QuantumSphere Inc. (fka QSIM)

[Grande Drip]

Excerpt from QSI, June 14, 2017, that seems to lay out what we’re seeing and reaffirms that they are probably not just diluting for stripper money, but have a bigger plan in play. How much more they have to go or how bad it will ultimately be shareholders, yet to be seen.:

https://www.accesswire.com/465777/QuantumSphere-and-Vivakor-Execute-MOU-for-Asset-Deal-Recent-Debt-Conversions-Improve-Company-Balance-Sheet

The Series A preferred shareholders also approved a third corporate resolution to grant authority to QuantumSphere's board to pursue a merger with, sale to, or acquisition of another operating company or technologies.

The Company is likely to experience further conversions of debt to equity in the near future. All debt on the balance sheet must be converted in order for the Vivakor asset sale to become effective. The Company will work with its senior secured lender and Vivakor as well as other trade vendors to convert, transfer, or service any remaining outstanding debt. Investors are encouraged to carefully review QuantumSphere's latest 10-Q filing for details and risk disclosures. In this regard, the Company is exploring opportunities related to additional financings, licensing of other technologies, and a possible sale of additional assets to cover short-term cash needs. The Company has had preliminary discussions with multiple parties that have expressed an interest in additional financing, acquiring the Company's assets, and/or merging into the existing operating Company. Management believes that the above options give the best opportunity for QuantumSphere to realize some return on its assets given the Company's limited cash position.