Nov. 10 at 2:18 PM
$QIND $HTOO
QIND 10Q out this morning as well as a shareholder letter which discusses board changes as well as the results and also the path forward. Mostly good news. I do have concerns about the general & administrative line item in the report.
"For the three months ended September 30, 2025, Al Shola Al Modea Gas LLC (“Al Shola Gas”), increased its revenue by 32.1% compared with the same period last year. This growth was driven by the strong performance of Al Shola Gas, which continues to expand its engineering and distribution footprint across the United Arab Emirates.
Over this period, QIND has reduced its overall indebtedness by approximately
$1 million, including the reductions in other convertible and personnel-related liabilities. In addition, accounts payable decreased by a further approximately
$1 million, further strengthening the Company’s balance sheet and liquidity position."
https://www.sec.gov/ix?doc=/Archives/edgar/data/1393781/000149315225021390/form10-q.htm
https://www.sec.gov/Archives/edgar/data/1393781/000149315225021391/ex99-1.htm
