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looked like it quit trading or my screen was not updating but had an after market trade go through for 6 mil.
Interesting day.
I've been waiting for the 10Q and remembered that #QSIM said they would go to a non standard reporting schedule available to them based on their recent market cap levels.
Correct me if I'm wrong but I believe that means they will say something when they have something to say...?
They need to find someone with a fresh email list so the next batch of OTC traders can line up to hand over their cash...
There are A LOT more shares out there they need to get rid of...
The PPS can always spike in the process but ultimately, someone has to be at the end of the line.
We both know and I think the others do also that #QSIM is in the end of life stage...
No PPS move again with another way above avg volume day ...
When mailing lists get exhausted, retail liquidity will dry up.. IMO
I'll keep watching but don't see how this goes up with all the potential diluting shares waiting in the wings
I've been watching and sometimes playing this on OTC at least since March...
Historic volume the last 2 days and PPS has barely moved.
If that level of massive volume won't move it up, what will?
Once dilution ends (this round) PPS may climb if volume stays good.
Seems the most important bottom now is the bottom of the bucket of newly issued stock... IMO
Who is buying all of these shares??
In their latest filings/PRs, they approved upping the authorized shares from 500 Million to 5 BILLION. No idea how much is in issue right now.
They will need to issue most if not all of those 5 Billion shares to clear the current and future defaults before it's over IMO.
They said $1.5 million of debt is currently in default and is being converted to common stock. That's easily over a Billion shares...
Thanks 3 day trader... so why do you think the huge volume today did not move the PPS up?
twice the daily volume of the last run... and the biggest daily volume I've seen period.
I'm pretty sure the stock is diluting.. do the technicals still apply here?
3 day trader...Are you getting back in?
What is your read on why so much volume, especially on the buy side, didn't move the PPS today?
I don't expect any good news from #QSIM so what do you think will move it up again?
Real questions... I watched and saw that you called it on the nose.
Thanks
205 Million shares in issue?? I don't think so...
IMO this volume confirms that number is far higher...
They approved going to 5 billion available shares...
too bad we don't know at what level the dilution has taken place...
I hope you're right.
Not just for the money but I'd like to see Dr. Doug Carpenter's vision validated.
They did their commercial validation on ammonia production in 2015 and never made even 1 sale.
How much is a patent worth for something that no one wants to buy?
So what are everyone's thoughts going forward on #QSIM... what's the strategy ?
last run was when they were still in the business of producing Nanotech and it was during a professional pumping run for the dilution at that time.
At least then, there was a reason to bet on a potential big future for #QSIM
They told everyone in their fillings over a month ago that $1.5 million in default debt is being converted to stock at a discount. That can easily be over a BILLION shares of dilution out there right now.
I hope I'm wrong for those who've already bought in this latest push.
IMO, At current trading levels, it will be tough to get demand high enough to raise and maintain the PPS significantly
You were trading #QSIM when it was still a viable company. They've sold off the assets that would enable them to produce a product or even do research. They are essentially out of business now.
How is this much different from a Ponzi scheme?
The pumpers are pointing to chart activity back when they had a shot at pulling a rabbit out of a hat.
When there's no chance of dividends because there's no business and no chance of scarcity of shares because they've increased available shares by a factor of 10, it's just new money going to older investors... where will you be when the music stops?
They've given loads of substantial news, here's a recap...
This is just some of what their official fillings and PR's have told you so far...
- Burned through almost 40 million with almost no core industry sales.
- Sold off most core assets, I.e. their production and research equipment.
- Licensed their core patents away
- Out of money, had to pay for their last audit with stock.
- Board of Directors resigned except the CEO
- Majority voting rights held by preferred stock holders.
- Increased available shares from 500 million to 5 BILLION
- Millions of $$ in debt that will be converted to stock at a discount.
- They have told you that they are basically out of business.
- Possible merger but why?? Why would someone merge with a company with no assets other than patents with questionable value, loaded with debt and the possibility of more law suits (one big one was recently settled) ???
How do charts apply to a company in this stage of end of life?
If I've missed something or misinterpreted official facts, show me and I'll be the 1st to admit I'm wrong...
It's all there in black and white... read it for yourself...
#QSIM was a real company that just couldn't get their concept bought. It's too bad but it happens.
Not today... it's just sitting there...
The stock has been treading water for a week regardless of volume...
I'm surprised that anyone is buying above triples
Short term, I believe you are absolutely correct.... not because the company has a future but because that is the way this game is played.
QSI has not met their potential but I also believe it has been run with integrity by Kevin, the CEO and Co Founder. This is not a scam company. Anyone that reads the last 3 filings will see that they are being completely honest about where they are.
If you, the note/debt holders are able to make some money and/or recover some of the losses, that's a good thing. What sucks is that QSIM is at the end of the life cycle. Someone has to be left holding when the trading stops.
I bought in before they went public and made some of my loses back on one of the sub penny bounces.
QSIM will undoubtedly produce some nice short term profits for those that time it right.
Having bought in 2011 at effectively $2 per share, I have an emotional component that should not apply to sub penny stocks although my assessment of the company's situation of being basically out of business being absolutely correct by QSIM's own reporting.
DD is looking at the old picture on the website??
Read at least the last 2 filings... the company is not sugar coating things... they have said clearly THEY ARE BASICALLY DONE.
If you insist on pissing away your money, it would be awesome to see it go to a good charity than to these note holders.
Past charts are from when the company was at least showing some hope even though the news was rather bleak, there was still room for fantasy.
Past charts are meaningless to the current situation. If you think they are, i'll sell you part of my dialup modem stash. "dial up modems have hit bottom.. due for a bounce" lol
#QSIM is trading on air. They are basically out of money and out of business. Read their recent filings. They've been very transparent and above board to their credit.
They've sold off almost all their equipment with ability to produce anything even though they have almost no relative sales in 10 years.
They have sold the licenses to their primary patents which have questionable market value anyway because again, they haven't been able to sell the product.
The sale of equipment and patent rights are not even for money but for stock in the purchasing company contingent on their balance sheet being clean of debt. Their only option to do this is conversion, i.e. dilution.
They've increased the available stock from 500 Million to 5 BILLION to accomplish this conversion.
Don't take my word for it, read the fillings for yourself.
Yep, with this stock at least, someone can, and often does make it close up with a small trade at the bell.
Have a great weekend all
Is today the day for trips ?
big volume yesterday both buying and selling. Nothing today.
It's like a worn out machine that works periodically for no good reason just to fall back into a coma.
IMO, this stops trading long before the full planed conversion/dilution.
With the status of the company, I can't imagine a market for the hundreds of millions of newly issued shares coming.
Cheds is definitely NOT a rookie.
QSIM is barely a company anymore but, like Tulips in the Neverlands, everything is worth what someone will pay for it.
I don't see what will keep this thing from going to trips soon but Cheds does have a lot of experience.
More of a hot potato game at this point it seems with more potatoes entering the game all the time via QSIM's plans of printing hundreds of millions of new shares.
I acknowledge that you've been pretty accurate with your predictions so far Roberts.
If there is any credit to give Kevin, QSIM has been pretty straight forward in their filings. One only needs to read them. It's going to be much harder to pump this time around.
Mostly selling this past week but obviously, no one can sell if no one buys so there is still liquidity at a lower price.
I can't see anything other than a flipping strategy here.
IMO, QSIM will wait out the notes till conversion is the only option to clean the balance sheet and then it will have value as a shell.
Patents have some value but if past performance is any test, there doesn't seem to be much of a market for them.
liontrades, someone deleted your post. A bunch got deleted yesterday also.
Do we have censorship on the board now?????
If so, this post will be deleted also so you won't get it. hmmm
$1.6 million of convertible debt?? Is there even a market that can absorb the appx 800,000,000 shares that represents ??
800 million shares... ie 4 times the current listed outstanding shares seems like way to high a number.. no matter how intense the pumping gets... just my opinion. it will be interesting for sure...
Read the latest 8K and 10Q. Most everything you need to know is there...
It's not easy to summarize in a few sentences without sounding like pure bashing.
Feel free to ask any specific questions after that.
Wake me up when they start Roberts, you called it a few months ago... a $70 day so far... woo hoo!!!
I didn't make any money on this due to my initial investment when they were the shiny new kid on the block but I did do well on one of the recent dips.
Wish it would have turned out different...
Not a great origin story but my "good friend" that brought me in during 2011 is currently in prison... my other friend that believed in QSI is dead... I guess I'm the fortunate one... perspective right ?
How the hell will they dilute? There is no liquidity here.
Off to a roaring start... was yesterday dilution ?
Makes perfect sense that Casale wouldn't have a relationship with QSIM. Quantumsphere no longer has the ability to produce anything for them to buy or sell.
When I saw the PR this morning, I thought it was to get the PPS up for dumping. I can't see how a sale of assets would benefit common shareholders.
Note and preferred holders have 1st dibs on any money from assets.
Only way to profit from this IMO is to catch a hype upswing. Eventually, the liquidity of this is going to dry up. You can't dump what no one will buy...
Good luck every one !!! I sincerely hope it works out for all that are still holding.
I'm up for another ride... lets go !!!!
getReady and INFINITI ... this is for you brothers !!
I'm not sure when it happened but ivestorshub is now listing "shares in issue" as 205 mil, it was 150 mil.
For right now, they've only laid out conversion of a little over a million dollars in dept but that easily equals 400+ million new shares issued so who knows
They also increased available shares from 500 mil to 5 (B)illion
the good news from this is it will likely drive up the PPS when they bring in the pros to hype it for them.
The company has made it very clear that the only revenue going forward is possible royalties from Vivakor.
QSIM no longer has the ability or the licence to produce the Iron catalyst themselves as they've agreed to sell all production equipment and the licence for the patent to Vivakor subject to QSIM cleaning their balance sheet of dept.. i.e. stock coversion in other words, dilution
I'm amazed that the PPS is still as high as it is.
when all of the conversions come in, they'll need to dump their "freshly printed" stock somehow. They seemed to have gotten a lot of activity from the PR the IR agent sent out last week.
If you haven't spent time with this particular "show", Kevin and his buddies can spin it again to make it sound great.
"Ready to blow$$$!, MOU with multi million $ company!, exclusive agreement with major global company!"
I've got exclusive rights to all the dirt in my back yard but doesn't mean anyone will buy it.
IMO, there was obviously an ROI problem with pricing of their product. They told what it would do but never said at what premium to what's being used now. Not the only reason for failure but the leading one in my imagination.
At some point I think there will be another round of pro pumpers to raise the PPS for the conversions. If you get out at the right time, you may be able to recover or at least make your investment a little better.
It was lousy what the company has done to common shareholders. Going public was just the next round of raising capitol for them. If it makes you feel any better, I got in originally way before they went public in 2011.
I got 5,000 shares to show for my 10K investment LOL, not even an annoyance bid now. I did make some money a couple of weeks ago when I got in at 0021 and sold at 0035. I only bought and sold 1.2 mil shares but it helped get me back closer to zero.
bottom line, most of us have been there. I'm brand new to the pinks though. I've leaned it's not as much about the company as it is getting the ride on the hype timing right.