RE:RE:Stuck in the bargain bin @ $0.96 Here is my take;
1. Debt facilities cancelled - Hard to read. I would have liked them to keep them in place or even expand them for the future opportunities (you need money to make money, finance big orders, expand sales, marketing and the rental fleet, as well as do acquisitions) but that is not the Audrey way. For the small fee it costs each year, hardly worth cancelling now after all these years. I don't think it has anything to due with a future deal, partnership or any other kind of arrangement but would love to be proved wrong on that.
2. No insider buying - Questor Tech has always been very poorly supported by any open market insider buying. However, there have been many open market sell orders by insiders over the years. Audrey and some other board members keep expanding their positions for FREE or with very low priced options. That is their way of supporting themselves. They just granted themselves more options @ $1.00 recently.
3. Board member leaves with no announced replacement - I was sad to see this particular board member leave as he was the most educated member with lots of aggressive past business experience along with doing big deals and really increasing sales with his past associated companies. Too bad Audrey did not listen to him and take some of his ideas into play at QST. However, he has a great new deal at a billion dollar plus company. I would like to see them appoint a really independent director who would fight for our shareholder rights and values. Yeah, that is never going to happen.
4. Explanation for above - I like you can hope this is setting the stage for some future transaction to come, like a takeover or merger, where they don't need expanded credit lines or more board members. Have Audrey retire and sell or hand over the company to someone who can do a much better job than her, we can only pray and hope. I have followed QST too long to think that is the case. Would I like to see Audrey sell her control position in the company and put it in the hands of someone who could take the technology, products, market share, rentals, money on hand and do something with it that would strongly represent the company and shareholders with much greater value ... For sure! I would estimate there are individuals and companies that would pay Audrey over $2.50 for each of her shares. Please listen and take them up on their offers.
5. Conclusion - If nothing comes of this, I believe QST shareholders are going to continue to suffer. Sure, I also believe they are going to report improved second quarter results in August but how much better could they really be doing with much better leadership ... heck any leadership. I have said for the last two and one half years, they have not put enough emphasis on SALES, MARKETING and RENATL FLEET UTILIZATION. This has let their competition and many newcomer companies take lots of orders QST should have had and overall sink Questor Tech shareholders value and worth. I sure hope I am wrong, and something is in the works. I would be such an improvement for all of us.
Again, all stated facts and opinions are my own. Good luck to all old and new QST investors.
Angles.