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Re: Jamis1 post# 55256

Monday, 02/06/2017 12:29:02 PM

Monday, February 06, 2017 12:29:02 PM

Post# of 104534
Jamis I think you nailed the reason why the board had to be replaced. IMO Sri saw what QD Vision sold for and was shopping QMC for a quick sale that would have been 2 to 3 times the SP. He convinced the board to follow this path, failing to realize that the major long term holders of this stock haven't waited 7 years to see a double in a stock with such massive potential for revenues. Once Sri and the board took this direction and lost shareholder support they signed their own death warrant. They had no chance of winning a proxy vote. I also believe Stott had become an issue in the labs so there are multiple reasons for Sri getting the boot, poor business decisions and miss management of staff. This is my best guess of what happened and why Steve took the helm back.

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