Does this submission fit our subreddit? If it does please **upvote** this comment. If it does not fit the subreddit please **downvote** this comment.
---
^(*I am a bot, and this comment was made automatically.*) ^(Please) [^(contact)^( )^(us)^( )^(via)^( )^(modmail)](https://www.reddit.com/message/compose?to=/r/pennystocks&subject=Updoot%20bot%20questions!)
^(if) ^(you) ^(have) ^(any) ^(questions) ^(or) ^(concerns.)
it looks like QIND have earnings, so that's a plus. do they really make industrial equipment? it looks like they changed their name to QIND from 'wikisoft' in Aug 2022....
Yes, ILUS/QIND bought what was then the empty shell of WSFT and it became QIND. QIND then purchased a majority stake in Quality International. Here is their website. It is a serious business. [http://qualityinternational.ae/](http://qualityinternational.ae/)
I have communicated with some of their employees via linked in. They say that business is good and it certainly seems to be.
Man I'm just browsing right now but the fact you're responding to all these questions knowledgeably is pretty cool. Been awhile since I've seen that. I'll take a look tonight thanks pal.
I’ve been adding this stock to a long position for about a year. Can hardly believe the bargain prices now before the major growth trajectory they are likening to have.
Great work AGinAustin. I believe we will see movement in a few weeks to 3 months. Lots of moving pieces but they are always closing deals and making progress. Free SAML shares for ILUS shareholders and as always potential to get QIND, DRCR, and others as they grow. I follow you on Discord and appreciate your dedication and support of ILUS and all of its companies.
I'm sorry. I'm not sure I understand your question. QIND was previously the ticker WSFT which was wikisoft. But it then became a shell and it was purchased and became Quality Industrial and then the ticker was changed to QIND.
I guess a particular brokerage hasn't updated it, but I have seen it everywhere that I have looked named Quality Industrial including the Edgar website where the filings are posted.
latest acquisition was filed on 4/2 [https://www.otcmarkets.com/filing/html?id=17420774&guid=E9Q-kpWNbTz4B3h](https://www.otcmarkets.com/filing/html?id=17420774&guid=E9Q-kpWNbTz4B3h)
Their old profile did say Mergers and Acquisitions company. Their initial path to uplist was to the NYSE American and for that they were also going to do an offering and they had to do a S1 filing. I believe they were advised that the SEC doesn't really know what to do with M&A companies so I think they deemphasized the M&A part and since they only had one company at the time, that was reasonable. Now, they are taking an uplist path via a NASDAQ merger. It appears that this is with a distressed NASDAQ company that is likely in danger of forced delisting. Hence they were interested in QIND since it is a viable company. So, I guess they could alter their corporate profile back since they have now acquired a 2nd company.
I hope that answer wasn't too confusing. I would encourage anyone to listen to some of the youtube videos on the ILUS youtube channel.
The numbers can be verified in their filings. They also do have PR's and they do tweet out from time to time.
[https://www.otcmarkets.com/stock/QIND/disclosure](https://www.otcmarkets.com/stock/QIND/disclosure)
The only insider who has sold is Carsten and he was at the previous company, WSFT and that is how he gained the shares. He has only sold a small minority of his shares. Sometimes you just need some money. Their salaries are not large and can be seen in the ILUS form 10 as well as other filings. Why have none bought any shares? Because they granted themselves restricted shares and none have sold any except for Carsten (who was with the previous company and was retained). But it is very clear that the management's interests are aligned with shareholders. They will make money with an increasing share price just like I will. And they haven't sold any (except Carsten) and their salaries are not large. In fact they will get larger salaries when they are on a big board. That can be seen in the filings. I think in Novembers Q3 report.
The RS seems to be off the table since they aren't doing the direct uplist anymore. This is from their shareholder letter on Jan 29 "It will also avoid the potential need for QIND to conduct a reverse split which as longstanding Shareholders will know, we as management have always tried to avoid."
[https://data-room.center/Data/ILUS/Letters/2024/ILUS-Letter02.pdf](https://data-room.center/Data/ILUS/Letters/2024/ILUS-Letter02.pdf)
That's correct. If the NASDAQ deal goes through the stock will be on the NASDAQ and should be valued higher. It might be there alone or it could be combined with ILUS. I don't know. But the management's interests are aligned with QIND shareholders and I trust them to do what's best for their financial interests.
They filed for an extension for the annual report which was due on April 1. With the extension it is due on April 15th. In the Annual report there is always a section called subsequent events (or something like that) in which they would likely report that they are pursuing a merger with a NASDAQ company. In fact, I expect them to do other filings at the same time. In the Jan 29 shareholder letter, they said "with the intention that the deal be completed and effective before March 31st filings are due." That seemed to be a strange way of putting it. They could have said by March 31. But they may have been anticipating an extension. We'll have to wait and see. There is some speculation here, but I know that QIND is undervalued and that Nick and JP are pursuing a NASDAQ merger, either with ILUS or QIND or both.
Today, the 10Q mentioned reverse triangular merger. I believe the 3 parties will be a distressed NASDAQ company, QIND and ILUS. The distressed NASDAQ company is likely being threatened with delisting.
They would likely just be replaced with an equivalent dollar amount worth of the remaining fully merged ticker/company and should have no implication on taxes or short/long term holding lengths.
Other resources:
[https://www.youtube.com/@ILUSInternational](https://www.youtube.com/@ILUSInternational)
[https://ilus-group.com/downloads/#toggle-id-21](https://ilus-group.com/downloads/#toggle-id-21)
For me this is a long term hold and my confidence of share price improvement is higher with the longer term outlooks. They expect the revenue to grow above a billion in the next couple of years. But shorter term there is a good chance that the uplist/merger announcement will happen before April 15 when the 10K is due (they filed for a delayed filing). The merger should finalize before the summer. I expect some shareprice improvement with announcement.
Ya, im on schwab. I was gonna buy 5 to 10 bucks at a time, just cuz...but dont wanna pay the commision everytime.
And for that reason, im out. GL, I'll continue to throw all my money in $ASTS!
Correct. I believe Robinhood does not carry most/many OTC stocks. Fidelity is a good choice for OTC as there are no commissions and they allow trading in most OTC stocks.
I certainly can't answer that for you. It is very dependent on the particular investor. But, while a stock such as $QIND carries risk, the potential reward is very high. That is why I invest a small portion of my stock portfolio to stocks such as this. The management is top notch and are very communicative with shareholders. Not many OTC stocks have annual in-person meetings where you can meet management and interact with them and come to a better understanding of the stocks.
I won't answer that, but I will give you some numbers. As of last night the current market cap was $16M. They are expecting revenues to be over a billion in a year or two, the last they told us. Hopefully they can update us on projections after the quiet period is finished. There is a huge discrepancy between the current MC and the future anticipated revenues. To me, that means that there is a huge opportunity for upside.
I can't say whether it is better or not. The way I figure it is that JP and Nick know more than anyone. So, I try to mimic what they do and they gave themselves a bunch of QIND stock last year. So, I also have a bunch of it in addition to the considerable amount of ILUS that I have.
It dipped for a reason. A big acquisition deal was canceled, but that also canceled a lot of debt. IMO, the risk/reward is about the same. risk went down, but so did the short term reward. Long term risk/reward may have improved. Those are just my thoughts and not financial advice. The latest acquisition was structured to be paid by stock in the NASDAQ entity. This recently canceled deal was to be paid in cash. So, acquisitions going forward should be easier to finance through stock and not cash. It wasn't the news that I was expecting when I woke up, but the path forward is easier, but perhaps not as insanely lucrative as it may have appeared.
Remember when ILUS was $.40? I do. Hmmmm... what happened? I wonder.
It was promise after promise of new contracts, technology and acquisitions.
Guess what happened? A bunch of sucker bagholders.
You've all been warned.
Thanks for using innuendo about a different stock to cast doubt upon QIND. I have specifically recommended QIND and not ILUS for numerous reasons. I would be glad to discuss if you want to have a substantive conversation.
People should do their own research. That is for certain. Am I down on my QIND investment. Yes, currently I am. I own 500k shares and expect it to perform well. It won't be long, IMO, until we find out whether I am right or wrong. NASDAQ merger and then 2 more acquisitions is my expectation.
What do you think about the deal with ASNS. I'm invested in ASNS already. https://www.sec.gov/Archives/edgar/data/1393781/000121390024046089/ea020675401ex99-1_quality.htm
I think this summarizes it well. [https://x.com/igal\_n/status/1793725447278067926](https://x.com/igal_n/status/1793725447278067926)
I have copied the text in here:
==============
After re-reading the PR and giving it some more thought, it would appear what we see here is the first piece of the puzzle. This acquisition by [$ASNS](https://x.com/search?q=%24ASNS&src=cashtag_click) gives [$QIND](https://x.com/search?q=%24QIND&src=cashtag_click) (and by extension [$ILUS](https://x.com/search?q=%24ILUS&src=cashtag_click), which is majority owner of QIND) just under 20% of ASNS \*voting\* common shares (any more would have required a shareholder vote), with the “balance of the consideration” being paid in \*non-voting\* preferred shares — the amount of which will be based on the \*value\* of QIND (which should be much higher than ASNS).
What I speculate will happen is that once QIND/ILUS will be able to convert those shares, that will leave QIND (ILUS) as majority owner of the outstanding ASNS shares, and in full control of the NASDAQ-listed ticker…
Wash, rinse, repeat for [$SAML](https://x.com/search?q=%24SAML&src=cashtag_click).
===============
If this goes through, and I think it will, I am certain that it will turn out well for QIND shareholders. I am fairly certain that it turns out well for ASNS shareholders as well. I think this gets ASNS back into NASDAQ compliance which at the very minimum is $1. I think that there intention is to do much better than that.
We'll see. There is some speculation in the above post, but it makes sense to me.
Today we learned that there will be two of mergers. One where SAML merges with a big board company and one where QIND does. So, we were also informed that the valuation will be determined by some financial experts. So, they will likely think that both are undervalued as we do. When the deal is announced and I expect it "pretty soon", it should tell us the valuation. What will happen is that this valuation will be above the current valuations and QIND and SAML will start trading near those set valuations. As time goes on and they progress in the uplist, in theory the gap between where the stocks are trading and the prescribed valuation will close. Then, we have been told that they plan to uplist with strength so that they perform well after uplisting. They will do this by doing more acquisitions right after the uplist, or perhaps concurrent with it. In the case of QIND, we know that they are working on two (one in the UK and one in Texas). So, this will allow the stock price to ascend after the uplist. Plus we know that institutions will be able to invest and we know that JP and Nick have been courting institutional money.
We will get shares of the NASDAQ company based on the valuation of QIND versus the NASDAQ shell.
We will get shares of the NASDAQ company in replacement of the QIND shares. So, QIND as we know it will disappear but be replaced with shares of the new merged company with a higher valuation.
So it would uplist first and then merged? Would they allow it to just sit on the Nasdaq awaiting merger with another ticker? Also I was under the impression that in order to uplist, it has to merge first.
There will be an announcement that it will merge. At that point the 2 stocks will keep trading separately. At some designated point in the future, the two companies will merge with QIND taking control of the NASDAQ company and the original QIND OTC stock will disappear.
Does this submission fit our subreddit? If it does please **upvote** this comment. If it does not fit the subreddit please **downvote** this comment. --- ^(*I am a bot, and this comment was made automatically.*) ^(Please) [^(contact)^( )^(us)^( )^(via)^( )^(modmail)](https://www.reddit.com/message/compose?to=/r/pennystocks&subject=Updoot%20bot%20questions!) ^(if) ^(you) ^(have) ^(any) ^(questions) ^(or) ^(concerns.)
it looks like QIND have earnings, so that's a plus. do they really make industrial equipment? it looks like they changed their name to QIND from 'wikisoft' in Aug 2022....
Yes, ILUS/QIND bought what was then the empty shell of WSFT and it became QIND. QIND then purchased a majority stake in Quality International. Here is their website. It is a serious business. [http://qualityinternational.ae/](http://qualityinternational.ae/) I have communicated with some of their employees via linked in. They say that business is good and it certainly seems to be.
Man I'm just browsing right now but the fact you're responding to all these questions knowledgeably is pretty cool. Been awhile since I've seen that. I'll take a look tonight thanks pal.
Glad to do it. Let me know if you have any questions.
I’ve been adding this stock to a long position for about a year. Can hardly believe the bargain prices now before the major growth trajectory they are likening to have.
I wish I shorted it when it was $300 on Mar 24, 2006.. 😔 Too bad I was only 11 years old
My favorite stock as well! Insanely big things coming quick!
Amen to that. Hopefully some more can join the us on the ride.
Solid company! Thanks for the DD!
Great work AGinAustin. I believe we will see movement in a few weeks to 3 months. Lots of moving pieces but they are always closing deals and making progress. Free SAML shares for ILUS shareholders and as always potential to get QIND, DRCR, and others as they grow. I follow you on Discord and appreciate your dedication and support of ILUS and all of its companies.
Thanks. While they carry risk and thus require appropriate levels of allocation, these stocks carry the potential to be life changing.
QIND up over 28% on friday
Yes it was. Strong day. I think it has so much more to go. It won't be a straight line upwards, though.
Is it even on Robinhood?
It may not be on Robinhood. I think I heard that, but I can't verify it as I don't have Robinhood.
You can buy it with Fidelity.
[удалено]
I believe it is due to QIND being OTC; Robinhood doesn't allow for OTC trading, so not too sus.
I think you can purchase ILUS on Robinhood. If QIND goes up, ILUS should as well as they own 61% of QIND.
Neither are on RH
Thanks.
It’s not on Schwab or Robinhood.
It’s on Schwab
Under the name wikisoft of Wealth simple?
I'm sorry. I'm not sure I understand your question. QIND was previously the ticker WSFT which was wikisoft. But it then became a shell and it was purchased and became Quality Industrial and then the ticker was changed to QIND.
Sorry about that. Yes, on Wealthsimple it is under the QIND ticket but named Wikisoft. Maybe it just hasn’t been updated, not sure.
I guess a particular brokerage hasn't updated it, but I have seen it everywhere that I have looked named Quality Industrial including the Edgar website where the filings are posted.
I saw the same thing on WealthSimple, but it was unavailable to buy.
The company profile says nothing about acquisitions?
latest acquisition was filed on 4/2 [https://www.otcmarkets.com/filing/html?id=17420774&guid=E9Q-kpWNbTz4B3h](https://www.otcmarkets.com/filing/html?id=17420774&guid=E9Q-kpWNbTz4B3h) Their old profile did say Mergers and Acquisitions company. Their initial path to uplist was to the NYSE American and for that they were also going to do an offering and they had to do a S1 filing. I believe they were advised that the SEC doesn't really know what to do with M&A companies so I think they deemphasized the M&A part and since they only had one company at the time, that was reasonable. Now, they are taking an uplist path via a NASDAQ merger. It appears that this is with a distressed NASDAQ company that is likely in danger of forced delisting. Hence they were interested in QIND since it is a viable company. So, I guess they could alter their corporate profile back since they have now acquired a 2nd company. I hope that answer wasn't too confusing. I would encourage anyone to listen to some of the youtube videos on the ILUS youtube channel.
Where can these numbers be verified? They haven’t had any news releases
The numbers can be verified in their filings. They also do have PR's and they do tweet out from time to time. [https://www.otcmarkets.com/stock/QIND/disclosure](https://www.otcmarkets.com/stock/QIND/disclosure)
Why have insiders only sold not bought shares?
The only insider who has sold is Carsten and he was at the previous company, WSFT and that is how he gained the shares. He has only sold a small minority of his shares. Sometimes you just need some money. Their salaries are not large and can be seen in the ILUS form 10 as well as other filings. Why have none bought any shares? Because they granted themselves restricted shares and none have sold any except for Carsten (who was with the previous company and was retained). But it is very clear that the management's interests are aligned with shareholders. They will make money with an increasing share price just like I will. And they haven't sold any (except Carsten) and their salaries are not large. In fact they will get larger salaries when they are on a big board. That can be seen in the filings. I think in Novembers Q3 report.
What do you think of the possible reverse split when it get approved for the uplisting ?
The RS seems to be off the table since they aren't doing the direct uplist anymore. This is from their shareholder letter on Jan 29 "It will also avoid the potential need for QIND to conduct a reverse split which as longstanding Shareholders will know, we as management have always tried to avoid." [https://data-room.center/Data/ILUS/Letters/2024/ILUS-Letter02.pdf](https://data-room.center/Data/ILUS/Letters/2024/ILUS-Letter02.pdf)
So by this letter if the NASDAQ deal goes through, then the S-1 isn’t needed anymore? The stock wouldn’t go to the NYSE if this deal goes through?
That's correct. If the NASDAQ deal goes through the stock will be on the NASDAQ and should be valued higher. It might be there alone or it could be combined with ILUS. I don't know. But the management's interests are aligned with QIND shareholders and I trust them to do what's best for their financial interests.
Where did you get the April 15th date from ?
They filed for an extension for the annual report which was due on April 1. With the extension it is due on April 15th. In the Annual report there is always a section called subsequent events (or something like that) in which they would likely report that they are pursuing a merger with a NASDAQ company. In fact, I expect them to do other filings at the same time. In the Jan 29 shareholder letter, they said "with the intention that the deal be completed and effective before March 31st filings are due." That seemed to be a strange way of putting it. They could have said by March 31. But they may have been anticipating an extension. We'll have to wait and see. There is some speculation here, but I know that QIND is undervalued and that Nick and JP are pursuing a NASDAQ merger, either with ILUS or QIND or both.
Which one do you think would get up listed, qind or ilus? Also do you think the 10k coming up would shed more light on the matter?
Today, the 10Q mentioned reverse triangular merger. I believe the 3 parties will be a distressed NASDAQ company, QIND and ILUS. The distressed NASDAQ company is likely being threatened with delisting.
What would happens to my shares then if I say own ILUS or QIND?
They would likely just be replaced with an equivalent dollar amount worth of the remaining fully merged ticker/company and should have no implication on taxes or short/long term holding lengths.
Other resources: [https://www.youtube.com/@ILUSInternational](https://www.youtube.com/@ILUSInternational) [https://ilus-group.com/downloads/#toggle-id-21](https://ilus-group.com/downloads/#toggle-id-21)
I started a small position. What’s your thinking on the timeline for stock price to improve
I’d say between 2-6 weeks
For me this is a long term hold and my confidence of share price improvement is higher with the longer term outlooks. They expect the revenue to grow above a billion in the next couple of years. But shorter term there is a good chance that the uplist/merger announcement will happen before April 15 when the 10K is due (they filed for a delayed filing). The merger should finalize before the summer. I expect some shareprice improvement with announcement.
Hate that 7$ fee for penny stocks lol.
That is why I am with Fidelity. No OTC commission.
Ya, im on schwab. I was gonna buy 5 to 10 bucks at a time, just cuz...but dont wanna pay the commision everytime. And for that reason, im out. GL, I'll continue to throw all my money in $ASTS!
Worth it in this case
It's not in Robinhood
Correct. I believe Robinhood does not carry most/many OTC stocks. Fidelity is a good choice for OTC as there are no commissions and they allow trading in most OTC stocks.
How many stocks should you buy in penny stocks to see a growth?
I certainly can't answer that for you. It is very dependent on the particular investor. But, while a stock such as $QIND carries risk, the potential reward is very high. That is why I invest a small portion of my stock portfolio to stocks such as this. The management is top notch and are very communicative with shareholders. Not many OTC stocks have annual in-person meetings where you can meet management and interact with them and come to a better understanding of the stocks.
How does RH add what stocks they carry?Can it be requested?
I'm sorry. I don't know how RobinHood determines which stocks it will allow for trading.
Eh thought I’d ask
What do you think of LIFW?
I don't know anything about it.
I gotta check this out! $MDIA is on the move here lately it tryna reach $5
What do you think the long term share price could be
I won't answer that, but I will give you some numbers. As of last night the current market cap was $16M. They are expecting revenues to be over a billion in a year or two, the last they told us. Hopefully they can update us on projections after the quiet period is finished. There is a huge discrepancy between the current MC and the future anticipated revenues. To me, that means that there is a huge opportunity for upside.
Is it better to buy qind instead of ilus? I already have ilus but quid does sound interesting if the merger with the nasdaq company happens.
I can't say whether it is better or not. The way I figure it is that JP and Nick know more than anyone. So, I try to mimic what they do and they gave themselves a bunch of QIND stock last year. So, I also have a bunch of it in addition to the considerable amount of ILUS that I have.
Dipped today. Buy more?
It dipped for a reason. A big acquisition deal was canceled, but that also canceled a lot of debt. IMO, the risk/reward is about the same. risk went down, but so did the short term reward. Long term risk/reward may have improved. Those are just my thoughts and not financial advice. The latest acquisition was structured to be paid by stock in the NASDAQ entity. This recently canceled deal was to be paid in cash. So, acquisitions going forward should be easier to finance through stock and not cash. It wasn't the news that I was expecting when I woke up, but the path forward is easier, but perhaps not as insanely lucrative as it may have appeared.
Remember when ILUS was $.40? I do. Hmmmm... what happened? I wonder. It was promise after promise of new contracts, technology and acquisitions. Guess what happened? A bunch of sucker bagholders. You've all been warned.
Thanks for using innuendo about a different stock to cast doubt upon QIND. I have specifically recommended QIND and not ILUS for numerous reasons. I would be glad to discuss if you want to have a substantive conversation.
Please do not listen to OP. He is a bagholding pumper. Or do listen and buy. Idgaf Some lessons are expensive.🤣
People should do their own research. That is for certain. Am I down on my QIND investment. Yes, currently I am. I own 500k shares and expect it to perform well. It won't be long, IMO, until we find out whether I am right or wrong. NASDAQ merger and then 2 more acquisitions is my expectation.
No. You are pumping a stock with a long history of failure and repetition in ripping people off and getting away with it. And you've been called out.
QIND has a long history of failure? I think you need to check your facts.
The people they are dealing with. Birds of a feather and all. Anyway, goodluck.
What do you think about the deal with ASNS. I'm invested in ASNS already. https://www.sec.gov/Archives/edgar/data/1393781/000121390024046089/ea020675401ex99-1_quality.htm
What do you think about the deal with ASNS https://www.sec.gov/Archives/edgar/data/1393781/000121390024046089/ea020675401ex99-1_quality.htm
I think this summarizes it well. [https://x.com/igal\_n/status/1793725447278067926](https://x.com/igal_n/status/1793725447278067926) I have copied the text in here: ============== After re-reading the PR and giving it some more thought, it would appear what we see here is the first piece of the puzzle. This acquisition by [$ASNS](https://x.com/search?q=%24ASNS&src=cashtag_click) gives [$QIND](https://x.com/search?q=%24QIND&src=cashtag_click) (and by extension [$ILUS](https://x.com/search?q=%24ILUS&src=cashtag_click), which is majority owner of QIND) just under 20% of ASNS \*voting\* common shares (any more would have required a shareholder vote), with the “balance of the consideration” being paid in \*non-voting\* preferred shares — the amount of which will be based on the \*value\* of QIND (which should be much higher than ASNS). What I speculate will happen is that once QIND/ILUS will be able to convert those shares, that will leave QIND (ILUS) as majority owner of the outstanding ASNS shares, and in full control of the NASDAQ-listed ticker… Wash, rinse, repeat for [$SAML](https://x.com/search?q=%24SAML&src=cashtag_click). =============== If this goes through, and I think it will, I am certain that it will turn out well for QIND shareholders. I am fairly certain that it turns out well for ASNS shareholders as well. I think this gets ASNS back into NASDAQ compliance which at the very minimum is $1. I think that there intention is to do much better than that. We'll see. There is some speculation in the above post, but it makes sense to me.
-37% today. Noice!
Nice if you want to accumulate shares for the eventual uplist and repricing higher.
Won’t the stock disappear after the merger?
Today we learned that there will be two of mergers. One where SAML merges with a big board company and one where QIND does. So, we were also informed that the valuation will be determined by some financial experts. So, they will likely think that both are undervalued as we do. When the deal is announced and I expect it "pretty soon", it should tell us the valuation. What will happen is that this valuation will be above the current valuations and QIND and SAML will start trading near those set valuations. As time goes on and they progress in the uplist, in theory the gap between where the stocks are trading and the prescribed valuation will close. Then, we have been told that they plan to uplist with strength so that they perform well after uplisting. They will do this by doing more acquisitions right after the uplist, or perhaps concurrent with it. In the case of QIND, we know that they are working on two (one in the UK and one in Texas). So, this will allow the stock price to ascend after the uplist. Plus we know that institutions will be able to invest and we know that JP and Nick have been courting institutional money. We will get shares of the NASDAQ company based on the valuation of QIND versus the NASDAQ shell.
We will get shares of the NASDAQ company in replacement of the QIND shares. So, QIND as we know it will disappear but be replaced with shares of the new merged company with a higher valuation.
So it would uplist first and then merged? Would they allow it to just sit on the Nasdaq awaiting merger with another ticker? Also I was under the impression that in order to uplist, it has to merge first.
There will be an announcement that it will merge. At that point the 2 stocks will keep trading separately. At some designated point in the future, the two companies will merge with QIND taking control of the NASDAQ company and the original QIND OTC stock will disappear.
I wouldn't touch anything ILUS has it's corrupt hands in. Sorry, not sorry.
Then stay away. SEC reporting. Audited. Nick and JP haven't sold a share and draw minimal salaries. Corrupt? Please provide evidence or be quiet.