Replies to post #878 on QSAM Biosciences Inc. (QSAM)

[Wrangler1]

Randy, isn’t Nelson still with QSAM? You mentioned that he is no longer with the company? We’re you speaking of QSAM or another company?

[ChuckFinley305]

Your criticism of the company is only partly accurate… I understand that you and Chuck and other investors lost money with Chris Nelson and Kevin Bolin at the helm. Did they intentionally try to make the company fail? I doubt it.

You are correct! The company did exactly what it was designed to do... enrich the 2-3 at the top while leaving the shareholders in subpenny land. It was designed to "fail"...... They took hundreds of thousands of dollars out and kept signing toxic debt deals that diluted the shareholders’ value... Also, don't forget about the $250k+ PPP loan they personally received!


Here is the plan:

Get stock shell
Give illusion of the company on the verge of producing a product that will have great demand
Fill the BOD with person's in that industry (Pay with cash + Stock options - no need to consult with them)
Get loans based on projected sales and current stock value
Use loans to pay the executives
Get Toxic loans to pay back original loans - back with by stock

When you are no longer able to get financing backed by stock because the value is so insignificant, do a reverse split and announce the acquisition of a new company.. change the product that will be offered... Rinse and repeat.


Did I miss anything Bobby??


-Chuck