You’re assuming they actually received it. They have a Nevada incorporation and address and a Texas operational address. Who’s to say it didn’t end up lost on some desk in Nevada and never made it to QMC?

My question would be “what is SEC guidance on time after sending notification before taking action?”

What I’ve typically seen in regulations is 180 days. This would be about 150 days since December and it’s before the new rules in June.

To me, the timing seems funny, but again, I haven’t dug into the SEC requirements for follow up on notices of delinquency. Maybe I’ll have some time to read some today or over the weekend.

Far as I’m concerned, it’s a huge win for QMC and us as shareholders! Nice to see closure on this.

I’m fairly certain 10Qs are not required to become compliant at this point. A 10K should suffice to cover the missed year.

Fiscal year 2021 is now and 3rd quarter ends next week.

Absolutely nothing! Lol!

Since the records are delayed a day or so, we might have to wait a couple days to know for sure. But if judge has ruled, QMC would already know results. Guess will see.

Would be funny if ruling was issued today!

I think this person is new: Human Resources Director.

https://www.linkedin.com/in/payal-patel-cipd-shrm-scp-6762782b

Nice trend from $0.08 on 2/26 to $0.15 today, 3/19.

87% gain over 4 weeks with lower daily volume than week of spike to $0.20. Maybe a bit more sustainable share price and trend.

Actually it's summed up right here for investors to read.

https://www.sec.gov/Archives/edgar/data/1403570/000149315221003266/ex99-1.htm

Your post is inaccurate in it's framing of Mr. Les Paul's departure as a director of QMC.

He felt he had a conflict of interest since he manages QMVT. He and others invested money in QMC and he was providing his input on the Pasaca purchase with respect to his and his partner's interest in agreements between QMVT and QMC.

There is no mention of QMC financial status in his letter, except he mentions a couple of deals that are ready for contract review/approval. One of those deals was just announced this week.

https://www.businesswire.com/news/home/20210317005294/en/QMC-HealthID-Partners-with-PopupRx-Deploys-HealthID-Solution-Within-Pharmacies-Across-Texas

You can all it as you see it. But I disagree with your analysis.

I see an up trend on the 1 month chart from the close of 8 cents on 2/26 to the close of 10 cents 3/12. With at least one day closing at 11 cents and several other days around 10 cents.

Then we had a 20% jump on 3/15.

Like any of us can explain why this share price climbs or drops. We’ve seen over the years that it never really goes the way we may think it will on news or lack there of.

Funny side note, my five year old is sitting at dinner with us the other night and we’re talking and he’s says something and follows it with “just saying! That’s what people say!”

Cracked me up. Kids and the way they see the world and learn can be fun to watch.

Lol! Thanks for looking them up.

Just saying we already had a trend up.

What’s an easier gamble for investors, 1000 shares for $120 or 1000 shares at $1200?

I know they people that I’ve introduced to QMC continue to watch and buy based on the continued news flow and growing customer base.

Just saying!

Besides, we can all say confidently that PopupRx is small fish compared to Pasaca and Innova with regard to revenue potential.

Have a great day!

Coincidentally this article and additional social media and media coverage ramped up prior to the increase that started on Monday.

https://m.benzinga.com/article/20171737

Of course, new investor eyes couldn’t be the cause of a price increase, it has to be leak of insider info! Not!

I’ve seen multiple minute delays before too in the past when placing a bid or ask.

Don’t know why MMs do that or if it’s just an issue with the broker’s servers or communication to the MMs.

It could be a number of reasons for the delayed posting of a bid or ask.

Lol! Missed that when reading from my phone. Oops!

I think they’ll probably chose this option which is probably why older ones a haven’t been filed yet.

https://bradshawlawgroup.com/super-10-k-multi-year-comprehensive-solution-delinquent-filers/

Thanks. Never utilized it nor noticed to my recollection.

Was looking at Edgar last night and noticed the interactive content for the 10Q and 10Ks previously filed.

Has that always been there?

I see SEC gave guidance interactive content requirements in 2019.

Agreed. The guy brings experience. Whether QMC needs to leverage that experience is another thing. Its quite likely that Pasaca will control further capital investment with QMC and not be going externally unless they need funding too in order to support the rapid growth of their various companies.

Do you know how much a company ramping up operations might need to meet customer demands for supplies? Most startup companies can’t rely on profits alone to fund expansion.

I think they were trying to emphasize growth.

I think outside of visible staffing up for operations, this is the biggest takeaway and tell of things to come:

“We are working on breakthrough technologies in the areas of COVID testing with our partners at QMC that we intend to rollout in the upcoming quarter,” said Daniel Elliott, CEO of Innova Medical Group.

https://www.businesswire.com/news/home/20210303005304/en/Quantum-Materials-Corp-Expands-Executive-Leadership-Team-To-Execute-Growth-Strategy

I think we are severely out numbered by the larger investors and Squires. Last time we did this exercise, with Squires on our side and our total we actually had majority control.

I’m less concerned about how this turns out. I may not get to cash out for dollars per share, but I think we’ll all do quite well which ever way this goes. If they move QMC products to market and far exceed the $15 million minimum revenue, we’ll all be in the $1 arena, in my opinion.

Yes, that crap happens far too often in corporations. But what’s the price tag on that? Do they give him, 2, 3, 4, 5 times?

2 times is more than they’re paying for 51%.

Valid discussion, but I don’t see them trying to grab the other 49%.

What I would do is to continue to invest in QMC’s growth (assuming multiple products are near market ready). With 51% of ownership, I’d issue preferred shares for the capital investment with those preferred shares having the rights to dividends. That way Pasaca sees their return on investment without having to sell shares. They making control of the company.

They have a lot of alternatives and likely more lucrative ones beyond trying to go private.

All validate questions and comments. But the question is whether Squires is ready to walk away at $0.20 per share. Not sure what his current count is, but I think he had over 40 million shares at one point. Does he cash out with $8 million or more and move on? Considering the years that he’s out into this business, unless he’s given up on it, $8 million isn’t much for 10 plus years of endeavor in my opinion.

But again, it’s a possibility, however as I see it, less likely.

Could they go private, of course they could. But here's a little info for other investors reading your thread and following your comments.

https://www.davispolk.com/sites/default/files/uploads/davis.polk.going.private.pdf

I'll point out these paragraphs on "Conflicts of Interest" associated with the majority owner having control to make the decision, although it applies to Delaware, there are likely similar protections in other states. Going private has it's complications.

Totally agree! With Pasaca at the helm of both companies, only makes sense to make the move.

Wonder if someone will be announced replacing him at QMC soon?

Corporate restructuring of management by Pasaca? Dr. Malan just moved over to Innova from QMC.

https://www.prnewswire.com/news-releases/innova-medical-group-announces-new-chairman-and-chief-medical-officer-301237087.html

If financials pain out ok when filed and they hit the $15 million or more in 2021, you are correct that 3.7 is too low.

I’ve been telling friends that have invested over the years that we should be between $0.20 to $0.80 right now depending on multiplier.

We’ll have to wait and see what new investors think of update financials and new press releases if any are released before the purchase.

Interesting. I wonder what the meaning of this is. Are they referring to new contracts overseas or is California doing something on their own outside of FDA approval or FDA approval is assumed imminent?

“Medical lease expands in Brea

Innova Medical Group expanded its lease into a larger building at 465-495 Berry in Brea.

Innova was recently awarded additional new contracts to process and speed-up COVID-19 testing within the state of California.”

https://www.ocregister.com/2021/02/26/real-es...in-anaheim

I’d say that wearing a mask, having lockdowns, and having to get vaccinated among other things people isn’t poplar with masses either. But, it’s all occurring.

You’re right, for once we had a positive outcome with the Pasaca news.

Lol, when does a PR ever increase share price. After the Pasaca announcement we dropped for several days before starting this rise.

Lol! I’m not calling that a coincidence. Looked very deliberate to me. Someone set a sell order at market or with a low limit like 10 cents for a couple million shares. The lack of early morning deep bid support orders set up allowed them to hit all the bids on the way down which likely triggered millions of shares with stop loss orders. Someone with standing buy orders at 10 cents and above saved it from going even lower.

I think digital health passport has implications well beyond COVID. I hate carrying the yellow immunization card with me to other countries.

The patents were collateral for the $2 million if I recall correctly.

Therefore, if QMC pays the debt, the collateral is released and I doubt even if it was taken care of already, that the paperwork had been filed to remove his name from the patents or at least not processed completely yet. It’s only been a week since we heard about his departure from the board and his issue with the purchase agreement and financing.

I understand and you are correct. If Steve already had enough votes with the larger block investors then our votes from this board are irrelevant.