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Quantum BioPharma Ltd C.QNTM

Alternate Symbol(s):  QNTM

Quantum BioPharma Ltd. is a Canada-based biopharmaceutical company. The Company is engaged in building a portfolio of assets and biotech solutions for the treatment of challenging neurodegenerative and metabolic disorders and alcohol misuse disorders with drug candidates in different stages of development. Through its wholly owned subsidiary, Lucid Psycheceuticals Inc. (Lucid), it is focused on the research and development of its lead compound, Lucid-MS, which is a patented new chemical entity to prevent and reverse myelin degradation, the underlying mechanism of multiple sclerosis. Its unbuzzd beverage is a proprietary formulation of vitamins and minerals to help with liver and brain function for the purposes of relieving the effects of alcohol consumption and restoring a normal lifestyle. It maintains a portfolio of strategic investments through its wholly owned subsidiary, FSD Strategic Investments Inc., which represents loans secured by residential or commercial property.


CSE:QNTM - Post by User

Bullboard Posts
Comment by Bigmac4000on Feb 21, 2020 7:06pm
140 Views
Post# 30719893

RE:Additional Thoughts on FSD

RE:Additional Thoughts on FSDI see this the same as the crippling RS that happened right before being delisted. It was a fire sale of assets. They sold for under value which means cash was low. Which I have been saying for months. 7 million in September. Burn rate of more than a million a month. The 7 million would be gone by April. Give or take. Now we have a cash infusion of another 7 million which equates to another 6 months (give or take) so by October this cash infusion will be spent. I give them credit for keeping the lights on for another 6 months. The only other real asset is the building and that would be a really hard sell. Only a very specific buyer would ever be found for that. FSD has approximately 8 months to secure more funding. Here's hoping this lifeline gives them that chance. The markets didn't seem to care today. Another question would be, what would they have made of Cannara if they had held the shares. They should be selling by June and would give FSD steady income for life. I suppose it's a catch 22. FSD didn't have the funds to last till June. Quite the predicament they put themselves in.
Bullboard Posts