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Minns took the case on a contingency basis. He will get a % of the winnings.
Good to Know It's Not The Court's Ruling.
I thought it was the court's ruling.
When will the court rule on the matter?
Ted,
So Quantum lost the case & will be responsible for paying damages to K&L Gates?
This is not what we need ...
Kansas Update:
Link:
http://okc.com/joco-court-records.html
Case Number:
17CV06093
10/02/2020 FILE STAMP 10/02/20, DEFENDANTS MOTION IN LIMINE TO EXCLUDE CERTAIN EVIDENCE FROM TRIAL
10/02/2020 FILE STAMP 10/02/20, PLAINTIFFS OBJECTIONS TO DEFENDANTS DEPOSITION DESIGNATIONS PLAINTIFF'S COUNTER DEPOSITION DESIGNATIONS AND PLAINTIFF'S OBJECTIONS TO DEFENDANTS EXHIBITS
10/02/2020 FILE STAMP 10/02/20, PLAINTIFFS' RESPONSE TO DEFENDANTS' TRIAL BRIEF
09/28/2020 <******* Bench Notes *********>
PLF APPEARS BY BUSH, DEF APPEARS BY MODRCIN, KRETZER, AND MINNS, NEED MINNS AND KRETZER PRO HAC OATHS, WILL USE DROPBOX PROVIDED BY DEF COUNSEL FOR TRIAL EXHIBITS, MOTION FOR JUDICIAL NOTICE - DOC 132- AND MOTION TO EXCLUDE EXPERT - DOC 125- CONTINUED FOR TRIAL RULING. PARTIES PROVIDE LISTING OF WITNESSES ORDER OF THE DAY BY 5PM ON THE DAY PRIOE TO TESTIMONY. ALL EXHIBITS SHOULD BE MARKED AND UPLOADED TO THE CLOUD SERVICE AVAILABLE TO ALL COUNSEL, THE COURT, AA, AND EVENTUALLY THE WITNESSES(RPTR: JEANS)(JUDGE: VANO)
09/28/2020 Defense Attorney MINNS, MICHAEL LOUIS assigned on
09/28/20
09/28/2020 Defense Attorney assigned on 09/28/20
09/28/2020 FILE STAMP 09/28/20, ORDER GRANTING MOTION FOR ADMISSION PRO HAC VICE
09/28/2020 FILE STAMP 09/28/20, MOTION AND MEMORANDUM OF DEFENDANT QUANTUM MATERIALS CORP FOR THE COURT TO TAKE JUDICAL NOTICE OF PRIOR JUDICAL PROCEEDINGS IN TEXAS AND FLORIDA
09/25/2020 FILE STAMP 09/25/20, MOTION FOR ADMISSION PRO HAC VICE
09/25/2020 PRO HAC VICE FEE $100.00; PAID BY WILLIAM M MODRCIN, RECEIPTED AMOUNT $100.00, E-PAYMENT NO: 94737098
09/25/2020 FILE STAMP 09/25/20, DEFENDANT'S RESPONSE TO PLAINTIFF'S MOTION TO EXCLUDE TESTIMONY OF DR. LEHRER
09/15/2020 SCHED. STATUS CONFERENCE on 09/28/20,02:00pm,Div 2
09/15/2020 FILE STAMP 09/15/20, PRETRIAL ORDER
09/14/2020 FILE STAMP 09/11/20, DEFENDANTS' TRIAL BRIEF
09/11/2020 FILE STAMP 09/11/20, DEFENDANT'S DEPOSITION DESIGNATIONS
09/11/2020 FILE STAMP 09/11/20, PLAINTIFFS' TRIAL BRIEF
09/11/2020 FILE STAMP 09/11/20, PLAINTIFFS' MOTION TO EXCLUDE CERTAIN TESTIMONY OF KENNETH LEHRER AND MEMORANDUM IN SUPPORT
Kansas Case Update
Looks like the court trail date got rescheduled by mutual consent. I would have thought that there would have been a settlement by now.
Link:
http://www.jococourts.org/
Case #:
17CV06093
------------------------------------------------------------------
03/16/2020 SCHED. STATUS CONFERENCE on 06/11/20,11:00am,Div 2
03/16/2020 SCHED. COURT TRIAL on 09/03/20,09:00am,Div 2
03/16/2020 SCHED. COURT TRIAL on 09/02/20,09:00am,Div 2
03/16/2020 SCHED. COURT TRIAL on 09/01/20,09:00am,Div 2
03/16/2020 SCHED. COURT TRIAL on 08/31/20,09:00am,Div 2
03/16/2020 CANCELLED FINAL TRIAL CONFERENCE on 03/27/20,09:00am,Div 2, COURTS CONTINUANCE/PARTIES AGREE ON NEW DATE.
03/16/2020 CANCELLED JURY TRIAL on 03/30/20,09:00am,Div 2
03/16/2020 CANCELLED JURY TRIAL on 03/31/20,09:00am,Div 2
03/16/2020 CANCELLED JURY TRIAL on 04/01/20,09:00am,Div 2
03/16/2020 CANCELLED JURY TRIAL on 04/02/20,09:00am,Div 2
Kansas Case Update
"03/12/2020 FILE STAMP 03/12/20, STIPULATION OF DISMISSAL WITH PREJUDICE OF PLAINTIFFS CLAIMS AGAINST DEFENDANT SQUIRES"
"03/12/2020 FILE STAMP 03/12/20, STIPULATION OF DISMISSAL WITH PREJUDICE OF PLAINTIFFS' CLAIMS AGAINST DEFENDANT SQUIRES"
http://www.jococourts.org/
Case #:
17CV06093
Can't Open the PPT.
Can you please repost with the full link?
Another Kansas Case Update
03/02/2020 FILE STAMP 02/28/20, TRANSCRIPT OF HEARING HAD ON DEFENDANTS MOTION TO COMPEL TAKEN ON FEBRUARY 4TH, 2020, PREPARED BY KELLEY M. MORRISON, RPR (913)715-3813
http://www.jococourts.org/civroa.aspx
Case Number:
17CV06093
Kansas Case Update
"02/28/2020 FILE STAMP 02/28/20, MOTION FOR EXTENSION OF TIME SUBMIT JOINT MASTER EXHIBIT LIST"
Link:
http://www.jococourts.org/civroa.aspx
Case #:
17CV06093
Don't know what this actually means, but thought I would share with everybody.
Kansas Case Update:
Case Number:
17CV06093
http://www.jococourts.org/civroa.aspx
"02/04/2020 <******* Bench Notes *********>
PLF APPEARS BY BUSH, DEF APPEARS BY MODRCIN, DEF MOTION TO COMPEL - DOC 116- UNDER ADVISEMENT(RPTR: MORRISON)(JUDGE: VANO"
Don't know what DOC 116 is, but I guess it's under review by the Judge.
Kansas Case Update
http://www.jococourts.org/civroa.aspx
Case #:
17CV06093
01/13/2020 FILE STAMP 01/10/20, PLAINTIFFS' MEMORANDUM IN OPPOSITION TO DEFENDANTS' MOTION TO COMPEL
12/30/2019 FILE STAMP 12/27/19, DEFENDANT'S MOTION TO COMPEL
12/04/2019 FILE STAMP 12/03/19, NOTICE TO TAKE DEPOSITION DUCES TECUM OF DR. KENNETH EUGENE LEHRER
----------
Does anybody know who Kenneth Lehrer is? Is he testifying for the Quantum or L-2? I looked him up on LinkedIn & he appears to be an expert witness on Financial matters.
Another update on the Kansas Case:
Video Deposition of Steve Squires.
Case #:
17CV06093
Link:
http://www.jococourts.org/civroa.aspx
Kansas Case Update:
Hello Folks,
It says there was a notice of service. I don't know what that means, but it's one more step forward.
Hope they are able to settle this thing, so we can have a healthy cash position on the company's Balance Sheet.
Case #:
17CV06093
Please see the link below:
http://www.jococourts.org/civroa.aspx
Kansas Case Update:
Here is what I found on the Johnson County website:
------------------------------------------------------------------
06/10/2019 CANCELLED FINAL TRIAL CONFERENCE on 08/02/19,09:00am,Div 2
06/10/2019 CANCELLED JURY TRIAL on 08/05/19,09:00am,Div 2
06/10/2019 CANCELLED JURY TRIAL on 08/06/19,09:00am,Div 2
06/10/2019 CANCELLED JURY TRIAL on 08/07/19,09:00am,Div 2
06/10/2019 CANCELLED JURY TRIAL on 08/08/19,09:00am,Div 2
06/10/2019 SCHED. JURY TRIAL on 04/02/20,09:00am,Div 2
06/10/2019 SCHED. JURY TRIAL on 04/01/20,09:00am,Div 2
06/10/2019 SCHED. JURY TRIAL on 03/31/20,09:00am,Div 2
06/10/2019 SCHED. JURY TRIAL on 03/30/20,09:00am,Div 2
06/10/2019 SCHED. FINAL TRIAL CONFERENCE on 03/27/20,09:00am,Div 2
06/10/2019 SCHED. MOTION on 08/15/19,02:00pm,Div 2
06/10/2019 SCHED. PRE-TRIAL CONFERENCE on 02/04/20,10:00am,Div 2
06/10/2019 <******* Bench Notes *********>
PLF APPEARS BY BUSH, DEF APPEARS BY MODRCIN, PLF MOVES TO RERAISE MOTION TO STRIKE JURY -PLF MAY SUPPLEMENT BRIEFING BY 06/14/19; DEF RESPOND BY 06/28/19; PLF REPLY, IF ANY, BY 07/12/19; DISCOVERY CUT OFF 11/01/19; DISPO MOTIONS FILED BY 11/22/19(RPTR: RECORDING)(JUDGE: VANO)
-----------------------------------------
Does anybody know what this means? Looks like the case is going be dragged out till November? I am not a lawyer,can someone deceiver what this means?
Link:
http://www.jococourts.org/civroa.aspx
http://www.jococourts.org/
Case Number:
17CV06093
OTC Rules
I don't believe that there is a requirement for OTC companies to have their share price at $1.00. As a result, I believe this would only be an issue if the company tries to uplist to NASDAQ.
It is my understanding that a NASDAQ uplisting is on the "backburner." The company is currently trying to concentrate on R&D & marketing it's technology to potential customers as well as fighting off the neusence lawsuits, which are are a distraction to the company's effort.
QMC Will Grow Organically
I just wanted to chime in after reading all the posts about a reverse stock split. A few years back when I had attended a shareholder meeting (When the company was trying to uplist to NASDAQ) the question of a reverse stock split had come up.
Steve said, he would prefer to grow the company "organically" rather than authorize a reverse stock split. It is not his best financial interest or any other shareholder's interest to have a reverse stock split.
The company should focus on obtaining contracts, making technological advancements, & making timely SEC filings; rather than pursue a reverse split.
Hope this is true!
We need more deals & partnership agreements. We want to completely sell out capacity. We want to order more microreactors to produce more & more dots & create more & more film & solar PV'S.
It's never enough!
Hopefully, there will be a press release issued by the company in the coming weeks!
Disappointed that we went below 3 cents.
I'm really disappointed that we fell below three cents. I was thinking there was going to be solid support at three cents.
I'm concerned that we could possibly see two cent range on a daily basis. There has been a lot of chatter about $5.00, I would be happy with keeping a steady stock price in the twenty cent range.
After all the technological advancements that have been made by the company, I don't think it's too much for the company to be trading in the twenty cent range.
The company keeps improving the technology, but the market doesn't seem to give consideration for the technology. The market only seems to be concerned with the lack of sales.
We keep hearing that the demand for Quantum dots is going to sky rocket in the next four years, & QTMM is going to be the lead supplier due to their continuous flow technology. Capacity to supply up to 4,000 KG of dots.
The same report was issued four or six years back & that is what prompted me to invest in the stock. However, this has not been reflected in the stock price by any means. I'm perplexed why this stock acts sideways:
When there is "good news" issued by the company, the stock price goes down & not up. Go figure ...
Really frustrated with the long wait & constantly taking two or three steps back to go one step forward.
If we lose the case in Kansas city one-two cents will become a reality.
Does anyone know when the case against the KLM Gates is scheduled for a hearing & a verdict to be issued by the courts? I have a feeling they will try to settle out of court, rather than go to trial. They probably will settle for $5-$7 million dollars rather than pay $20 million.
Sri wanted to pursue batch processing rather than continuous flow.
I am surprised that the employees who were working there weren't up in arms & didn't notify Steve immediately. He should've been booted out at that moment.
CES Costs lots of money!
To attend CES costs a lot of money. I think to have a booth there it costs $20 K-$50K. Don't know if Steve would want to spend that type of money at this point in time.
Lead Time For Equipment
Does anyone have any idea how long it takes to build & order the equipment necessary to produce Quantum Dots VIA the continuous flow processes?
For example, how long does it take to build a microreactor? I realize that they are expensive. I'm assuming a portion of the $1 Million licensing fee will be used to order this equipment. If I remember correctly a small reactor cost $250 K, while the larger ones cost $500K.
How many reactor's will be necessary to get India up & running? We are hoping that there are other deals in the works I.E. Arise India (the company based in New Delhi).
More deals means more demand for dots. More dots means more microreactors are needed.
WE NEED MORE, MORE, MORE, & MORE!
NASDAQ-Long Way To Go
A Listing to NASDAQ is quite awhile away. The company should concentrate on obtaining more contracts & building out facilities. The company needs to show positive Net Income before thinking about uplifting to NASDAQ.
NASDAQ uplisting should not be the company's primary concern. Concentrating on a NASDAQ uplisting is how the company got into the whole Sri mess, which has created the multiple lawsuits that it is currently defending itself against.
Perhaps in two or three years time. We have to go in baby steps!
Great News!-Questions
This is certainly great news that we have FINALLY inked a deal, which provides a much needed cash infusion into QMC's coffers. While I am elated about the news, I had a few points that I wanted to clarify, that perhaps some of you can help answer.
1. What is the difference between AMTRONICS & AMTRONICS CC
It's my understanding that Andrew Robinson, is the CEO of AMTRONICS.
2. AMTRONICS India- Dr. George Anthony Balchin
Is AMTRONICS India another entity or is it related to AMTRONICS or AMTRONICS CC? I am confused.
Dr. George Anthonu Balchin, this is the first time I've heard of his name. Has worked with QMC in the past?
3. $1 million of an upfront licensing fee payment is being given to QMC, right NOT to AMTRONICS, AMTRONICS India, AMTRONICS CC? What does CC stand for?
4. If I remember correctly there are certainly milestone payments that will be given to QMC, are these quarterly payments with certain deadlines? Can someone pull up the contract & post for our reference a synopsis.
5. It is important to note that AMTRONICS is different than QMC Asia. QMC Asia deals with GTG. I believe that is still alive, even thought we haven't heard anything about it. If I remember GTG is supposed to buy QMC stock when it is at 12 cents a share, is that correct? If so, this will certainly aid in driving volume.
6. To my knowledge Freshfield (FF) is dead. They never followed through with their $1 million investment.
LEGAL ISSUES:
1. Texas Case got dismissed with prejudice. Florida case got dismissed for lack of Jurisdiction. We have a show down in Kansas, which is supposed to be heard in April 2019. Has an exact court date been assigned? This will really establish if the predatory lenders (L2 Capital & SBI Investments) can obtain additional shares for the alleged breach of contract.
2. Lawsuit against the company's former legal counsel for $100 Million K&L Gates. Has a court date been assigned for that? Is the case going to be trialed in Texas?
3. Are there any other lawsuits outstanding? To my knowledge L2/SBI & K&L Gates. I am really concerned about the Kansas Case. What is your opinion about QMC's prospects of winning the Kansas Case? If QMC does win, do you think Steve will counter sue for legal costs & punitive damages?
TECHNOLOGY CONFERENCES:
1. Consumer Electronics Show (CES) generally happens in January in Las Vegas or California. However, it is my understanding that the company generally attends CES Asia, as QMC's client's would attend CES Asia than CES U.S.A.
Thank you for everyone's contribution to this board. I enjoy reading the posts; it allows everyone to stay informed & be on the same page.
Match Shares?
Jamis- Can you please elaborate what matching shares are?
Thanks for educating us!
I MUST AGREE WITH YOU!
The people who are working there are working there because they believe in the technology & in the story. It's not so much for the money, unless they have a whole bunch of stock options (which I hope they do, because they deserve it!)
In the shareholder meeting, Steve thanked his employees saying they have been working many hours around the clock to have the blue dots come to fruition.
It's time to start selling those dots to develop into film!
I agree with you! That's my point
IMPROVING TECHNOLOGY DOES NOT = DOLLARS!
SALES = DOLLARS!
All I am saying, & I think many share my sentiments, which is PATIENCE IS RUNNING THIN!
Same old news of:
we are developing/improving the technology. I remember when Clay sent out the press release a couple of years ago regarding the TQD'S.
It's great they have TQD's & have developed a blue quantum dot. However, as we have seen this DOES NOT PAY THE BILLS & increase the stock price.
It's getting to be frustrating to constantly wait for "the day of deliverance."
I certainly hope that Steve is honest about Revenues in 2019.
I agree with you if we don't see something soon, this stock will go to ZERO!
It's upsetting to see the stock heading to 2.5 cents.
It's great to know that Scientists want to work for the company, but the company doesn't afford to hire any additional staff on their shoe string budget.
It's great to hear that QMC is ahead of the curve by constantly improving the technology, but as always we need SALES! We need news of a contract.
The same old news.
Waiting, Waiting, Waiting ...
QMC's Current State of Affairs
Hello everyone,
It's been awhile, since I've posted on the board, but I have been following the traffic for some time. I guess one of the reasons I haven't posted is there hasn't been much going with the company.
I have yet to read the 10 K in it's entirety. It's one the projects, I would like to do tonight.
I am concerned about the following:
1. The departure of David Doderer is a significant cause for concern. He was Steve's right hand man & was the next in line to become CEO, when Steve retires, or decides to pursue another start-up idea. I understand that he is still a director of the company, but if he is no longer working as an employee of the company, that mean's he's not involved in the day to day operations.
In my opinion, David's departure from the day to day operations is a huge loss for the company.
2. The counter suit by Steve against K&L Gates for fiduciary duty. It's good that Steve is trying to recover something for the predatory lender scheme. I was just curious if anybody attended the shareholder meeting a few years back; there was a Lawyer named Brice or Bryce. (Don't know if how to spell his name.) Was he associated with K&L Gates? When we attended the meeting he made us write down our names, email addresses, & phone numbers. I tried looking on Steve Squires Linkedin profile, he doesn't have Brice as a connection. Does anybody know his last name?
3. Does anyone have any idea how long the lawsuit against K&L will take. I am thinking it will be a ~2 year affair; based on the prior lawsuits we have seen from SBI/L2.
4. The departure of the two scientists: Ahmad Shaik & Anil Desireddy. Why would these people leave if they are close signing a contract. This has been indicated with the India deal, which was inadvertently leaked on Facebook.
5. Initially, QMC was looking to hire a patent lawyer. Did they ever hire anyone? The fact that the company has not filed any patent applications is disturbing. I understand that in order to file an application it can cost several thousands of dollars. I believe the initial cost can be anywhere from $20K-$50K. I'm not a lawyer, so I'm not so sure.
I certainly hope that 2019 will finally be our year. We have been waiting patiently for the company to pull through. The company has jumped through many hoops I.E. getting rid of crocked outsiders (Sri & company), dealing with stupid lawsuits brought on by predatory lending trying to take the company for themselves by making the company insolvent.
Steve has had his hands full trying to redirect the company back onto the right path.
If anyone has any further insights, please feel free to share. I would like to hear about them.
Miami Case Got Dismissed With Prejudice!
Hello Everyone,
I wanted to let you know that I looked up the case that was going on in Florida, & Quantum WON! The case was dismissed with Prejudice. For those of you that are not legal minded (like me), that means that the Plantiff SBI investments can NOT file suit again in court. In other words, they can't appeal the decision. The decision to dismiss is final. In the eyes of the court, it means the matter is done & over with!
I wonder if Steve & company will sue for court costs, etc ...
Here is the link:
https://www2.miami-dadeclerk.com/ocs/ViewerHTML5.aspx?QS=B6%2f9EwnZlIiih%2bgqiU8rawLJW%2bj4E30XGWoN6L%2b82TnY7jTJxtTEozW6n%2fDcctXvrxQauYknVHSUUkv8tFdWBscGyUGQltUpEiZKyG58SZLAA2rb60j%2f6QxQzXgZsKfBzyQBz7CwC484%2fglK40GcbOgTV%2f6DNqDlwC%2bulivjzKfofrLrmcIgCWLIFHL72AKYT9Yg7iUBxokzWPDbrQq8v91k2uMVlKjl
If that link doesn't work try this one:
https://www2.miami-dadeclerk.com/ocs/Search.aspx
For Party name, type in Quantum Materials Corp.
For Party Type select: DN
Case Type: Contracts & Indebtedness
This is great news!
Texas case is gone! Florida Case is gone! Next is Arizona, right? The hearing isn't till 2019, these two cases will easily set a precedent!
The Q's are being filed one by one & the legal issues are starting to disappear. Things are looking up!
TO INFINITY & BEYOND!
QTMM Status On The Pink Sheets
Hello Everyone,
I hope you are all doing well. It's been a while, since I've posted on the board.
I was curious if anyone was able to place a trade to purchase QTMM shares in their brokerage account. I recently tried to buy some shares online through Fidelity & was told by Fidelity that because Quantum is trading on the pink sheets that they would not recognize the stock & hence I was unable to place a trade. They said that this was for "investor protection."
Has anyone experienced this problem with Fidelity & other brokerage houses?
This could explain why there is such low trading volume on the stock.
I hope the company files their 10-K soon, so they can go back to the OTC, & we won't experience this issue anymore.
"Quantum Inside."
Hello Everyone,
I have been reading the comparison of Quantum Materials Corporation to Intel Corporation for quite awhile.
Can someone please explain to me, why this analogy between the two companies is constantly being made? Is it because Intel produces microchips & QMC produces dots?
QMC should come up with a tagline. Instead of "Intel inside" dat dat dat, QMC should say "Quantum inside" or "TQD inside!"
Furthermore, if the two companies are so similar does anybody think that Intel Corp might buy out QMC? Who would you think would take over QMC, if Steve & company decided to put the company up for sale? I know BOE is currently a "strategic partner" & BOE is a supplier to apple, if I am not mistaken. Is too far fetched to say BOE or apple might take over QMC to ensure a steady supply of Quantum dots? Just a thought ...
The quickest exit strategy for all shareholders is to have QMC taken over by a "giant" whether that be Apple, Google, Intel, etc ...
QD Price Tag
I am sorry, but I might be missing something. I didn't actually see how much these dots cost?
This might be me being biased, but I honestly think that the dots that were on display at the shareholder meeting had more "luster" or greater shine to them. I don't know if that means they are automatically a higher quality than the competitions, or maybe something might have gotten lost when taking the picture, but I honestly think that QMC's dots were of a higher quality (If luster or shininess is a determinant of quality).
I cerntianly hope that it is.
BTW QD Explosion, I sent a private message & you never responded!
Andrew Robinson
I believe Andrew use to be in the Navy & was in the middle east trying to drum up business for QMC.
Webportal
The subject of a web portal didn't come up during the Q&A. I wasn't even aware that they were trying to build a web platform for retail customers.
I think that the real money lies in obtaining a contract with an Original Equipment Manufacturer (OEM). Getting a contract will make the stock "go to infinity & beyond!"
10-Q Filing
I think that they are filing an extension to "be safe rather than sorry." I am confident that they will file on or before the 15th. SS & SM were both in agreement that they wanted to file on-time. They admitted they didn't want to be delisted from the OTC.
Decommission of reactors
I decided not to pursue this avenue of questions. It's over & done with. What matters is the reactors are "back on-line" and are currently producing or soon will be producing "at capacity."
When I asked the question, it was with Freshfield in mind. It was question # 10 on my list. Steve was referring to the Freshfield deal. Maybe there maybe more than meets the eye with Freshfield.
I think most likely the "lead-time" started in January 17 when they issued the PR about GTG. I should have asked this question, but was too busy writing everything down.
Questions About The Meeting
Folks I wanted to let you know that I will be at work during the daytime, so I will not be around to answer any follow up questions till I return home.
I have another investor meeting to head to (not QTMM) in the evening, so I won't be returning home till ~7:00 P.M. Please keep this in mind when posting your questions, if you have any follow up questions.