9 months CASH used in operating activities was -$721,133.
About $250K per quarter. The company is receiving at least some cash now, so the cash situation is a little better than last year and should get better going forward. QMC has managed to adapt and run on fumes for the last few years, so I believe that the operation should improve next year. It's an IP, light asset operation which is great going forward. Very inexpensive to run but still needs to develop the positive cash flow (Sign agreements).
I think that the licensing business model could be a total success with the Qdots/Blockchain segment. And just ONE big licensee in this vertical would be the proof of concept. Then many more will follow.
I just hope someone closes a deal before the end of the year (or soon after) so I can start believing again in this company's potential.
India sounds good and looks good but there is a lot of mistrust among shareholders.
The CEO needs to regain this trust for the SP to move as it should when the next deal is signed, if and when it is signed.
We have to wait and see what happens. There will be cash next year at least to keep the company going.
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