Dorick
4 days ago
Happy New Year, Everybody! Yes, Mr. PC - and we all admire your remarkable patience!
Later this month we will have both a new President and a new Chairman of the Securities and Exchange Commission, and I happen to know that we will also have new Complaints of SECURITIES FRAUD filed to the SEC against Scammer Danzik, FlooidCX (Quantum Energy Corp), Quantum Energy Inc and Inductance Energy Corp. Just like Trevor Milton for example, and many other fraudsters, Scammer Danzik believed that he could defraud investors out of tens of millions of dollars and no one would ever bother to prosecute him for it. We'll see about that.
Dorick
2 weeks ago
Okay let me get this straight. Actually qree.energy ALWAYS listed Quantum Energy CORP on the "Contact" page, even though the "Leaders" listed on the "Leadership" page were Quantum Energy INC officers and board members. It listed Harry Ewert as CEO, not Danzik, who wasn't listed in any way. Because of this Leadership page, as well as the url QREE.energy which uses the stock symbol of Quantum Energy INC, I always assumed that qree.energy was owned by Quantum Energy INC. But maybe I was wrong, and it was always owned by Scammer Danzik and Quantum Energy CORP.
MagnetLover
2 weeks ago
It is certainly convoluted. QREE is the original company. Danzik took over FLCX, which was a software company, in summer 2022 in order to immediately merge it with QREE. FLCX was emptied of its asset (MBE split off). The merger subsequently failed. I have 0 idea why he had to do this since he already had control of QREE.
What also seems odd to me is the hurried name change to qqqq.energy. I couldn't find an 8K for the ticker transition (besides, as I said previously, qqqq is a former nasdaq ETF ticker, I am really not convinced they will get that ticker even if they asked for it).
MagnetLover
2 weeks ago
https://www.otcmarkets.com/otcapi/company/financial-report/398651/content
Net loss before income tax. I didn't understand why it is (5,803,980) and not (12,500,554)
But I think I found the issue. They reported (4,250,000) instead of 4,250,000 and 901,171 instead of (901,171)? Hence the Total Other Income and (Expense) was positive and not negative.
One can see it wasn't audited...
MagnetLover
3 weeks ago
Also, and can someone else take a look the following because it sounds a bit crazy. on page 13 of their last annual report
Looking at the Consolidated Statement of Operations for the 12 months ended December 31, 2023:
Loss Before Other Income and (Expense): $(9,152,267)
Total Other Income and (Expense): $(3,348,287)
Adding these two figures together: $(9,152,267) + $(3,348,287) = $(12,500,554) and they reported ($5,803,980)
Am I wrong or did they used subtraction instead of addition ?