Short term, I believe you are absolutely correct.... not because the company has a future but because that is the way this game is played.
QSI has not met their potential but I also believe it has been run with integrity by Kevin, the CEO and Co Founder. This is not a scam company. Anyone that reads the last 3 filings will see that they are being completely honest about where they are.
If you, the note/debt holders are able to make some money and/or recover some of the losses, that's a good thing. What sucks is that QSIM is at the end of the life cycle. Someone has to be left holding when the trading stops.
I bought in before they went public and made some of my loses back on one of the sub penny bounces.
QSIM will undoubtedly produce some nice short term profits for those that time it right.
Having bought in 2011 at effectively $2 per share, I have an emotional component that should not apply to sub penny stocks although my assessment of the company's situation of being basically out of business being absolutely correct by QSIM's own reporting.