The main concern for me is the amount of stock owned by the family members in this company, coupled with the HUGE number of options.
Whilst on the 'surface' (unintentional PUN), the options and stock numbers tied up seem massively excessive to me and would dilute the current shares on offer by more than 50% at their respective grant rates.
The question then becomes, how monies will be distributed to shareholders when income is produced.
To anyone that hasn't been on the receiving end of majority holders in a company, I would suggest you do your homework.
This is my 2 cents worth, I hope it is helpful. Well done to those that got out at 3.6 cents, not exactly a megaboom - but a good return for some.
BTW, no I don't want to buy shares in QBL, I have been on the receiving end as a minority holder against a majority, it is not pretty and wish no one the same dilemma.
Don't hate the players, hate the game.
QBL Price at posting:
2.7¢ Sentiment: None Disclosure: Not Held
