Quantum Materials Corp. (fka QTMM)

[quarrydawg]

Well, a $303k piece of equipment losing 25% of its value over 10 years seems high too. Lord knows an old Powermatic cabinet saw is still worth every penny ;)

Hopefully a large part of the interview tomorrow is about how they sold enough materials to deal with this from page F-6:

The Company requires immediate and substantial additional financing estimated at $3,000,000 during Q1 of fiscal 2015 to maintain and expand its development stage operations. The Company is exploring all financing options at this time, including, without limitation, the sale of equity, debt borrowing and/or the receipt of product licensing fees and royalties. We can provide no assurances that such financing will be obtained on terms satisfactory to the Company, if at all. Further, we can provide no assurances that one or more mutually acceptable licensing agreement(s) will be entered into on terms satisfactory to us, if at all.

It has been stated that they have funding available up to $650k for another microreactor on page 36 of the 10k:

The debt is secured by a security interest in certain microreactor equipment. Pursuant to the Securities Purchase Agreement, the investor has certain preferential rights to fund a second microreactor at a cost of up to $650,000. In the event of a second investment, the investor would receive warrants to purchase up to 8,125,000 shares, exercisable at $.06 per share with the second Debenture convertible at a conversion price of $.06 per share. The Agreement also provides for the investor to have the right to appoint one member to the Company’s Board of Directors in the event that any one of the aforementioned Debentures are converted into Common Stock of the Company.

Is this the large 4000kg/year unit? doesn't sound like it. Given the price of the current micro versus its capacity, I could imagine a machine capable of putting out 4000kg/year being more than double the cost of a machine that maxes out at 250kg/year.
Whatever the case I'm hoping for some great news tomorrow, my sleeping in the house may be contingent upon it...especially as I'd be adding if I could right now ;)