Dear Share expert,

        My relatives bought this share for USD2.50 * 10,800 share (About RM120k) , he was told that this company QMIS security is going to get listed in USA for value over USD 8 Market price when listed on NYSE.

        But based on his share certificate, he gotten 10,800 share but with par value of $0.001 per share.
       
        Does it means that he got cheated or significantly overpaid for his share? Because based on my knowlege his share cert only worth USD 10.80
Now he tengah panic and ask for my help.
Hope some sifu can help

$0.25 per share

https://www.marketwatch.com/investing/stock/qmis

Well agreed Christina. There are too many victims involved in this so-called QMIS IPO.

To other victims who landed this page in future, let me brief about what is the current "talk show/ aka lie show" explained by this company.
I have friends who got scam by this company, so I roughly know what's happening to this company (might not 100% correct). Let's get into it. Few months ago, a company "RICHWOOD VENTURES BERHAD" contacted my friend that there will be a zoom online call to discuss what's happening to QMIS IPO. Hence, I pretended to be an investor to listen their "talk c*ck show". Well, they mentioned that they submitted the wrong file to Nasdaq. Instantly, I felt very silly to these group of management team and at the same time I also felt sorry to the investor whose money got scam. Then, they mentioned that it will listed on Nasdaq end of September 2021. Well, few days ago, another same "talk show" via zoom call, they mentioned it will listed on Nasdaq next year January 2021. So, in my opinion, I believe that this is a scam because QMIS is blacklisted (check on OTC market website). Unfortunately, I did not do deep research, but I do found these few companies are linked to each other to scam people money. According to my friend, the black and white contract mentioned that if QMIS not able to listed on Nasdaq, then QMIS will refund the money plus the interest to investor. I am not sure about this, but if you are the victim and reading this message, perhaps you should connect with other victims and get a good lawyer and ready for a war.

Below are the companies I mentioned that they might linked to each other.
RICHWOOD VENTURES BERHAD
PANTOP MILLENNIUM SDN BHD
Dear Christina,

You mentioned that your relative are able to withdrawn their money. Hence, I informed my friend about this. Unfortunately, they do not allow my friend to withdrawn money by mentioning "Sorry, we already submitted your details to Nasdaq". Well, I do not dare to make any wild guess. But, I do hope that these bunch of guys will get their karma soon.