/biz/ - Business & Finance

Quant are exit scamming?

Did you know that recently Colin Paterson recently resigned as CTO of Quant Holdings, a "Dormant" Company.

Yes, remitt, founded in 2015, renamed it self to Quant Network and has all information there etc, although the accounts are overdue, which is strange for s company as big as quant to not have someone dedicated to accounts. But, this is a side point. There are two quant companies.

Quant holdings was setup in November 2017. First point of note is that the ICO ended 30th April, raising about 11 million. Having lent his name to the project, Paolo Tasca left approximately one month afterwards.


There has then been some shuffling of shares, with Paolo now holding 0 shares. Gilbert hold vast majority and Colin minority share. If this company was not worth having shares in, as Quant network is main company, then why are they still messing around with shares in Feb 2019?

In March the shares were again changed, and wording added about capital and winding down.

Then on the 10th of June Collin Paterson resigned, leaving Gilbert as the only director. It is strange that they go to efforts to ensure this is correct, but still failed to submit the accounts for Quant Network on time, (the one that we are told is creating revenue).

Last point is, why have a dormant company? A Quick search will show you that one reason is that they are often created to hold assets (most likely ICO funds?) and that actually dormant companies may be dormant for a period while being wound up.

Imo, it is important that these questions are addressed. Gilbert usually responds to "fud" like this straight away but has not so far. All we have had is answers from community, I applaud their efforts, but quamfy lounge saying "fud" is bullish is getting a bit old now.


DYOR

Quant Holdings
https://beta.companieshouse.gov.uk/company/11089274/filing-history

Quant Network
https://beta.companieshouse.gov.uk/company/09798383