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Microcap & Penny Stocks : Quantum Technology Corp [QTTK]

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To: Tim Davies who wrote (96)6/11/1999 4:47:00 PM
From: Louis Sohn  Read Replies (1) of 137
 
Tim,

I met with Don Beck a couple of weeks back and this is how he explained the company would make money. First of all QTTK is taking in investors with a minimum investment of $1MM. In order to become an investor in the trading system one not only needs $1MM, but also must produce stock certificates (be a shareholder). For instance if you want to invest $1MM you need at least 1000 shares $2MM 2000 etc. This not the actual ratio, just an example, at the time of interview the exact ratio was not discussed.
The company then trades the money and keeps 50% of the profits. According to Don most of the profits earned by the company will be distributed as dividends. If the systems works well and more people want to invest Don doesn't plan on issuing more stock, he plans on splits.
This is Don's/QTTK's business plan. By the way contrary to some things that I've heard from other investors, Don is not going to share this trading systems with anyone (license it etc.). The company retains the trading system and manages all trades internally.

Hope this helps.

LOU
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