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.
