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Bullboard - Stock Discussion Forum Questor Technology Inc V.QST

Alternate Symbol(s):  QUTIF

Questor Technology Inc. is a Canada-based environmental emissions reduction technology company. The Company is focused on clean air technologies that safely and cost effectively improve air quality, support energy efficiency and greenhouse gas emission reductions. The Company designs, manufactures and services high-efficiency clean combustion systems that destroy harmful pollutants, including... see more

TSXV:QST - Post Discussion

Questor Technology Inc > Guess what just happened ... COO Ulakovic resigns
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Post by Angles on Sep 17, 2021 7:47pm

Guess what just happened ... COO Ulakovic resigns

I saw something ready to hit the fan based upon the stock price free fall lately (Absolutely NO SUPPORT). Now it is a little clearer and comes out. Plus, they make the announcement very late on a Friday night. We saw this foreshadowed in many other previous items (The selling of his shares, horrible sales and results, and not making progress on the many programs, showing he was not getting it done). Either he could not work with Audrey (who can), or he could not do the job he was hired for (probably true too) and the real truth is that they were far to late and getting behind the curve on all the developments being undertaken with no sales, which was going to come to a boil sooner or later. However, this may be only the first part of what we see going on inside this company. Plus, we are going to hear more lame excuses and finger pointing as to why QST has failed AGAIN. Sorry fellow shareholders. So, Audrey basically kicks him (or he abandons a sinking ship), lets him take the blame (for sure) and shareholders get screwed further. Like I said previously, I or almost anyone else could run this company better than it has been managed over the last few years. More of ridiculous garbage again. Sadly, my prediction of the stock price falling to $1.19 (when it was trading at $1.81 on August 16, 2021) is probably going come true shortly, as well. My own predictions and opinion. Angles

2021-09-17 18:16 ET - News Release

Ms. Audrey Mascarenhas reports

QUESTOR ANNOUNCES DEPARTURE OF CHIEF OPERATING OFFICER

Questor Technology Inc.'s Darko Ulakovic, chief operating officer, has left the company, effective Sept. 17, 2021. The company thanks Mr. Ulakovic for his contributions, including his efforts over the past year during the COVID-19 pandemic.

Audrey Mascarenhas, chief executive officer, will directly oversee the company's business operations while a search is conducted to find a replacement to continue accelerating its strategic transformation.

Comment by JuanDon on Sep 17, 2021 8:08pm
At a certain point Audrey has to look in the mirror. She has been the only constant there with steady turnover in every other position. Heck the whole engineering department left in 2017 to start their own company own company how nad must it have been. Is she just difficult to work with, failing to put the right people in place, or both? How do you grow a company like that? I don't know much ...more  
Comment by Dunworkin2 on Sep 17, 2021 10:09pm
He left the company. Resigned or fired? I don't know, most corporations keep these type of announcements more neutral for legal reasons. Either way, he left 10 days shy of a full year. Maybe that saved the company some money.? I don't know Audrey, but I can see that she was the ceo in Feb 2020, prior to covid, when the share price was over $5. I'll stick with her and add on any dip.
Comment by Angles on Sep 18, 2021 2:01am
Hey Dun I cant see how you are very happy in loosing 75% of the value of your stock in 19 months. I know I am NOT. Plus, there is not much down side for dips from here to buy at, so I really don't agree or understand your comment; I don't know Audrey, but I can see that she was the ceo in Feb 2020, prior to covid, when the share price was over $5. I'll stick with her and add on any ...more  
Comment by Thrifty23 on Sep 18, 2021 7:42am
How do you make money the last 12 months in this space when the majority of your revenue is tied to the E&Ps spending? E&Ps simply were not opening their wallets. Diversification for questor is a no brainer, unless you like these big ups and downs in share price. They are going to recover, we are at the bottom. I have been a bottom feeder my whole life mainly in the commodity space so I ...more  
Comment by Dunworkin2 on Sep 18, 2021 8:08am
Hi Angles, QST has weathered Covid19, probably the worst short term oil price collapse in history, and a change in power in USA. Covid19 is hopefully getting under control now. Oil prices have bounced and depending who you listen to should be even stronger in 2022. Biden coming into power is good for climate change, but frustratingly slow to pass/implement new legislation. If ...more  
Comment by Possibleidiot01 on Sep 18, 2021 7:22pm
UPDATE 4-Biden asks world leaders to cut methane in climate fight Jeff Mason and Alexandra Alper Fri ...more  
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