It’s really all in the telling that’s created the sellingQNC definitely needs a better pitchman.
In retrospect, talking to Pierre Miron was not the smartest thing.
He’s definitely a deceptive pumper talking about CA’s and not being desirous of doing a PP under 30 cents.
JC Phaneuf wants to stay behind the scenes and Pierre is left to speak to investors.
These folks are paid $240k and $72k respectively.
This does not include all the associated travel and entertainment expenses.
To be candid, they have delivered zero in shareholder value if you go strictly by where the stock currently sits.
We were led to believe the patents would be pivotal to landing some type of deal so we patiently waited to see fulfillment.
The denouement proved to be anticlimactic.
In just over a month, the share price has fallen from a high of 29.5 cents to 11 cents.
Even Fibonacci is left scratching his head.
The share price collapse is a direct reflection in corporate weakness at telling a cutting edge cyber security story in a way that fuels investor interest.
However, All is not lost.
The story needs to be told by a more investor savvy voice.
IR is now long overdue.
Its time for them to step up their game.
There is intrinsic value in the patented technology.
The cyber security space is not static but rather fluid and there is a global push by sovereign nations to secure the online world with quantum solutions.
QNC has a solution that secures the IOT.
The fact they have been unable to lock down a deal does not presuppose they will not get a deal.
The first order of the day is to start an immediate IR program in parallel with importing talent that can message more convincingly to targeted entities.
JC is weak. So is Pierre.
Bertrand is not And he has done a good job evolving the DNA of his invention.
Talent can be imported.
IR can import new investors.
There can be no delay in moving on these initiatives.
I see some have sold on the run up while others have sold on the way down.
Its easy to rationalize the frustration of the more steadfast shareholders who are rightfully shocked by the cratering of the share price.
I too am frustrated.
But we are only in February and this story is easily salvageable with some proactive actions.
Theres no way JC and Pierre don’t know about investor consternation.
To a public company, the share price makes or breaks.
Its time for them to act in a manner that benefits their persevering shareholders.