Quantum Materials Corp. (fka QTMM)

[Jamis1]

With your thinking, you basically are saying that Squires is lying. Whereas that may be true, he has no history of lying. He has missed goals, yes, but you are saying he is outright lying in the PR and that the auditor's resource constraints is not the issue.

http://www.qmcdots.com/press/press.php

Audit and Filing Update

With regard to the company’s filing status, the Company’s CFO and administrative staff continue to work diligently with its auditors to file the 10K and subsequent 10Q’s in order to restore the companies OTCQB listing status in a timely basis. As a direct result of the onerous responses to predatory lender lawsuits, the Company missed the time window the auditors had reserved to complete Quantum Materials Corp’s year-end audit and filing. This resulted in the Company’s filing falling out of sync with the auditors’ set schedule and landing in the auditors’ busiest time of year (Many companies follow a calendar-year audit schedule with December 31 being their yearend).

Mr. Squires concluded that “We’ve had some extraordinary issues this past year - in addition to the aforementioned lawsuits we changed audit firms and revamped our board of directors midway through our fiscal year. The company and its auditors are making, and will continue to make, every effort possible to complete the filings as quickly as possible. We take our obligation to timely file very seriously and are striving to return the company to full compliance without further delay.”

I don't think he's lying since he deliberately made this statement publicly. If it was otherwise, we may be held liable if it isn't the auditor and someone finds that he is simply delaying to buy time as you are stating.