Quepasa.com (QPSA) is a Latino Social Network. Think of My Space without the traffic and the know how. With zero profits and millions in expenses, this company never seems to take off. Hard to believe with such a valuable brand name, Quepasa should make money even if by just printing t-shirts. Having gone through a bonanza worth $300+million plus, a series of bad management decisions, and a series of CEO, and control changes, over, and over, has not helped either. To this add MBA's and bankers running a product in desperate need of highly creative people and serious web developers. A challenge not yet met, having let go 90% of their US team, and outsourcing the operation to third world shops in Mexico without the know-how and out of touch.
Sell, sell, sell... or if you must buy... just wait! It will keep going down, then buy, and hope, hope... a smart guy may, may come about and buy the company, bring it back to the US, hire 5 geeks and show the world.