Member Info for WongaFC

In my opinion, the most likely scenario is "sell" deals placed with market maker and left on the books until a buyer is sourced. Whenever someone "buys" some shares, these orders will be filled with previously placed sell orders. For example, the MM has 1,000,000 shares in his open "sell" orders. Someone then comes along and buys 100,000 and to the buyer this looks like a "buy" trade. However because it is fulfilled from the existing 1,000,000 "sell" order, it shows as a sell. Conversely if someone tries to buy 100,000 and there are no sell orders in place, the MM will fulfil, (if it's not fill or kill order) from the next sell order received from the share. This will show as a "buy".

I could place a sell order today but for a price of 1.50p, but as the live price is 1.28p, it is unlikely to settle, however, it can remain on the books for some time and if the share price rises in future, it may well be fulfilled by someone willing to pay 1.50p. This buyer would see his purchase listed as a sell as my sell deal was placed first.

Hope this helps....

FYOZ,
I admire your optimism and I am neither de-ramping or thick! As a long-term holder of this stock I have seen many false dawns, but remained optimistic the product would succeed. I have built my shareholding considerably but my latest purchase will be my last. As such, why would I "de-ramp" or even want the share price to fall?

You should not jump on every negative post as if there is an agenda behind it. I simply posted because I am no longer optimistic and have more or less written off the invested capital, (while praying for a miraculous turnaround in fortunes). Everyone is entitled to an opinion, without the need to be labelled "thick".

Yes, the company has many irons in many fires, but equally history has shown their inability to convert "irons in fires" to a commercial contract. This is reflected in the share price collapse. Just look at the share price graph! The peaks are less peaky and the troughs are deeper and more sustained than ever. Unfortunately the general shareholding population do not share your optimism for QFI.

We've been through oil price surges to over $100 a barrel and more recently the lead up to and introduction of reduced sulphur regulations. During these apparently opportune times to capitalise on the benefits of MSAR, we are still without a commercial contract and I believe this will likely remain the case.

Time will tell and as a holder, I will be delighted for these sentiments to be proved wrong. I don't want the company to fail, I want it to succeed and I want to be rewarded for the faith and capital backing I have given the BOD over the last 8 years. BUT facts are facts and dreams are merely fantasies.....

While I realise the Covid effect is more than problematic for many companies around the globe, even before it took effect the writing was on the wall for Quadrise. You only need to look at the share price over the last 12 months to see where this is going. I would bail but to be honest the value is so low, I'm prepared to loss everything in the hope of a miracle.

Despite all the rhetoric and positive messages from the BOD, we are going nowhere. I can't see the company becoming profitable in the near to mid-term future, nor can I see where future funding will come from given loyal LTSH are becoming disillusioned and the fundamentals will not provide confidence for external investment.

I've been very patient with this share, but have now lost what little optimism I had. With the share price closing in on 1p, this I believe, is the beginning of the end.....

Despite saying I would not put another dime into Quadrise, the 300,000 purchase this morning was mine. What the hell, take my holding to a round million.

Onwards and upwards, hopefully?????

Well despite saying I would not buy any more shares, I have just bought another 200,000!

Too cheap to resist for me.

Strangely the trade is showing as a sell

We're doomed!

Lionel Fancy, don't open a bookmakers shop!

"Who wants to bet that as of Dec 2020 QFI still wont have a commercial client?
I will offer odds that they do sign a contract at 100/1
Odds they don't have a contract at 1/10
I have got to make my money back on this company somehow!!!!!"

Ok, I'll wager £10,000 on a contract at 100/1 and as a hedge £900,000 on no contract at 1/10.

I am now owe you £910,000 in stakes, however by Dec 2020 you will owe me £990,000 or £1,010,000 in winnings.
Sounds like a good investment to me!

I feel quite lucky compared to some on here. I have traded this stock since early 2012, with buying prices ranging from 3.35p to 26.13p and selling range between 8.87p and 35.28p.

My average share has cost me around 3.60p and I am close to half a million shares for an outlay of just over £17k. I am a sure fire holder of these shares and prepared to risk all in the hope of the company turning potential into contracts/sales. I will not however buy any more shares in any future capital raising offers. Ever hopeful....

Boyporche,
Read my post. When do I say I hope the company will close? The very opposite is what I hope. I just believe QFI need to start earning money and thereby probably enhancing the SP. From my perspective, I will not be sinking any more money into QFI.

If they fail to commercialise in the next 12-15 months, I think the goose will have flown. Rises in the SP may indicate they are getting closer to achieving this.

I want this company/share to do well. If they do I will have the option of early retirement :-)

With the latest offering now fully subscribed ensuring funding for quite some time, I think the next few weeks will be key and if QFI is ever going to make it, I expect to see share price rising very soon. If not, I expect there will simply be on last cash burn before closure of business.

Another false dawn??

Problem is there may not be many more day-breaks to come.

Retirement keeps getting kicked down the road for me.

I calculated it would cost me approx £56.40 to sell and take up the 2.50 offer, assuming the selling price is 2.40p. However, when looking into this I noticed I had a larger cash holding than I thought and more than enough to subscribe to the offer. So, despite my concerns, I have "committed" another £800+ to the QFI cause. Always the optimist....

I meant to add, the extension of the closure date by another week is not inspiring news and makes me less confident about prospects. No more shares for me meantime.

Recommending selling at current bid price 2.35 to buy back at 2.50 is a guaranteed loss before trading costs are applied.
The BOD offering existing shareholders "first dibs" to "avoid dilution", could easily be read as; it's more cost-effective to raise capital this way and these investors are a much easier sell as they are already committed to the company.

It could be a much harder sell to the market and as mentioned another offer price would likely be lower than the 2.50 of this one. If Freepoint are really committed and believe in QFI's potential, this £2.2m is a drop in the ocean for them, why have they not underwritten the offer with a guarantee to buy up any shortfall?

I have been in this share since early 2011, buying and selling on the rises to 20p+, until my original £1,750 stake was worth over £15,000. However, I have also made bad calls in the last few years and only hold 325,000 shares now.

I am still hopeful of the big breakthrough moment, but did not subscribe to the OO as I am concerned the business could go down the tubes. I could sell out completely but would be gutted if the share price rose to the heady heights of 40p+. So while I remain hopeful, I am not prepared to risk any further capital and should the worst happen, I will merely see it as a £1,750 loss and move on.

I've given up on the competence of the BOD, but sincerely hope recent alignment with Freepoint, can drag this company into commercial success.