Telix QSAM Inc (QSAM)

[BuddyWhazhizname]

That was Chris Nelson's MO at Cyclone Power - constantly announcing new "deals" with LOIs and MOUs. Nothing ever came of any of them.

Four years ago Nelson announced receiving a million dollar purchase order:

"Christopher Nelson, President of Cyclone and Director of its WHE subsidiary, commented, "We have achieved a monumental milestone for Cyclone, Cyclone-WHE, and our shareholders – the conversion of a previous letter of interest into an initial purchase order valued at $1,000,000."

Cyclone never got a penny from this order because they had no product to sell. Actually having a product was one of those details that was yet to be worked out.

Different company now, but same process at work. QPWR will do acquisitions, just as soon as they raise 100% of the necessary funding. And they now have a new MOU to do joint acquisitions, just as soon as they raise 100% of the necessary funding.

Outstanding shares
November 14, 2017: Common – 48,422,386
August 19, 2016: Common – 29,551,431

They may "anticipate" a stock price of $0.15 following an acquisition, but what they are now is a shell approaching zero cash and $3 million in liabilities, who have been rapidly printing stock. The lower the cash gets, the faster stock will be issued. Notice they had raised the last round of funds through convertible notes. Any funding raised for acquisitions will also be through convertible notes, with lots and lots of new stock issued.

Again, same MO as when Nelson ran Cyclone. Wait for the major league toxic debt and massive dilution. Cyclone is now past 2.5 billion shares issued.

The winners will be the insiders and the savvy big investors who sell the convertible notes. Retail investors will be the bag holders in the end.