What I like is not of penny of any kind of settlement is built in to the PPS at this level, actually nothing is at this point.
QSGI sits at $0.064, about a $15 million market cap, profitable, no debt, in aquisition mode, with the following to commence imo starting as early as this week:
1. An IBM MTD ruling. If there is any future settlement, could add about $0.60 to $1.00+ in value per share. That alone makes this a great investment from this level.
3. A press release announcing an investor conference call to discuss QSGI business model, vision and growth plans.
4. A possible investor road show, taking QSGI out to major cities to expand business and visibility of the company.
Is there a reason we are not sitting at at least $0.25 now? Reading the Gasket Guy filing should make you question this alone. Does it have something to do with that MM RICO (Riconda) which has been sitting on the stock, blatantly pushing it lower on no volume?
All it's going to take is one new, large investor to jump in by noticing this is currently at least 4x undervalued just by the items listed above and it's going to turn in to a race. My guess is we are going to see a few of them try and step in early this week before all the past due filings, PR's, etc. start hitting.
Done arguing, the time has come. Everyone has posted the positive and negative views here. It hasn't gotten anyone to budge either way. The company going to step up here now and answer the questions. In the next 2 weeks alone do folks think we are going to be higher or lower than $.06, where we sit? I am taking my chances to the up side, in a large way, with everything coming down the pipe.
Looking forward to an interesting week ahead for sure.