Yes, that is a good place to be, wish I was a bit closer to the 2s with my average.
One more thought on all of this: it’s been obvious that they have been diluting to pay for something, and the recent 8k shows that to be accurate. The agreement is from August last year, and it looks like not much happened until March of this year, so some sort of agreement was made outside of the court as to when and how they were going to convert. And per the settlement agreement, Livingston is not able to have more than 10% of QSI outstanding shares at any given time. So, it seems that in order to pay the $421k debt with shares, it would need to be done over time or the OS would need to swell to a point where Livingston would have enough shares to convert.
Again, not all of those large block trades the past few months went into retail’s hands, they were being negotiated and traded behind the scenes. So, where did all those shares go?
My speculation: management have assets at their disposal and are using this opportunity to pay their debt with shares and then are buying those shares back at a lower price- if they have the money, it’d be a cheap way to kill two birds. My thinking is that when all is said and done, they would be debt free and would have a more reasonable ss to implement their next phase.
Not sure how reasonable this scenario is or not but just trying to make sense of all the various pieces of the puzzle.
AI
