Quadlogic Controls Corp (fka QDLC)

[snakess]

just received letter from current management; Of course it is he said she said. a
There are 2 issues current management has been horrible to shareholders-they of course spin around how they save the company and the president got them this amazing Mexico program ( this royalty contract for 17 and 18 are huge) and say if Shafrir is removed that we will lose potential additional contracts with Mexico. On the other where has management be for the past 10 years. NOT even a postcard or candy bar at Xmas.
The old management says the dissident shareholders are horrible people and will fire sale the company, the problem is current management has done a horrible job informing shareholders for the past 10 years and this alone could cause the removal.
In my opinion, the only thing that can save management is releasing the year end result prior to the proxy date and if the number are good end of story if they wasted asway this 1.9 million royalty payment furing the 4th Q then old management is going on a long vaca