Quantum Materials Corp. (fka QTMM)

[shoondale]

Notice the word "believes" with QMC covering themselves when it is discovered untrue. Furthermore, common sense tells you the Indians knew about oversight and approvals prior to terms of the contract being negotiated.

No money since that 1/2 mil has changed hands. Common sense should now allow you to ask why the company has gone dark and not filed with the SEC?

If you think Squires has an honest bone in his body, look at his claims of rec2020 and what has transpired there. Just a tiny bit of common sense should allow you to see through the pink listing. The 1/2 mil could be a payment to allow the Indians out of the L & D deal. Squires can hide this because the company is dark. He can let you assume the Indians are intending on paying more in a future that never arrive while shareholders fund any activity as they did with the reactors.

When do you think you will ever see a penny beyond the 1/2 mil?

From that 10q referenced:

Quote:On or about December 23, 2018, Assam Electronics Development Corporation LTD (an Indian government enterprise involved in the development of the manufacturing facility in India) paid the first investment of $1M USD into the overall project fund. Amtronics then transferred a $500K USD commitment fee to the group that has secured the $20M investment funding. In terms of direct funding, the Company received a $500,000 payment from Amtron/Amtronics in March 2019. The Indian monetary system has layers of oversight and approvals for international remittance of funds which the Company believes caused the delay of the payment from the previously reported schedule. In order to avoid similar delays in the future, Amtron/Amtronics have informed the Company that they are in the process of issuing a letter of credit for the balance of funds owing for the license fee as well as equipment purchases. The Company believes that once this letter of credit is in place it will provide more timely payments going forward. In the meantime, the Company has proceeded readying the production equipment in order to maintain project momentum.