Q Lotus Holdings Inc
2021年6月17日Register here: http://gg.gg/v12yu
Q Lotus Holdings, Inc. Is a Nevada Domestic Corporation filed on May 2, 2006. The company’s filing status is listed as Revoked (6/1/2018) and its File Number is E-9. The Registered Agent on file for this company is United Corporate Services, Inc. And is located at 2520 St Rose Pkwy Ste 319, Henderson, NV 89074. Q Lotus Holdings Inc. (fka QLTS) Stock Message Board: The developers of Wheeling Town Center (WTC) are.
Friedman said TPE and Q Lotus, which has an office in Chicago but is headquartered in Miami, were introduced to each other by mutual contacts. Q Lotus, which has additional offices in London, Dubai, and New York, describes itself as a ’diversified holding company’ that operates a hedge fund, provides financing, and advises companies in M&A.
CHICAGO, IL / ACCESSWIRE / January 21, 2015 / Q Lotus Holdings Inc. (OTC Pink: QLTS) (PINKSHEETS: QLTS), is pleased to announce that a private group of investors, working in consultation with a major investment banker, has confirmed its intention to fund the Company sixty million dollars ($60,000,000) to be provided incrementally to facilitate execution of the Company’s previously approved business plan. While we are very excited about this opportunity there is no assurance that it will pay off until we begin to receive funds. Upon receipt of initial funds the Company will make a public announcement.
The Company continues to make progress in all three of its operating groups.
The QLTS Mining Monetization and Trading Group’s mining consultant is making good progress in the evaluation of the silica mining claims and in facilitation of the group’s activities, has retained Michael Greenberg, founder of the Plastics Exchange and co-founder of Alaron Trading Company and PetroChem Wire, with considerable resources and experience in connection with commodity funding, marketing and trading, and a substantial network of valuable contacts for such purposes, has been engaged to raise funds and create valuable relationships for the Company in connection with its Silica mining claims and other perspective natural resources.
QLTS Finance Group led by the president of Midwest Business Credit Inc. its wholly owned lending subsidiary which recently acquired all the assets from Midwest Business Credit, LLC for the total amount of $1,792,000 has been actively building a strong backlog of profitable but risk controlled asset backed loans.
The QLTS Real Estate Finance Group has assumed full responsibility for the direction and execution of the Lake Zurich Project recently announced by the Company and it is in the process of properly staffing the project.
The Company:
Q Lotus Holdings, Inc. (’the Company’) is a public reporting company under the Securities Exchange Act of 1934. Sqa npa sports coaching. Its objective is to create shareholder value through well-organized effective execution of its business operations.
Safe Harbor Statements:
This release contains forward-looking statements that are not statements of historical fact and are subject to risks and uncertainties. These statements relate to analyses and other information that are based on projections and expectations relating to our financial condition, results of operations, plans, objectives, business strategy, projected costs, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts and may include words such as ’anticipate’, ’believe’, ’could’, ’estimate’, ’expect’, ’intend’, ’may’, ’plan’, ’predict’, ’project’, and similar terms and phrases, including references to assumptions. The absence of these words does not necessarily mean that a statement is not forward-looking. All forward-looking statements are subject to risks and uncertainties that may cause our actual results to differ materially from those matters expressed in or implied by these forward-looking statements. You should keep in mind that any forward-looking statement made by us in this release or elsewhere speaks only as of the date on which we make it. New risks and uncertainties come up from time to time, and it is impossible for us to predict these events or how they may affect us. We have no duty to, and do not intend to, update or revise the forward-looking statements in this release after the date of this release, except as may be required by law. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may be disclosed from time to time in our SEC filings or otherwise.
CONTACT:
Gary Rosenberg
Chairman & CEO
(312) 498-0301
SOURCE: Q Lotus Holdings, Inc.20 Jan Q Lotus Holdings Inc (QLTS) – researchPosted at 17:08h in Open, Research Report0 Comments
Recently Q Lotus Holdings Inc (QLTS) has been seeing a nice upward trend in the share price rising from $.017/share on January 11, 2013 to $.1075/share as of the last close on Friday, January 18, 2013.
What significant event has caused the share price to increase by over 600% in such a short time?
On December 27, 2012 an SC13G and Form 3 was filed by Joshua Goldstein announcing that he had obtained control of 1,500,000 shares of QLTS stock on December 10, 2012 for $.01/share and an additional 10,000,000 shares of QLTS stock on December 21, 2012 for $.01/share.
Those filings were followed by a Form 4 filed on January 4, 2013 announcing that Joshua Goldstein had obtained an addition 2,200,000 shares of QLTS stock at a price of $.01/share.
That was followed by another Form 4 filing on January 8, 2013 announcing that Joshua Goldstein had obtained an additional 3,800,000 shares of QLTS stock at a price of $.01/share.
The 4 separate share issuances were summarized together in an amended SC13 filing done on January 10, 2013. All total, as of the last report, Joshua Goldstein now owns 17,500,000 shares of QLTS stock (which represents 22.36% of the outstanding share count).
Joshua T. Goldstein is basically a Real Estate tycoon of sorts from the New York area. Together with a couple of his family members, Sheldon Goldstein and Jeffrey Goldstein, Joshua runs an entity called The Lynmark Group and another organization called Zemi Beach. They engage in the development of large apartment complexes as well as other large Real Estate projects like commercial buildings and shopping malls. They are also involved on some scale in the banking industry and are very actively involved in political contributions.
How or why did Joshua T. Goldstein obtain those 17,500,000 currently worth $1,881,250 as of the last close?
If you are thinking that some big Real Estate hot shot is buying up QLTS stock on the open market because he sees QLTS as a great investment or because he is preparing to merge some big Real Estate venture into the QLTS shell - Stop. That is most certainly not the case.
Back in February of 2011, Joshua T. Goldstein issued the QLTS shell a $200,000 Promissory Note through his entity, Southshore Real Estate Development, LLC. In May of 2011, the Note was increased to $300,000. In June of 2011, the Note was increased to $425,000. In September of 2011, the Note was increased to $544,000. Finally, in January of 2012, the Note was re-drafted to include the interest owed for a total of $582,107. This new $582,107 debt Note had a due date of December 15, 2012. If the Note wasn’t paid back by December 15, 2012, it became a convertible debt Note which could be converted into QLTS stock at $.01/share.
December 15, 2012 came and went and the Note remained unpaid. Joshua T. Goldstein came calling on that Note and has started collecting his debt back in shares at a price of $.01/share.
At $.01/share, that $582,107 debt Note can convert into 58,210,700 shares of QLTS stock. Since Joshua T. Goldstein has only collected 17,500,000 to date, that means that he has at least another 40,710,700 shares coming.
Debt, Debt, and more Debt
The $582,107 Joshua T. Goldstein Note is not the only outstanding debt Note on the QLTS books. All total QLTS had $2,212,607 in debt Notes as of September 30, 2012 (see chart below) and that isn’t even included the interest due on the Notes or the convertible debt Notes owed to Toxic Financier - Asher Enterprises (Curt Kramer).
The $250,000 Bellcourt Note is currently in default.
The $192,500 Husain Note is currently in default.
The $150,000 Urso Note is currently in default.
The $230,000 Powers Note is currently in default.
The $228,000 MBC LLC Note is currently in default.
La Ocasion Remix (feat. Ozuna, De La Ghetto, Arcangel, Daddy Yankee, Nicky Jam, J Balvin & Zion) Reggaeton Freeanuel Daddy Yankee Ozuna De La Ghetto Nicky Jam Arcangel J. Descargar MP3 De La Ghetto, Ozuna, Arcangel, Anuel AA, Daddy Yankee, Nicky Jam, J Balvin, Zion, Farruko - La Ocasion Remix Gratis. Todas Las Canciones Se Pueden Descargar Y Escuchar Musica Online En Alta Calidad 320Kpbs, M4A, iTunes. Audio Oficial ’La Ocasion Remix’ de Ozuna, De La Ghetto, Farruko, Nicky Jam, Arcangel, J Balvin, Daddy Yankee, Zion, Anuel AaAvailable in / Disponible en:Spo. Ozuna, Arcangel, Anuel AA De La Ghetto Daddy Yankee Nicky Jam Farruko J Balvin Zion La Ocasion Remix. Rich at 0:17: Ola. Posted 27 days ago 27 days ago. Juan Araujo at 0:08: Criminal. Posted 2 months ago 2 months ago. User 466074785 at 5:25: De la guetto hace la cancion. Posted 3 months ago 3 months ago. De La Ghetto Arcangel Anuel AA Y Mas - La Ocasion (Remix) (Reggaeton Version) (Prod. DJ Bebo) Duracion: 6:50 Descargas: 124,355.
The $150,000 Corey Marie Leasing Note is currently in default.
The $400,000 Goldstein Family Limited Partner Note is currently in default. This Note also belongs to Joshua Goldstein and his family.
The $30,000 Arlyne Goldstein Note is currently in default.
Yes all $2,212,607 in debt Notes are now in default and unless extensions can be reached on the Notes the 58,210,700 shares going to Joshua Goldstein will just be a small fraction of the total number of QLTS shares that could be added to the float in the coming months.
And more Debt..
All total as of September 30, 2012, QLTS also listed 3 separate convertible debt Notes totaling $107,500 due to Asher Enterprises (Curt Kramer). Read more about this toxic financier here.
A $32,500 Note to Asher issued on March 20, 2012 is now in default and converts into QLTS stock at 51% of the market price.
A $37,500 Note to Asher issued on May 2, 2012 goes into default on February 4, 2013 and will convert into QLTS stock at 51% of the market price.
A $37,500 Note to Asher issued on August 17, 2012 goes into default on May 20, 2013 and will convert into QLTS stock at 51% of the market price.
These are not the only debt Notes issued to Asher by Q Lotus Holdings Inc. Back in July and August, Asher converted a $37,500 debt Note issued back on January 5, 2012 into 606,177 free trading shares of QLTS stock. That was an average conversion price of $.062/share. The QLTS share price was $.11/share at the start of July and by the end of August the share price was down to $.052/share.
Gary A Rosenberg - the debt creator?
One observation that should not be overlooked is that all of the QLTS debt was created after Gary A. Rosenberg took over as the CEO of the QLTS shell on January 28, 2011.Q Lotus Holdings Inc Complaints
Since QLTS has yet to realize even 1 penny in revenues it almost seems like the QLTS shell is being used for little more than a debt Note creation machine which is quickly about to become a share printing machine as these debt Note holders come demanding payment of those now defunct debts.
Prior to taking over as the quarterback of the QLTS shell, Gary A Rosenberg (who is a Real Estate entrepreneur of his own through his company Urban R2) held a position on the auditing committee for National Holdings Corporation (NHLD) from 2002 - July of 2008. SEC filings show that Rosenberg also held a position as a Director of the NHLD shell starting in 1999 until 2004 while the shell conducted business under the name Olympic Cascade Financial Corporation.
Rosenberg’s background with NHLD might inject some hope that he can help pull QLTS out of its ugly hole of debt into a revenue producing venture, until Rosenberg’s personal financial history is revealed. In February 2004, Gary A. Rosenberg filed for Chapter 7 Bankruptcy protection unable to manage his own personal debts.
Smoke and Mirrors
QLTS has put out many 8K filings and press releases announcing agreements and other forward looking investment opportunities, but 8Ks and press releases mean nothing until something of real substance shows up on the QLTS balance sheet. See the QLTS website here.
As of the last 10Q, QLTS has no Real Estate, no Mining properties, no revenue producing financial business ventures listed on the balance sheet. QLTS does claim to have a revenue sharing agreement in place for some mining claims, but does not list any further information about those mining claims and does not include those mining claims as assets because they say no monetary value was given up for the acquisition of those claims. From the last 10Q:
’Currently, our business consists solely of holding mineral rights in a portfolio of minerals and our activities to date have been limited to formation of the legal and business structure, business planning, the pursuit of capital and the exploration of possible acquisitions and investments.’
’The Company holds mining rights of properties located in Utah, Arizona and Oregon. As consideration for the mining rights, the Company entered into a Revenue Sharing Agreement that would provide the transferors with a percentage of the net revenue realized from the sale of minerals that have been extracted and mined from each respective claim. In valuing such consideration (rights to receive fees in the future) the Company considered many factors in determining an appropriate fair value of the consideration/rights. Since the Company did not exchange any monetary consideration for the acquired mining rights, the Company will account for the mining rights in accordance with the guidance described with respect to “Nonmonetary Transactions”. The assets acquired provide no further support of fair values since there appears to be an absence of objective support to measure the value of the rights within reasonable limits that any value can be realized. It should be noted that the Company has not begun any mining operations as of September 30, 2012’
Bottom Line
The bottom line is that QLTS is company whose business operations are headed in the wrong direction. The shell borrowed well over $2 million to pay for the salaries and perks for the company insiders and to cover the operation expenses of the shell. The problem is that all that borrowed money translated into no revenues and now QLTS is cash poor meaning the only way they can continue to afford future salaries, perks, and operation expenses is by borrowing more money. As old debts go into default the only way to pay them back will be to issue discounted free trading shares of stock which will cause the QLTS share price to drop. The lower the share price drops the more shares it will take to pay off future debt Note conversions. QLTS is now trapped in a debt/dilution death cycle.Q Lotus Holdings Inc
The death cycle means huge losses in the future for long term QLTS shareholders, but it can sometimes mean short term gains for stock flippers. Debt Note holders will want to get their shares as cheap as possible, but they will also want to sell their shares for as big of a profit as is possible. That has a lot to do with the current price action for QLTS. We know that Joshua Goldstein was just issued 17,500,000 QLTS shares because he reported his share ownership. What we don’t know is what other debt Note holders may have also recently been issued free trading stock to pay off a portion of those old defunct debt Notes.
QLTS could turn into a very volatile stock over the next few weeks and months as debt Note holders play the pump&dump game with retail investors. The game has already begun. It is a risky game - not recommended for the inexperienced trader, but for the trader that knows how to play the price action and follow the minute to minute trends, QLTS could offer some nice flipping opportunities moving forward.Q Lotus Holdings Inc CompanyCopyright secured by Digiprove © 2013All Rights Reserved
Register here: http://gg.gg/v12yu
https://diarynote-jp.indered.space
Q Lotus Holdings, Inc. Is a Nevada Domestic Corporation filed on May 2, 2006. The company’s filing status is listed as Revoked (6/1/2018) and its File Number is E-9. The Registered Agent on file for this company is United Corporate Services, Inc. And is located at 2520 St Rose Pkwy Ste 319, Henderson, NV 89074. Q Lotus Holdings Inc. (fka QLTS) Stock Message Board: The developers of Wheeling Town Center (WTC) are.
Friedman said TPE and Q Lotus, which has an office in Chicago but is headquartered in Miami, were introduced to each other by mutual contacts. Q Lotus, which has additional offices in London, Dubai, and New York, describes itself as a ’diversified holding company’ that operates a hedge fund, provides financing, and advises companies in M&A.
CHICAGO, IL / ACCESSWIRE / January 21, 2015 / Q Lotus Holdings Inc. (OTC Pink: QLTS) (PINKSHEETS: QLTS), is pleased to announce that a private group of investors, working in consultation with a major investment banker, has confirmed its intention to fund the Company sixty million dollars ($60,000,000) to be provided incrementally to facilitate execution of the Company’s previously approved business plan. While we are very excited about this opportunity there is no assurance that it will pay off until we begin to receive funds. Upon receipt of initial funds the Company will make a public announcement.
The Company continues to make progress in all three of its operating groups.
The QLTS Mining Monetization and Trading Group’s mining consultant is making good progress in the evaluation of the silica mining claims and in facilitation of the group’s activities, has retained Michael Greenberg, founder of the Plastics Exchange and co-founder of Alaron Trading Company and PetroChem Wire, with considerable resources and experience in connection with commodity funding, marketing and trading, and a substantial network of valuable contacts for such purposes, has been engaged to raise funds and create valuable relationships for the Company in connection with its Silica mining claims and other perspective natural resources.
QLTS Finance Group led by the president of Midwest Business Credit Inc. its wholly owned lending subsidiary which recently acquired all the assets from Midwest Business Credit, LLC for the total amount of $1,792,000 has been actively building a strong backlog of profitable but risk controlled asset backed loans.
The QLTS Real Estate Finance Group has assumed full responsibility for the direction and execution of the Lake Zurich Project recently announced by the Company and it is in the process of properly staffing the project.
The Company:
Q Lotus Holdings, Inc. (’the Company’) is a public reporting company under the Securities Exchange Act of 1934. Sqa npa sports coaching. Its objective is to create shareholder value through well-organized effective execution of its business operations.
Safe Harbor Statements:
This release contains forward-looking statements that are not statements of historical fact and are subject to risks and uncertainties. These statements relate to analyses and other information that are based on projections and expectations relating to our financial condition, results of operations, plans, objectives, business strategy, projected costs, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts and may include words such as ’anticipate’, ’believe’, ’could’, ’estimate’, ’expect’, ’intend’, ’may’, ’plan’, ’predict’, ’project’, and similar terms and phrases, including references to assumptions. The absence of these words does not necessarily mean that a statement is not forward-looking. All forward-looking statements are subject to risks and uncertainties that may cause our actual results to differ materially from those matters expressed in or implied by these forward-looking statements. You should keep in mind that any forward-looking statement made by us in this release or elsewhere speaks only as of the date on which we make it. New risks and uncertainties come up from time to time, and it is impossible for us to predict these events or how they may affect us. We have no duty to, and do not intend to, update or revise the forward-looking statements in this release after the date of this release, except as may be required by law. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may be disclosed from time to time in our SEC filings or otherwise.
CONTACT:
Gary Rosenberg
Chairman & CEO
(312) 498-0301
SOURCE: Q Lotus Holdings, Inc.20 Jan Q Lotus Holdings Inc (QLTS) – researchPosted at 17:08h in Open, Research Report0 Comments
Recently Q Lotus Holdings Inc (QLTS) has been seeing a nice upward trend in the share price rising from $.017/share on January 11, 2013 to $.1075/share as of the last close on Friday, January 18, 2013.
What significant event has caused the share price to increase by over 600% in such a short time?
On December 27, 2012 an SC13G and Form 3 was filed by Joshua Goldstein announcing that he had obtained control of 1,500,000 shares of QLTS stock on December 10, 2012 for $.01/share and an additional 10,000,000 shares of QLTS stock on December 21, 2012 for $.01/share.
Those filings were followed by a Form 4 filed on January 4, 2013 announcing that Joshua Goldstein had obtained an addition 2,200,000 shares of QLTS stock at a price of $.01/share.
That was followed by another Form 4 filing on January 8, 2013 announcing that Joshua Goldstein had obtained an additional 3,800,000 shares of QLTS stock at a price of $.01/share.
The 4 separate share issuances were summarized together in an amended SC13 filing done on January 10, 2013. All total, as of the last report, Joshua Goldstein now owns 17,500,000 shares of QLTS stock (which represents 22.36% of the outstanding share count).
Joshua T. Goldstein is basically a Real Estate tycoon of sorts from the New York area. Together with a couple of his family members, Sheldon Goldstein and Jeffrey Goldstein, Joshua runs an entity called The Lynmark Group and another organization called Zemi Beach. They engage in the development of large apartment complexes as well as other large Real Estate projects like commercial buildings and shopping malls. They are also involved on some scale in the banking industry and are very actively involved in political contributions.
How or why did Joshua T. Goldstein obtain those 17,500,000 currently worth $1,881,250 as of the last close?
If you are thinking that some big Real Estate hot shot is buying up QLTS stock on the open market because he sees QLTS as a great investment or because he is preparing to merge some big Real Estate venture into the QLTS shell - Stop. That is most certainly not the case.
Back in February of 2011, Joshua T. Goldstein issued the QLTS shell a $200,000 Promissory Note through his entity, Southshore Real Estate Development, LLC. In May of 2011, the Note was increased to $300,000. In June of 2011, the Note was increased to $425,000. In September of 2011, the Note was increased to $544,000. Finally, in January of 2012, the Note was re-drafted to include the interest owed for a total of $582,107. This new $582,107 debt Note had a due date of December 15, 2012. If the Note wasn’t paid back by December 15, 2012, it became a convertible debt Note which could be converted into QLTS stock at $.01/share.
December 15, 2012 came and went and the Note remained unpaid. Joshua T. Goldstein came calling on that Note and has started collecting his debt back in shares at a price of $.01/share.
At $.01/share, that $582,107 debt Note can convert into 58,210,700 shares of QLTS stock. Since Joshua T. Goldstein has only collected 17,500,000 to date, that means that he has at least another 40,710,700 shares coming.
Debt, Debt, and more Debt
The $582,107 Joshua T. Goldstein Note is not the only outstanding debt Note on the QLTS books. All total QLTS had $2,212,607 in debt Notes as of September 30, 2012 (see chart below) and that isn’t even included the interest due on the Notes or the convertible debt Notes owed to Toxic Financier - Asher Enterprises (Curt Kramer).
The $250,000 Bellcourt Note is currently in default.
The $192,500 Husain Note is currently in default.
The $150,000 Urso Note is currently in default.
The $230,000 Powers Note is currently in default.
The $228,000 MBC LLC Note is currently in default.
La Ocasion Remix (feat. Ozuna, De La Ghetto, Arcangel, Daddy Yankee, Nicky Jam, J Balvin & Zion) Reggaeton Freeanuel Daddy Yankee Ozuna De La Ghetto Nicky Jam Arcangel J. Descargar MP3 De La Ghetto, Ozuna, Arcangel, Anuel AA, Daddy Yankee, Nicky Jam, J Balvin, Zion, Farruko - La Ocasion Remix Gratis. Todas Las Canciones Se Pueden Descargar Y Escuchar Musica Online En Alta Calidad 320Kpbs, M4A, iTunes. Audio Oficial ’La Ocasion Remix’ de Ozuna, De La Ghetto, Farruko, Nicky Jam, Arcangel, J Balvin, Daddy Yankee, Zion, Anuel AaAvailable in / Disponible en:Spo. Ozuna, Arcangel, Anuel AA De La Ghetto Daddy Yankee Nicky Jam Farruko J Balvin Zion La Ocasion Remix. Rich at 0:17: Ola. Posted 27 days ago 27 days ago. Juan Araujo at 0:08: Criminal. Posted 2 months ago 2 months ago. User 466074785 at 5:25: De la guetto hace la cancion. Posted 3 months ago 3 months ago. De La Ghetto Arcangel Anuel AA Y Mas - La Ocasion (Remix) (Reggaeton Version) (Prod. DJ Bebo) Duracion: 6:50 Descargas: 124,355.
The $150,000 Corey Marie Leasing Note is currently in default.
The $400,000 Goldstein Family Limited Partner Note is currently in default. This Note also belongs to Joshua Goldstein and his family.
The $30,000 Arlyne Goldstein Note is currently in default.
Yes all $2,212,607 in debt Notes are now in default and unless extensions can be reached on the Notes the 58,210,700 shares going to Joshua Goldstein will just be a small fraction of the total number of QLTS shares that could be added to the float in the coming months.
And more Debt..
All total as of September 30, 2012, QLTS also listed 3 separate convertible debt Notes totaling $107,500 due to Asher Enterprises (Curt Kramer). Read more about this toxic financier here.
A $32,500 Note to Asher issued on March 20, 2012 is now in default and converts into QLTS stock at 51% of the market price.
A $37,500 Note to Asher issued on May 2, 2012 goes into default on February 4, 2013 and will convert into QLTS stock at 51% of the market price.
A $37,500 Note to Asher issued on August 17, 2012 goes into default on May 20, 2013 and will convert into QLTS stock at 51% of the market price.
These are not the only debt Notes issued to Asher by Q Lotus Holdings Inc. Back in July and August, Asher converted a $37,500 debt Note issued back on January 5, 2012 into 606,177 free trading shares of QLTS stock. That was an average conversion price of $.062/share. The QLTS share price was $.11/share at the start of July and by the end of August the share price was down to $.052/share.
Gary A Rosenberg - the debt creator?
One observation that should not be overlooked is that all of the QLTS debt was created after Gary A. Rosenberg took over as the CEO of the QLTS shell on January 28, 2011.Q Lotus Holdings Inc Complaints
Since QLTS has yet to realize even 1 penny in revenues it almost seems like the QLTS shell is being used for little more than a debt Note creation machine which is quickly about to become a share printing machine as these debt Note holders come demanding payment of those now defunct debts.
Prior to taking over as the quarterback of the QLTS shell, Gary A Rosenberg (who is a Real Estate entrepreneur of his own through his company Urban R2) held a position on the auditing committee for National Holdings Corporation (NHLD) from 2002 - July of 2008. SEC filings show that Rosenberg also held a position as a Director of the NHLD shell starting in 1999 until 2004 while the shell conducted business under the name Olympic Cascade Financial Corporation.
Rosenberg’s background with NHLD might inject some hope that he can help pull QLTS out of its ugly hole of debt into a revenue producing venture, until Rosenberg’s personal financial history is revealed. In February 2004, Gary A. Rosenberg filed for Chapter 7 Bankruptcy protection unable to manage his own personal debts.
Smoke and Mirrors
QLTS has put out many 8K filings and press releases announcing agreements and other forward looking investment opportunities, but 8Ks and press releases mean nothing until something of real substance shows up on the QLTS balance sheet. See the QLTS website here.
As of the last 10Q, QLTS has no Real Estate, no Mining properties, no revenue producing financial business ventures listed on the balance sheet. QLTS does claim to have a revenue sharing agreement in place for some mining claims, but does not list any further information about those mining claims and does not include those mining claims as assets because they say no monetary value was given up for the acquisition of those claims. From the last 10Q:
’Currently, our business consists solely of holding mineral rights in a portfolio of minerals and our activities to date have been limited to formation of the legal and business structure, business planning, the pursuit of capital and the exploration of possible acquisitions and investments.’
’The Company holds mining rights of properties located in Utah, Arizona and Oregon. As consideration for the mining rights, the Company entered into a Revenue Sharing Agreement that would provide the transferors with a percentage of the net revenue realized from the sale of minerals that have been extracted and mined from each respective claim. In valuing such consideration (rights to receive fees in the future) the Company considered many factors in determining an appropriate fair value of the consideration/rights. Since the Company did not exchange any monetary consideration for the acquired mining rights, the Company will account for the mining rights in accordance with the guidance described with respect to “Nonmonetary Transactions”. The assets acquired provide no further support of fair values since there appears to be an absence of objective support to measure the value of the rights within reasonable limits that any value can be realized. It should be noted that the Company has not begun any mining operations as of September 30, 2012’
Bottom Line
The bottom line is that QLTS is company whose business operations are headed in the wrong direction. The shell borrowed well over $2 million to pay for the salaries and perks for the company insiders and to cover the operation expenses of the shell. The problem is that all that borrowed money translated into no revenues and now QLTS is cash poor meaning the only way they can continue to afford future salaries, perks, and operation expenses is by borrowing more money. As old debts go into default the only way to pay them back will be to issue discounted free trading shares of stock which will cause the QLTS share price to drop. The lower the share price drops the more shares it will take to pay off future debt Note conversions. QLTS is now trapped in a debt/dilution death cycle.Q Lotus Holdings Inc
The death cycle means huge losses in the future for long term QLTS shareholders, but it can sometimes mean short term gains for stock flippers. Debt Note holders will want to get their shares as cheap as possible, but they will also want to sell their shares for as big of a profit as is possible. That has a lot to do with the current price action for QLTS. We know that Joshua Goldstein was just issued 17,500,000 QLTS shares because he reported his share ownership. What we don’t know is what other debt Note holders may have also recently been issued free trading stock to pay off a portion of those old defunct debt Notes.
QLTS could turn into a very volatile stock over the next few weeks and months as debt Note holders play the pump&dump game with retail investors. The game has already begun. It is a risky game - not recommended for the inexperienced trader, but for the trader that knows how to play the price action and follow the minute to minute trends, QLTS could offer some nice flipping opportunities moving forward.Q Lotus Holdings Inc CompanyCopyright secured by Digiprove © 2013All Rights Reserved
Register here: http://gg.gg/v12yu
https://diarynote-jp.indered.space
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