Thankfully December 31 is 5 months away...
We may see significant sales posted by then.
The simplicity of this company awes me.
They have the patented technology to build these special 10 second
pop up tents, they have a cheap Chinese producer, they have very few employees (because basically, they aren't needed)..so no cash burn in this family majority-owned business. Because the family doesn't need exorbanate salaries for themselves.
QTNT gets financing (done), orders tents (done), Chinese producer supplies tents, they resell them to outdoor retailers with a 25-38% profit margin.
Basically these guys would never go bankrupt...why?...because they only need to order enough tents to meet demand.
Because demand is higher than the supply... financing options are not considered that risky.
QTNT basically says, "oh, you want tents?, how many?".. they order them with their financing, sell them to the retailers, they pay QTNT.
QTNT makes the profit margin.
So the MM's can play their games.
But you have a company worth a mere $1.6 million in market cap at
$.20 per share.
If it dropped to .10 a share... $800,000 market cap.
If it dropped to .05 a share... $400,000 market cap.
If it dropped to .01 a share... $80,000 market cap.
How much farther can this stock fall.. to .10?
I don't think so.
Remember, QTNT has increased the float not the Outstanding Shares.
8 million shares is 8 million shares... no matter how you slice and dice it.
I will accumulate as .20 - .50 buyers become bored and sell off as time passes.....which they will do if the MM's wait them out.
By the way, QTNT says they plan to transfer their record keeping of QTNT stock back to OTC Stock Transfer, Inc. in 30 days.
This is good news. Then you can check QTNT's shares accurately on a daily basis should you choose.
Good Trading!
-DavidCG |
