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Bullboard - Stock Discussion Forum Questor Technology Inc V.QST

Alternate Symbol(s):  QUTIF

Questor Technology Inc. is a Canada-based environmental emissions reduction technology company. The Company is focused on clean air technologies that improve air quality, support energy efficiency and greenhouse gas emission reductions. The Company designs, manufactures and services high efficiency clean combustion systems that destroy harmful pollutants, including Methane, Hydrogen Sulfide gas... see more

TSXV:QST - Post Discussion

Questor Technology Inc > posted on the ANRG and GRN board by retiredcf
View:
Post by Possibleidiot01 on Oct 12, 2022 8:17pm

posted on the ANRG and GRN board by retiredcf


October 10, 2022 - 01:13 PM
213 Reads
Post# 35015838

Comparisons

I bought XBC, QST, GRN and ANRG believing that they were well positioned for the energy revolution. Unfortunately, investors have not been interested in supporting these companies and now we have the first one to go bankrupt. There could be more to follow as QST has been on the ropes for over five years. What is it going to take for these companies to go broke? How much more time do they have in public markets and is it worth the pain of holding them through another market crash?

Small companies typically require financings on a regular basis, and much of this relies on confidence, which is in short supply right now. Also, the lower the share price, the more dilution is needed at a fixed amount of capital raised (i.e $10M raised means more shares sold at $1 than at $5). QST has more than $10M cash, but it costs money just to be public. But its cash burn has been minimal so it should have a bit of time (few years at current burn). GRN has about 4 years' cash, but as it is growing quickly, it may decide to raise money before that. It is much larger, and has minimal debt. We would expect it to be able to raise money if desired. ANRG has the largest debt level here and the largest cash burn. But it is also the largest company of the group, with $400M expected in revenue. Management has been through capital market downturns before, and sold prior companies. They have a good reputation and we would expect some long term investors to support the company, if needed. Not risk-free, but likely ANRG is the safest of this group even though the financial picture 'looks' worse on paper. (5iResearch)

Comment by mlmack on Oct 13, 2022 1:05pm
Questor is far from going under. XBC got themselves overextended and their bank cut them off. With 27.8 million shares outstanding QST has $14.88 million cash ($0.53), $16.2 million working capital ($0.58) and a book value of $29.9 million ($1.07). They recently cancelled their banking facilities as they did not need the money. As far as cash burn QST has increased cash and investments by $0.222 ...more  
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