Quantum Materials Corp. (fka QTMM)

[QuantumTravesty]

By not an expert you mean you didn’t read the last 10q or you don’t understand the words they used to state there are no debentures now? And that Pasaca is owed a certain fixed number of shares and based on the current outstanding it would be 26% but if the outstanding goes higher at a future date Pasaca’s share number remains the same but the percentage owned of their fixed number of shares owed would decrease? Is that what you mean?
“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.