QSGI, Inc.(fka QSGI)

[TOUCAN]

b]QSGIQ - $2,256,140 paid to Secured Creditors

Wow, Quick 363 sales, by contrast, can move nearly all key assets to a new buyer in lieu of a formal reorganization plan.
Anyone care to venture who the buyer of the QSGI assets were? I think I know
Did some more digging in to the recent 10K, as of March 2009, officers owned 15,092,500, or 19.8% of the shares outstanding. Riconda/Pike own 28.9% of the shares outstanding. All those shares total 48.7% of the shares outstanding meaning the new shares outstanding could possibly be 76,350,000. If you take the 48.7% above and throw in the floating shares (our shares) of 14,000,000 you get 51,148,473 shares of the 76,350,000 possible share count or exactly 67% of the shares outstanding. So who or what owns the remaining 33%, or about 25,201,527 shares?
As with the Pilgrims Pride which also did a 363, they issued 64% of common stock to JBS Holding and the remaining 36% was given to the common shareholders. I am guessing we will see a similar situation here with QSGI/Kruse. Officers, Riconda, Pike will have 48.7%, Creditors (TBD) will have 33%, and the current shareholders (QSGIQ holders) will have 18.3% of the new company, my guess Krusecom.
To try and value this new company with about 76 million shares outstanding, if Krusecom is doing $30 million in revenues and would trade at 5x sales, you would have a stock that should be trading in the $2 area. Even at 2.5x sales you have a $1 stock.

http://www.4shared.com/document/hklFXlj3/QSGI-Qualtech_305_8-20-10.html