QuoteMedia Inc (QMCI)

[reaper247]

LOL laraz, nonsense.

POS Pyramid scheme with a CEO who transfers monies from one BS company to another

I will explain it again. Anyone can take 30 seconds out their day to confirm these facts.

CEO didn’t transfer funds.

He forgave over $1,000,000 in debt due to bravent.com (of which he is also CEO and cofounder) who originally developed the data tools that the NASDAQ, TMX and dozens of brokerages and banks rely on every trading day.

He can afford to do that because bravenet.com has grown into one of the largest web tools and hosting companies on the planet. At one point bravenet had more users than godaddy.com NYSE: GDDY.

The $11,000,000 in accrued salaries due to officer was restructured into heavily restricted preferred shares and assigned to a private holding company.

QMCI is trash

Think of it like this. If QMCI shut their doors this weekend and just went away, the entire NASDAQ, along with the TMX would be unable to function on Monday. The financial markets of North America would not be able to function without quotemedia.

Anyone claiming quotemedia is trash or a pyramid scheme is either intentionally posting false information or ignorant of the facts.

Hope that helps.

IMO and FWIW.