Agreed. We need to give time for a solution to be developed by management. With pending sales, it's a very complicated circumstance that QMC is facing. They want to clearly appease us as demonstrated by the revision for A/S, but they have legitimate concerns on buyout or hostile takeover. They only have about 40%. What happens when they announce sales and this goes to $1,2, or 3 per share? We all start selling. Who's buying at that point: large investors, customers, companies like Samsung?
Let's say a large display manufacturer working with ND or Kisco starts buying QTMM now using multiple entities to stay under 5% to avoid reporting to the SEC, maybe they absorbed some of the 80 million traded since MKM started dumping.
We longs have about 34% (counted so far). Insiders have about 38% with options and warrants. That leaves about 28% floating out there.
If management and we start taking gains on the way up, how much do we sell into the open market? Half of that 72%? That 36% plus the 28% float, or 64%. A large company could easily perform a hostile takeover when this thing takes off and this stock becomes highly liquid.
What happens to the remainder of our value at that point? That new company will care very little about us.
I think we're all missing that there is a legitimate argument for preferred shares. They just aren't presenting a very good case at this point so I'm doing it for them. This is, of course, just a hypothetical. I have no knowledge of managements desires or intent. It's just a simply number counting game.
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