I've been watching this stock for a long time.
This is a cycle I've seen repeated at least 4 times since March. Although this is the biggest volume episode by far. It was expected.
Leaders come in with a lot of followers, the stock runs up nicely then, by default, a lot of good people get left holding. If you time it right, you make a killing.
there's nothing good for QSIM in the 8K everyone reacted to other than retiring debt. Company is controlled by the preferred stock holders/note holders. (In the fillings)
Instead of backing QSIM with more capital to continue their wonderful product and keeping the R&D team together, they preferred to get VIVK restricted stock. QSIM paid for their last audit with stock because they have no money.
Remaining 8 patents have never been put forward with any revenue producing product by QSIM. The only ones that have, they just sold... for stock in another company.
My 2 cents, good luck for some, my sympathies to the rest.