From February's 10-Q:
"Dr. Michael Wong is a director of our company and is the inventor of Rice’s patent application licensed by Solterra."
"Rice is entitled to receive during the term of each License Agreement certain royalties under the License Agreement of adjusted gross sales (as defined) ranging from 2% to 4% for photovoltaic cells and 7.5% of adjusted gross sales for quantum dots sold in electronic and medical applications. Minimum royalties payable under the License Agreement include $29,450 due January 1, 2015, $217,000 due January 1, 2016, $648,750 due January 1, 2017, $2,038,500 due January 1, 2018 and $3,738,600 due January 1, 2019 and each January 1 of every year thereafter, subject to adjustments for changes in the consumer pricing index. The term of the License Agreement is to expire on the expiration date of Rice’s rights in its intellectual property and the Licensee’s rights are worldwide. Our Agreement, as amended, with Rice provides for termination of each Agreement in the event that we are determined to be insolvent as defined in the Agreements."
There are no guarantees as QTMM could easily not pay the royalty and the license would be granted to someone else, but the growth opportunity looks so gucci.
It's a gamble people, we need to start hounding the company for insight into their business plans for generating revenue through Solterra.
Motivation:Reason::Belief:Truth
