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Long term holding is always most profitable than gambling on short term swings unless one has a trading system that can detect buy and sell signal and works under all conditions. If I traded long term in CFT I could have made a $million but in CFT, one cannot hold onto the contracts "forever" like in stock because there is margin call and the traders can be forced to sell at a loss in volatile short term swing, traders must be right in the price prediction within a certain time frame, that is why every order entry must be accompanied by a "stop loss" order to limit loss.
"Limit loss, let profit run", "Don't fight the trend, the trend is your friend" are important rules in any investment. Unfortunately many investors do the exact opposite in taking small profits in a prolonged up trend but hold onto their loss in a major down trend guessing the bottom and hope eventually price will turn around and go back up, they end up getting completely wiped out.
Agree, players in the stock market are not technical traders, they rely only on news, guessing, speculation and hunch, they buy and sell randomly and for their own reason, that is why most stock charts are erratic and unpredictable, making trading technically in stock difficult, but it works in some situations and when a constructive and bullish chart pattern is formed, you better believe something big is about to happen, for it is not a random chart formation. Traders in CFT are 100% technical traders and there is hardly any news except quarterly government reports on inventory, weather condition, supply and demand that may affect meat, grains, orange juice etc. Learning new knowledge will not hurt investors but will offer them a cutting edge and will enhance their success in investment.
Yes, QTMM is a long term investment and not for day trading, I still recommend long term hold. But technical knowledge enables one to spot buy signal and sell signal. Don't you want to buy at rock bottom and sell at the peak? I discovered QMC 2 weeks late in February, 2017 and bought some at 15.5 cents, I sold all my shares nearly right at the peak of 24.9 cents in February, 2017 and bought them at 1.9 - 2.2 cents in March. When trading becomes active with high volume, the chart pattern will become more technical and predictable for short term swings of a few cents. I have been making profit consistently in commodities future trading 100% technically, that proves charts are predictable.
No investors can be successful traders without constantly referring to charts and technical indicators but relying 100% on news. Quite often the phenomenon of "buy of speculation, sell on good news" holds. Just like an airplane pilot navigating a plane without various instruments measuring wind speed, ground speed, altitude, pitch and roll angles, fuel conditions, horizon indicator ........ but rely only on feeling, hunch and guessing will end up in crash and burn.
Charts are not just historical records, they predict the future, I have seen it a million times before.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149528397
This is it, a sharp Up Reversal in the weekly chart, "fail break" is confirmed, rocket launching next week. Charts never lie, they predict the future.
This chart is updated only after market close.
http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=QTMM&uf=0&type=2&size=2&sid=4700466&style=320&freq=2&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=8&rand=1338907045&compidx=aaaaa%3a0&ma=0&maval=9&lf=32&lf2=2&lf3=1&height=553&width=579&mocktick=1
Let's wait and see. It is absolutely true that charts are not only historical records, they do predict the future. In my experience, it happened a million times before.
Stick to your own belief. When in doubt, stay out with your "broken clock" sarcasm.
Talking to Summer worms about snow will be greeted by disbelief and ridicule because Summer worms never experience Winter, that is normal.
Yes, QMC will grow EXPONENTIALLY, it takes money to make money: 1....2....4.....8.....16....32.....64......128
That is how Intel Corp and Universal Display Corp started with nothing and grew to big companies with market capitalization of $214 billion and $8 billion respectively.
So will QMC's market cap from current $18 million to ........... $600 million at share price of $1 ........... $1.2 billion at share price of $2 ..........
After 1/2 century's accumulated inflation we can still buy a share in stocks, especially for a potential future blue chip stock for 3 cents while we can't even buy a bubble gum with it, isn't it ridiculous? Certainly no one would pay 1/2 cent for a deadwood, is QTMM a deadwood stock without a future? Why it didn't drop to sub-penny but surged to 5.5 cents?
There is something very wrong in the investment community.
That is why the bullish weekly chart looks like a time bomb ready to explode and when it happens, share price under 25 cents will be history ....... Because QMC has entered the "Revenue Phase" and will grow EXPONENTIALLY.
The door of rare opportunity that comes only once in one's life time has closed.
http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=QTMM&uf=0&type=2&size=2&sid=4700466&style=320&freq=9&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=2&rand=546250737&compidx=aaaaa%3a0&ma=0&maval=9&lf=32&lf2=1&lf3=2&height=553&width=579&mocktick=1
May be the phenomenon "calm before the storm" reappears.
The chart is testing "fail break" situation:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149508708
No doubt it will confirm "fail break" because good news will be out next week with something like this:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149507215
Probably today is the last day for ridiculous cheap price for the NEXT Universal Display Corp but QMC will emulate UDC because Quantum Dot is much more superior than OLED in Display, in Solid State LED Lighting and in Solar Energy applications.
The chart never lies, its not just a historical record, it predicts the future, I have been sending out warning last month:
For NANO, a 9-month bearish HeadShoulder pattern has formed with the Neckline at 40 GPX , the rally from 20 GPX to 50 GPX is critical, if the company is competent, share price should be surging well over 50 GPX by now. The "return move" is weak and price is not getting support. So the breakout on the upside failed and price will test the 20 GPX support. If it drops below 20 GPX, it will be head for single digit territory and continue to fade into eternity.
Nano monthly chart
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=UK%3ANANO&time=18&startdate=1%2F4%2F1999&enddate=7%2F2%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=32&lf2=0&lf3=1&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=10&x=0&y=0
It will behave just like any OTC listed stocks trending towards 0.004 cent, its game over, the dead cat will never come back alive, we all feel sympathetic for the NANO shareholders, RIP.
Extract from UDC's 2019 Q1 Financial Report
https://www.sec.gov/Archives/edgar/data/1005284/000156459019015318/oled-10q_20190331.htm
Universal Display Corporation (the Company) is a leader in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. OLEDs are thin, lightweight and power-efficient solid-state devices that emit light that can be manufactured on both flexible and rigid substrates, making them highly suitable for use in full-color displays and as lighting products. OLED displays are capturing a growing share of the display market. The Company believes this is because OLEDs offer potential advantages over competing display technologies with respect to power efficiency, contrast ratio, viewing angle, video response time, form factor and manufacturing cost. The Company also believes that OLED lighting products have the potential to replace many existing light sources in the future because of their high power efficiency, excellent color rendering index, low operating temperature and novel form factor. The Company's technology leadership and intellectual property position should enable it to share in the revenues from OLED displays and lighting products as they enter mainstream consumer and other markets.
The Company's primary business strategy is to further develop and license its proprietary OLED technologies to manufacturers of products for display applications, such as mobile phones, televisions, tablets, wearables, portable media devices, notebook computers, personal computers, and automotive applications, and specialty and general lighting products; and develop new OLED materials and sell existing and any new materials to those product manufacturers. The Company has established a significant portfolio of proprietary OLED technologies and materials, primarily through internal research and development efforts and acquisitions of patents and patent applications, as well as maintaining its relationships with world-class partners such as Princeton University (Princeton), the University of Southern California (USC), the University of Michigan (Michigan) and PPG Industries, Inc. (PPG Industries). The Company currently owns, exclusively licenses or has the sole right to sublicense more than 5,000 patents issued and pending worldwide.
The Company sells its proprietary OLED materials to customers for evaluation and use in commercial OLED products. The Company also enters into agreements with manufacturers of OLED display and lighting products under which it grants them licenses to practice under its patents and to use the Company's proprietary know-how. At the same time, the Company works with these and other companies who are evaluating the Company's OLED technologies and materials for possible use in commercial OLED display and lighting products.
2019 Q1 Financial Report (for period January 1 to March 31):
Revenue $88 million - Cost of sales 16 million = Gross Margin $72 million
Operating Income = Gross Margin $72 million + Other Income $3 million - Total Operating Expenses $38 million = $37 million
Net Income = Operating Income $37 million - Income Tax $6 million = $31 million
Share Outstanding $47 million
Quarterly Net Earning Per Share (NEPS) = $0.66
Annualized NEPS = 4 x $0.66 = $2.64
Current Share Price (June 20) = $185
Current P/E ratio: Current Share Price / Annualized NEPS = 70
https://www.nasdaq.com/symbol/oled/pe-ratio
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Our future lies in the licensing of our IP in quantum dot production as well as in the licensing in our Display Technology, following the footsteps of Universal Display Corp. But UDC's OLED cannot be used in solar energy application, so we will emulate UDC. UDC's main revenues come from royalties of its licensees , UDC's biggest licensees are in South Korea and in China.
UDC has serveral licensees in South Korea and in China, currently we have only one licensee in India.
Break down of UDC's Revenue sources:
South Korea $61 million
China $21 million
Japan $1.8 million
Other non-U.S. licensees: $0.6 million
=============================
Total Reveue from above: $85 million
U.S. licensees: $3 million
=============================
Total 2019 Q1 Revenue: $88 million
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
If we will achieve the same quarterly $31 million Net Income as UDC from royalties of our licensees, projected future share price is as follow:
QTMM Share Outstanding: 583 million
Quarterly Net Earning Per Share (NEPS) = $31 million / 583 million = $0.05
Annualized NEPS = 4 x $0.05 = $0.20
P/E ratio___Projected Share Price
==========================
10 ________$2
20 ________$4
30 ________$6
40 ________$8
50 ________$10
60 ________$12
70 ________$14
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
So with QMC's near term potential, how much investors are willing to pay for a share of QTMM now?
An out of control forest fire is ignited by a spark, the operation in the Tech City is that spark that will lead to an economic wild fire sweeping across India, then beyond.
The affluent American population is entertainment oriented, so our Display technology will sell like hot cakes if it will be favored by the majority of the American consumers. Also there is Solid State QD LED Lighting that will sell well globally for it will enhance plant and food growth in horticulture.
But the American economy is dominated by the big oil companies, that is why electric vehicles and solar panels never took off in America. So the prospect for the proliferation of QD solar panels in America is limited.
India, on the contrary, has a huge market for domestically manufactured QD solar panels due to Indian government's determination to curb imports of solar energy equipment and expensive crude oil and its social conscience in mitigating global warming/climate change. Domestic QD solar panels will also enhance life in many Indian villages which have no electricity.
Due to low income per capita, QD TV and other QD products may not sell well in India yet, but as economic growth accelerates and income per capita rises, certainly demands for those QD products will also rise.
The weekly chart is testing a break down from the Head&Shoulder pattern, if "fail break" becomes a reality, sharp price surge on the upside will follow.
This chart will be updated only after market close
http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=QTMM&uf=0&type=2&size=2&sid=4700466&style=320&freq=2&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=8&rand=1338907045&compidx=aaaaa%3a0&ma=0&maval=9&lf=32&lf2=2&lf3=1&height=553&width=579&mocktick=1
By inserting QTMM in the promotion list, QMC is being noticed by increasing number of investors day by day, in effect, OTC is promoting QTMM. After 15 days by next week when good news is out explicitly announcing revenue received, the rocket will be launched.
Stephen: "We can do nothing about the selling, investors sell because of needs or lack of patience, if they sell because of lack of confidence in the company then it means we are not doing a good job. Current share price does not reflect the true value of the company, only sustainable revenue will".
One man's trash is another man's treasure.
Press Release next week.
Expect something like this:
"We have received $500K for the second half of the licensing fee and full payment for the 2 systems of micro reactors totally $ 1.5 million. The 2 systems have been shipped out to our licensee in India. Year-To-Date revenue received is $2 million"
T MINUS .......
Case history:
2016 Q1 reported revenue of $215K from development partner sent share price surging to 20 cents
2017 January PR announced Chinese government's US$21 million investment in QMC ASIA sent share price surging to 25 cents (down trend resumed when no follow through on such investment)
2014 Q1 reported the closing of $1.05 million equity financing for the purchase of the 2 micro reactors in Star Park sent share price soaring to 45 cents.
No, Nanoco does not has continuous flow automatic QD production technology, they produce by batches, that is why their production cost is so high plus heavy overhead and high production cost for QD application products. High production cost, low sales and mounting debts are the causes of its down fall. It is a typical phenomenon for companies heading for chapter 11.
http://www.nanocotechnologies.com/what-we-do/products/cadmium-free-quantum-dots
Do they have continuous flow?
UDC is topping out with a double peak too with declining P/E ratio projection in the years ahead.
https://www.nasdaq.com/symbol/oled/pe-ratio
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=OLED&time=20&startdate=1%2F4%2F1999&enddate=7%2F2%2F2011&freq=3&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=32&lf2=1&lf3=2&type=2&style=320&size=2&x=46&y=2&timeFrameToggle=false&=false&indicatorsToggle=false&chartStyleToggle=false&state=10
QMC will be on the up elevator.
Michael Edelman licensed out production technology developed by GE/Bayer, so does Nanoco also has continuous flow production technology?
Boy, this is the most scaring chart pattern in the UK Exchange with a 9-year bearish Head&Shoulder pattern, a sharp break below the Neckline at 25 GPX will mean the end of it, no wonder top management have been dumping their shares.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=UK%3ANANO&x=68&y=11&time=20&startdate=1%2F4%2F1999&enddate=7%2F2%2F2011&freq=3&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=32&lf2=1&lf3=2&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=10
I have already answered your question here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149222943
For a projection of $1 share price, it needs a gross revenue of less than 94 million. If the P/E ration is same as UDC, $20 million will do.
QMC is a sleeping giant, investors cannot evaluate the potential of a sleeping giant with prolonged news blackout.
As the company enters the revenue phase, its image and future potential in the eyes of the financial community will change.
Rome is not built in one day, share price won't jump to $5 in one or two years. Sustainable revenue will accelerate the development of other nascent QD products and establish other licensing agreements and lead to exponential growth. That is how Intel Corp or Universal Display Corp started from nothing and achieved a market cap of $214 billion and $8 billion respectively. Depending on the speed of market penetration, $5 within 5 yeas is an absolute possibly if our Display technology will sell like hot cakes and our TV maker partner can capture only 15% of the global shipment, $5 will be within sight as I reckoned in my past posting.
I have seen share price of junior mining explorers surging well over $1 on spectacular mineral assays while those companies have zero income.
The same phenomenon exists in the high-tech sector or in the bio-medicine sector.
For junior start up companies, its share price is a speculative play, it depends on investors' evaluation on the company's future potential based on the significance of its discovery or achievements. Only when the company has achieved sustainable revenue will its share price conform to the Price/Earning ratio law.
No need for the vexation and agony.
The law of Nature will prevail: Survival of the fittest. The unfit will be at the bottom of the food chain to nourish the financial community.
QMC has officially entered the "Revenue Phase". MM/BIG INVESTORS are waiting for the "proven revenue received" PR. and in this case also "the 2 systems have been shipped out". In the past, only news of "proven revenue received" did drive share price up significantly. There will be no exception.
Charts never lie, it has a look of a time bomb ready to explode.
http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=QTMM&uf=0&type=2&size=2&sid=4700466&style=320&freq=2&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=8&rand=1338907045&compidx=aaaaa%3a0&ma=0&maval=9&lf=32&lf2=2&lf3=1&height=553&width=579&mocktick=1
http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=QTMM&uf=0&type=2&size=2&sid=4700466&style=320&freq=2&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=9&rand=946453249&compidx=aaaaa%3a0&ma=0&maval=9&lf=32&lf2=4&lf3=2&height=553&width=579&mocktick=1
The last Great Depression was preceded by the severe stock market crash in 1922, its that time again, 2022 is 3 years away, the coming recession will not be just a "correction" because the persistent and escalating global trade war will has a grave ramification for the global economy and will lead to the next severe global economic recession that will spiral downward to another prolonged global economic depression. The mini-depression of 2009 is a harbinger or sign of things to come.
The past 100-year economic up trend and economic boom was caused by continuous progress in science and technology and fueled by continuous emergence of innovative products amid strong demands from the world's "have not". Now the world is in the state of economic and technological saturation while the world's past "have not" not only are "have" but have become sellers, competing with the biggest economy in the world whose world trade deficits have been in a perpetual rise and national debt has exceeded its Gross Domestic Product at 110% of GDP.
Nothing will go on forever, the 100-year up trend is coming to an end and a prolonged downtrend will follow. Big cycle enveloping small cycles, gigantic economic cycle enveloping small economic cycles is the law of the Universe.
Nascent innovative quantum dot application products will be the final innovative products that will drive the domestic and global economy forward before the inevitable global financial apocalypse.
If we don't achieve our financial security within 2 years we will suffer in the hell of financial hardship in the next 20 years.
The reactor is not a sale but leasing? The JV between Amtron and Amtronics LLC will never be dissolved, Amtron needs Amtronics LLC more than vise versa to create jobs, to curb import of solar energy equipment, to mitigate global warming/climate change and to realize the government's dream in the proliferation of "Made In India" products.
I am surprise the treatment QMC is getting from Amtron, Amtron should show it needs QMC desperately and should make the LOC as good as cash. May be that is the case and Stephen has already cashed in the $1.5 million else the 2 systems will not be shipped out on or before June 30.
2-INSIDE WEEK convergence signals good news will be out next week. The rocket will be launched. Invest in QTMM with certainty and confidence.
The door to the rare opportunity of this century is closing fast, share price under 25 cents will be history. So is written, so will be done.
http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=QTMM&uf=0&type=2&size=2&sid=4700466&style=320&freq=2&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=8&rand=1338907045&compidx=aaaaa%3a0&ma=0&maval=9&lf=32&lf2=2&lf3=1&height=553&width=579&mocktick=1
11 years of economic growth since the last severe recession is long over due for a correction, a recession is around the corner.
Indian economic growth has made new record high, it will continue to do so even when the world sinks into a recession and QMC will continue to strive and prosper. QTMM will shine like a bright star among the dark matter in the Universe.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Index&symb=NIFTY50&x=38&y=11&time=20&startdate=1%2F4%2F1999&enddate=7%2F2%2F2011&freq=3&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=32&lf2=4&lf3=1&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=10
MM/big investors don't like uncertainty, they are still weary if the remaining licensing fee and the payment for the reactors have been received.
The chart is technically bullish, all is needed for a lift off is the release of a PR saying "The company has received the remaining $500K licensing fee and full payment for the reactor order totally $1.5 million".
If such PR is released and share price will still be inactive at 3 cents, something is very very wrong ! Such phenomenon will not happen.
No one is holding share price down, it is a mis-conception. OTC's insertion of QTMM in the promotion list actually makes QTMM stands out among others, in effect, OTC is promoting QTMM.
Investors are still weary if the remaining $500K licensing fee and the payment for the reactor have been received, they are in the standby mode.
The chart is technically bullish, all is needed for a lift off is the release of a PR saying "The company has received the remaining $500K licensing fee and full payment for the reactor order totally $1.5 million".
Four times in history proved that only proven revenue received did drive share price up significantly including the March 19 PR announcing receiving the first half of the licensing fee that sent share price surging from 1.75 cents to 5.5 cents.
http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=QTMM&uf=0&type=2&size=2&sid=4700466&style=320&freq=2&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=9&rand=946453249&compidx=aaaaa%3a0&ma=0&maval=9&lf=32&lf2=4&lf3=2&height=553&width=579&mocktick=1
Stephen is working on Display technology, Solar technology, Solid State quantum dot LED technology and others (security ink, water purification ....). Royalties from India will not be the only income, when our technologies are fully fledged, we will go global and we will emulate Intel Corp, but most of us won't be around to see the reality. I am not expecting to see QMC with a market cap of $200 billion in my life time, but a market of $600 million in a couple of year is absolutely possible, that is, share price at around $1.
My speculation on QMC's 2019 revenue events:
2019 Q2: Revenue of $2 million from licensing fee and sales of micro reactors.
2019 Q3: Revenue of $2 million from training/consultant fees and sales of miscellaneous materials.
2019 Q4: Revenue of $4 million from training/consultant fees, milestone payment for the completion of the production plant, royalties.
Total revenue generated in 2019: $7 million to $10 million.
1) Quantum Materials Corp - Technological Progress in QD Display, QD Solar cell and Solid State QD LED Lighting.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149222906
2) Quantum Materials Corp - Emerging quantum dot application products
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149222913
3) Quantum Materials Corp - Vision for the future
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149222927
4) Quantum Materials Corp - Potential near term revenues
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149222943
5) Quantum Materials Corp - Future price chart scenario
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149222952
6) Introduction to Quantum Materials Corp
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149222967
I don't see QTMM in the stock promotion list. Why is QTMM ignored by all these stock promoters? Don't they know the astronomical future potential of QMC?
https://www.allpennystocks.com/hotpennystocks/oto.aspx
https://www.investopedia.com/updates/top-penny-stocks/
https://www.investopedia.com/investing/technology-penny-stocks/
https://stackedbid.com/top-penny-stocks-to-watch/
In the joint venture between 2 junior mining explorers, one has the mining property the other has the cash, the one with the cash is the operator.
In the joint venture between Assam Corporation and Amtronics, Amtronics has the licensing deal while Assam Corporation has the cash, Assam is the operator.
MM/investors are waiting for PR that says something like this:
"The 2 systems of reactors have been shipped out, a total of $1.5 million for the remaining $500K licensing fee and full payment for the reactors have been cashed in through the execution of the "Letter Of Credit".
T MINUS ........
Looks like an imminent explosive breakout next week from the 2-Inside-week convergence as the PR is released immediately after the shipment.
http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=QTMM&uf=0&type=2&size=2&sid=4700466&style=320&freq=2&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=9&rand=946453249&compidx=aaaaa%3a0&ma=0&maval=9&lf=32&lf2=4&lf3=2&height=553&width=579&mocktick=1
Correct, Assam Corporation issued the Letter of Credit, Assam is the buyer, not Amtronics. Amtronics is Assam's JV partner but Assam is the OPERATOR in the joint venture, if the joint venture ever dissolves, the reactors belong to Assam, not Amtronics.