Replies to post #67115 on QSGI, Inc.(fka QSGI)

[jaxstraw]

The 190 million will be used for aquisitions

Patently false and totally impossible.
The 190 million shares are privately owned restricted shares distributed to the insiders of QSGI in the Share Exchange Agreement for their ownership of old Krusecom private shares.

Each individual from management was awarded a percentage of the 190 mm depending on their vested interest. It is clearly laid out in the SEA.

The company cannot use because the company does not own them. The same way they could not use common stock already owned by regular shareholders for acquisitions.

Any acquisitions will have to be made by issuing new shares entirely. And that will have to come out of the 2 billion they are authorized to issue.

This is all clearly laid out in the POR.