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  • wesp3000 wesp3000 Oct 26, 2003 5:12 PM Flag


    The insider holdings are near zero. Why??? Because the Sparkey business stopped and they realised that there is nothing else?

    This is a nanocap, maybe they will succeed (they still have a couple of millions), but currently are burning cash.

    I have had many small plays like this one and in the majority of cases it ended in a disappointment.

    Very risky company. And no, I don't own the shares; I own shares of their competition!


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    • so 1.07% of the outstanding shares are owned by insiders. if that percentage of insider ownership was to suddenly EXPAND, oh well, too late if you're not a shareholder.

      the company's sales were up 39 percent over last year and with 80-100 percent sales gains across most consumer electronics lines this year, qsnd's resulting royalty stream may show an even greater year to year comparison.

      look at the income statement again and you will see an positive annual 'cash flow.' also, all companies burn cash.

      if you own shares in the competition, OF COURSE YOU'RE GOING TO TELL EVERYONE QSND IS 'A RISKY COMPANY!' you 'have had many small plays like this one and in the majority of cases it ended in a disappointment' probably because you believed your own rhetoric! and if you believe that your company can't stumble competing against qsnd, then disappointment will fall into the natural order of things for you.

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