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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
Post by Bigmac4000on Apr 29, 2020 10:13am
166 Views
Post# 30965883

Stop asking about FSD and Covid

Stop asking about FSD and CovidFSD is broke. Flat broke. They tried to raise funds and only got around 4.50 million and that was from internal only. Then they sold high tide, cannara and attempting to sell the building. They are scrounging together pennies to get through this PEA experiment and can't pay for that. They sure as h3ll can't start Covid-19 trials. Now not just one lawsuit but two pending lawsuits and one due in court in June. If they don't sell that building I'm afraid they may have to setup a gofundme just to pay the taxes. They have more scientists and employees than a hockey team. This company started with around 52 million May 2018. They have enough funds at the current spending rates to get them through to September ish give or take 2 months. That's personal opinion based on ALL their financials which have consistently bled 3+ million every quarter they have existed. Don't forget to factor in two potential losses in lawsuits. (yes they could win) . So no they will not be partaking in clinical trials for covid. Well unless they decide to change course for a 4th time lol. The only hope they have is phase 1 goes with flying colours and at the same time they sell that monster building. That will buy them time to get phase 2. If and it's a huge if, they pass phase 2 with no discrepancies I can almost guarantee they'll be bought by a big company ASAP because of the risk of succeeding without the use of opioids. Will we break even who knows. Am I even right, who knows. This is total speculation at its best.as I've said before , I'm in this pretty deep and am a idiot for making this decision. I fell for the hype in Oct 2018 and kick myself daily for not cutting my losses. That said all I can do now is watch it dwindle to nothing and hope for something. By the time I decided it wasn't coming back the losses were so extreme I figured let's ride it out. I sit on a balcony in +30 year round retired. So it's not changing my lifestyle much. I'm 44 if I lose it I lose it. Just maddening they played us and led us to believe the buildout was going well in 2018 and early 2019. If they had admitted in all those videos that Auxly was at a standstill with 25000 completed I would have walked. But they bragged about the 220,000 going well ON VIDEO. That was my downfall. Live n learn. Hope Graham, crazyD, reno, and the others are having an awesome quarantine. I know we are on different sides of the opinion but it's still fun to banter. Just keep er clean lol
Bullboard Posts