Saturday, January 06, 2024 6:43:18 PM
QMEI...CEO's presentation, raising $100M, etc.......
The CEO made an appearance on a ZOOM call on December 15 and provided a presentation and information that is certainly a bit eyebrow raising. Let me preface this by saying that I don't fully understand everything he was talking about. I think most people who watch this presentation (and the entire call) are probably going to have the same level of confusion as I do on some aspects of the information he was providing. But I think it is safe to say that if some of the items he talks about materialize then calendar 2024 is shaping up to be potentially extremely interesting for QMEI.
A few of the items that caught my attention......
1) QMEI is looking to raise $100M at a $6 share valuation. When talking about the capital raise, pricing, structure, etc, he makes mention of discussions with the CFO, the company's legal team, and a "US investment bank". He presented a slide with a breakdown of what they intend to spend the money on.......
2) There is a capitalization table that shows the pre-offer and post-offer share structure. It is radically different from what we see in the QMEI filings and OTC Markets profile information. So I'm not sure if the share structure information we have been getting is just inaccurate or if there is an obvious explanation that I am just not recognizing right now........
3) There is a moment in the presentation when he says "when we open trade on the NASDAQ", and he says something about an "international qualified CEO". It almost seems to me that he might be planning to step aside from his CEO position prior to the uplisting.
4) As of mid-December Quantum Metal was in a total of 13 countries. In November the CEO attended the JCI World Congress in Switzerland where he met with representatives from at least 30 countries. Apparently the partnership or connections QMEI formed with the JCI has opened the door to a potentially extremely rapid expansion. The CEO says the company is expecting to be in 50 countries before the end of 2024.
5) When he talked about QMEI making a large investment and basically taking control of Besra Gold, he also noted that QMEI is in negotiations with a listed Canadian mining company. He said an announcement regarding this would be made "soon".
The CEO begins speaking around the 39:35 mark of this video........
The CEO made an appearance on a ZOOM call on December 15 and provided a presentation and information that is certainly a bit eyebrow raising. Let me preface this by saying that I don't fully understand everything he was talking about. I think most people who watch this presentation (and the entire call) are probably going to have the same level of confusion as I do on some aspects of the information he was providing. But I think it is safe to say that if some of the items he talks about materialize then calendar 2024 is shaping up to be potentially extremely interesting for QMEI.
A few of the items that caught my attention......
1) QMEI is looking to raise $100M at a $6 share valuation. When talking about the capital raise, pricing, structure, etc, he makes mention of discussions with the CFO, the company's legal team, and a "US investment bank". He presented a slide with a breakdown of what they intend to spend the money on.......
2) There is a capitalization table that shows the pre-offer and post-offer share structure. It is radically different from what we see in the QMEI filings and OTC Markets profile information. So I'm not sure if the share structure information we have been getting is just inaccurate or if there is an obvious explanation that I am just not recognizing right now........
3) There is a moment in the presentation when he says "when we open trade on the NASDAQ", and he says something about an "international qualified CEO". It almost seems to me that he might be planning to step aside from his CEO position prior to the uplisting.
4) As of mid-December Quantum Metal was in a total of 13 countries. In November the CEO attended the JCI World Congress in Switzerland where he met with representatives from at least 30 countries. Apparently the partnership or connections QMEI formed with the JCI has opened the door to a potentially extremely rapid expansion. The CEO says the company is expecting to be in 50 countries before the end of 2024.
5) When he talked about QMEI making a large investment and basically taking control of Besra Gold, he also noted that QMEI is in negotiations with a listed Canadian mining company. He said an announcement regarding this would be made "soon".
The CEO begins speaking around the 39:35 mark of this video........
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