Replies to post #72759 on Quantum Materials Corp. (fka QTMM)

[puravida19]

You are right that QMC did not need to pay high for menial tasks but a CFO with wide experience negotiating big deals for large corporations is well worth the cost.

Besides mega- large display corporations, the semiconductor and SSL mega-large corporations and nations that might want those plus solar Factories and bio- and sensors, etc., For determining and negotiating license and royalties for all these different industries, I am thankful we have an experienced negotiator on our side.

[TedJ]

"I can't imagine the work load is that great for a company with little if any revenue."

Revenues do not increase the CFO work load, it simplifies it. Cash comes in, bills get paid, reports and filings get generated. Maybe raising some capital for future projects, but much easier with revenues coming in.

Think about the financial work load at QMC over the last year.

$3.5 million in notes that were coming due, several of which had to be renegotiated every month. Plus looking for new sources of money to pay for interest and operations. Paying legal fees with limited cash and shares. Not being able to pay employees with cash, but accruing salaries and converting to shares.

Being part of the license agreement negotiations to get terms that work for the company. Then when the deal is done and decent revenues are expected near term, those revenues keep get delayed and promised in a few weeks, but not arriving. Can't pay the note due and needing to renegotiate again. More issuable shares accumulating. Who gets paid, who doesn't?

Try describing all of that in the quarterly reports.

I'll bet the CFO is not looking forward to leaving all that behind and having to deal with keeping track of sustained revenues and having balanced books. Not.