Quantum Materials Corp. (fka QTMM)

[quarrydawg]

Again, from the horse's mouth, aka the 10k...

As of June 30, 2014, the Company lacks cash or cash equivalent assets and continues to incur losses in its development stage operations. Over the past six years, the Company relied on sales of its Common Stock to support its operations and on various universities performing work and providing U.S. licensing rights under business agreements in which the Company has at times been in arrears in payments as well as employees and consultants agreeing to defer payment of wages and fees owed to them and/or converting such wages and fees into the securities of the Company. Currently, the Company is seeking additional financing in excess of $3,000,000; however, no definitive agreements for additional financing have been received and the Company cannot provide any assurance that additional funding will be available to finance our operations on terms acceptable to us, if at all, in order to support our plan of operations. If we are unable to achieve the financing necessary to continue our plan of operations, then our stockholders may lose their entire investment in the Company. See "Notes to Financial Statements."

As we have not heard the company say otherwise, we can, reasonably, assume that the above statement remains true.