Quantum Materials Corp. (fka QTMM)

[Jamis1]

The patents were collateral for the $2 million if I recall correctly.

Therefore, if QMC pays the debt, the collateral is released and I doubt even if it was taken care of already, that the paperwork had been filed to remove his name from the patents or at least not processed completely yet. It’s only been a week since we heard about his departure from the board and his issue with the purchase agreement and financing.