Quantum BioPharma Ltd C.QNTM

FAILURES by Dr. Bokhari and the Board

[junjun26]

Actually, In November 2020, as the price of the Shares approached new lows, Messrs. Durkacz and Saeed, founding directors of the Company and two of the Concerned Shareholders, spoke to Dr. Bokhari, about this lack of progress and identified what they believed was a promising strategic acquisition opportunity.

[junjun26]

They were disappointed that Dr. Bokahari showed no interest in considering the opportunity and, in December 2020, sought to have the Board reconsider Dr. Bokhari’s position.

[junjun26]

Dr. Bokhari has also used his position as the Company’s Chief Executive Officer to take direct actions against individual Concerned Shareholders. These improper punitive actions have exposed the Company to unnecessary legal claims.

[junjun26]

Shockingly, this is not the only example of Dr. Bokhari abusing the power of his role to silence opposition to his conduct. Mr. Saeed, a Concerned Shareholder, is a co-founder of FSD. On December 23, 2020, the Company’s legal counsel wrote to him advising that a special committee of the Board was conducting an investigation into certain employment-related matters involving Mr. Saeed.

[junjun26]

Under oath during cross-examination, Dr. Bokhari has since acknowledged that there was no such special committee and that this was merely an independent action undertaken by him to attack Mr. Saeed for “insubordination” in the face of his challenges to the Company’s management

[Mil_Man54]

Looks like junjun26 is one of realization's other accounts

[junjun26]

People who have much time criticising others that is Mil_Man54.

[junjun26]

And then Failed to address the dramatic loss of Shareholder value, with the Class B Shares trading over 97% lower than when Dr. Bokhari was appointed Interim Chief Executive Office

[Mil_Man54]

Blah....blah....blah.....give it up pumper

[junjun26]

Failed to effectively implement the Company’s business plan to become a pharmaceutical and biotechnology company, having to date failed to meet any of their modest stated goals.

[Mil_Man54]

junjun26.....failed as a pumper....

[junjun26]

Denied Shareholders any say on the change of the Company’s strategic focus, failing to hold a Shareholders’ meeting in 2020 and seeking to delay holding a meeting in 2021.

[junjun26]

Caused FSD to reimburse Dr. Bokhari’s privately owned and controlled company for over $1.4 million of expenses in 2020, with limited transparency or explanation.

[Mil_Man54]

[mhaimillionaire]

The Company had not held an annual meeting of Shareholders since December 2019, prior to the change in business strategy, and it was time for the Shareholders to have a chance to vote on FSD’s future. The Board (other than Messrs. Durkacz and Saeed) delayed considering the Requisition for several weeks before responding by scheduling a meeting to be held on June 29, 2021, nearly six months after

[Mil_Man54]

Finally....I thought this pumper would never leave.....please ignore EVERYTHING this ulti-account pumper posts....it's self serving BS and only half the picture.....do your own DD outside of this board and make informed decisions about your investments!

[junjun26]

As requested by the Concerned Shareholders, the Court also ordered that Dr. Bokhari not act as chair of the Meeting. Instead, an independent person will be appointed to ensure that the Meeting is run in a fair and orderly fashion.

[junjun26]

FYI..Dr.Bokhari and the other 2 boards failed to address the dramatic loss of Shareholder value, with the Class B Shares trading over 97% lower than when Dr. Bokhari was appointed Interim Chief Executive Officer.

[junjun26]

There is a really big loss to the Company’s market capitalization which is shrunk since Dr.Bokhari was appointed Interim Chief Executive Officer on. October 29, 2018.

[junjun26]

The Concerned Shareholders have identified many actions by Dr. Raza Bokhari and other board members, Stephen Buyer, Robert Ciaruffoli, James Datin, Gerald Goldberg and Larry Kaiser, that have harmed shareholders.

[junjun26]

During this time, Dr. Raza Bokhari, Stephen Buyer, Robert Ciaruffoli, James Datin, Gerald Goldberg and Larry Kaiser, have lined their pockets by awarding themselves cash and Class B shares for services yet to be provided

[Boni94]

 That’s why it is really frustrating knowing what they did.

[Boni94]

So the Concerned Shareholders are extremely pleased that these highly qualified individuals have stepped forward to help restore FSD.

[Mil_Man54]

That's right....step forward and up to that FSD trough and get your fill of that hard earned investor's money

[mhaimillionaire]

This post has been removed in accordance with Community Policy

[mhaimillionaire]

This has  been well documented in the past.

[mhaimillionaire]

The facts are, that Durcaz did through investment banking with First Republic bring FSD to the market.  For this they received a significant payment, the size od which as questioned independentlty .