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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 Mar 05, 2020 1:44pm
110 Views
Post# 30771422

RE:FSD Financials

RE:FSD FinancialsI just read 39 pages of garbage. Absolutely garbage. It said 41 but I only saw 39. High tide. When did that firesale happen. Didn't even know about it. All that bragging for a year and a half from the regulars about the high tide profits to come. Nothing. Page 5 was the final nail in the coffin. Then as you pointed out, the only money was the 257k that Was moved from the Q3 and put on the Q4 results. These guys spend like governments. The expenses are Out of control. Look at the amount of failures and lawsuits. They say at the end of December we had 7+ million. But almost 5 Of that was internal staff if I remember correctly. If it wasn't for Management throwing in their own money and the fire sale of High tide. They would have less than 2 million. They have 7 at the end Of December. They sold cannara for another 7.7 million. So let's say they Have 14 million or so. Probably less. And they spend how much a year? Now let's talk about the phase 1 and 2 trials. How much will that cost On top of the normal yearly expenses. 14 million isn't 50% of what they Spend. So let's go with the diluting stocks. It's already worth about .034 cents. How low can this thing go. The results were worse than I thought. But if you don't believe their math and you don't believe me. Read page 5. Ridiculous!
Bullboard Posts