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The last run was over a 4 day period and traded closer to a billion shares with daily volume at peek north of 350 million.
Statistically unlikely that a number equaling every share outstanding would trade 5 times in a 4 day period.
believe what you want about the stated 205 million O/S number but doesn't add up for me.
They approved an increase to 5 Billion Available shares but doesn't look like they ever made the increase according to NV SS
Agreed, very positive possible paths for QSIM that you've put forth in this post and others in more detail.
Unnecessary and counter productive to post outdated and misleading DD when there is real upside to the company's prospects.
It only serves to cast doubt on good and current DD that you have stated.
Not likely to see a 10Q going forward. They stated in their recent fillings that they would be going on the alternate reporting schedule allowed by the FEC
QSIM owns NONE of the IP or R&D you posted here. It was all sold early September along with the production capabilities.
Relationship agreement with Casale was also sold/traded at the same time, all for restricted preferred stock in another penny stock.. No money in the transaction.
enormousness "excitement" about how the recent oil well purchase by VIVK is so fantastic that it will bleed over to QSIM and make their stock rocket.
Little or no feeling about that here on this board or in VIVK's stock trading. If someone has a logical explanation on that, it would be welcomed.
I understand the patents and the entire process very well. The product FEnix is for use in catalysts applications. Royalties are paid on that product only in their sales agreement with VIVK
Nano particles are being researched for the enhancement of the drilling process so you have a valid point. I'll concede to that. It's new so maybe some of the patents QSIM still owns may apply.
I don't have a problem where there's no problem. It sounds viable on the surface.
WRONG WRONG WRONG, the patents are not for drilling oil wells. They are for making nano-metals in relation to catalysts in producing chemicals.
QSIM has never had any products for the drilling industry.
Stack and scoop has nothing to do with QSIM other than they own some stock in VIVK
QSIM has a $2.5 million equity possession in a 111 million market cap company.
SMH...
How am I wrong specifically ?
QSIM did not buy any oil wells according to the news. It only concerns VIVK and other companies.
News in Sticky has nothing to do with QSIM other than QSIM owns 2.5 million in VIVK preferred stock from the sale of core assets.
QSIM did not buy any oil wells. There is nothing published that says QSIM would benefit from this news any more than if you invested in VIVK yourself.
In the sticky it says VIVK made the investment, completely unrelated to QSIM.
Since 2011, I've been an investor and following this company.. new here? Not quite.
I have known the CEO and the other co-founder personally. I don't agree it was a scam company. It just didn't pan out. It happens.
I'm sorry you don't like someone pointing out either ignorance or attempts to mislead. That is typically the only time you'll hear from me.
Thank you for reading my prior posts. I agree that they speak for themselves
Thank you for your suggestion but I will move on when I'm ready as I would expect of you.
I don't have a problem if you or anyone wants to buy a fake Rolex watch... as long as you know it's fake.. (Rolex might care)
No one on this board should object to accurate info and also opinion based on current QSIM DD
ZERO sales of any product other than for research -- EVER
Company lifetime sales of nano metals for academic research in only the 10's of thousands over more than 15 years while spending over 35 million.
QSIM has nothing to sell today other than remaining IP that has never been linked to a marketable product by them.
Company was gutted as reported in the Sept 8th 8K
QSIM NO LONGER IN CATALYST BUSINESS FOR AMMONIA OR ANY OTHER CHEMICAL
This Video does not apply to QSIM as of Sept 8th.
SOLD - 2 Patents that cover this process
SOLD - Sales & development agreements with their Global Partner Casale
SOLD - All reactors and manufacturing equipment
SOLD - All stock of Nano Metals
SOLD - All R and D equipment
GONE - All science, research, and technical staff
The only times it has had any real volume since March is during debt conversions.
I was expecting at least one more round but the sale of IP and assets on September 8th may have satisfied much of the defaulted debt which was a little more than a million dollars.
The next big thing that will be promoted may be the nano nickel to replace platinum in batteries. I don't know what happened to that approach. I think they still have the patent for making nano metals in a non catalyst application.
I know a lot of you may feel that I'm negative on QSIM but I'm just a realist.
In the for what it's worth department, the guy who did the basic DD below I think had a logical read
Without volume north of 100 million per day, this is going nowhere. That has been the history of bounces for this stock.
Last bounce was about 1 billion shares traded over 4 days. Curiously, that's twice the stated A/S and 5 times the stated O/S in only 4 days...
It's harder to do that now becuase there's not much left of value in QSIM.
The only real IP and hard assets of value where sold to VIVK.
VIVK is barely trading and no action on their board for 3 weeks. Not many people seem to be excited about the newly acquired IP...
Might be some front loading. Is this it?
One more sizeable run would not surprise me at all.
No secret Roberts that I think you are and have been correct about the company's outlook from a business standpoint. If it runs again, it won't be for legitimate business reasons IMO but hype.
They love to do updates on Fridays accompanied by players with lots of followers. Volume was higher today so who knows.
The pump and dump pastern is easy to spot once it hits. You have to act quick to catch it but some really good money has been made with QSIM short term. Just have to realize it's not a long term hold play and know when to get out.
All just my opinion, take it with a grain of salt.
What facts lead you to believe that a merger is logical? You seem like a sharp guy. I have an open mind and I'm not being sarcastic.
I've stated the facts behind my reasoning.
which one of my points are wrong and why?
Merger is not logical is my point.
I was responding to another poster that was suggesting merger would be cheaper than paying what they agreed. I pointed out if that was vivk's goal, there is a much cheaper way to do it than merger.
I have no other agenda than the truth.
I don't attack in my posts. I only state facts and fact based opinions.
VIVK DID buy QSIM out essentially. VIVK now owns all of QSIM's assets of real value but not the debt and not the possible legal baggage that would come with a merger.
(QSIM recently settled a big lawsuit from some investors, reported in their fillings)
If VIVK sits on the patents for 1 year they owe 2 Million $$ less, 2 years, they owe nothing more except a tiny royalty.
VIVK can still sell $450,000 per 6 months of the product and owe nothing and it's not money anyway, it's restricted preferred stock.
Keep in mind that with a world class science team and backing from an industry leading partner, QSIM was not able to sell ANY of their product in the 2 and a half years since validation.
VIVK merger with QSIM is not logical at this point. VIVK already has what's worth having.
.0029 on 9/11 was during massive volume. 4 trading days about a billion shares traded hands. Certainly conversion/dilution.
Once people figured out QSIM gutted themselves in the 9/8 8K, volume and PPS dropped off sharply.
Preceding months running up to the last high volume looked just like the last week but PPS had sunk to .00038. If they have another conversion round, PPS will bounce along with volume but not likely without it.
The shares in VIVK QSIM received may have settled their debt enough so who knows if more conversions will come.
My 2 cents...
DID YOU FORGET THEIR LATEST 8K ??? Tell us the END of the story.... great job documenting the HISTORY of QSIM. That took a lot of work, thanks!
Can you tell us the status of their Ammonia patents? their agreements with Casale? their reactors? their lab equipment? their production computers?
There seems to be some confusion. As stated in their latest 8K, QSIM no longer owns the the Ammonia Catalyst process Patents, Reactors, or the associated computers and research equipment for Ammonia Catalyst production. They do not own the product FeNIX any longer.
They also sold the sales agreement with Casale SA with the patents.
QSIM is no longer in the Ammonia Catalyst business.
I have to be near them for business on Thursday. I will stop by and see if they are still in the building.
It's hard to say I hope it works out for you without it sounding sarcastic.. it's sincere
I want to make sure I understand you correctly. You are investing in QSIM because they may sometime in the future receive a 5% royalty.
Some of what I've seen I agree could be good for VIVK but can't see how it benefits QSIM going forward in any meaningful way that would allow them to function anything close to the business type they have been since the beginning.
Right now QSIM is essentially a shell.
Then why aren't you and others interested in VIVK? They own the lucrative patents and production/research equipment now.
VIVK is barely trading and didn't spike as a result of the deal.
This is a real question. I'm interested in your opinion.
At that time they had a 1st class Science and Tech team, plenty of money and they were just starting to go after the ammonia market. Looked like a very bright future.
Now Science team and staff are gone, Board of Directors are gone, money is gone, Key IP is gone.
I have an open mind, What specifically are you seeing that is attractive?
Thanks, not new to QSIM but only been on ihub for about 6 months. Never had an interest in OTC pinks until QSI landed here.
I saw that you linked to some old videos.
I know the company and it's history pretty well. I was an early private placement investor. I knew the co founders personally.
I've read every word of every SEC filling and PR for the past year.
Since they've sold the only IP to show commercial promise, there is not much left. The other patents have been around for more than 5 years and never had a revenue producing product associated with them.
They have a lot of secured debt and no money. They won't be filling 10Q's any longer. Never had any sales in their 14 year history other than a few thousand here and there for others to use in research.
They have an accrued deficit of $49 Million. Their backers haven't given them any more money but they did force the sale of their most valuable IP.
Seems hard to find any good news in the current chapter of their story.
you have inside information? No news is indicated publicly
What Dots have you connected that are coming?
This is going back to .0004 or below IMO. Nothing at all to make it go up except another pump session.
There were hundreds of millions of shares bought. Unless they got in near the low, they are seriously underwater so the shares are just being sat on.
I don't think this is very attractive to new buyers without a new story.
IMO, the signal for when it will bounce hard is new faces on this board shouting how amazing QSIM is along with a huge jump in volume.
That has been the cycle for this stock since March.
Otherwise, there is nothing to keep it from settling back to an all time low again.
seems like the players now are the ones that got sucked in on Monday and Tuesday of this week for the most part.
Most that got in on Friday, especially the early ones seem to be long gone.
my 2 cents...
Wow, where have you been during all of this fun the last several days?
Theoretically, there are still a lot of converted shares to move unless some of the defaulted debt was taken care of with the VIVK restricted stock. It wouldn't surprise me at all if this goes into another pump cycle.
It just stinks that QSIM appears to be near the end of life stage in its current form.
The instigators of the current cycle seem to have left, or at least left the board. As usual, it's you good people that remain here to carry on.
I wish only the best possible outcomes to all and too bad I can't join you for that drink.
I'm off to the LA County Fair so I'll raise a glass to you there
That is a very detailed, thoughtful and logical reply, thank you.
I posted this info early in the frenzy a few days ago because I saw what was happening (again)
I've been watching this stock for a long time and have seen this cycle at least 4 times since march.
If you're not one of the front loaders in this "process" and punch out at the right time, it stinks, but a lot of good people get burned.
QSIM was a great company with huge potential and well capitalized (over $49 Million that they burned through) but they have said themselves, it just didn't work for them.
They've been (as far as I can tell) completely truthful in all of their fillings and have handled the business professionally and above board. It just didn't work.
There are according the their fillings, converted shares equaling appx 1.5 billion shares to cover over $1.5 million in defaulted debt.
If you look at the daily volume since last Friday, it equals about twice the 500 million A/S. Don't see how that A/S can be valid statistically. In July, they approved raising A/S to 5 Billion shares.
BOD resigned some time ago, only CEO is left. Staff is gone, scientists are gone.
Unfortunately, There's nothing good for QSIM in the 8K everyone reacted to other than retiring debt. Company is controlled by the preferred stock holders/note holders. (In the fillings)
Instead of backing QSIM with more capital to continue their wonderful product and keeping the R&D team together, they preferred to get VIVK restricted stock. QSIM paid for their last audit with stock because they have no money.
Remaining 8 patents have never been put forward with any revenue producing product by QSIM. The only ones that have, they just sold... for stock in another company, not money.
The Royalties aren’t much of an issue IMO because I personally don't see much coming from it. They had proof of concept in 2015, backing from a huge company in the industry, and not one sale... not one commercial installation of the product that they will get Royalties from. if Royalties are to make QSIM rich, why isn't VIVK spiking? It OWNS the patents, production equipment and sales contract now. VIVK is barely trading.
QSIM's backers have no or very little faith in QSIM or they would back them continuing the marketing and development rather than force the sale of the IP and related hard assets to another company for restricted stock.
If you have a different logical read, that's fine. This is mine based on my long history with the company (since 2010) and reading every word of every filling.
My 2 cents, good luck for some, my sympathies to the rest.