Quantum Materials Corp. (fka QTMM)

[Kurt_Banoffee]

Yet again, you're conflating and confusing unrelated things. An audit is part of a 10-K, however it's not the 10-K, and Q's aren't audited, only reviewed. In neither case is your comment about what's on the top of a Q/K relevant to the audit. That has absolutely nothing to do with GAAP. Audits are GAAP. Filings are REG SX/SK.

QMC was revoked by the SEC for (i) not maintaining their good standing in NV and (ii) for not filing their required filings - they were NOT revoked because they didn't have an audit. You're confusing/conflating again. An audit may be required for a 10-K, but a 10-K isn't required for an audit.

This is another important distinction: default is not dissolved. Being in default wouldn't stop an auditor from verifying the A/S - for one thing a company can't legally change its articles of incorporation, and thus the A/S, when it's in default, so it would have to be whatever it was when they were last not in default, and NV doesn't even keep track of the O/S, so don't try blaming it on that either

A company doesn't vanish because it's in default. Obviously, a company doesn't actually stop doing business because it's in default. What happens is it loses the right to some corporate protections and the right to do things like file a lawsuit. A company in state default can get an audit opinion. Like I've explained several times, it's a disclosure item not a financial item.

FACTS MATTER