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This made me laugh! lol
typo...*but I don't think the board will do a placement again so soon* after the last one ..
Just waiting for the hard line QFI message board communists to accuse me of being negative, troll, sealion?
Hi Petergar I am with you 100% on this one but I don't think the board will do a placement again so after the last one as I am sure they will recognize that there will be a % of shareholders who will simply refuse to put more money into this company without, at least, a pre-contract in the pipeline.
I had told myself I wouldn't put any more of my funds into QFI - and if there was a placement today I wouldn't take up my allocation.. as even though there's been a lot of activity on the agreements front, there is still no sign of the elusive contract.
I have to say though, if there was some news about a pre-contract as you mentioned, I would probably be tempted to take my allocation at a placement.
However, as many other have said here, funding is now no longer a problem - they seem to have many options - so I highly doubt they will go cap in hand again to the shareholders and will take the borrowing route
I am with you on that one Tony - but on the positive side what have got to remember is that if a company is doing well and posting the numbers it doesn't matter, shorters will lose!
I am involved in another share right now that is flying and there's a lot of shorters saying it's overvalued and the numbers don't make sense etc..but the company keep releasing positive news and are on track to be in profit by 2020 which is amazing considering how new they are.. and the share price is reflecting that causing the shorters to get screwed!
Bottom line is, it doesn't matter what shorters of QFI post etc if QFI sign some big contracts that will bring us revenue - the share price is only going to go up!
___Also it's funny how when I ask whether, unless there is a RNS to follow, there will be a speeding ticket, I get insinuations of being a troll or shorter, but when Petergar asks, he gets a genuine response.
Hi Petergar,
As a LTH it is frustrating to get hit with a barrage of abuse and accusations of being a troll or 'sealion' every time I make a post.
Thanks for the support and seeing that far from being a troll, I am simply voicing my concerns.
FYI Fyoz I have now listened to the conference call and while good to see they are exploring different partnership opportunities, I won't be getting carried away until there is a contract on the table.
Also it's funny how when I ask whether, unless there is a RNS to follow, I get insinuations of being a troll or shorter, but when Petergar asks, he gets a genuine response.
I only asked because, while the conference call had some reasonably promising info, there was nothing to warrant a 35% or so increase in the SP - Not that I am complaining, and I hope it will continue to rise, but I was just curious.
Best of luck to all
LF
Definitely happy to see it climbing up...my average price is around 30p though so a long way to go... how about you boyporsche?
20% up with no news? I really wonder what is going on.. Maybe a speeding ticket to follow unless no RNS?
I came here hoping for some enlightenment on the share price increase... no one seems to know either... I’m really hoping something big is around the corner and not another MOU lol
Ok Salinger you are totally correct. QFI don't need a sales team, this product clearly sell itself!
The business development strategy is working really well and is on course, I was completely out of line. MK and the guys are clearly closers! We are all on track for some serious gains here and no doubt the contracts will be signed!
Can't wait! Cheers guys!
PREPH To completely slate my industry is extremely disrespectful.
I have looked fully into MSAR what on earth are you talking about? It's a potential game changing product, and this is why I effing invested in the first place! and continue to hold!
I simply disagree with the strategy to rely solely on third parties to sell the product, WHY am i being criticised for this? It hasn't worked so far. I shouldn't be held accountable for this opinion as I am stating a fact.
In answer to your question why do I only appear when there is good news, SIMPLE. I don't consider another partnership agreement as good news. How much money has it put in our kitty? Until it does I view it as neutral and I am appearing because I think the board are using these agreements to show positive activity when I feel they should be focusing their energy on an in house sales and development team.
What a disrespectful post PrepH. Commercial property is a specialist type of business development role and those who are successful in it are not 'ten a penny'. I worked for 20 years for some of the leading players in the space and it is a very dynamic and challenging industry. I also stated they are different industries to oil and gas but business is always business, those who over complicate, fail.
I had forgotten why I don't like to post here. Anyone who has a concern of the companies commercial strategy is gunned down, it happens every time. Are you guys all related to the QFI team or paid to shoot anything deemed 'Negative' down?
What a shame
So in summary.... our business is too complex to have direct sales people? I'm sorry Salinger but I completely disagree.
If a product is 'too complex' to sell that is the worrying sign and perhaps that's why QFI is where it is currently at.. you say you're convinced current strategy will work based on what? Pure instinct?
@blackwash lol it’s not about glass half empty or full.
Shareholders need to see it as it is. Don’t see it as worse or better than it is, but as it is.
I’m voicing my opinion because I truly want QFI to avoid going out of business. If the company is still in business in December I will also voice my comments directly to the face of the directors there, but by that point I hope our fortunes will have changed and that we will be generating revenue, if not I do have concerns over the feasibility of QFI managing to survive.
It’s always a risk with small caps, I’ve been burned before but I want QFI to turn it around
Just to expand on that previous comment; I would have 3 month contracts which unless there is a client signed, or one in the pipeline is cancelled. Sound harsh? Yes, but it’s a numbers game and urgency is key right now.
Time is not on QFI’s side.
My background is commercial property. I was responsible for running a large brokerage in the sector and we had both direct clients and introducers (partners who receive commission like the QFI partners) what we found is the partners took much longer to bring business (when they did they were normally bigger clients) however the bread and butter and fastest business was direct clients. Of course these are different types of industry but the fundamentals are the same
Hi Salinger. You are correct and it wasn’t a factually correct statement. What I meant was though, all these agreements are just pieces of paper - to get them to the point of contracts takes a lot of work and as we have see from previous agreements there has been yet to appear a single client. Many of these agreements may end up cancelled like other agreements.
What would I do differently?
With the urgency for funds they expressed earlier this year I would sign 3 month agreements with these companies with a higher revenue share on clients introduced, this will create more urgency and incentive.
I would recruit 3-4 sales execs perhaps 1 Arabic, 1 Latin American, 1 Asian, 1 European with experience and contacts in our industry to focus 100% on signing direct clients (not partners). Pay them high commissions and performance related bonuses.
We all agree QFI have a good product, I certainly do, otherwise I would have sold out a long time ago, but bows the time for a new approach. I really don’t think relying 100-% on these strategic partners is an intelligent move
Preparation H - Thanks for your post, again another LTH who attacks those shareholders who publicly voice their concerns. Is anyone else on here noticing this pattern? It's feels almost like a communist state on here! Only positive posts about the board or you're crucified!
I certainly did post that, I want QFI to get some real sales people on board. Aleph, Al Khafra, Redline, Bitumina, Younes Maamar, and Freepoint are THIRD PARTY companies who are NOT exclusively selling QFI and therefore you cannot use these in lieu of sales people, it's not an intelligent strategy, they need a bigger salesforce with experience in closing clients, why am I attacked for saying this? It's something I feel is in the best interests of the company.
These third parties, for all we know, are spending less 1% of their working days on promoting QFI, or potentially days when they are not promoting them at all. Exclusive QFI sales brokers who are paid to sell QFI and nothing else is key right now, so yes PrepH I stand by that comment 100%
@Salinger thanks for your opinion, unlike others here, I will take it on board and respect it. Perhaps you can do the same to LTH's who have their own opinion.
The answer to the question from MK, was, I am sure, what he genuinely believed at the time. My point is that he got it wrong, and this is why I don't really take everything they say at face value, as up to date the company has 0 revenue.
If their strategy was so successful to date, they wouldn't have had t0 raise funds less than 6 months ago to avoid, in their words, 'an orderly winding down of the company'.
What I think, is that there are many shareholders who would like to see less RNS's pertaining to meaningless agreements and finally an effing RNS with a contract.
I've had this stock for 5 years and have yet to see one. It would really be nice to finally get one, I mean this is, supposedly a business right?
By the way, if you don't agree with me, that's perfectly fine.
Perhaps those who are overly protective every time a conflicting opinion pops up think the poster is trying to de-ramp the share price, trust me this is not my intention, and it won't be those posting here who do that, the market reacts to news and numbers, the rest is irrelevant.
@Salinger thanks for your opinion, unlike you, I will take it on board and respect it. Perhaps you can do the same to LTH's who have their own opinion.
The answer to the question from MK, was, I am sure, what he genuinely believed at the time. My point is that he got it wrong, and this is why I don't really take everything they say at face value, as up to date the company has 0 revenue.
If their strategy was so successful to date, they wouldn't have had t0 raise funds less than 6 months ago to avoid, in their words, 'an orderly winding down of the company'.
What I think, is that there are many shareholders who would like to see less RNS's pertaining to meaningless agreements and finally an effing RNS with a contract.
I've had this stock for 5 years and have yet to see one, it's pathetic.
@blackwash I will not be selling my shares as I have held since 2014, so why would I sell now at these levels?
It's incredible the abuse shareholders on here get who type any type of comment deemed 'negative'. All I have expressed is the fact I do not agree with the boards strategy at this stage of signing more of these agreements. All the past ones have led to nothing, so I am perfectly within my right to be sceptical as to why they think, now, at this stage they are continuing the same strategy.
In fact I didn't listen to the conference call as the one prior to this one revealed absolutely nothing new.
Anyone who was present at the 2017 AGM, as I was, is probably sceptical at the words of MK and the board after we were told in answer to a fellow shareholder asking what happens if the KSA is not signed in Jan 2018 'we do not expect that to happen'. We know the way that worked out.