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Shell Summary for Aug. 13, 2018

2018-08-13 20:51 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange dropped 12.76 points to 680.99 Monday. Mike Reinhart's shell graduate and tech consulting firm, Quisitive Technology Solutions Inc. (QUIS: $0.35), began trading today. There were 23 trades, all at 35 cents, for a total of 145,000 shares. The seller or sellers were anonymous.

Quisitive has offices in Dallas, Denver and now Toronto. It offers information technology consulting services, primarily related to Microsoft's Azure cloud platform. Quisitive bills itself as being right at the forefront of the tech sector, not only by boasting of Microsoft's achievements as though they mirrored its own performance, but also by talking up everything from artificial intelligence to the Internet of things to "extensive" data and analytics to blockchain technology. Quisitive claims that the last one on that list, blockchain technology, is "now mature enough to be profitable." Nevertheless, despite its knowledge of what is profitable and what is not, the company lost $738,958 (U.S.) on revenue of $1.29-million (U.S.) in the first quarter of 2018. In the full year 2017, it lost $2.82-million (U.S.) on revenue of $14.01-million (U.S.).

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