A PR from company on this amendment should clear all doubts.. They usually release news on Tue and Thu.. lets hope for more clarity probably, tomorrow???
People saw 100m added shares and immediately thought dilution. That's honestly what it looks like on the surface. No wonder Tom Nelson wouldn't respond to me, no wonder the CFO punted that question on the conference call so hard that the ball left the stadium. Red flags galore today.
" it's almost ALL PREFERRED STOCK in the increase and THAT is for anti-takeover !! " What am I missing? It went from 500M Common to 3B Common 25M Preferred to 100M Preferred The Common went up by 2.5B shares or 6 fold. The Preferred went up by 75M shares or 3 fold.
Wow I was gone for hours and just checked the QNTA PPS and thought WTF happened. Looks like nothing but panic sellers. Unreal. Glad all my other stocks and ALT coins are doing great. We just have to be more patient with QNTA.
People DO NOT UNDERSTAND how the hell to read these filings - it's almost ALL PREFERRED STOCK in the increase and THAT is for anti-takeover !!
Further- they only mention a reverse split as they are likely to RAPIDLY GROW SALES and then a small reverse split to get over $4 a share and UPLIST HELLO NASDAQ !!
Else- this has MERGER/ACQUISITION WRITTEN ALL OVER IT !!
TOTALLY being misinterpreted here by the OTC dumb money amateurs as usual - NOTHING negative is in that 14C filing, NOTHING !!