SA32, Herb Reichlin was the CEO and Burt Goldstein was the Chairman. They were there with Phaseout, and other products that never got off the ground and one patent that was way ahead of its time (Under the QuestNet Tech portfolio and a recent win against Apple).
Key thing here, QPRC was paying their old directors about $146,000 a quarter for old loans made to QPRC. As of the new 8K they are no longer making those payments. The older leaders are now going to be paid in stock and stock growth. The way I see it, they are willing to skip cash in hand for risk and potential. What did they see to take on risk?
" In conjunction with securing the capital facility, the Company extinguished the legacy secured note providing operational stability and increased flexibility as the Company builds and monetizes its portfolio of intellectual property assets" https://www.qprc.com/news
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