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Well, didn’t have to wait long to find out on that one.
I’m interested to see if we get anymore large blocks the next couple of days or if they’re done. Per the last os update, the os only had another 100m left before they would need to refill the os again, and I think those were taken care of last week.
That, along with last weeks 8k, could we be coming to the end?
True.
I’m hoping that, with last weeks 8k, and the date inconsistencies, that we’d be getting another one sooner rather than later. They obviously have deals going on in the background and I’d think they’d need to start reporting on some of it fairly soon. I still maintain that they are being as quiet as possible, until the last minute, before they make any sort of announcements. And even then it will be done through a filing.
Agreed.
And today’s volume just goes to show that most of the volume we see daily is not from retail but from whatever transactions are happening in the background. Without that, we really have very little volume.
Even though we have a large os, and depending on what this entity is going to do with their shares, we could essentially have a very tight float.
You mention trading in the pennies. Back right before they shut down, they were trading in the $.20 range. I’m not saying that’s were we’re heading back to, because the situation is different now, but I think it shows that there is some serious upside from here once you factor in:
- relatively little to no debt
- ~2-2.5b os
- assets in vivk
- possible RM or acquisition
It all depends on where each of these factors end up in the end, and unless they suddenly file for bk or something, I still feel good that we’ll be trading higher than where we’re at today.
Been thinking about the trades from our 500+m day Thursday and I’m not sure where the majority of the volume came from. While there were no huge blocks going through, I did see a large amount of shares timed a minute or two before opening. Wish I would have taken a screenshot. I’m sure there also was some turnover from previous shareholders getting out and some new ones coming in, alerted by the volume. And unlike previous high volume days, our accumulation went up this time.
I know we got an 8k the night before, but it wasn’t necessarily that great, so why the sudden, record interest?
All very curious, more enigma, puzzle, riddle.
We’ve been looking for one for months and I’m open to your thoughts.
On the bright side, the last two days of volume has taken the A/D line to new highs. Seems like major accumulation happening again.
I think you’re right. Bought more 2s yesterday myself.
Perfect timing, a couple of those blocks just went through @ 1.
Open order for 1s and not a nibble yet.
I agree, some very good points, especially about Kevin.
Yep, that’s why I have my doubts about that debt being paid off yet. I do think they probably took off another chunk earlier on when we were trading in the teens though, and perhaps more along the way.
It also appears to me that QSI and Livingston have some sort of agreement outside of the settlement agreement. Why else would they wait until around March of this year to begin conversions when the court order was from 2017? Could they also be waiting until QSIM is trading higher? I assume Livingston wants their money, and selling shares @ .0002 doesn’t seem to be an efficient or productive way of doing that, for them or the company.
All of those large block and cross trades we’ve seen almost daily for months were for something, and those shares were being transferred to someone. Who, what, how, and why?
Funny, we get a new 8k a couple of days ago, and while it’s nice to see some sort of progress, it also raises more questions about the state of where we are exactly.
I don’t disagree. We’ll have to see where they’re at when the time comes. If the $421k is their only debt...and if they have assets...what the final ss looks like...
Having known some of the people behind the scenes in the past, my bet is that, yes, whatever they’re doing now, part of it is to get out of this otc hell hole. But with that comes the very real possibility of a RS.
I can’t speak for Matt, but all the others I have known were not your typical penny stock players, they’re legit and very professional.
Dr. Carpenter, he was a very interesting person to talk with and had some great stories.
Yes, that is a good place to be, wish I was a bit closer to the 2s with my average.
One more thought on all of this: it’s been obvious that they have been diluting to pay for something, and the recent 8k shows that to be accurate. The agreement is from August last year, and it looks like not much happened until March of this year, so some sort of agreement was made outside of the court as to when and how they were going to convert. And per the settlement agreement, Livingston is not able to have more than 10% of QSI outstanding shares at any given time. So, it seems that in order to pay the $421k debt with shares, it would need to be done over time or the OS would need to swell to a point where Livingston would have enough shares to convert.
Again, not all of those large block trades the past few months went into retail’s hands, they were being negotiated and traded behind the scenes. So, where did all those shares go?
My speculation: management have assets at their disposal and are using this opportunity to pay their debt with shares and then are buying those shares back at a lower price- if they have the money, it’d be a cheap way to kill two birds. My thinking is that when all is said and done, they would be debt free and would have a more reasonable ss to implement their next phase.
Not sure how reasonable this scenario is or not but just trying to make sense of all the various pieces of the puzzle.
I don’t know what the exact rules are on this but in their last filing in 2017 QSI did raise the AS and said that they would need to convert shares to cover debts. They have also updated OTC twice since going dark, so not sure if either of those count for letting the public know. Otherwise, yes, seems a bit like a scam that they would be able to do that without being fully transparent.
Sorry, ihub cut me off yesterday, not sure how many posts I have left for today.
One thing that I would add to your list is that the majority of the volume we’ve had the past few months has been large block trades of between 20-50m shares, sometimes multiples per day, that were being traded between two non-retail entities. And, if you look at the A/D you can see that it has been slowly climbing up, so it appears that the stock is being accumulated.
Not sure where all the volume yesterday came from or where it all went, but I hope this thing is coming to a conclusion soon.
Possibly, would be nice.
Btw, I see your last post about the SEC reporting just disappeared. Were you saying that they cannot dilute unless they’re reporting, and that the mms know that?
You might be able to contact Kevin or Matt through LinkedIn, otherwise I don’t think their listed email or phone numbers work anymore.
They updated the OS last week to 1.9B, up from 900M a couple months earlier. Before then it was around 400M
Yeah, the way the 8k was written is a bit confusing, hard to tell which date they’re referring to. The March date would kind of make sense, since there was a stipulation in the agreement that prohibited QSIM from using shares for any other debt for 120 days once the conversion started. So, they’ve either already started, already completed, or are holding off on the conversion.
Hope you can figure out what all the volume has been about the past few months. They’ve added over 1B shares to the os, and per the 8k last night, it wasn’t to pay their debt. So, would love to know who’s been buying all those shares and what they’re being used for.
Yep, and if you go back further you will also see that QSIM should have 11.25m shares of VIVK, with a royalty agreement. Matt Nicosia is the CEO of VIVK, and he set up VivaSphere to manage the QSI assets.
Like I said last night, they didn’t file for bk, so there must be a bigger plan in play.
Thanks, been here a couple of years now.
I think you’re right, the latest 8k being delayed does tell us something, and it’s inline with their previous filings stating what their plan is.
And even though they still have debt, I believe they also have a greater amount of assets.
I’ve had my suspicions the past couple of months, I hope it turns out to be correct. If so, this still has the potential of being huge.
Interesting, thanks.
As I’ve been saying, someone is trying to keep the ss as low as possible.
I see we’re back to where we’ve been the past few weeks with the same volume on the bid @ 1. Still think those 1s are going to hit before anything else happens here.
Thanks. What are the continual 37,500 share trades @ .00015 we see?
it was @ .000192
It’s been a year since the settlement agreement, I’m sure there’s some reason why they haven’t converted yet. Perhaps an agreement with the company?
I think the 1s are coming back
Not the news I’m waiting on but that’s definitely good to see.
And why hasn’t more than $18.5k been converted in the last year? And why was a major portion of the debt only cleared in March of this year?
I went back and reread the actual agreement and there are a number of paragraphs that do not look good. I was wrong, looks like this is a toxic financing situation. These are the guys: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139298012
Even with this though, things still do not add up and there are still many questions. One is, where are they in this process of selling these shares? There are a few dates in the filing and it’s confusing as to when the selling would have started. They also say only $18k/450k has been converted as of the filing date. And, then, it wasn’t filed until today, for some reason. Not sure what to make of it all. Is this old news or something going on right now?
Again, someone has been buying up these large blocks, and there’s no way retail have absorbed all of them.
Either way, I think someone/group is accumulating a large volume of shares at the lowest prices. They’re either toxic financing, and they want it to go to zero, or someone wants as many shares as possible before the real news hits. And, I believe that between Matt, Kevin, VIVK, etc., they don’t have the need to go down the toxic financing route.
Please, keep talking then
It is going to be interesting to see if we start seeing more frequent filings or not. I wonder if there’s more backlogged stuff we’ll begin to see.
One more upside I can think of, they didn’t file for bk, they’re working through everything. Which to me means they’re working towards something.
Upside is that it’s another update and that they are clearing their debt. Also, they’re doing exactly what they have stated they were going to do in past filings.
Question is, how much more debt is there to go?
Just read it. Not sure why it was filed today- the settlement is from 2018 w/ another settlement from a few months ago.
Didn’t exactly give me the warm fuzzies. Basically, QSIM is required to dilute as many shares as needed to pay off this debt, no matter what the ss price is.
Could explain a lot of those large blocks we’ve been seeing, but does not explain who’s been buying them, for the most part it has not been retail. More and more it looks to me like insiders are using QSIM shares to pay off debt, but are then buying them back lower. Hence, the reason for the continuous pressure to move the ss down.
Have no idea if this is accurate or not, but if correct, could be huge if they end up debt free and they have some assets to their name.
I’m curious if we’re going to see any more large blocks going through or not. Based on the volume yesterday, they probably have maxed out their current OS @1.9b shares. Nothing preventing them from increasing it but it looks better at below 2b.
Yeah, they have some sort of stock promo going on right now, and just announced their big acquisition. And, they’re in the process of uplisting. Probably not a bad thing to have 12m of their stock right now.
I’m feeling fairly confident that we somehow fit into everything that’s going on over there. It’s going to be interesting to see how it all plays out.
Still have an open order for 1s.
I see the A/D line is back up again and finally back to positive on the CMF.
We get some news and this could really pop.
Not sure if we need to churn the remaining 1s first, though.