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shoondale

01/12/19 5:30 AM

#68550 RE: solartech #68548

The 8K for the 1 mill was already filed in November. It cited the PR as an exhibit for reporting the 1 mil immediate payment under "Financial Statements and Exhibits". By declaring it in an exhibit QMC satisfied the reporting requirements. Note the wording "filed herewith". And note the abbreviation "FD" for financial discloure.

The licensing fee is a done deal from over 50 days ago unless the other party defaulted on a signed contract or QMC perjured itself and committed fraud with no signed contract stating immediate payment. If the other party defaulted they are legally liable for the 1 mil and resulting damages.

If the first milestone was met as puravida thinks in his post yesterday, that payment has either not been made or not reported. Without seeing the wording of the contract there is no telling when the payment is due. It could be quite far off (months or even years if not specifically stated) or sooner.