Quantum Materials Corp. (fka QTMM)

[Jamis1]

They had no shares to get out. The loan was cash replacement, not shares.

They only got more shares upon default which is being argued in the court.

My opinion, which is worthless in the legal case, is that the arguments are weak on technical contract merit. I think the contract had some very gray areas with respect to clarifying requirements. Because of this the court will likely state a such and since QMC made the required cash payment with interest, the court will rule the claim as not substantiated because there was no damages incurred by SBI or L2. They claim damages, yet they received the required payment on time per contract as stated by Squires. How do you have damages on a cash transaction?