still getting rodgered, page-3

yeah, the 'sophisticated' investors are getting shafted? there's something funny about QRS structure - like the company that actually does the science is QRS Limited, a non-public entity, while the one that lists on the ASX is QRS holdings (QRS:ASX). There's been some confusion about the ownership of QRS Ltd, hence I guess the last announcement by QRS which said basically there's no information being withheld about QRS finances, oh yeah? QRS actually own 61% of QRS Ltd due to recent dilutions - two of them really, and not the one dilution brought about by the public placement, there's also the employee options scheme in QRS Ltd. All a bit messy.

The upshot it seems to me is that we can expect to see further falls in QRS:ASX before any further advances. She's definitely on the way down I'd think. And I for one never liked that u-bidder the other day, should have bolted when I saw it.

Still, providing there is some progress on the commercialisation front all isn't lost, but QRS won't be the winner I thought it would be some time back. I just think they are too shifty. All just my opinion....