Reality check, words matter: there are no debentures, period full stop. There are convertible notes. “During the three months ended December 31, 2020, the company issued three convertible debentures for $ 3,000,000 with a one-year term at 8% annual interest which were subsequently converted into a two convertible notes payable in March 2021 for a total of $7,500,000 as part of the Pasaca Capital investment transactions.”
Fun fact: convertible notes are technically debt, and as such if held to maturity a note holder could demand payback. Look it up. Until stock is issued Pasaca owns absolutely ZERO SHARES OF QMC.
(hard to own shares that don’t exist in the treasury being as qmc has disclosed they are currently already obligated beyond the authorized. 750 million)
