QuantumSphere Inc. (fka QSIM)

[Jeff1717]

I agree..... Regarding the other $375K owned by the majority creditor that was pulled from the agreement with Livingston, it wasn't forgiven, it was "returned to the creditor" meaning QSIM still has to deal with that.

Maybe QSIM issued the stock to Livingston in the form of warrants (?) and they are converting now but that should be shown in the 8K from a couple of days ago They only list $18k. Accurate as of the date of filing, July 17th 2019. If the debt was converted before, QSIM would have to disclose it in this 8K.

Also from the agreement... "At no time may Livingston beneficially own more than 9.99% of the Company’s outstanding stock"

This presents another problem because of the current share price. There's no way to issue the stock required and stay any where remotely under 10% ownership of outstanding shares.

It seems all percipients need to come up with another solution for the debt. Just my initial take on it. It's a head scratcher...

Keven makes his living in the investment world (or at least he used to). I believe he'll rightly go through a lot to not burn bridges. I think this has a lot to do with how this is playing out.