Reverse Mergers & Low Float Plays

[Potse]

QMEI(.70)...first jewellery store opened this week......

It is disappointing that QMEI is not maintaining its OTC filing obligations, or at the very least keeping its retail shareholders informed of the company plans. Everything I have seen so far (CEO comments, and comments/info I have seen on social media from others associated with the company), highly suggests that Quantum Metal expects to do an IPO in 2024. Although I am about 90% or so sure that QMEI intends to be listed on the Nasdaq next year, the lack of company concern/attention toward its OTC listing does leave some level of uncertainty which is not helpful in the kind of market environment we have now. I will probably just continue holding my position and possibly add if there is any significant weakness.

Starting around June 2023 I first noticed that people on social media were mentioning that Quantum Metal had plans to open some jewellery stores. Those plans appear to be well underway now. The first store had its soft opening this week in a Malaysian mall. You can find a number of people on TikTok or Facebook mentioning the store opening, with photos/videos.

One particularly interesting comment I noticed is from Thomas Tan Lye Hock. If you scroll through his Facebook account, you will see that he attends quite a few Quantum Metal related events, including trade shows the company has attended recently. One of his posts on October 21 about the jewellery store opening has this very interesting statement:

QM Jewellery is ready to operate. Around 200 more outlets will be ready by end of 2023.

https://www.facebook.com/thomas.t.hock

https://fb.watch/nW7f3Z4BE4/