Reverse Mergers & Low Float Plays

[Potse]

QMEI...jewelry stores, pharmacy, Nasdaq, etc......

I have a chunk and will wait patiently to see how this plays out.

I'm holding my position as well. Selling at sub-dollar prices doesn't appeal to me at all. It has been awhile since QMEI had any significant amount of buying pressure, but I would think that will eventually change. At some point there will be a corporate development that triggers interest, or that low float number will attract some momentum traders looking to run up a stock. It is very difficult to understand the CEO because of his accent, but it is pretty clear that he has high share price expectations for QMEI. Early in that video (around the 55 second mark) he mentions a 3-year price projection of $100.

I couldn't quite determine from what he is saying whether the timeline for a Nasdaq uplisting is still in 2024 or if it might get pushed out an additional year or so. I didn't jot down in my notes but I think at one point in the video he provided a much more accurate projection of the number/timeline on the jewelry outlets (versus the number/timeline I had mentioned in my previous post). Around 40-60 stores in about 2-3 years.

Also thought it was quite interesting that he disclosed QMEI had subsidiaries in the pharmacy and travel industry. That was a complete surprise to me. There seems to be a whole lot of things going on at this company that the market is completely unaware of at the moment. I'm assuming the travel subsidiary is probably a travel agency. The pharmacy subsidiary has an online presence and opened its first physical store a couple of months or so ago......

https://qmpharmacy.com/

https://www.facebook.com/qmpharmacy23

I wouldn't mind seeing Jonathan Seow (the CEO of Quantum Metal Thailand) do more presentations for the company. He is fluent in English and very easy to understand. In this video from the Thailand event on November 19, Jonathan starts speaking in English around the 52:10 mark........

https://fb.watch/oEHLIlTTkF/