Quantum Materials Corp. (fka QTMM)

[BigE1960]

FYI, it does not say in the 10-K that "Pasaca will then buy shares on the open market to obtain 51% control."

It says:

At the second closing, Pasaca will purchase common stock of the Company (“Common Stock”) in an amount such that, after such purchase and the conversion of the Senior Note into the Note Shares, Pasaca will own fifty-one percent (51.0%) of the fully diluted common stock of the Company. The purchase price for the Common Stock to be sold in the second closing is $10,500,000.