The next 10Q. So unimportant, it's funny
I think the old regime screwed up and potentially set the company back, and Squires came back to solve a number of problems, the main one being the plan for creating preferred shares which might leave common shareholders in a bad position. If that is so, Squires saved the small investors, and is owed thanks. No doubt most of December was spent making it happen, which means other profitable activity could not get done.
All personnel decisions are always private and internal to the company. The most that is said is that the employee left "to pursue other opportunities" or "we wish him well in retirement". That's what you hear if there was a good split. If it is a bad split, nothing is said. The company adheres to, "If you can't say anything good about a person, don't say anything". Good advice for all of us. So odds are we do not hear why people left QMC. It was not a good split, IMO.
There is a possibility of more revenue last quarter than the quarter before, but it is totally irrelevant because most likely reflects small sales of QD, which is not QMC main business, and so, nothing to get excited about. QMC main business goal is incredibly large sales to very large electronics manufacturers, and that is yet to come because it would need to be reported, as it would be something that materially affects the business and the stock. They have 4 business days to report such an agreement.
So don't get upset if there is not much about the board change, some ex-employees, or revenue. It happened, its over, and what's happened since then is incredibly exciting -
Why I am excited about what's happened this current quarter -
The stock price doubled despite all of the above and is maintaining its price on a plateau. The China partner doubled down on QMA, increasing investment and facilities. How could those things happen to QMC?
The most important, longest tenured employees are still on the job and they are excellent at what they do. They produce quantum dots of the highest quality, using automated equipment, so they are also the lowest price quantum dots, and they were able to manufacture a heavy-metal free quantum dot film for CES 2017 for CES 2017 that got shown to QD Display Manufacturers.
The new management, headed by company founder Steven Squires has continued for over two years to grow Quantum Materials Asia, culminating with the January 30 2017 PR explaining the new $21.8 million investment in addition to the $14.4 million at company start in 2016 and the increase from one to two R&D And Production Centers, one near Beijing and the other in the south of China. In the GTG company section of the PR it said "GTG CEO & President Mr. Xiao Liu is widely regarded as an honorable financial expert by in the Chinese investment community. Mr. Liu manages over US $40 billion annually."
QMA is in excellent financial position to grow and QMC is due fifty percent of QMA profits.
QMC is still working with Display Manufacturers outside of China. No one wants to be left out of a potential $4 billion market in 2020. So they have or will come to QMC to talk. QMC is the only company capable of producing the quantity needed, and most importantly, with consistent quantities and a reliable supply, the two things necessary before $100s of millions are invested by a manufacturer in a production line.
So that's why I am excited by the future, and willing to discount the recent past.
The sky has not fallen, instead I look up and see a bright, sunshiny day.
The future's so bright I have to wear shades.
This is not investment advice of any sort, only my opinion, so do your own due diligence.