Quantum Metal Exchange Inc. (QMEI)

[Potse]

QMEI(.929)...accumulated a position......

Accumulated some shares of QMEI over the last 5 trading days, roughly in the 70-91 cent range. Currently averaged in a little under .895 per share. Risk/reward looks somewhat interesting to me under this $1 price level. Should be seeing a couple of quarterly reports (Q1 and Q2) filed over the next couple/few months. I think the explosive potential that QMEI exhibited a couple of months ago still exists here, so I want to have a position built ahead of the next move/spike higher.

Khong Soon Lim (QMEI CEO) briefly appeared in a couple of videos on January 21/27, and some of the comments/statements he made are the reason why I have taken a position here. Let me preface my comments below with an acknowledgement that I may have misheard or misinterpreted his statements. The combination of poor internet connections and heavy accents in these videos make it somewhat excruciating to watch and difficult to completely understand these videos. And using the closed caption feature on the videos can only help so much.

Having said that, these are the things that caught my attention......

1) It is very obvious that QMEI plans to uplist this stock to the Nasdaq at some point. This was repeated a number of times, and not only by the CEO. I believe the CEO is well aware of when QMEI would first become eligible for an uplisting (which would be around one year after the RM, unless they choose to do an accelerated uplisting). When he was talking about the timing of the Nasdaq uplisting he used the words "six months", which would be right around that one-year post-RM time frame.

The CEO said he expects QMEI to see a share price around $6-8 this year. Over the next 3-5 years he expects the share price to reach $100.

2) QMEI is planning to acquire a gold refinery.

3) He mentioned something about a "shop merchant" program or business that will begin next month. I'm thinking this might be some type of digital payment system/app that retail shoppers can use, but I'm not entirely sure what he was referencing there.

4) In both of these videos, the CEO mentions that February 22 will be an important date. He called it a "big event" or "big announcement". Again, I am not sure what he might be referencing, but there is a possibility that this might be in connection to QMEI expanding its platform to more countries. He mentioned something about wanting/expecting 40 countries this year and 60 countries in 3 years.

Here is the link to the videos. They are the videos that have the word "opportunity" in their titles.......

https://www.youtube.com/channel/UC9b3WWAha9CiqhLftCAavLw

Also, it might be worth monitoring Esther Law's Facebook page (she is the co-founder and CFO of QMEI). Once in awhile you might run across an interesting tidbit of information or some behind-the-scenes stuff related to QMEI by following Esther. I have been following her account long before I became interested in QMEI, since she has some loose connection to another China quasi-shell I own. Esther is a very hard-working, impressive lady......

https://www.facebook.com/lawleepoh