Quantum Materials Corp. (fka QTMM)

[shoondale]

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...

This is the key to the whole thing. It is also important to note the pink listing. I can't see this length of time on the pink sheets as anything other than hiding developments. Complex accounting details don't take months to unravel. And if QMC had a solar cell (or anything marketable for that matter) we would've seen it at the CES and they would also be screaming it from the rooftops. I see the original Indian contract as nothing more than an intentional bait and switch. It was never in effect. This scenario makes the most sense.

I don't think this Indian scenario happens in any reasonable time frame, if ever. I also don't see QMC coming off the pink sheets any time soon.