Quantum Materials Corp. (fka QTMM)

[BigE1960]

I am not sure how you get to- "most of the share dilution is caused by the lenders' conversion of promissory notes to common shares."

Combining the information from page 28 of the 10-k with page 33 of 10-q, the filings show the following from Aug '16 to Sep '17 the following:

28.7 million Shares issued for services
20.7 million Issuance of stock options
12.1 million Issuance of stock warrants
10.0 million Shares issued for warrants exercised
5.7 million Shares issued upon conversion of debentures
5.3 million Shares issued w/ convertible promissory note
1.3 million Shares issued in exchange of interest
1.3 million Shares issued for cash
0.5 million Shares issued as stock-based compensation