Tuesday, August 25, 2020 8:01:54 AM
In earlier filings they hinted that the company would be going in a new direction with a forrey into biotechnology.
The company requested and received authorization to increase the outstanding shares and do a reverse stock split. They had also indicated that they're operating funds were going to be meet through June and then hopefully extended.
I'm supposing that one of these weeks we will get some further clarity on the reorganization and an update on their future plans.
Until then we wait and see. Trading-wise the shares have established a pretty set range... A penny to a penny and a half. At times there have been bids on the hundreds of thousands, even millions of shares... These have been encouraging... but could just be attempts to induce buying.
We shall see. When I first was researching the company, I had opportunity to visit with management and was encouraged that they were going to do all in their power to make QPWR into a successful company.
Eventually, we shall see if they are able to do so.
Watch for opportunities with those you trust.
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