Quantum International Corp. (QUAN)

[Voices of Reason]

From QUAN's latest quarterly report, here are the facts:
http://www.otcmarkets.com/financialReportViewer?symbol=QUAN&id=88099

Cash on hand = $1,915
Property and equipment = $1.57 million - this is made up almost entirely of the mothballed biodiesel plant in Poteet, Texas. The ownership of this asset has been encumbered by litigation from a number of previous deals to reportedly sell the plant. The plant would need significant work to ever run again. This plant has nothing to do with its current alleged business of being in robotics.

Net loss for the first 6 months of 2012 was $429k, primarily attributable to G&A, interest expense, and depreciation of the above asset. The company has no revenues or other assets that are capable of producing any revenues.

They have a working capital deficit of $1,362,395 at June 30, 2012.

The company has no robotic assets or inventory, nor has it indicated any plans to acquire the same.

The company has a number of toxic convertible debts that will significantly dilute the outstanding shares upon conversion.

The company still has a pending lawsuit hanging over it's head from predecessor operations.

The company makes it clear that their focus is NOT robotics stating this vision statement in their latest financials: "Quantum International Corp. hopes to develop clean energy solutions for alternative energy companies focused on energy security in America."

QUAN's sole employee, Robert Federowicz, has no experience in the field of robotics, and has a proven track record of disasterous results on his previous companies (EHSI suspended by the SEC, OBJE headed towards Grey Market, FTTN headed the same way).

"but it looks like this company was just a set up, am I correct?" - yes

"The intro box says they were set up to acquire tech, so they never had any tech of their own, right?" - correct - never had any, never will.

"Did they ever have any roboticists on staff?" - no (see above on Robert Federowicz)

"Did they ever have funding for acquisitions?" - no. see link to financials for all of the convertible debt they have - clearly, they are in no position to acquire anyone/anything.

"When will the government wake up and provide funding or clean up the market so that legitimate companies can use it to fund new industry?" - welcome to the world of penny stocks.