firm. I think things are going to get pretty interesting for ICCO/MRDH since it does now look like the chances of seeing ICCO and/or MRDH regaining current status has just significantly increased.
Assurance Dimensions (the new accounting/audit firm) currently has 12 clients. ICCO is the only one that does not have a status of "pink current" or OTCQB.
Additional information/thoughts I posted on another board.....
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152065881
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152151320
Michel Lebeuf...Chief Legal Officer, secretary.....
The press/media section of the website went active today. Includes last week's press release announcing the appointment of Michel Lebeuf as the new corporate secretary and Chief Legal officer.....
https://quantgatesystems.com/press.html
https://www.linkedin.com/in/michel-jr-lebeuf-26204b37/
PRFC(.0101)...Quantgate Systems website is now active......
AERS(.0082)...increased my position.....
Added another 300K shares at .0082 to my position in the AERS quasi-shell. My hunch is that the supply of shares in the sub-penny level will probably dry up pretty quickly when additional filings/updates occur. I'm expecting to see a return of former CEO Harold Rounds, and semi-expecting to see a significant change in business direction.....
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152130794
Traderfan...ICCO.....
PRFC(.0042)...increased my position.....
AERS(.0053)...accumulated a position.....
Finished accumulating a 1.2+M position in AERS over the last two days at an average under .00485 per share. From an overall fundamental/structural standpoint AERS is not a particularly attractive shell (or quasi-shell). Probably some risk of some type of reorganization (reverse split) at some point, but that is just a guess on my part.
Should be some potential catalysts approaching reasonably soon, and it doesn't appear that many investors are aware of them yet. It appears that a new/former CEO has taken over the company again. Based on the employment timing of the new CEO and his registration of a new website, my guess/hunch is that there will be a change in business direction.
The LinkedIn profile page for former AERS CEO Harold Rounds says he has been the CEO of Aerius International since October 2019......
https://www.linkedin.com/in/harold-rounds-7325ba105/
Harold Rounds registered a website for Sunyani Energy on August 10, 2019.......
https://domainbigdata.com/nj/1YxUofvmNrBM1210BHBDOg
The website for Sunyani went semi-active this morning. It is still under development, but it gives you a description of the business......