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Bullboard - Stock Discussion Forum Quantum BioPharma Ltd C.QNTM

Alternate Symbol(s):  QNTM

FSD Pharma Inc. is a Canada-based biotechnology company. The Company operates through two segments: Biotechnology and Strategic Investments. Its Biotechnology segment is focused on furthering the research and development of the Company’s two primary drug candidates consisting of Lucid-MS and Lucid-PSYCH, as well as the development of UNBUZZD. The Company’s Strategic Investments segment is... see more

CSE:QNTM - Post Discussion

Quantum BioPharma Ltd > Financials
View:
Post by GrahamB on Jul 21, 2023 10:45pm

Financials

"For the three and six months ended June 30, 2023, net loss was $5,490,293 and $15,447,822 compared to $4,424,165 and $10,329,502, respectively, for the comparative periods in the prior year. "
Source: sedar.com

Lets see-about 16 million cash burn over 6 months, around 5 million in cash now...
Can anyone hear a going concern statement coming?
Liquidity crunch maybe?
Lawsuits pending, trials being discontinued....
Yikes
All IMO
DYODD-I did-glad I steered clear
Comment by Bigmac4000 on Jul 22, 2023 1:30am
It's so sad the amount of people that lost everything in this ponzi scheme.  It's sunk by end of summer. They blew 16 million in 6 months, was that under Raza ? I'm pretty sure this was ADs mess. I know the FSD fanboy page likes to blame Raza for everything. This has been ADs mess from day one. They've hired doctors weed scientists, celebrities, political people. All gone ...more  
Comment by breakout on Jul 22, 2023 1:42pm
I wonder if they are the ones in charge of recruitng the MS patients also. 
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