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You and me both! ;)
Happily ever after!
Anyone having issues buying shares?
Noticed yesterday that the OTC flagged QMC with a bugle that indicates a stock promotion. I've seen no paid stock promotions in my Google searches recently. The only new item is the QMC Press Release.
Apparently now, QMC is getting flagged by the OTC for releasing us information of status of business operations and the OTC is attempting to claim it's stock promotion.
I was just curious if there were any brokers that are preventing buying right now because of this.
The OTC has not responded to my request for information on what promotion is on going.
Valid point, but know I work for a private company.
QMC has been keeping us up to date on the delays. What more do you expect from them?
Again, I’ve had $6 million held up my my client at the end of my last project. We didn’t take action even though it was clearly a contract violation. We wanted to maintain the business relationship. Squabble over lost interest isn’t the way to go, even if QMC is cash strapped right now. The long term relationship is more important than the initial contract payments.
Depends on terms of contract. The previous PR stated there was some unintended consequences of growing the project from $20-70 million. Likely there were funding issues that are delaying the payment.
QMC could go after the company for breach of contract, but you typically don't do that over small amounts that will eventually get paid when there is much more revenue potential on the line. It's a good sales strategy to maintain friendly relationships with your customers. ;)
I simply forgot to open the shareholder update and read the paragraph before. I pulled from your quote. Then the downward spiral followed. ;)
It’s all good.
Let's focus on key points (the positives):
1) Received order for reactor with $1 tied to milestone.
2) Reactors scheduled to be delivered to Amtronics on or before June 30, 2019.
3) Construction is on schedule for completion November 2019.
Thanks, Ted.
Come on! You're arguing now for the sake of arguing to win your point.
Whatever floats you boat.
I laid out the sentences and how I read them. You spin it however you want.
We interpret things based on our personal experiences. I interpreted the sentences as stand alone statements based on my professional experience managing contracts and milestone payments.
I'm done with this topic. Have a great day!
I think the value is in the technique and trade secrets or IP. They don’t have a patent on the reactor.
Read my post that I just put in to your last reply.
I would simply state here that I believe you are reading the lines together, not between the lines.
Lol!
How about we read the sentences and allow the periods to end a thought.
It was a reference to the total. Again, some of us interpreted it correctly. I can see where there may have been some confusion, but it was meant, in my opinion, to represent expected revenue in 2019 for reactors, other equipment, training of staff, and other engineering services.
They were never $6-9 million. You clearly interpreted it that way.
The quote was that they expect $7-10 million in revenue in 2019 for reactors, equipment, training, and other engineering services to get the units up and running with trained staff, etc.
The first reactor cost is on the books from years ago. I can't expect for them to be able to sell that reactor for 5 times it value. Maybe 2 times their known cost.
All I can say, is that I never once interpreted that info the same way. I saw it as 80% of the reactor cost was associated with the order/purchase of materials.
But, I can see how you interpreted it. I deal with milestones payments constantly with my suppliers and clients. An 80% cost on material order is not atypical since this is often where the largest cost of fabrication resides.
So when I saw them state 80% in your quote, I took it as one sentence, not attached to the whole amount. The sentence is specific to the reactor order, 80% of the reactor payment total. The reactor payment is broken down into 3 parts per the agreement language. Per the PR the first payment is 80% of total.
What you are you talking about? There was never 80% upfront for the $7-10 million. It was an 80% payment on the reactor order. The contract doesn't specify what percent is being paid upon order. We have to assume the value is 80% of total for item 4.2.a below.
The $7-10 million was a forecast for total revenue in 2019. They should have now received 20% of the $10 million to date per the contract and PRs.
They've now been paid $2 million (assuming second $500k was received ahead of reactor order). Things are moving along. When you're have no leverage over your client, payments don't come fast. I know from experience with my projects. The last project took 4 months for us to get final payments from them and they delayed almost every payment by 1-2 months due to various excuses. You don't ruffle feathers with your biggest client over late payments.
Quantum Materials Corp Announces $1 Million Order for Two High Volume Quantum Dot Production Systems
June 13, 2019 07:00 ET | Source: Quantum Materials Corp
San Marcos Texas, June 13, 2019 (GLOBE NEWSWIRE) -- Leading American cadmium-free quantum dot and nanomaterials manufacturer Quantum Materials Corp, (OTCQB: QTMM) announced today that it has received orders totaling $1 million for two high volume quantum dot production systems. The $1M order has been placed by Amtronics LLC and has been secured with a letter of credit issued by Assam Electronic Development Corporation Limited. The two systems are scheduled to be delivered to Amtronics LLC on or before June 30, 2019 and will be deployed at the Quantum Materials Corp’s licensee’ new Tech City site in Assam India, currently under construction with a target completion date of November 2019.
Quantum Material's is the leader in high volume, low cost, quantum dot production using its patented continuous flow process technologies. Their QDX™ dots have been engineered to provide long-term reliability making them ideally suited for solar, energy storage, lighting and display applications.
Quantum Materials Corp CEO Stephen B. Squires commented, “We are pleased to see our patented technology being deployed in India and we are working closely with our licensees to better understand the Indian market and the nuances of doing business in this rapidly developing region. In addition to our primary mission of developing infrastructure to support roll-to-roll printing of next-generation quantum dot-based thin-film solar cells, the Tech City plant will be developing technology to support commercial production of QD based films for high color gamut flat panel displays as well as QD-LED general lighting and energy storage applications.”
Commenting on the news, M.K. Yadava, CEO of Assam Electronics Development Corp, stated: "We are excited to see our vision taking shape in this exciting new venture to build next generation technology utilizing quantum dot materials. We are making excellent progress in constructing the new quantum dot facilities here at Tech City and with weather permitting, we believe the new facility will be completed according to schedule with an opening date on or about Nov 2019. The required battery of soil, pile load and water quality tests have all been completed at this time. Finish grading and secondary ground preparations for the project area have also been completed and facilities construction work will be commencing at this time."
Squires concluded that, “The Indian market for solar and high efficiency LED lighting technologies holds enormous potential. We believe our strategy to license our technologies to well positioned strategic partners with Indian government participation is a winning combination and one that we intend to continue to build on. With above-ground construction now ready to commence, we expect a steady stream of updates on this project from our partners and will be releasing additional updates on a periodic basis as the project progresses and approaches completion in the fourth quarter of this year.”
ABOUT QUANTUM MATERIALS CORP.
Quantum Materials Corp (QMC) develops and manufactures quantum dots and nanomaterials for use in display, solar energy and lighting applications through its proprietary high-volume continuous-flow production process. QMC's volume manufacturing methods enable consistent quality and scalable cost reductions to provide the foundation for technologically superior, energy efficient and environmentally sound displays, the next generation of solid-state lighting and solar photovoltaic power applications. Wholly-owned subsidiary Solterra Renewable Technologies develops sustainable quantum dot solar technology. For more information follow Quantum Materials Corp at www.QMCDOTS.com
About Amtronics India LLC
Amtronics India LLC is a joint venture between Amtronics cc of South Africa headed by Dr. George Anthony Balchin and Amtron an Indian government owned electronics technologies company headed by M.K.Yadava. Amtronics cc has expertise in infrastructure and construction management and deep operational expertise. Amtron is a Indian government owned enterprise devoted to advancing emerging electronics technologies that lead to creating new industries and employment opportunities in Assam India.
QUANTUM MATERIALS CORP CONTACTS:
Toshi Ando
Sr. Director of Business Development for Asia/Pacific
510.300.4021
toshi@qmcdots.com
INVESTOR RELATIONS:
Clay Chase
619 917-6771
cchase100@yahoo.com
MEDIA
Rich Schineller
rich@qmcdots.com
941.780.8100
http://www.globenewswire.com/news-release/2019/06/13/1868261/0/en/Quantum-Materials-Corp-Announces-1-Million-Order-for-Two-High-Volume-Quantum-Dot-Production-Systems.html
Some cool artistic use of quantum dots in collaboration with Nanosys.
https://finance.yahoo.com/news/nanosys-invites-consumers-explore-beautiful-130000014.html
The CEO can't help if the plaintiffs are pleading for the judge to not go to trial. This is their final attempt to convince the judge that it shouldn't go to a jury trial.
If you do some research on L2 and SBI, you'll see the owners/partners have been found guilty in a court of law of exhibiting predatory behaviors such as was written in the contract and claimed as default in the Kansas case.
I'm sure QMC's lawyers will argue that paying a day early or a day late when payment is due on Saturday and Sunday respectively is standard business and contract law practice.
QMC was forced to change auditors when their auditor quit. L2 and SBI, per the contract, were to be consulted if QMC wanted to change auditors. QMC didn't want to change auditors. They had to select a new one.
I'm also sure QMC's lawyers will likely use previous action and legal cases about L2 and SBIs business practices as examples for the jury.
Looks like frame was going up.
Thanks for sharing.
Ah! Thanks. Didn’t know there was a date slider. Will look at it later.
Ok. Now the tariff war has come to impact our investment.
https://www.google.com/amp/s/amp.scmp.com/business/companies/article/3013556/nanosys-california-maker-rare-earths-alternative-could-be-hit
Guess it’s time to make those qdots in China or India.
Lol!
Wow, these are finally being released without QD Vision being included as suppliers. They kept listing QD Vision for the past couple years, yet QD Vision was bought by Samsung years ago.
Agreed. Maybe some day. Hopefully sooner than later.
I doubt it means anything.
What? Link has nothing and I don’t see anything in Google search
Correct. Agreement was with QMC and Amtronics CC.
You can assume whatever you like. The fact is QMC hasn't been paid yet and there are no answers as to the business agreements between Amtronics CC and AMTRON or their other investors.
I guarantee there are business agreements between Amtronics CC and AMTRON that outline financing contributions, revenue sharing, and project schedule.
Seriously, how do you think JV's work?
I assume it's coming from both private investors of Amtronics CC and AMTRON. I assume based on my experience in doing business and managing contracts, that the two have milestones tied to each other. They both likely have to contribute a certain amount before funds can be released by Amtronics CC.
But, of course, you can continue to simply assume because it's not written in public document, that business clearly can't operate that way or you can form your opinions based on your life experience in business or others.
Your choice, but I'll rely on my years of business and contract negotiation experience and form my opinion as such. I can tell you that what is release as public documents isn't even close to all documents supporting a contract in most cases. There are many things that are considered strategic and thus proprietary that don't have to be issued to the SEC for public posting. The fact that Amtronics CC is private and has the JV with AMTRON means that we know nothing of the agreement and timeline for payments from Amtronics CC's investors or AMTRON's payments. You're arguing about something that clearly won't be public info.
I prefer jousting on the back of an ostrich! ;)
Interesting contribution on the RoHS debate from a government authority providing oversight in Sweden, https://www.kemi.se/en/about-us/our-task
https://rohs.exemptions.oeko.info/fileadmin/user_upload/RoHS_Pack_15/3rd_Consultation/contribution_SE_CA_KEMI_RoHS15_ex_2018_1_and_39a_20190513.pdf
I noted that to when the PR was released. I wonder why show something different, unless they couldn't show the final product or they didn't want to give away the profile of the qdots to competitors?
Of course, there could be a several other reasons, but it's and interesting observation.
I was just going to post the same thing. No clue as to what this is. Never seen level 2 with no bids/ask that are close in value.
Looks like OTC may be down. I looked a couple other quotes and they all seem to dated to before 9 am for bid/ask data.