Well - IF anyone is serious about attempting a class action - ole ROSEN LAW is not only a national leading firm at "Securities Class Actions" but one of the few larger firms who SPECIALIZE and take a LOT OF OTC cases, where many other firms will not.
A securities class action is paid for almost always by the company D&O insurance policy aka "Directors and Officers Insurnce" policy. The insurance litigates the class action suit - and will "settle it" fairly quickly in most cases looong before enduring a lot of expense of court and legal bill time, etc
Rosen Law is top dog - one can file a "complaint inquiry" right on-line and they will contact any shareholder back to be a potential "lead plaintiff" at which point they will usually file a CLASS ACTION if these clowns at QNTA maintain a semi-decent D&O ins policy etc.
Form is right there - one just fills it in, and if it was me I'd merely point out the WELLS NOTICE, the likely P&D, the deceptive actions of the past 1 yr aka P&D and false claims hype n promotion, etc.
The WELLS NOTICE will "do it" more than likely, meaning nothing but that is needed to likely get a firm like Rosen to act on behalf of a shareholder per reading their history of cases, etc.
THE WELLS NOTICE alone and SEC ACTION and ACCOUNTANT RESIGNATION are all that's "needed" IMO to likely get a firm like Rosen "interested enough" to likely pursue a lawsuit on behalf of a shareholder class, as the accusations in the WELLS NOTICE are very serious and FRAUD is top of the list - making a civil suit a no-brainer usually.
YIELD SIGN now moved down to EXPERT MARKET ain't gonna help QNTA-CON defend their position either - Rosen will note those facts also aka FAILURE OF FIDUCIARY DUTIES to properly run and manage a public traded entity blah blah !
Posts contain only my amateur opinions, personal views and thoughts. I discuss stocks as a hobby only. Always do one's own due diligence before investing.
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