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I recently purchased 8 million shares. That's enough for me at this risk level. I've stated this in several posts.
A question was asked and I gave my thoughts.
And again, I like the potential here.
Including today, appx 800 million shares have changed hands since Mar 1st. A lot of that is flipping but a large number of shares are holding. Hundreds of millions of shares were bought at much higher levels than today's price.
It goes into the guesswork of how many shares are actually in issue. There seems to be a plentiful supply.
I wish QSIM would have gone to the OTC Pink disclosure model like they eluded to in their last 2017 filings. I learned about this non-SEC filing structure thanks to Sham1002. It would give much more clarity on the status.
I still like it even with the potential drawbacks.
The item quoted below that you referenced appears to be the original $2.5 million preferred stock purchase by VIVK of QSIM assets we all know about and I referenced in the prior post. Thank you again for the link. Good information.
VIVAKOR, INC.- QUARTERLY REPORT- FOR THE QUARTER ENDED SEPTEMBER 30, 2018
https://backend.otcmarkets.com/otcapi/company/financial-report/208100/content
"On September 5, 2017, the Company issued 11,250,000 shares of Series C-1 Preferred Stock related to the purchase of intellectual property, including the patents and technology relating to ammonia synthesis, FeNix coating, and other patents relating to nano-particle application. The Company also purchased a license to use a Nano Sponge technology" Page #17
Did you read the section under "Going Concern" on page #19 of this quarterly statement? I'm not going to post it here because I don't want to "bash" and I don't personally believe it has an impact on the potential I like in QSIM related to Xeeda.
No, I didn't work for them. I was an early investor in 2011 before they went public in 2015. I knew the man behind the process, Dr. Doug Carpenter and Kevin Maloney, the then and current CEO.
Since you asked, this is my take on it in a nutshell. i believe it has a lot of potential.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147418867
VIVK doesn't seem to make SEC filings any longer so didn't show up where I was looking. Am I wrong? Serious question.
Again, thanks for the link. QSIM is the only OTC Pink stock I follow and only because of my history with the company.
Thanks for the link. It's much appreciated. I'll read through all of them. I look forward to feeling even better about QSIM than already do.
The truth has no agenda. I'm not bashing. I like this stock even with the facts.
Interesting. Can you post a link? The latest 10Q I see from VIVK is from 2010. A recent one doesn't seem to be on Ihub or Market watch.
Sounds plausible. I hope you're right.
I never said this is a bad stock. I very much like the prospects here and have stated so many times.
Interesting opinion you have but you're wrong in my case. I prefer the truth especially in business.
Address facts or even my suppositions but please don't assail my character or motives. I'm up front and transparent always.
Transparent does not mean without mistakes. I like honest debate and I'm always receptive to counter arguments.
They only received $2.5 million in VIVK preferred/restricted stock. The stock, if they still have it, is convertible to Common shares at 25% per year.
And this is against $5 million in liabilities.
No one can site a "shares in issue" number larger than 205 million because that was the last number QSIM disclosed in their final 10Q and that was more than a year and a half ago. Also before they shut down and started retiring debt with stock. They had more than $5 million in liabilities in their last 10Q. Their last audit for the 10Q was more than $20,000 and it was paid for in stock. It's all in the filings so don't tell me I'm making things up. It's in black and white.
I've been beat up a bit for having an opinion that the shares in issue is closer to a Billion or more. I still believe this based on the volume over the last 10 trading days and the seemingly inexhaustible supply of shares.
I'm not "bashing" I'm stating facts and my honest opinion of what's not in facts. I own this stock and purchased 8 million shares recently because I believe there is a lot of upside to the risk as I've laid out in recent posts.
I wish everyone as well as myself good luck with this.
I can see why you would think that but Not really the case, before they went public, there was no real secondary market. I could only sell to another qualified investor. Not easy for a company not making any money.
After they went public, I was restricted for the first 6 months so couldn't sell. By the time I could, it had already dropped to a dollar (half my investment) Hoped it would go back up but fell off a cliff 6 months after that. I'd lost so much that it made more sense to hold on than lock in the loss.
It just kept going down to the point it wasn't worth the broker fee to sell. At .001 it's $5 for those 5000 shares from a $10,000 original investment.
Opinion: Looks like a fantastic product. That's why I'm pushing the line that this is potentially a real opportunity with high quality and ethical management in Kevin Maloney.
I've known Kevin personally and he is the real deal. He works his ass off to deliver results. I've been down on QSIM (really the pumpers) but never on Kevin. I've never seen anything from him that was misleading. There are no guarantees in life but with Kevin at the helm right now, I feel really good about QSIM for the first time in a while. I'd love to get in touch with Kevin but don't want to learn anything "inside" that would keep me from investing in this.
I really hope he brings Xeeda into QSIM for all involved. It seems to make a lot of sense. I'm excited and anticipating some good news sooner rather than later.
Opinion: Matt Nicosia did not get put on the board of QSIM for no reason. Something is brewing and it could be very big.
Fact: Matt Nicosia's company VIVK owns all of the assets including key patents QSIM sold Sep of 2017.
Opinion: Matt possibly could be making the tech available to QSIM again for some deal. Could put QSIM back in the Catalyst or at least the nano metal business. I currently don't think this is it because Kevin seems to be focusing his efforts on other businesses but is one avenue.
Fact: Kevin Maloney is CEO of Xeeda. A hardware wallet for digital currency and also CEO of Quantumsphere (QSIM).
Opinion: Kevin could easily put Xeeda into QSIM to take it public. Xeeda's product is about to launch and could be very big. Xeeda has been using a crowdfunding campaign to raise capital. I'm sure they have other investors as well. Taking Xeeda public could give them the needed capital to take the concept to the next level. Since Kevin already controls "the shell" of QSIM, a merger could be done quickly and relatively inexpensively and create a secondary market for investors in Xeeda. This is the avenue I personally think it's taking. Just my opinion.
Link to product pitch for Xeeda featuring Kevin Maloney. Kevin answers some questions in the comment area below the video.
Yes, just over 3 years ago. It was going along in the $2 range until Jan 2016. Within a couple of weeks it dropped to a dollar. It struggled around there until June of 16 and then dropped down to pennies and hit sub penny territory in Feb of 2017 not looking back.
It's really too bad. The technology was very promising. It just didn't get adopted by the ammonia industry though they had a couple of good tests in China and a marketing agreement with Casale. Not to mention a great team.
They had some promise with nano nickle to replace platinum in rechargeable batteries and fuel cells but it never went anywhere.
They never sold anything other than nano metal samples for research in the 10s of thousands of dollars. All of their money was raised from investors. They burned through about 43 million. Not an exact number but in that neighborhood.
Thank you. The RS idea is pure speculation on my part. I hope I made that clear. That being said, other than what I posted before, I get my conjecture about a Reverse Split from this...
I was a private placement investor in 2011. $10K at $1 a share. Gregory Hrncir managed QSIM's RM to go public. Just before they pulled the trigger on the RM, Gregory had Quantumsphere do a RS 2 for 1 so then I had 5000 shares at $2 per. After the RM, QSIM went above $3 for a bit then crashed pretty hard to bring us to today. I still have those 5000 shares worth a few pennies now.
Gegory Hrncir is advising Kevin in Xeeda now (on Xeeda website). 5 billion shares is far more than Quantumsphere (QSIM) had when Gregory pushed for the RS the first time so I don't see it a stretch for him to push for it again. To make it clear, this is conjecture on my part for all or none to accept or not, just following the logic and sharing.
As for me saying QSIM didn't run? I don't know when or why I would say that but let me be clear, a run is a run just like a tree is a tree. It's run several times since QSIM closed up shop and sold their assets. Each one was a pump and dump though on, IMO, misleading information.
This current scenario is the best shot I've seen since then and to me, looks legitimately good enough on it's own. There's no need for promoting outdated or false information. I hesitate correcting anyone's facts without providing supporting information. I"m personalty pretty excited at the prospects for QSIM this time. It may go nowhere but I like the odds for success.
Xeeda Website listing the current players
https://www.xeeda.io/about-us/
Looking forward to it! Let's all make a lot of money.
Did you not read my response to you? Follow the youtube link and you'll find a pitch for the Xeeda product and in the comments Kevin says the Xeeda wallet should launch in the spring.
Remaining Debt is "Debt" Nothing to correct
for your 2nd point, I did not say they are acquiring Xeeda, my post actually read as re-posted below... again, nothing for me to correct but happy to provide a correction on your post. If you follow the youtube link, you will see a pitch for the Xeeda product and in the comments Keven says the product should launch in the spring.
"It would be a simple matter it seems for QSIM to "acquire" Xeeda to take it public. Kevin is a principle for both entities. The product is not ready yet but will be soon. They say in the spring. IMO it would be accompanied by a massive reverse split of QSIM stock. 5 Billion shares is way to big for a new offering. Matt from VIVK is a long time friend of Kevin's so not a huge surprise he joined the board and IMO points to something cooking and soon.
If it is a merger with Xeeda then you may find the following info interesting. It looks like an exciting product.
http://www.buzzfile.com/business/Xeeda-Inc.-949-923-0553
https://trademarks.justia.com/877/20/xeeda-87720263.html
I bought 5 Million at 5 and another 3 at 6. I'm holding for now because I think a real thing is happening here again.
My original shares I'm in at $2. 10k worth.
I want it to keep going on it's merits and not a pump and dump. Bad info gives the impression that's what is happening and it's not good for the long run.
I cheer for everyone to make a lot of money from QSIM. Even you.
I believe there's a lot of potential here. Kevin is not the kind of guy to jump in and drive a stock up by manipulating the facts. I've never seen him be anything but honest and he is in everything for the long term and for solid business reasons.
The recent developments are very positive from my viewpoint and it doesn't help to put out false and misleading information. It can stand on it's own.
Baseless accusations and name calling does not concern me.
Name calling? Why not refute my logic or facts?
I do correct false and misleading information from others and I back it up with facts and logic. I'm not negative on QSIM. I think the current scenario has a lot of potential.
I was an investor even before they went public. Although I don't speak with them any longer, I personally know Kevin and Dr. Carpenter that founded the company and toured the business several times when they were operating.
I'm not a casual observer. I have read every word of every filling and I don't make personal attacks.
Please point out anything I've posted that is false and I will retract it myself. I've only posted facts and honest opinions.
Bring the evidence if you're going to level a charge.
My DD on the story so far...It's not negative. Kevin was the only board member of QSIM before Monday. When the company was operating, he had a world class Science and Business team. Some of them are still with him on other projects. Kevin is a strong leader and did good things for QSIM. The tech just wasn't adopted by the industry and they ran out of money. I don't personally see this as having anything to do with the Nano tech developed by QSIM.
When QSIM sold their assets to VIVK, they did receive $2.5 Million in Preferred VIVK stock but it was restricted and can only convert to common stock at a trickle. Also, they had note holders at the time and the stock may have logically gone to them to pay off debt. The board gave the note holders a voting majority in QSIM so they could do what they wanted with the VIVK stock. Nothing I've seen points to QSIM having any cash in their war chest. The recent 8K states they have debt to restructure.
Kevin kept up the fillings for QSIM as long as he could and put a lot of his own money in at the end. Looked like he wanted to do everything the right way when it would have been easy to walk away. it points to Kevin as having integrity.
It would be a simple matter it seems for QSIM to "acquire" Xeeda to take it public. Kevin is a principle for both entities. The product is not ready yet but will be soon. They say in the spring. IMO it would be accompanied by a massive reverse split of QSIM stock. 5 Billion shares is way to big for a new offering. Matt from VIVK is a long time friend of Kevin's so not a huge surprise he joined the board and IMO points to something cooking and soon.
If it is a merger with Xeeda then you may find the following info interesting. It looks like an exciting product.
http://www.buzzfile.com/business/Xeeda-Inc.-949-923-0553
https://trademarks.justia.com/877/20/xeeda-87720263.html
Wrong, 5 billion shares authorized, right on Nevada Secretary of State.
https://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=9I%252fV4ExtrBm92d2iOmjM1w%253d%253d&nt7=0
5 Billion shares authorized on 3/14/18
https://www.nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=9I%252fV4ExtrBm92d2iOmjM1w%253d%253d&CorpName=QUANTUMSPHERE%2c+INC.
With this volume, you really think Shares in issue is only 205 million? That number has not been updated for over a year and a half.
There's enough good and solid potential here. No need to bring in this outdated and irrelevant info. It casts a shadow QSIM doesn't deserve.
This sounds plausible and exciting. better than some of the other stuff that's been put out today. QSIM has a good potential story here. i wish the loony tunes stuff would go away. It's not necessary to aid in the legitimate run.
Did you call the number?
He who laughs last, laughs best. GLTA
What does this have to do with QSIM?
Serious question.
So much for the "only 205 million shares in issue" line.
With this kind of Volume, not only today but this week, I can't see it less than a billion.
I agree, could signal something very good. This has the potential for a nice clean run with real possibilities. Bad or misleading info sets off scam warnings and spook investors.
Only $2.5 Million in stock was given. Read the 8K again.
Another 2.5 million shares contingent on VIVK selling Fenix, it didn't happen. The first 2.5 Mil in shares may have gone to note holders. Why wouldn't they pay themselves? They have control of the company.
They had a lot debt when they executed the Sep 2017 sale if IP and assets and note holders (Debt) were given control of the company. Even the current 8K states he is being brought on to "restructure the debt"
They had no money to execute the 11 mil in warrants so I doubt if they did. their last 10Q stated they had $2,000 in cash and $5 million in liabilities.
No royalties because nothing was sold. They never sold one dime of the product the royalties would come from even at the top of their game.
Keep things honest.
Could be setting up for a RM or maybe making a deal with assets owned by VIVK. Nothing points to a cash rich entity in QSIM. They paid for their last audit in stock because they had no cash.
QSIM in Default with NV Sec of State.
When this is corrected, Officers, address, registered agent reestablished, it will be a positive sign.
QSIM was left with 8 patents that never showed commercial value. VIVK purchased all QSIM assets, not just IP.
Matt Nicosia's company VIVK owns all of the assets QSIM sold a year and a half ago so possibly could be making it available to QSIM again for some deal.
Could put QSIM back in the Catalyst business. Just following logic.
Raised to 5 billion AS more than a year ago. Nothing to stop them from issuing every one of them.