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Quinsam Capital Corp C.QCA

Alternate Symbol(s):  QCAAF

Quinsam Capital Corporation is a Canada-based investment and merchant banking company. The Company is focused on the small-cap market with early-stage investments in the technology, healthcare, mining exploration, e-sports, and cannabis markets. The Company’s business encompasses a range of activities including acquisitions, advisory services, lending activities and portfolio investments. It invests its capital in its own account in assets, companies or projects. The Company does not invest on behalf of any third-party and does not offer investment advice.


CSE:QCA - Post by User

Comment by mercedesmanon Nov 16, 2021 1:37pm
67 Views
Post# 34132743

RE:RE:RE:Time for a new board

RE:RE:RE:Time for a new board
Beaudry007 wrote:
With the US feds legalizing pot in the near future, we still have a chance that we can make some money here

Ray



On that front

"Overall, some federal reforms of cannabis legislation are likely around the corner. As public opinion has turned to overwhelmingly support cannabis use for medical purposes as well as for recreational purposes, at least some elements of the proposed legislation described above become more likely to pass. In addition, as more states receive substantial tax revenue from cannabis legalization, the federal government may seek to take its own piece of cannabis tax revenue through federal legalization.

https://www.mondaq.com/unitedstates/cannabis-hemp/1123084/updates-on-federal-cannabis-legislation

Republicans in the U.S. House of Representatives introduced legislation on Monday that would decriminalize marijuana at the federal level and eliminate legal hazards facing many cannabis-related businesses while regulating its use like alcohol.

Representative Nancy Mace of South Carolina, who is spear-heading the legislative effort, described the bill as a "compromise" with less onerous regulations than measures proposed earlier by other lawmakers including Democrats.


https://www.usnews.com/news/top-news/articles/2021-11-15/us-republicans-move-to-decriminalize-marijuana-at-federal-level



However...

As importantly, the BOD has to find a way for the stock to garner more attention in the investment community, rather than just hoping for pro Cannabis US legislation to breath life back into the sector/QCA.

Since August Roger has purchased... . 1.5M shares personally.  Good !
The Co has also purchased about 2.5M shares for redemption.  Also good. Another approx. 2.5M to go in the NCIB - with no buybacks in the past few months.  Why not?

Not enough DEMAND in the supply/demand equation to even support or hold the price... with the stock falling in price of late, while still likely trading at about 1/2 its Net Asset Value. (while competitors trade at 2X)

IMO, it's incumbent on the BoD to:
  • finish the buy-back at these ridiculous SP levels.
  • demand that Roger bring more attention to the under-valuation story through better promotional efforts.  Perhaps by allocating 10 % of his time to promotion vs. looking for new deals.
  • consider more detailed NR's that highlight invidiual transactions  and pending opportunities (e.g like BLR)
  • perhaps put in another NCIB buy-back (I've heard up to 10% can be allowed in certain circumstances).  If necessary, liquidate any currently performing holdings (or dead in the water holdings) to generate the cash to do so.
MM
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