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Bullboard - Stock Discussion Forum 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... see more

CSE:QNTM - Post Discussion

Quantum BioPharma Ltd > Checking In
View:
Post by GrahamB on Sep 12, 2023 10:08am

Checking In

Haven't been here in a while, so checking in- looked at the most recent finacials on SEDAR:
Net loss from continuing operations =15,447,822 for the last 6 months including 8,263,030 used in operating activities. With 5,670,847 in cash,and assuming they can collect receivables and push it to 9,106,810, still have current liabilities of 5,848,912. With cash burn, upcoming legal issues (Deja Vu) in my estimation a liquidity crunch is coming. 

What exactly has this company achieved since its formation?
Comment by Bigmac4000 on Sep 12, 2023 1:50pm
I used to have the number but i forget, how much cashed they have accumulated and burned through since 2018. From the initial IPO to now. Its mind boggling what they have blown through, padding friends of friends through gimmick employement positions just to pay out some cash, bonus shares and let them go and hire more friends. Then all the scams from the plant to the construction to all the silly ...more  
Comment by GrahamB on Sep 12, 2023 2:55pm
Hey BigMac, Amazing isnt it. Multiple changes in direction-cannabis,algae, oil, extraction, PEA for IBS, now wait COVID is hot chase that one, .... Lets move to lucid, mushrooms, - enough of the drugs lets get off them with unbuzzd... Dont worry about voting as a shareholder with dual control shares... Meanwhile dilution, consolidation... Form new companies, spin off assets, buy companies they ...more