Big Brother
2 weeks ago
Can't find anything on this company they just signed an LOI with, 'BOT Makers AI, Inc' ....I found a Botmakers LLC, I don't think that's the same co though. I looked at all the typical incorporation States, CO, FL, DE, WY and NV and don't see any business with that name, so I have no clue.
Whatever the case, for whoever the potential new owners are, as a long term shareholder, I'd hope for....
A) Keep the share structure good. If you bought out the insiders you would own around 90% of the shares, so you could get by with a small issuance, no need to run the share structure up super high. A very high o/s with a extremely low float is never a good idea.
B) File a 10-12G, re-register with the SEC and discontinue OTC Markets alternative reporting system, I understand why they filed a Form 15 here, they needed to save $$$'s, however, you need to be an SEC filer to have a chance in this current OTC Market, Pink Sheets are getting little to no volume, nor are they even remotely taken seriously as companies.
Big Brother
2 weeks ago
According to the latest filing, it looks like they may have found a reverse merger finally, though I'm not sure who 'BOT Makers AI, Inc' is as of yet.
NOTE 7 – SUBSEQUENT EVENTS
We did not identify any additional material events or transactions occurring during the subsequent reporting period that required further recognition or disclosure in these financial statements. The Company entered into a letter of intent for the reverse acquisition of BOT Makers AI, Inc. on March 21, 2024
Big Brother
8 months ago
Verified Profile and the most recent Q filed(ending 07/31/2023), so should just need an attorney letter I believe to be back Pink Current Info.
If I recall correctly, this would be the only ticker I owned that went to Expert and actually came back, since the amendments to Rule 15c2-11 went into effect.
They would still need a 211 review, to become PQE and get rid of the unsolicited quotes, that could be done by uplisting to the QB, however, we would need to merge with, or acquire someone with some cash to do so...unless they can raise some money here somehow. I think that would be difficult though, as any lender would not be able to get shares deposited in a CD type scenario, due to the unsolicited quotes.
Powers that be make it very difficult for small companies to do anything in this shitty market these days.
Also, FWIW noticed the gold 'Q' is gone in the company logo and now we have a hydrogen/green energy type logo.
Big Brother
1 year ago
BTW there is no 'SUBSEQUENT EVENTS NOTE 8' in this latest OTC Markets disclosure Quarterly filing.
The Company had previously intended to market, package, and distribute, Hemp-CBD based products. Our mission
was to Create High End, Unique Content and aggregate all relevant CBD content in the Nutraceutical and
Pharmaceutical markets. In 2022, after the effects of Covid, the Company decided to change direction and acquire
companies in the green energy sector. The Company has executed a letter of intent on December 12,2022 to acquire
its first energy company. (See Subsequent Events Note 8).
There is a SUBSEQUENT EVENTS NOTE 7 but all it says is this....
We did not identify any additional material events or transactions occurring during subsequent event reporting period
that required further recognition or disclosure in these financial statements.
There is a 'SUBSEQUENT EVENTS NOTE 8' in the last 10K, that was about the Progressus LOI, so perhaps that is still in play and they are trying to get MOTNF's 49%......just speculating though.
Big Brother
1 year ago
Once they have completed all the disclosure they are required to file, then it should be pretty soon afterwards.
Its possible they need an Annual Report, even though the 10K was filed not that long ago, as well as an Attorney Letter as their financials are unaudited.
Whatever this new LOI is, there was no PR, like the Progressus LOI had, so no telling who the company is or if it will close, hopefully its something good.
Big Brother
1 year ago
Another Q just filed, sounds like they have a new LOI, another hydrogen company, unless they are still trying to acquire Progressus...??
50.05% of Progressus was recently acquired by AmmPower (OTCQB:AMMPF) so not sure....maybe they are trying to get the other 49.95%. Hopefully not, who wants AABVF or MOTNF holding a ton of shares, plus its pretty clear the market did not seem to care all that much about Progressus, yes volume is perhaps up a little bit since the acquisition but the pps has not done anything special.
The Company had previously intended to market, package, and distribute, Hemp-CBD based products. Our mission
was to Create High End, Unique Content and aggregate all relevant CBD content in the Nutraceutical and
Pharmaceutical markets. In 2022, after the effects of Covid, the Company decided to change direction and acquire
companies in the green energy sector. The Company has executed a letter of intent on December 12,2022 to acquire
its first energy company. (See Subsequent Events Note 8).
https://www.otcmarkets.com/otcapi/company/financial-report/360923/content
Big Brother
1 year ago
To get off the Expert Market and back to normal quotations.
They were an SEC filer for several years, they filed a Form 15 to deregister, which suspends a company's duty to file reports with the SEC. Its possible they may have done this to save $$$'s and instead file OTC Markets disclosure which is cheaper. If that's the case, while not ideal, I can appreciate it, its better that having to raise money through convertible debt, just to pay for the SEC filings I suppose.
Any time your on the Grey or Expert Market, your at risk of having your symbol randomly deleted by FINRA for being an 'inactive security', especially in a case like this, where the ticker barely ever trades.
Big Brother
2 years ago
This is likely going to be a long term hold as well, as now they need to go a different route and find something new.
As I mentioned before I didn't think was a great deal for BQST shareholders, so I'm not sure what the Progressus shareholders were complaining about, they would have held like 90% of the o/s.
Progressus is a startup, who will likely not see any revenue for ages if ever, as hydrogen home's may never catch on, especially now that multiple studies have show that heating homes with hydrogen is not really viable.
Hopefully they can find something new for this sometime next year, until then I will continue to accumulate when I can.
Big Brother
2 years ago
Progressus technology is pretty cool, as it would allow hydrogen to travel through existing natural gas lines to peoples homes....where it would then get separated at the home from the natural gas..... thus making hydrogen more accessible for folks to use.
However, I thought 90M shares issuance was way too extreme...... especially with a couple of dirt cheap penny stocks owning the bulk of the shares. When these companies are done diluting their own shareholders into oblivion, the next thing would have been to start dumping their shares of BQST.
So as a BQST shareholder, longer term I just didn't like it, .....and it would never have been appealing to others @ $1.00+, when folks saw the majority shareholders were cheap penny stocks...it just didn't look good IMO.
I think they can find a better merger/acquisition, this is a very solid shell, though not technically classified as a 'shell' per se.......an SEC filer, with a high insider ownership % and tiny amount shares held @ DTC. If someone wanted to merge in, become penny stock exempt and prepare for uplisting, it would be pretty easy to do with this share structure, they could also potentially buy out the bulk of the float as well, as the share are still in cert form. So to me this is one of the better OTC merger vehicles out there.
Big Brother
2 years ago
I see they just verified their profile @ OTC Markets, I believe the Business Description was changed, that use to have the Progressus information there....and that's been removed and now reads:
BioQuest is positioned to generate revenue by acquiring established companies who have a current presence in industries and bring new products to the market generating immediate revenues, created and marketed by BioQuest.
Perhaps this Progressus merger is not going to happen, it was a non-binding LOI and it has taken awhile...so...hmm..??
Would not really break my heart honestly, I do think the tech looks interesting...BUT.. 90M share isuance seems extreme and having a couple low priced penny stocks like MOTNF and AABVF holding the bulk of the shares does not exactly inspire a ton of confidence, even if their shares are restricted.......I think they could find a better merger/acquisition IMO.
Big Brother
2 years ago
The Q just out needs to be amended as there is a typo in the outstanding share count, shows 11,485,320,230 when it should read 11,485,230.......quite a big difference....lol.
https://www.otcmarkets.com/filing/html?id=16075749&guid=AN--kaUP5EwyvOh
Big Brother
2 years ago
10K out, finally got the number of shares being issued in the merger. Should make the final share structure about 101M o/s 1.4M float.
NOTE 8– SUBSEQUENT EVENTS
On June 23, 2022, the Company executed a non-binding Letter of Intent with the shareholders of Progressus Clean Technologies, Inc. (“Progressus”), whereby the Company shall acquire all of the issued and outstanding shares of Progressus, a private company incorporated in Delaware in exchange for the Company issuing 90,000,000 shares of its common stock to the shareholders of Progressus. Should the acquisition become effective, the shareholders of Progressus will control the Company.
Big Brother
2 years ago
Don't know but I would not be surprised, a lot may depend on how many shares will be issued to MOTNF and AABVF, which accounts for about 90% of the merging company. Ideally I'd like to see them keep it under 50M total but who knows.
The tech looks very interesting to me, massive potential and Pinakin Patel is one of the worlds foremost experts in hydrogen and fuel cell technologies and has received over $500 million dollars in R&D funding for the development of projects worldwide.
Also, considering there are only 93K shares held @ DTC, pps could really blow up post merger IMO.....whether or not that happens, only time will tell as the low share prices of MOTNF and AABVF could possible hurt this to some degree.
https://www.linkedin.com/in/pinakin-patel-1042684/
BioQuestNews
3 years ago
BioQuest Corp. (BQST) Plans Up listing to OTCQB
January 07, 2021 08:45 ET | Source: BioQuest Corp
Newport Beach, Jan. 07, 2021 (GLOBE NEWSWIRE) -- BioQuest Corp, (OTC:BQST), a FULLY Reporting Company and provider of high end CBD products to the retail, direct and internet markets, it is pleased to announce the Company's plans to up list to the OTCQB market within the next few weeks. The application process will not guarantee acceptance of Company’s application by OTCMARKETS from the PINKS to OTCQB..
BioQuest, Corporation - markets, packages and distributes an assortment of Hemp-CBD based products for the health-conscious consumer. Our mission is to create high end, products and bring together all relevant CBD content in the Nutraceutical and Pharmaceutical markets, to one place so that it is easily found and comparable by consumers. BioQuest will also be positioned to generate revenue by acquiring established companies who have a current presence in the nutraceutical cannabis industry as well as by bringing new products to market that will generate immediate revenues and will be created and marketed by BioQuest.
The Company believes that the move to the OTCQB will provide enhanced investor benefits including higher reporting standards, greater access to analyst coverage and news services, and more comprehensive compliance requirements. The OTCQB is considered by the Securities and Exchange Commission (SEC) as an "established public market" for determining the public market price when registering securities for resale with the SEC. The OTC Pink is not considered as such and most broker dealers will not trade or recommend OTC Pink stocks. Because the OTCQB dramatically increases transparency, reporting standards, management certification and compliance requirements, most broker dealers trade stocks on the OTCQB. Historically this has resulted in greater liquidity and awareness for companies that reach the OTCQB tier.
“We anticipate that trading on the OTCQB will raise our visibility within the investment community and will help to broaden our shareholder base,” stated Thomas Hemingway, CEO & Chairman of BioQuest Corp. “Up listing to the OTCQB will be a significant milestone for the company (if our application is accepted by the OTCMARKETS) as it provides shareholders and potential investors with greater transparency and liquidity, and exposes BioQuest to institutional investors which do not invest in Pink Sheet companies.”
Since the legalization of CBD, numerous states have created new and exciting markets with great marketing and sales potential. Once federal laws allow wider use of cannabis the cannabis space is going to be a sunrise industry with huge growth potentials; in all areas of one’s life from medical uses, pharmaceutical, nutraceutical, pets and recreational.
About BioQuest Corp.
BioQuest Corp. sells primarily into the business-to-business market and internet-based consumer to consumer, which includes legally operating medical and adult-use dispensaries, growers, and brand owners in states with cannabis and CBD programs. We plan to reach a large and diversified customer base through our direct sales force, our user-friendly website, and the strategic use of re-distributors. Sales, fulfillment and support staff meet with customers to understand their needs and improve our product offerings and services. We will dedicate certain sales and marketing efforts to our products, customers or geographic regions, as necessary, which enables us to develop expertise that is highly valued by our customers. BioQuest is Headquartered in Newport Beach, CA. Additional information on BQST is available at www.bioquestcorp.com
Forward-looking Statements
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Statements in this press release concerning the company’s expectations, plans, business outlook or future performance, and any other statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters, are “forward-looking statements.” Forward-looking statements inherently involve risks and uncertainties that could cause our actual results to differ materially from any forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the Company’s failure to implement or otherwise achieve the benefits of its proposed business initiatives and plans; acceptance of the Company's current and future products and services in the marketplace, including the Company’s ability to convert successful evaluations and tests BioQuest CBD products into customer orders and customers continuing to place product orders as expected and to expand their use of the Company’s products; the Company’s ability to raise the funding required to support its continued operations and the implementation of its business plan; the ability of the Company to develop effective new products and receive required approvals; competitive factors, including customer acceptance of the Company’s CBD-based products that are typically more expensive than existing Products; dependence upon third-party vendors, including to manufacture its products; and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission (the SEC), including its Form 10-K and 10-Q’s.
BioQuest Corp
714.978-4425
BioQuestNews
4 years ago
BioQuest Corp is a public reporting company (OTC:BQST) who markets, packages and distributes Hemp based products and Pharmaceutical based and Government approved products. Our mission is to Create Unique Content and aggregate all relevant CBD content in the Nutraceutical and Pharmaceutical markets.
BioQuest is positioned to generate revenue by acquiring established companies who have a current presence in the nutraceutical cannabis industry and bring new products to the market generating immediate revenues, created and marketed by BioQuest.
Mission
Produce, market and distribute top quality products that accomplish the maximum potential with CBD.
We believe that we are building one of the strongest and most recognizable and quality brands in the Nutraceutical and Pharmaceutical industry. We recognized early on the importance of creating a strong, identifiable and lasting brand that would separate our Company from the competition and resonate with customers. Our logo, our name, the style of our ads, and all collateral material will reflect our “brand image.”
Revenues
• Retail stores, big box
• Direct to small chain stores
• Internet
• White label
• Acquisitions
Since the legalization of medical and recreational CBD, numerous states have created new and exciting markets with great investment potential. Once federal laws allow wider use of cannabis this is going to be a sunrise industry with huge growth potentials from medical uses, pharmaceutical, nutraceutical and recreational.
We sell primarily into the business-to-business market and internet-based consumer to consumer, which includes legally operating medical and adult-use dispensaries, growers, and brand owners in states with CBD programs. We will reach a large and diversified customer base through our direct sales force, our user-friendly website, and the strategic use of re-distributors. Sales, fulfillment and support staff meet with customers to understand their needs and improve our product offerings and services. We can dedicate certain sales and marketing efforts to products, customers or geographic regions, when applicable, which enables us to develop expertise that is highly valued by our customers. In addition, BioQuest has produced a new and exciting web-based program to sell legal products to both the consumer and business to business. A series of marketing and new programs will be used to bring the web site to use
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