QSAM Biosciences Inc. (QSAM)

[BuddyWhazhizname]

Interesting rate of dilution going on.

From the Q3 report, For the three months ended September 30,
Outstanding shares: 2017..48,422,386.....2016...29,105,669

60% increase in shares in a year.

For 2017, Net cash provided by financing activities $1,652,500 (from the convertible bridge notes).

CASH - End of period (Sept 30) $671,540

The current burn rate is $110K per month. That gives them six months from the end of Q3. Intersting they predicted "The proceeds from this offering are expected to provide working capital for the Company through at least the first quarter of 2018. " (page 9)

All they've got aside from this remaining cash and $620 in furniture and computers is a letter of intent to buy a compost operation in Florida, provided they can raise the new cash to buy the place.

Unlike CYPW where millions got siphoned off into the founder's private company and a little is trickling back to keep CYPW open (and now at $0.0002), QPWR doesn't have any deep pockets.

Once the remaining cash is drained off by the insiders, printing stock is their future.

60% increase in A/S will be nothing compared to 2018's dilution.