Nevermind the delay. It is a blip compared to the actual conditions of the company, making progress on multiple fronts and promising the 10k before deadline.
The delay in filing 10K is caused by the "predatory action" of a lender, what is that "predatory action"? Stephen should strive and find other financing source to clear any debts associated with that "predatory lender", for it is detrimental to the company's continuous operation.
QMC is dealing with public film maker partners that are involved in the Organic LED technology. Those companies have annual sales of $200 million and their stocks have P/E ratio of 100 with market cap of $6 billion. Stephen is extremely sanguine that the Quantum dot industry forecast future QD LED film sales will emulate and exceed the current sales in Organic LED films. But QMC has no control of how fast its film partners can capture the QD LED film market and generate accelerating sales. We must allow our partners to progress at their own pace and ensure no massive recall of their film products will occur as happened in the massive recall in Samsung's mobile devices, for such massive recall will be detrimental to QMC's operation. So shareholders' patience is needed. Stephen does not want to make financing with short-term investor groups as their propensity in short term profit taking will affect QTMM share price. The company is progressing steadily in improving its QC performance and is introducing variety of new QD to meet the demand from the Display industry. The share sell off in the market does not reflect lack of confidence in the company, rather, it reflects the lack of patience in short term investors. In any adversity, there is an opportunity of equal magnitude: The dismiss of short term investors will enhance stronger and higher share price for long term faithful shareholders.
Delays in the OTC happen DAILY! Its a non-event unless a Co. overshoots the 30 day grace AFTER the NT deadline, as has been posted.
The fact that they are in discussions with "Arguably the Largest Chemical Co. In the world" is a much bigger, more important takeaway than a late filing.
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