Quantum Materials Corp. (fka QTMM)

[Kurt_Banoffee]

If QTMM decides to move up to the Nasdaq or NYSE, a reverse seems like a foregone conclusion. Notwithstanding, if QTMM technology is as advertised, once they have contracts and revenue, you have to stop thinking of it as an OTC company. It's a very different dynamic. A reverse at that point most likely will not crash shareholder value.

The 10M options, on the other hand, sure smells a LOT like a sale in the works. If not, I'd love to know what the board was thinking. The $90M sale price seems kind of random, no? It makes me think of Silence of the Lambs:

Is this Lecter's handwriting? "Clarice, doesn't this random scattering of sites seem desperately random - like the elaborations of a bad liar? Ta, Hannibal Lecter."

"Desperately random." What does he mean?

Not random at all, maybe. Like there's some pattern here...?

So, why set it at $90M if not for a specific reason? If you believe the story you've been telling your investors, why not set the vesting at $250M or $500M? Instead you set it at a price that is LOWER than some people have paid for the stock this year (fully diluted)??? Is there ANYONE who believes the QTMM story that thinks $90M is an acceptable price for the company? Art? Jamis? Anyone? Then why would the company pay the CEO $800K out of the shareholders pockets if he sells the company for $90M??? Is there anyone here who thinks that it's good corporate governance?

As for the 15M options, why vest on a $100M market cap? Is a $0.20/share price worth a $1.2M payday? The stock could get there by accident like we saw in February. Why not vest on a REVENUE target??? Or a market cap that is WAY above what is possible by accident?