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Microcap & Penny Stocks : QTNT -- Ignore unavailable to you. Want to Upgrade?


To: happycamper who wrote (540)9/22/1998 5:16:00 PM
From: Swingdr1  Read Replies (2) | Respond to of 789
 
happycamper - who are you and where did you come from. I see that you are a member since 9/21/98. You have only two post (both to QTNT) and this was your last one:

<<Dave Taylor knows his product and he knows the industry...I personally have a lot faith in him!>>
<<The main thing Dave Taylor needs to do now is generate sales...once sales increase the stock price will rise accordingly...I believe that in this industry you don't need a polished, business school-educated CEO.>>

Do you know him personally or are you David Taylor? Personally I have talked to him several times and he seems to have the management level suited for a paper route, see my previous post. (SI: QTNT (#525/541)) I have been here since April and have made several calls the the company, none of them reassuring. You may not need to be a business school educated CEO, but you do need to know how to manage a large company and negotiate contracts with retail stores (ever tried to close a contract with a company like Wal-Mart, it is not like dealing with hometown shops). You must be very organized and have a lot of leadership qualities. He may not need to have all of skills, but he needs to surround himself with some great management and someone who can close large contracts. Hopefully he will find these people because he can't do it by himself.
If you have some concrete information then please let us know, because I am still holding this stock long since it is at 13% of my purchase price. If all you have is blind speculation then save it for happy hour at the your local bar.

Good Luck All,
MAK



To: happycamper who wrote (540)9/23/1998 10:18:00 AM
From: Dave Gore  Read Replies (1) | Respond to of 789
 
Well, you are wrong about Taylor, but they do have a good product so they might succeed in spite of themselves. I don't want investors to get caught again on this stock, however, without knowing the pitfalls, so let me ask you some questions.

How do you know that the interest rate is low and that they didn't authorize even more shares on the side to others? They still have not anwered questions about their dispute with GEM's lenders... and Kernagan, who loaned them money, is a Canadian shorter. The PR firm got tons of shares as well and won't reveal how much they will be dumping into the market to pay their expenses each month. With volume low, this is a problem.

There are still lots of questions. You have to understand that about about 150 shareholders bought this stock heavily in July and August and not only got screwed by the MM's or shorters and lost lots of money, but Quicktent kept revealing more and more damaging things about themselves. They were definitely not forthright and the last straw was when Taylor finally admitted that Quicktent was their own Transfer Agent....not good. The IRS is watching! Too many abuses are possible. The Taylors who should have known EXACTLY what the float was (as transfer agent) said it was 350K, then 450K, then 750K , now it is 1.4 MIL. What is going on? IS it really higher still?

Shareholder trust is gone. The company actually said they were profitable in Q1 and headed for $12-18 million in sales by the end of the year (see March 31 PR). It turns out that they will be very lucky to have $1 million in sales, and they were never profitable. They promised Q1 finanicals and never delivered!

Taylor lied about the terms of the GEM deal and told me not once, but 3 times, that GEM was getting no stock under $1.00 and it was restricted, BUT... it turns out they got 200,000 warrants at ZERO and it was free-trading!!! This was when the stock was about $1.15.

Then they got Kernagan involved, a known Canadian shorter. How many shares did he get?

I could go on...I know this company inside and out. I made over $200 in long distance phone calls.

Solid, new management is needed. Then we may come back.