QDRX Message Board - Msg: 1999291

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Microcap & Penny Stocks : QDRX

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To: Steve who wrote (2383)	8/19/1997 9:09:00 AM
From: Glenn Olsen	of 3977

Steven The directors/management cannot hold much in terms of percent since they've doubled the o/s shares in the past year through the use of reg s/d financing. I'm very skeptical of partial period numbers being included in the financial filings. It is just too easy to move revenue and expenses around the cut off dates improving either or both and then seeing the actual results in the next full quarter. 8/14 filing covering 6/30 data. It'll be Nov. before anyone really knows what's happening. Research to your heart's content but you are investing in a vacuum. Already $1 million more in reg-d issued and what.. $2.5 or 3.5 million more lined up at 80% of market value. Minimum 9 million more shares than the 43 million they reported. I don't recall ever seeing a company announce they have not only done a current reg-d but have lined up another one for the future. Maybe their "honesty" should be a positive. The company just makes me want to cry.:*( Seemingly decent product, nice market, potential deals. Then comes the management. They buy VEGA and get sued and lose because the machine wasn't VEGA's to sell. Huh? Wimbledon license cost them $400K to cut? They buy Lion Golf and sell it back. They spend money like they can print it in the basement (well they can with reg s/d). Since January they've released PR stating they have contracts with OEM's but cannot release the names due to marketing planning. The CEO comes out in March announcing how great things are and no reason for the stock to be down (course 2 weeks later 8 million shares of reg-d stock hit the market from the $3.2 million deal they cut in Feb without anyone knowing). They buy Victor for ~$3 million claiming it is profitable and has sales of $18 million. On a cost/sales basis that meant QDRX should be worth $.03 per share?? Spinergy, TM, Golfsmith,etc. Just little bits to keep the mood upbeat. Someone will have to explain how you can chart a stock that changes this much. Geometrically expanding shares, relatively uncertain costs and revenue, few production contracts and unreliable management. Sounds chaotic to me. Glenn

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