Quantum Materials Corp. (fka QTMM)

[BigE1960]

Doing a little reading and if I am understanding it correctly, by doing a reverse split, QMC would reduce the number of issued shares while not impacting the authorized number. By this approach, even 1:2 gives them enough for the Pasaca 51% needed. I am not sure why they would do it this way, and all signs point to the deal being on hold or dead, but it seems to be a method by which the 2B shares is sufficient.