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

To: steveK. who wrote (627)	1/21/1999 7:52:00 AM
From: Swingdr1	Respond to of 789

I still own QTNT stock, mainly because is has went from $ 1.50 to .12. They had some questionable financing and a lot of unfulfilled promises. I haven't posted here for a long time because of frustration over a company going nowhere lead by incompetent management. I still think there is a slight chance of QTNT making a come back but this would be under the very high risk portion of your portfolio. Exerts from previous post: They said they will sell 50,000 tent next year, which would result in approx 3 mil in sales (based on $60 sales price $99 retail). This is a far cry from the $18 mil they forecasted for 1998 - actual was $ 0? I am hopeful that by if nothing else but blind luck this comp can rebound. Although I don't think it is possible with David Taylor at the lead. He seems like a nice guy but has no experience running a business. I have talked to DAvid Taylor 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 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. MAK