Wow!!! What a lying worthless POS!!!
Wasn’t CF3 to buy out Northbridge debt of over $800k hence why CF3 was $1.4mil? Didn’t he state specifically they were done with them?
Sugar land, Texas April 07, 2018-Quantum Medical Transport, Inc. (DRWN: OTC.PK)
Quantum Medical Transport, Inc. Shareholders Disclosure
Quantum Medical Transport, Inc. (DRWN: OTC.PK) management wanted to take this opportunity to update our shareholders regarding the status of our 3(a)10 obligations, conversions and share structure.
We currently have two outstanding 3(a)10 debt settlements with Northbridge Financial and CF3 Enterprises as disclosed on our financial reports and disclosure statements. We wanted to present to our shareholder the status of these debt settlements and how it affects the share structure in the interest of transparency.
Northbridge Financial was owed $756,000 under the 3(a)10 settlement as of 4/09/18 the balance will have decreased to $648,000 based upon pay down of the outstanding debt in the amount of $108,000. Northbridge has received a total 330,400,000 shares in conversions of the total debt owed to them, which included $40,000 of debt and settlement shares. Northbridge Financial has a leak out provision of 50 Million shares per day and is further limited by their clearing firm to trading restrictions of 3 days per week.
We have had to increase our authorized shares from 10 Billion to 20 Billion to meet with our obligations under the 3(a)10 reserve agreements with CF3 Enterprises and Northbridge. We just filed an amendment to the articles of incorporation increasing the authorized shares. Northbridge has a reserve requirement of 5 Billion shares and CF3 has a reserve requirement of 3 Billion shares.
CF3 has not conducted any recent conversions and is current not selling any shares.
We have an obligation to issue 400 Million restricted shares to a vendor for services rendered which has not been issued yet. We are currently raising capital to buy down and pay off the debt owed to our 3(a)10 debt holders, then continue our share repurchase to reduce the outstanding shares.
Our current share structure is as follows: Authorized-20,000,000,000 Outstanding- 8,376,298,915
Restricted- 5,841,642,932 Float-2,424,655,983
We have submitted request to OTC Markets to update the share structure which usually takes 48 hours. We will continue to update and inform our shareholders.
