Replies to post #45082 on Quantum Materials Corp. (fka QTMM)

[Jamis1]

My interpretation is that Mr. Liu Xiao is speaking to his and his partners years of experience. It's clear that at GTG they don't have a decade of building a reputation.

[wynns01]

GREAT DD! I noticed this as well. Company established the day after the ND announcement? Sounds fishy. Also...company kept talking about how little capital is needed to scale-up, etc. compared to competitors. Seems like $20mil is quite a bit...

[Long-vestor]

"I can't seem to reconcile this: "


It's a trick on word play. "We", is not a direct reference to the current group's name, 'Guanghui Technology Group'. It's a generalized, blanket statement which is including various people who invest, are partnered or affiliated within this group.

It's not uncommon for investment partners to form an pool of people and incorporate into a separate entity.
.
Not a good idea though if they're attempting to appear bigger than they are.

"We have established our reputation as a key financial partner with the governments and industries by raising multiple billions of dollars in funding for projects driven by our customers over past decade," stated Mr. Liu Xiao, CEO of Guanghui Technology Group"

And that date it formed is also a telling event. It would have been the period which QTMM and Guanghui Technology Group concocted deals.

[jetpilot1]

20 million is not a lot and this sort of structure is normal for China wherein a mother company or a related group sets up new shells in different territories(hk vs China)for jv, for currency control & management issues, especially etc. In terms of marketing and selling also a local presence and partner will most definitely be required in asia. Don't expect this company to go capture a sizable market share in qd technology and not spend some money- 20m is respectable but small potatoes in the overall picture