Quantum Materials Corp. (fka QTMM)

[TedJ]

"when they state “convertible debt 407 million shares” it doesn’t include Pasaca’s $7.25 million convertible notes?"

No, The $13.9 million of convertible debt (convertible into 407 million shares) includes Pasaca's $7.25 million which is convertible into 249 million shares. That is why I subtracted the 249 million shares from the fully diluted share when calculating the 49%.

The Company also has outstanding convertible debt securities in the principal amount (plus accrued interest as of June 30, 2021 our fiscal year-end) of $13,890,648, which are currently convertible into an aggregate of 407,426,390 shares of Common Stock...These outstanding convertible debt securities include $7,250,000 in principle attributable to Pasaca
Capital...