QUTR Lazar RM play On high alert now for a merger closed near HOD 0089 (HOD 009)
I have taken some points from the DD done by Ihub member HORST….kudos to him for the precise DD.
- Lazar becomes CEO Aug 13 after Motion for Termination of Custodianship granted (it was granted early today--the court date was supposed to be Monday Aug. 17th)
- Lazar's 777M common shares (largest insider ownership of any Lazar ticker)
- OS is 83% insider owned which leaves only 17% tradable for all of us, very tight and the spread on the bid/ask reflects this every day.
- zero debt
- QUTR got current with audited financials, makes me think that a great company is coming into this shell (RM) and that’s why audited fins.
- Another Lazar ticker SOLS which Lazar got custodianship of the same day as QUTR in November '19, went from around a penny to 6 cents in the two weeks since the Motion to Terminate Custodianship was granted on July 31
- SOLS took about two weeks to close a reverse merger and it ran 10x.
- QUTR is next in line after SOLS. The next one will be EGOC imo which is waiting to get filings to become current.
- NVSOS got updated on SEP 9. This suggests a merger is coming very very soon imo. Slight increase of 200m is done to AS which is very negligible compared to the SS. This change is done to accommodate 50M shares Lazar used to settle the one valid claim in July.
- The OS (outstanding shares) are 2.55B and the AS (authorized shares) are 2.75B. This is the smallest AS increase percentage-wise that I've ever seen in the OTC.
- This new OS includes the 50M shares we knew about for that July claim settlement, and it looks like they've issued just 14M shares for something we don't know about yet, since the previous OS was 2.486B.
QUTR $$$$$
