tag:blogger.com,1999:blog-754894216207950592.post4419859622778005966..comments2024-03-20T15:55:23.392-07:00Comments on NoNameStocks: Activism and a Possible Sale of QDLCDan Schumhttp://www.blogger.com/profile/05728696891530868697noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-754894216207950592.post-17597869884691493912018-06-23T10:57:01.617-07:002018-06-23T10:57:01.617-07:00The settlement left out Swarztrauber, the founder,...The settlement left out Swarztrauber, the founder, former CEO and technological brains behind the company. He left the company on August 18, 2017.Anonymoushttps://www.blogger.com/profile/00151385679194081431noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-65361923592487484492018-06-23T10:38:05.321-07:002018-06-23T10:38:05.321-07:00They did come together and the CEO is out. Marc Se...They did come together and the CEO is out. Marc Segan is the new CEO though he goes by Managing Director. The problem is that the CEO was the chief technologist. Anonymoushttps://www.blogger.com/profile/00151385679194081431noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-61574483066681767342017-08-02T07:02:51.556-07:002017-08-02T07:02:51.556-07:00And the proxy battle is over. See the settlement ...And the proxy battle is over. See the settlement here: http://www.otcmarkets.com/stock/QDLC/news/Quadlogic-Controls-Corp--Settlement-Agreement?id=166028&b=y<br /><br />Both sides came together with an agreement with a couple of people from the Concerned Shareholder Group being added to the board. They say they'll be filing financial reports audited annually and un-audited biannually. It says they'll form a Strategic Planning Committee to "assist management and the Board in finding and developing ways to enhance shareholder value and to provide liquidity to the Companys shareholders." <br /><br />Fingers crossedDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-6465331394618487322017-07-17T14:46:40.606-07:002017-07-17T14:46:40.606-07:00The process is still on-going. Both the company m...The process is still on-going. Both the company meeting on July 10 and the concerned shareholder group meeting on July 11 have been postponed until Aug 8. Right now the two sides are talking, trying to get to a resolution agreeable to both. If they are not able to come to an agreement then the votes will be counted on Aug 8 and we'll go from thereDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-62386392781637356542017-07-17T14:39:25.985-07:002017-07-17T14:39:25.985-07:00How did this turn outHow did this turn outAnonymoushttps://www.blogger.com/profile/04996976250312624927noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-14069795125108163602017-06-28T11:32:51.951-07:002017-06-28T11:32:51.951-07:00QDLC also has yet to respond to the multiple email...QDLC also has yet to respond to the multiple emails I have sent over the past few months with questions regarding the Mexico contractsDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-50803924098165229792017-06-28T11:31:52.472-07:002017-06-28T11:31:52.472-07:00By the way when the company proxy came out last we...By the way when the company proxy came out last week I tried contacting both sides to get their story. Fagan of the Controlled Shareholder Group called me a couple hours later and we talked for quite a while. He responds to all my emails promptly. QDLC's CFO has yet to respond to my email.Dan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-91610645512768667392017-06-28T11:23:57.473-07:002017-06-28T11:23:57.473-07:00I don't think we have enough information to ma...I don't think we have enough information to make that statement but certainly that's what the current board wants us to believe. For one thing it's hard to define "group out of power" and "group in charge" because the same CEO has been there all along. From the sound of it, his role has been reduced as the President pressed into Jamaica and Mexico. Going from the public reports on their website we have revenue peaking in 2012 at $17M then falling down to the current level of $12M. We have no info before 2011. Fagan (guy leading the Controlled Shareholder Group) was COO from 2000 to 2009 and they were dark that whole time so who knows what their numbers looked like. <br /><br />Going by the timing and contracts mentioned in the company reports and PR recently I get revenue estimates of $14M in 2017, $15M in 2018, $17M in 2019, and $12M in 2020. I don't have much to go on with those estimates other than the couple Mexico contracts they have disclosed and the company has not answered some of my questions on timing so I will probably be wrong. The point here is with the President doing his thing we have revenue at or below where it was 5 years ago so it is really that great now and was it really that bad then or are we just seeing the normal ebb and flow of a business? <br /><br />The main thing to me is communication. Who cares about operations if the company will not tell anyone about it. The existing board has shown, for many years, they do not care about communicating with shareholders. They would not even show financials to the shareholders as required by state law. They haven't held an annual meeting in over a decade even though it's required by state law. So to hell with them and get them out of here. <br /><br />Other side to the story is the CEO. He certainly shares in the blame for the company no communicating and not holding an annual meeting. But it seems he has changed his mind and is now on the side of a group of people looking to bring transparency back. Dan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-45470845762081341522017-06-28T09:57:08.582-07:002017-06-28T09:57:08.582-07:00BUT looking at the reports on the web site it appe...BUT looking at the reports on the web site it appears the problems were caused by the group out of power and the group in charge has finally turned the co around. Am i seeing it wrong?binghamcpa@gmail.comhttps://www.blogger.com/profile/03562725435271950285noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-72542183009508606942017-06-28T09:23:52.110-07:002017-06-28T09:23:52.110-07:00yeah I got that too. They do not like the Concern...yeah I got that too. They do not like the Concerned Shareholder Group or the CEO.<br /><br />While it was nice to see some communication from them it's way too little too late. F them. They haven't told us anything for years until the Concerned Shareholder Group came alongDan Schumhttps://www.blogger.com/profile/05728696891530868697noreply@blogger.comtag:blogger.com,1999:blog-754894216207950592.post-4853092876188187982017-06-28T08:29:37.644-07:002017-06-28T08:29:37.644-07:00I just got a second letter from the current Board ...I just got a second letter from the current Board of QDLC (yesterday). While inexplicably unsigned, it was on QDLC letterhead. They had no problem denigrating the CEO but somehow failed to address the significant issues raised by the "concerned shareholders group." While I only own 10,000 shares, I voted in favor of a new Board and as instructed, did not complete QDLC's formal proxy. It will be another 10 or more years until we hear from them again should they win this battle.DGrauhttps://www.blogger.com/profile/10942567448658917651noreply@blogger.com