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Midas Edge

QUANTUM X LABS INC. QXL (last ticker on record)

CIK 797542Its SEC filings (opens in a new tab)

  • Bankruptcy
  • 95% wipeout

These figures describe clients, not conduct. A lawyer or firm can serve many companies that later had trouble for reasons that have nothing to do with their work, and nothing here says any lawyer or firm did anything wrong.

Red flags
2
Newest began Apr 2024
Largest fall in its shares
99%
Jan 2016 to Sep 2017
Law firms
1
Linked to 5 or more companies
Lawyers
6
Linked to 5 or more companies

What happened

  1. Shares down 95% from their high
  2. Shares down 95% from their high
  3. Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)

An SEC release can name a company’s officer, or its stock as what a scheme sold or moved, so the company may be the victim. Each link goes to what to read.

Law firms

The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.

Lawyers

The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.