Telix QSAM Inc (QSAM)

[BuddyWhazhizname]

There's not much in the way of fundamentals, though.

All the money they've raised through selling convertible notes has gone to pay the two executives' salaries and consulting fees.

In Q1 they had $111,060 in cash left, but their monthly burn rate was $62,500.

Two years ago they announced plans to purchase ERTH in Georgia, pending raising the purchase price. They still haven't raised any money towards this purchase.

A year ago they announced plans to purchase Environmental Turnkey Solutions of Florida, pending raising the purchase price. No money raised here, either.

They claim to have letters of intent to purchase three other companies, again, all pending raising the funds to do so.

What kind of value proposition QPWR management is offering is a mystery. They want to raise 100% of the purchase price for these compost companies, buy them, rake off big management fees for the executives and somehow make a good return for investors?

The Q1 report showed they were closing in on zero cash. They haven't announced receiving any new investment, which they've done in the past when it occurred. They brought in a new CFO at $220K/yr. Aside from printing new stock how are they going to keep going?