Saturday, January 06, 2018 1:00:16 AM
QMCI CEO, Dave Shworan is also the co-founder and CEO of the private company bravenet.com.
Bravent.com is one of the largest web tools and webhosting companies in the world with 15 million users.
Bravenet.com has more users than a rival company called godaddy.com (NYSE: GDDY,) that currently has 13 million users.
Most long term liabilities were due to QMCI officers or to bravenet.com, per 10-Ks over the last several years.
He was in a position to forgive and restructure long term liabilities with terms favorable to the company and shareholders.
None of the previous debt was ever toxic or dilutive, which is why we have this outstanding share structure.
While bravenet.com as a private company doesn’t have the same visibility as godaddy.com, imagine if godaddy spun off a market data services company that provided stock market data to the NASDAQ and the TMX, as well as providing other services to huge clients like General Electric (NYSE: GE,) and J.P. Morgan Chase (NYSE: JPM.)
What kind of PPS share would we be looking at?
That is the potential that we are now looking at with the debt forgiveness and non dilutive restructuring.
IMO and FWIW.
Recent QMCI News
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
