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Quisitive Technology Solutions, Inc. (QUISF)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.8100+0.0100 (+1.25%)
At close: 03:43PM EST
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  • j
    john
    Posted on quis stockhouse - From Scotia this Morning Outperform $2.90 Target

    OUR TAKE: Positive. We had the opportunity to connect with Quisitive CEO, Mike Reinhart, to get an update on Global Payments Solutions, esp. LedgerPay and Cloud Solutions business, and meet Jana Schmidt, the newly appointed President of Global Payments Solutions. Further to our discussion (detailed below), we continue to maintain a positive outlook on the company and a Sector Outperform rating with $2.90/sh one-year price target.

    KEY POINTS
    LedgerPay certification process is slowly progressing in the right direction. As per our discussion with Mr. Reinhart, he stated that the LedgerPay certification process has been initiated with MasterCard (“MC”). He mentioned that, last week, several pieces of hardware were installed with MC, with some hardware used being the loaner hardware from MC. This allows for the initial set-up to be completed which, once configured within the MC network, will allow the company to initiate simulation testing followed by the iterative testing. This testing process could take anywhere from 30 to 45 days, successful completion of which will result in LedgerPay getting certified with the MasterCard network followed by commercialization.

    In addition to LedgerPay, we spoke to the company about the BankCard and Global Cloud Solutions business. Management indicated that BankCard has shown solid performance, with transaction volumes at ~4 million/year (y/y increase of ~20%). Additionally, as per management, Global Cloud Solutions business is doing very well, and management expects a strong year ahead.

    We asked management if they were considering any new acquisitions at this time, to which they responded that given the current business priorities, a new acquisition over the next few quarters seems less likely. Having said that, management stated that they do see potential acquisition targets on a regular basis and if they were to come across a complementary business/technology, they would definitely consider it.

    As mentioned earlier, we also had the opportunity to connect with Jana Schmidt, newly appointed President of Global Payments Solutions (a newly created position that reports directly to Company CEO, Mike Reinhart). Ms. Schmidt brings over 20 years of payments and consumer engagement experience in senior management positions.
  • k
    kamlesh
    Today Quisitive announced that we are now qualified to trade on the OTCQX Best Market. By graduating to the OTCQX, the highest tier of OTC Markets, U.S. institutional and retail investors can now actively trade Quisitive stock with ease.
  • l
    luke
    We have done it quisinites, we are leaving the pinks!
  • A
    Anonymously
    I had thought we were already listed on the OTC?? Can someone clarify this??
  • m
    misrespet
    Good to know That there are some big things close that could double the stock price almost overnight.
  • A
    Anonymously
    Is it worth holding for so long,? What is the future potential here, 5, 10, 20 dollar stock or? and at what time line?
  • l
    luke
    Hey quisinites hope the holidays were good to ya and this message finds you in good health. Over the past week i emailed IR following up on some ancilliary items and they were hush hush not to my surprise, sharing the response here for ya:

    Re TSX uplist: confirmed company still plans to uplist, no comment on timetable

    Re: cdn bank spon: nothing publicly mentioned yet so they cant comment. (MR talked about this on the gateway Investor pres back in sept so i dont get that response really)

    Re DLT utilized in LP: unable to comment.

    ^ was looking for general confirmation of use of DLT to confirm some prior instances of company dropping “blockchain” i am certain they are using some distributed ledger as the tokenizing platform.

    Im sorta exhausted from my quis myself after 1.5 years of missed guidance but im still here. Anyhow wanted to share the above and wish you all a great year in and out of the markets. Heres to LP coming online in feb. cheers.
  • j
    john
    The constant downtrend is depressing
  • Z
    Zachary D
    Why is it down on good news of US listing?
  • a
    anthony
    Like watching wet paint dry lol ….
  • m
    misrespet
    Jana Schmidt...great credentials.. great news for Quisitive.. No reason this will not be a $5 dollar stock just down the pike.
  • A
    Aaron
    holding strong! I feel good about Quis! good luck all!
  • a
    anthony
    How is FOBI up 8 percent and we can’t even move about the last price raise of 1.20 with all the catalysts in the future
  • L
    Liam
    Just realized analysts are projecting a doubling of revs again. Crazy we get to buy this growth stock for so cheap. I’m sure their goal of 250M of revs will be beat by next year and 100M EBDITA possibly too with assistance from LedgerPay! If we hit 100M in EBDITA that will easily double if not 3, or 4X this stock.

    My understanding though is that Cattapult had way lower margins almost a type of company that $CTS.TO would acquire but the payments side will bring the margins up to the long term goal of 40% adjusted EBDITA. Bright future ahead.
  • s
    steve
    Ouchhhhhhh
  • m
    misrespet
    Third-quarter revenue increased 119% to $27.8 million for the quarter, was great news and so much of our new business is yet to come online.
  • H
    Hugo
    It's bouncing nicely since a month, I hope it's the start of a new big uptrend. Happy new year to every fellow Quisinites
  • L
    Liam
    US and CAD Small caps are due for a big reversal soon, early 2022 this will rocket along with the others.
  • H
    Happy Tails
    Merry Quismas everyone !
  • L
    Liam
    Alright guys settle down on the buying until new TFSA room. I need some cheap shares in there!