QuoteMedia Inc (QMCI)

[reaper247]

Sorry, laraz. My post is factually accurate based on publically available information.

PPS gains, growing revenues, growing client base, on and on.

The NASDAQ does in fact rely on QMCI market data for their options quotes and the entire TMX in Canada runs on QMCI data.

Countless brokers use quotemedia and many publically traded companies rely on QMCI investor relations support.

Lets not forget Berkshire Hathaway's PR unit relying on QMCI as well.

I will try again to help those who do not understand the story here.

David Shworan is the CEO and co-founder of bravenet.com as well as quotemedia.com.

Bravenet.com is one of the largest data tools and webhosting companies in the world on par with godaddy.com, last time I checked.


Several years ago quotemedia was spun-off as a public company with the financial data tools developed by bravenet.

As CEO of both companies, he has decided to increase the value of the public company at the expense of his private company.

The roughly $1,150,000 due to bravenet from quotemedia for intellectual property has been forgiven.

He didn’t monetize it through a debt offering that would have been dilutive to shareholders. That is why the A/S and the O/S hasn’t changed in several years.

He just forgave it so QMCI could move on and be successful.

As shareholders we are direct beneficiaries of the actions of the company and its CEO.

Hope that helps.

GLTA, IMO and FWIW.