Quantum Materials Corp. (fka QTMM)

[trevorbc]

I agree, wasn't expecting anything earth shattering. Next 2 10-Q's should hopefully give us more to chew on. I'll take this as a positive, as they will need to get their filings in order before significant news. One nice piece of info looks like Rice agreement is still in order until Aug 28 2011.

In December 2010 Rice agreed to an amendment to this agreement. As of the time of this filing, Rice had agreed to a temporary stay agreement, delaying the exercise of Rice's current termination rights through and including August 28, 2011. The Company and Rice are renegotiating as of the filing date of this Form 10-Q, Rice has agreed that we are not in default under said Agreement and that Rice is working with us on a revised Agreement with new milestones for us to achieve under said agreement. See "Risk Factors."