Quantum eMotion Corp V.QNC

Munger bot 9000

[OKBOOMER12]

Our favourite malfunctioning spam bot, Munger, is on the right track. 3 directors have options locked in and may cash out at some point and be replaced by Bellidos team. Bertrand has not filed his options because he's staying. Correct me if I'm wrong, could Bellido not have remained as CEO of Soundbite and still take control of our board? Potential pump and dump by directors like this before a RTO would not be favourable for a professional institution.

[Munger]

Bellido counts as one vote. He cannot take "control" of the Board.  Bellido has probably bought a ton of shares and needs to be on the Board to ensure the transition is being properly done and protecting his invention and investment.

[luckyluc]

In a RTO the privately held cie`s investors in this case Fidelity investment plius some others take control of QNC by becoming majority shareholders of QNC. Once they have control they suggest a buyout of the the QNC shares to the shareholders but since they have majority the minority shareholders like u and me cant say anything. Bellido is just the orchestrator of all this. At current around 10

[Malricy]

THANK YOU LUCKYLUC EXACTLY!! When they have majority, we have no say!  When an institution buys a certain percentage of shares, don't they have to file a report?? Can anyone explain? And how long before they have to?

[luckyluc]

Do u have to fill a report when u buy shares ? They are private investors like u and me but with deeper pocket ! lol they are not on the board neither in management of QNC which has nobody since PM and JCP are gone.

[Malricy]

I thought that onc, even a private investor like you and me, accumulated a certain percentage of a company they had to file an "early warning report" or something like that. Maybe someone who knows can share an explanation?