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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

Post by Bigmac4000on May 16, 2023 3:06pm
123 Views
Post# 35450893

Although not a record im sure, its not a good milestone

Although not a record im sure, its not a good milestoneApril 12 FSD was riding high at a whopping $2.04 or $0.010 pre RS. Here we are 14 days later we are down $1.02 ($0.0050)  with almost no money in the bank (people forget the financials were from months ago and we've already chewed through some of the cash. We have a 53 million lawsuit thats very possibly true, given that we got inside information about a product, hired a spokesman for similar product and annouced the product publicly with the intent to form a division for this product, that sure sounds guilty to me. We have FSD 201 that is barely in phase trials and the patend expires early 2030. Lucid could not make it on its own and AD stole company funds and did a aquisition of his own company with FSD funds. Lucid trials are barely off the ground. As a share holder i would try to sugar coat all this if it was still 2018 or 2019 but sadly i know how this company operates and I can see the writing on the wall. FSD has been on life support for many years and this CELCIUS 2.0 scandal i think is the death rattle. We wasted 2 milion company funds to repurchase stock to get to $2 and now its all for nothing. Do we spend another 2 million? We are probably already under 10 million as it is. Im going to sit on my balcony and have a good stiff rum and coke and try and forget this waste of my life for just a little while.  .
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