Quantum Biopharma Ltd.

Analysis for Ticker: QNTM

Quantum Biopharma Ltd says it is finding a cure for brain diseases like multiple sclerosis and making drinks to help people sober up from alcohol. The reality is a math equation where public money is used to buy Bitcoin and pay executive bonuses while the company makes exactly zero dollars from its products. This is a disaster because the company has lost a total of 198,3$ million and only has 2,4$ million left in the bank, meaning it is running out of air while the people in charge are still taking their cut. Imagine a piggy bank where you put in your allowance to help a sick friend, but the person holding the piggy bank takes the money to gamble on internet coins and pay for their own house. The mechanism for this transfer of wealth is protected by a special voting structure where forty-two shares held by insiders like Xorax Family Trust and Fortius Research and Trading Corp have 74,93% of the power, leaving regular people with no say in how the money is spent. These special shares hold 276.660 votes each. The company also bleeds cash into a giant pile of lawsuits, including a 700$ million fight with Canadian banks like CIBC and RBC that they are paying for by borrowing 1,0$ million from an entity called Sports Coat LLC against hypothetical future winnings. They are also fighting their former chief executive officer Dr Raza Bokhari and a company called GBB Drink Lab.