Quality Industrial Corp (QIND)

[creakyhottie]

Mauiguy2

I just bought Maui Jim sunglasses, so we may have even more in common. LOL

I have never seen a company with so many fits and starts. LOI's that don't come to fruition, purchases that have to be terminated,
mergers that feel like you are waiting for Gadot. Management has to look in the mirror and realize they are lightweight and need a strong person at the helm.

I guess the recent purchase of the new gas company was a "consolation prize" event. As they knew they were terminating the QI purchase, and thus the S-1 was a waste of time and money (and now being pulled), and they were promising shareholders the uplist merger, QIND had to have something in it to merge with into the Naz company. Thus, the new purchase. But is the value of QIND now reduced and thus the exchange ratio for QIND shares will be much less????

What about the ILUS shares given to Artelliq for the loan that was made to QI? I assume they will be unloaded in the market, if they have not already. So more shares given with, in essence, now nothing received.