QuantGate Systems Inc (QGSI)

[zenvesting]

Thanks for verifying that the company is still working on updating their filings. I don't think recent trading reflects anything fundamentally negative, other than the fact the float is largely owned by impatient penny flippers, recent volume has been pretty minimal relative to the 61 million unrestricted shares. The stock has traded 86,948,846 since June 11, 2019, but has only traded 14,270,630 since hitting the high of $0.033 on December 13th.

I did most of the buying today on the bid, I picked up another 708,900 shares today. Based on my review of their past filings, their audited account statements they posted to their website to prove their 168% return over 36 months, and Potse's find on their archived website stating they had reached break even....I think there's a good possibility these current prices might be near their current cash value.

"The stock market is a device for transferring money from the impatient to the patient." - Warren Buffett.