Telix QSAM Inc (QSAM)

[BuddyWhazhizname]

The PR called it "an affiliated entity called Earth Property Holdings LLC", so yeah, it's the same insiders with a different shell. This one being private with no reporting.

I expect, though, that the deal was set up this way because the "institutional investor" who put up the cash demanded a majority stake of 80% of ownership. The remaining 20% now held by QPWR would be the finder's fee.

Giving the money to QPWR would just be pouring it down the rat hole.

QPWR did sell more convertible notes, so they can keep paying the insiders so handsomely. $672,712 in expenses for the quarter, for a company with $354 in hard assets.

The notes will convert to stock at a 50% discount. That hasn't started yet, but when it does there is going to be an awful lot of new shares dumped on the market awfully quickly. Maybe the fishy trading has been to keep the price up so they could sell more of these notes.

Same MO as CYPW, which is now at $0.0001.