He obviously puts a lot of trust in PQ, which makes me doubt his judgement... The other guys were involved with SFMI as well.
The history of Quilliam penny stocks over the past 15 years has to raise red flags with anything they are involved with. The GHDC filings also support this... They ALL eventually become worthless/stop trading. So far GHDC fits the mold of all the others. Why else are they giving out so much stock under .002 while its trading hundreds of percent higher at the time? They obviously dont put much value in the shares.