OMNIQ Corp (OMQS)

[windough-shopper]

$QUES from last weeks CC,

If you read nothing else, read this passage

We have been familiar with ViaScan through the industry channel. Upon completion of the combination with BCS, we began a dialogue with ViaScan’s owners. - We looked at the projected revenue and earnings with representative industry multiples and - factored in the recent combination with BCS and a $2 conversion price on the stock for that transaction and that’s how we arrived at the number of shares. The specifics of the transaction are 5.2 million shares of restricted common stock. Should the price not be above $2 after an 18 month period, then the ViaScan shareholders would receive an additional 1 million shares or they would have the option to require the company (Quest) to repurchase 2.5 million shares at $2 per share. The key to this transaction is the management and founders of ViaScan, recognize that the industry is changing and why it’s now more important than ever for strong management teams, multiple service offerings, diversity in those offerings, and cutting edge technology are what the customers expec


We all have had experience with Bee Ess "companies that have nothing, buying other Bee Ess companies with shares valued at way above last price....Obviously, Bee Ess.....In this case, QUEST and BCS, 2 companies in the top 5 in the industry buyin the leading company in the industry in Canada for SEVEN TIMES CURRENT VALUE

For ONE WHOLE year, the stock trades like a turd in a punch bowl....WHY?

I DONT KNOW!!!!!!!!!!!!!!!!

But the deal with Canada says something.....(I hope)