We haven't heard yet about the disposition is the debt or what the new management structure will look like.
We've been given a glimpse on their new website: www.qsambio.com
See my previous post of you want to be impressed!!
From what I've gathered it looks to me like these are the folks that will be in charge of the company. It was structured like the creation of a subsidiary, but it looks to me like the subsidiary will be the future of the company. I think I remember that the funding agent (EFT or something), that provided the capital and retained most of the ownership of there acquired compost companies, was providing findings for QPWR through June and beyond.
I think your fear that lots more shares well be hitting the market is baseless. From my experience it's pretty tough to deposit pink sheet shares anywhere.
Let alone that the reverse split has greatly reduced the Outstanding Shares to just over 2 Million shares and the Public Float to just over 900K shares in the public float. It's pretty much a blank canvas and can pretty much be turned into whatever they want.
If I'm correct that QSAM BIOLOGICS, A Biotechnology PharmaceuticAL Company is becoming the controlling entity of QSAM, what are they going to do with the Company??
They're a Biotech Pharmaceutical company that will need to raise additional Capital to bring what they believe is a highly likely drug candidate to market. It's already been tried and found effective!!
Will they do their major Capital raise at dime, a quarter, a buck, or $5.00??
I'm thinking in the latter more likely than a former. Once we get through Phase One Trial, which is drug safety... they'll be in a position to price the stock at whatever level they desire. Will they want to uplist? I'm thinking they will.
If you can't see the possibilities, I think you're missing the present opportunity because if the past. I think you're missing a tremendous opportunity.
But yeah, I suppose I could be wrong. I guess that's why they call it speculative investing. But, the potential of QSAM gets my juices flowing.
Watch for opportunities with those you trust.
Recent QSAM News
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 02/20/2024 10:19:46 PM
- Form 5 - Annual statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/20/2024 09:51:43 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/20/2024 11:09:38 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/16/2024 02:51:13 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 09:00:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/08/2024 02:56:06 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/16/2024 10:08:01 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 01:43:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/29/2023 08:51:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/16/2023 08:00:24 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 08:30:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/29/2023 10:14:22 AM
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