Quantum Materials Corp. (fka QTMM)

[Kurt_Banoffee]

A LOC can have whatever language the beneficiary will agree to. It's entirely possible that QMC agreed to language that lets Amtron withhold payment until certain technology development milestones are hit.

Just like funding the construction, why would Amtron step in and write checks they don't have to write until they see the technology demonstrated?

We know QMC got $500K. Maybe that's enough to demonstrate commercial volumes of QD production. Maybe that has to be done before they get more. Maybe once they get more, they have to demonstrate R2R solar before construction funds start to flow. We don't know anything to the contrary to be true. Why else might there be no signs of construction yet?