The lack of investor relations/communications on a lot of OTC companies can be an incredibly frustrating thing. It certainly can test an investor's patience. Considering the CEO openly talked about the stock during his interview/presentations earlier this year, and Esther has frequently posted QMEI-related information on her Facebook, it is surprising at this point in its reverse merger existence that QMEI has not yet issued a widely-disseminated press release. The company posts somewhat regularly on its Facebook, and posted at least one or two press releases/statements there (the last one about a month ago), but hasn't posted any releases to a wider audience yet.
And this lack of IR activity is not just limited to stocks on the OTC Markets. I have seen a number of companies on Nasdaq that have almost no investor relations activity. Few press releases, outdated websites (sometimes no apparent website whatsoever), etc. It is a bit puzzling why companies don't try to make a more concerted effort in this area.
Aside from the benefits a more robust IR activity would mean for us retail investors, I would think a lot of these companies would want to get their story out there for the benefits it might provide from purely a business/operational perspective. Getting more eyeballs on their company might help facilitate more attractive financings or make it much more easier to grow their business via merger/acquisition activity.
Asian companies on the OTC seem to be particularly lax in the area of investor relations. Always seems to have been that way and will probably always be like that. But one of the benefits of that is with some creative googling you can sometimes discover interesting bits of information before anyone else. That probably doesn't help if other investors just are not interested because of the silence from the company, but occasionally that bit of information you discover might pay off nicely at some point.
Maybe this appointment of a new CFO for QMEI signals that the company is entering into a different phase of its development, and perhaps an accompanying shift in investor awareness.
Esther Law is an interesting woman. I think I first started monitoring her Facebook because she had some involvement with the PIHG shell I have a position in. David Lazar had sold the PIHG shell to an Asian man who was in business with Esther. I think Esther had (or still has) plans to bring her healthcare business public (EXE Healthcare Group), and based on some wording of the PIHG business plan at the time I thought there was a chance that Esther might use the PIHG shell for her RM or PIHG might take an equity position in her company. Unfortunately Esther's business partner passed away and the PIHG shell moved in another direction.
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