QuantGate Systems Inc. (QGSI)

[Potse]

Still holding my full position...still optimistic.....

Well, then so much for thinking the numbers would get updated on OTC markets. So what's your take then now on things? The large O/S doesn't really bother me, and perhaps they exercised the conversion to be used for salaries etc because no way they hired all these people for free. Perhaps even a block will be used to acquire another company or something. That's a lot of shares and clearly the conversion was done now for some reason.

I still have every share of QGSI I have purchased. Although it isn't something I am counting on or factoring in, it would not be unreasonable to believe that some of the shares that the sisters own might be used in some way to benefit the company itself. There actually is some precedent of that in QGSI's history.

Back in 2010 the sisters entered into a agreement to sell their 19+M block of shares to Randall Barrs (a criminal defense attorney in Canada) for about $29M. At the same time, QGSI entered into a Tender and Cancellation agreement with Barrs, in which Barrs agreed to return up to 4M shares to the company and QGSI could then use those shares for financing purposes. The agreement between the sisters and Barr never got fully completed, so that is why the sisters still have that huge block of shares more than one decade later.

It would be rather interesting if something like that were to happen again. Even if some variation of that did not occur, I still think just the fact of that 19+M block of shares (or large portions of it) changing hands is something that could trigger significant interest in QGSI (depending on the people/entities that acquire the shares).

One thing I am very curious to see is how the stock/market responds if/when the company implements a more intense and dedicated investor relations approach. QGSI has pretty much been able to maintain a trading range around the 10-20 cent area with what I think is fair to say is basically minimal IR effort.