Quantum Biopharma Ltd (QNTM)

[StockItOut]

OK, but the point, that the text from the Quarterly that you posted doesn't show anything abnormal or show a spendown in cash reserves. In fact, what you posted shows lower expenditures, except for $450K increase to Investor Relations.

What in the Quarterly and Annual filings (since 2018, as you state) are you referencing about that shows to support where the cash was spent specific to your claim: "Here is where the money goes."?

I agree $50M to $3M+ in cash is something. By itself not a reasonable reason the stock has tanked from recent $1.35 to current $0.06.