Quantum Materials Corp. (fka QTMM)

[Kurt_Banoffee]

They were never $6-9 million.

You clearly interpreted it that way. The quote was that they expect $7-10 million in revenue in 2019 for reactors, equipment, training, and other engineering services to get the units up and running with trained staff, etc.

No, your the one interperting the quote to say something it doesn't. The quote is exactly this:

On or about December 23rd 2018 the co-licensee, Assam Electronics Development Corporation LTD (an Indian government enterprise), paid the first investment of $1M USD into the overall project fund. Amtronics (co-licensee) in turn transferred a $500K USD commitment fee to the group that has secured the $20M investment funding. In terms of direct funding to QMC, on December 29, 2018 we received a letter from the managing director of the Assam Electronics Development Corporation LTD., confirming that the requisite $1M USD upfront license fee would be paid to QMC on or before January 31, 2019. Additionally, the licensee is required to place an order for two micro reactors and make an 80% deposit against same on or before mid-February 2019. We anticipate the company can generate $7M to $10M in gross revenues from these activities.

$7-10M less $1M for the upfront fee is $6-9M for the reactors. That is exactly what was said in the update.