Quantum Materials Corp. (fka QTMM)

[QD explosion]

Since there is clearly not enough revenue being generated it makes me curious about the whole falling out with Lincoln Park Capital. QMC could've really used that capital to advance in the efforts to have a commercial ready product. But instead Lincoln Park cancelled the LOC agreement and why QMC settled and issued 1,000,000 shares. Mostbhere claimed that was because we no longer needed the capital because we likely had revenues. This 10-k filing will be interesting reading material once they finally file it.

On May 19, 2017, the Company entered into two waiver and consent agreements with Lincoln Park Capital Fund, LLC (“Lincoln Park”) whereby the parties agreed that the prior equity line of credit agreement entered into on November 8, 2016 is canceled and various covenants made with respect to a $200,000 loan were waived in connection with certain loan transactions and in consideration thereof, the Company agreed to issue 1,000,000 shares of common stock to Lincoln Park in settlement of all claims.