Quantum Medical Transport Inc (OTCMKTS:DRWN) shares are flat at $0.00020 but could be due for some volatility soon. Share prices have been trading in a 52-week range of $0.00 to $0.00. The company has a market cap of $90,050.00 at 20.53 million shares outstanding.
Quantum Medical Transport Inc wrote a letter to its shareholders discussing the latest developments in the company and the challenges being faced, including Hurricane Harvey.
“First of all we want to thank our shareholders for your concerns and well wishes for our staff and The Great State of Texas and all of its residents in our time of catastrophic distress caused by Hurricane Harvey. The devastation and number of lives affected is unprecedented. Our staff, operations and vehicles were not impacted by the storm by the Grace of God, mother nature spared us, but our neighbors through various cities and counties were impacted severely,” the letter started.
The company also shared that it has experienced some challenges in our lengthy audit process with auditors MaloneBailey, LLP not to their satisfaction. “We have been promised final audit numbers on several occasions and they have missed the deadline every time. We hired a third party CPA firm to work with the audit firm to reconcile items that existed on the public companies books prior to our acquisition back in 2011 financials, which are the items that have caused the delay in our auditors issuing their audit opinion,” the letter disclosed.
Quantum Medical Transport Inc promised that they are determined to have this audit completed and released in September. From there, the company will move to become OTC PINK current reporting and report unaudited financials for the remaining periods.
Quantum Medical Transport Inc is a non-emergency medical services transportation company that operates in the State of Texas and provides life support ground transport in a non-emergency setting, 24 hours a day, and seven days a week.
The company makes both local and regional out-of-town services available on a daily dispatch basis. Its services include transportation for the handicapped, disabled, mentally retarded, elderly and chronically ill to and from day treatment centers, day care programs, hospitals, nursing homes, dialysis centers, and other health care facilities. The company’s services also include emergency and non-emergency ambulance transportation services, including limited 911 emergency services for patients.