QuantumSphere Inc. (fka QSIM)

[scoop9]

That would fly in the face of the Note defaults.

They raise 2 of the 5 million and we're not even discussing this dilution.

Surely they would have rather raised the money through a controlled equity offering,but they were unable to.

I think e better way of phrasing that is that they may not need the $5 million anymore w/r to the note defaults.

And the $5 million figure was greater than their debt,so obviously they were attempting to raise operating capital also.

That problem still exists.


Scoop