Post by
Hiddensecrets on Jan 04, 2021 9:49pm
QSC $ 5 million PP INCREASES PROFIT MARGINS to 65%.....
The PP of $ 5 million will pay down some debt therefore, QSC saves interest payments.
In addition QSC now has funds to quickly expand cubes without having to wait for insurance funds that take 60 days to 90 days.
QSC also saves cost of financing receivables preferring to keep sale funds in its pockets.
In latest press release QSC said it was opening a cube and was paid the rent with 350 antigen tests per month given to the municipality. This saved QSC money.
A common theme arises: KEEP PROFIT MARGINS OF 55% AND INCREASE THEM.
If QSC has done factoring, then margins go down. If QSC keeps debts on books, then interest eats into their dollars and, any money made cannot be used for growth but must be used to pay debts.
QSC prefers to GROW.
Canaccord could solve this delema for them but they wanted a deal. Cost would be some dilution and shares at 25 cents. In return QSC maintains HIGH PROFIT MARGINS and gets Cannacord to bring investors to QSC.
After reflection and putting emotions aside, THIS WAS A VERY SMART DECISION.
We can now realistically expect 125 cubes by January 31st.
MPO
Comment by
wembley on Jan 04, 2021 10:08pm
You all have very short memories. Two weeks ago you could of bought as much as you wanted at .15 cents. Grow up boy You are lucky to involved.
Comment by
TotalCorruption on Jan 04, 2021 10:16pm
Grow up! Who put it there? It never made sense!