Quantum BioPharma Ltd C.QNTM

Is This The Future?

[Mil_Man54]

It seems that FSD lead by Anthony Durkacz is walking down a dark path...not only are they desperately attempting to boost the SP by using investor funds for a share buyback...but they have been below the minimum threshold for remaining listed on the NASDAQ for 2 weeks now...after 30 consecutive days they will be given a letter of non-compliance...I see the SP taking a spiral down if this happensa as investor confidence (if there is any left) will be non-existent...and as Walter pointed out...we can look forward to another RS in a desperate attempt to remain on the exchange further eroding share value...any comments from anyone other than our resident pumper?

[hashboy18]

Whats so silly is these two clowns gained control of 43 million in the til that the former ceo raised . They are using that money to fight him in court..

[DavidRosenberg]

Raza never updated his shareholders how many COVID-19 patients were tested where are the results of those trials he failed to create an AGM meeting they could have of done it digitally    

[Mil_Man54]

Still trying to put all the blame on Raza there pumper......because AD is your proclaimed saviour of us all and can do wrong.....

[DavidRosenberg]

  AD was the saviour form raza now he needs to find a CEO to replace himself AD did what he could to save the company and our shares now it's time for him to find someone capable to grow shareholder value because his skill set is for investment banking not to be CEO... time will tell 

[Mil_Man54]

LOL....you don't actually expect us to but that BS you're spewing.....AD has been part of the problem since day one and still is....and don't forget the only reason Raza was ousted was because he didn't buy into the Lucid deal which AD was invested in...so if Lucid wasn't a thing...Raza would still be the CEO....just remember that pumper....

[DavidRosenberg]

  no way    Mr. Durkacz said, "Undertaking these material transactions as proposed was simply not in the best interests of FSD and its shareholders - nothing about the process of their approval and execution was normal or appropriate. These were improper, self-serving tactics by Dr. Bokhari and the collaborating directors to preserve their positions at FSD while they

[DavidRosenberg]

  https://www.newsfilecorp.com/release/81833/Concerned-Shareholders-Issue-Information-Circular-for-FSD-Pharma-Inc.-Shareholders-Meeting-Urge-Shareholders-to-Vote-Their-Shares-Using-the-Gold-Proxy  

[Mil_Man54]

So you are taking the press release from the group that wanted to remove Raza and take control of FSD to allow them to purchase Lucid with no resistance....you know...Lucid the company that AD was heavily invested in....as the true and unbiased facts....did I get that right pumper....

[Mil_Man54]

You have seemed to forget the other affidavit where it was documented that AD got irrate and combative when Raza told him the Lucid deal was essentially a bad idea and he wouldn't support.....funny how just after that the drama to remove Raza started....but I can see why you'd believe AD's version...since you're paid to support him....

[JAKPUG4LIFE]

Durkacz Durkacz: He had an average loss of 92% over 11 stocks in which he had been involved, and He has received over $28.7 million CND in cash and warrants for being both a director and broker for FSD Pharma via First Republic.

[JAKPUG4LIFE]

57. Durkacz and Saeed’s reaction was an out-of-place response to a run-of the-mill corporate decision made by the board in the exercise of its business judgment. It was only later, when Durkacz belatedly disclosed in some detail that he had a material financial interest in Lucid, and therefore stood to benefit from FSD Pharma acquiring Lucid, that his over-the-top reaction could be put in context.

[JAKPUG4LIFE]

70. Third, Dr. Qamar informed Durkacz that there were seven or eight clinical trial agreements that needed to be reviewed by an attorney. In particular, these agreements included indemnification language that needed to be thoroughly studied, because the language could impact the liability of FSD BioSciences and FSD Pharma in connection with the trials. 71. Even though Durkacz was directly told

[JAKPUG4LIFE]

https://www.chamberlitigation.com/sites/default/files/Goyal%20v.%20FSD%20Pharma%20-%20Complaint.pdf

[JAKPUG4LIFE]

...

[hashboy18]

I don't  think raza is going to give up this fight so easily,he feels like he has been cornholed by his long time buddy zeeshan and  wants to stop these guys before they spend the money on promo and useless mushroom stuff

[Mil_Man54]

From what I gather there is no more fight....if I remember correctly they are in binding arbitration....so he'll get something....the question is how much....in my opinion...the whole lot of them should go to jail....

[hashboy18]

that means they can no longer spend the money on promo to make a market for their free shares,So they will get the boot from nasdaq and then what?

[Walter333]

Imo This is a hype promo machine, the only value ever attained has been temporary value through the use of excessive promotions, they will most likely do yet another RS to attain a sp that meets the criteria to stay listed. They still have $40 some odd mil left to eat off of after all. Millions have and continue to be spent on promotions, salaries, fruitless acquisitions to date, lawsuits

[JAKPUG4LIFE]

....

[Mil_Man54]

Yep...and they're using that money for a lot more than that....the buyback...$2.5M annually for 6 marketing firms....Saeed get over $500K a year in salary....and that money will pay out Raza for whatever the arbitation decides....plus the hidden costs we don't know about....like promotion...right Rosenberg....

[Walter333]

Want to hear what's even sillier? AD used to brag about setting volume records and used the 52mil they had on the balance sheet as a promotional tool. Oops it's down to 43mil, do I hear 30mil, 20....15? Whole thing is a complete sheet show. They spend like drunken sailors on promotion, and fight like buzzards over a carcass as shareholders suffer.