Well, it's now clear that QSAM Pharmaceuticals is now the controlling entity of this corporate entity.
QSAMBio.com describes what we have become. By any comparison, we have become more than we were.
The only old management that was retained was Christopher Nelson who continues as the company's CFO. It makes perfect sense. He kept books for the former company and pretty much kept up their SEC filings up to date.
It should be relatively easy for him to continue this for the new company.
NOW THE BOTTOM LINE QUESTION IS WHY? Why would these "WHO'S WHO" in the drug development pedigree want to put their assets in a public entity like QPWR (or what is now QSAMBio.com???
They most likely have aspirations to build a successful pharmaceutical company that will enable them and their partners to retain more of the profits and enterprise value.
Will there be some short-term opportunities to makes some profits? I expect so, but I expect the longer-term game is much bigger and far-reaching than most investors will realize.
Oh well, more thoughts on that later.
Watch for opportunities with those you trust.