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crunch55

06/23/14 6:19 PM

#25832 RE: Duke2010 #25831

I don't believe the company is going to 8 k every time they have a sale...especialy not for 20 grams. A larger order for KGs with a named customer maybe. . all in good time :)

TedJ

06/23/14 9:50 PM

#25833 RE: Duke2010 #25831

Selling a few grams of QDs is not a material event but in my opinion, is an event in ordinary course of business. QMC is in the business of making and selling QDs. From SEC website: http://www.sec.gov/investor/pubs/readan8k.pdf

Highlights of Disclosure Items in Form 8-K

Item 1.01 – Entry into a Material Definitive Agreement

This item requires disclosure of certain material
agreements not made in the ordinary course of
business
, or material amendments to those agreements.
For example, if a company takes out a five-year loan
with a bank or signs a long-term lease, and the loan or
lease is material to the company, the agreement must
be reported here. But if a retailer already has a chain
of stores and signs a lease for one more, the new lease
generally would be in the ordinary course of business
and would not be reported here.



A few thousand dollars in revenue for QMC will just be reported in the next quarterly report, but sign a big or long term deal (millions) and that is material to investors so should end up in an 8-K.

More details on 8-K requirements:

http://www.sec.gov/answers/form8k.htm