Quantum Materials Corp. (fka QTMM)

[Austin_Investor]

Hello Everybody,

I was delighted to read the positive feedback from the shareholder meeting we had on Thursday. It was great to see other shareholders that believe in the company. I generally follow the yahoo board, but thanks to Bill he introduced me to this board. I got tired of the stock bashers on yahoo.

I am happy people found the Q&A helpful. I am relative new to the company, so I was asking those questions for my own reference. I am glad others found them useful.

A question came up about consolidation. Will QMC Asia Revenue's would be consolidated onto QTMM's books? I believe that since it's a Joint Venture and QTMM doesn't own more then 50% of the company, that Quantum Materials would not consolidate QMC Asia into Quantum's Financials.

However, that being said, information would still show up on Quantum's Income Statement & Balance Sheet. This is done VIA the Equity Method. Basically Income & Asset are pro-rated. For example, if you own 30% & your Joint Venture made $100,000 you would report $30,000.00 on the Income Statement & Balance Sheet. In Quantum's case it would be $50,000

Please see the link below for further details on the Equity Method of Accounting. There is also a U-Tube video, which demonstrates with pictures.

Link:

http://www.investopedia.com/terms/e/equitymethod.asp

The one caveat is, the type of Accounting Standards that are being used. The above is how things are reported using U.S. GAAP. For those of you who don't know there is a move to converge to International Financial Reporting Standards (IFRS). I don't know how this will affect QTMM & QMC Asia.

BTW, can somebody fill me in on the whole Posner ordeal? I have heard conflicting things. How did he get to own so many shares of the company?

Best,

Mark