QED Connect Inc (QEDN)

[Indica]

Check out the Tapestry Solutions website for validation. Boeing is broken up into multiple business entities. A lot of the bigger companies do this. You referenced Boeing's Aerospace Division. Tapestry was bought out by a different division.

Now, when a company sells to another company, the parent company enforces all of its policies and benefits upon the new company. In the case of a wholly owned subsidiary, the sub, is shielded from many of the corporate policies of the parent. In our case, Tapestry was allowed to retain its benefits structure and existing corporate policies. The major change came with accounting and how financials were reported to Boeing as Tapestry now had to provide P&L statements. As far as the Tapestry employees were concerned, there was no change to day to day activities. So, the benefit of being a wholly owned subsidiary is that the corporate culture isn't changed overnight and focuses on maintaining stability for the existing business.

EMF, as a subsidiary to $QEDN has an arrangement where $QEDN will provide "up to" $2 million in funding for EMF operations. EMF also has an escape clause allowing them to break away from $QEDN if they wish.