Replies to post #75349 on Quantum Materials Corp. (fka QTMM)

[QuantumTravesty]

How’s that tilt-up India infrastructure you predicted going?
Looks like you were kinda right as they tilt up one cmu at a time.

[BigE1960]

Of course the BOD and Sri ignored the cash levels look at how they left the company. Objectively, that defies common sense.

Making product in the reactor is the key to the companies success, you don't take offline the one piece if equipment that is the fundamental reason for future success. Like I said, the are lots of reasons why it might be offline.

Your arguement is ridiculous, same can be said for Nanoco then? Haven't they been running Runcorn 24/7 for the last few years? Where is all the sales? Which argument is ridiculous? No, I do not believe the QD production was 24/7 for Nanoco. Maybe for a finite period as they supplied product to their Chinese film customer. And of course their Apple(?) plant probably has and will probably continue to be tested for the remainder of the year.

QMC has the ability to ramp up accordingly, when India infrastructure is complete flow reactors producing qdots with all three factors in place quality/quantity/cost will result in renevues. As, I have consistently stated, after a commercial product has been developed and qualified.

We know the Indian group has reviewed the technology and have stated QMC to be a key tenant for the 12,000 square feet nanotech-focused facility is being established as the anchor project within the recently announced Electronics Manufacturing Cluster in the Guwahati Tech City.This assumes the Indian group has the capability to know whether the technology is viable. I don't know how that is possible for an entity that neither possesses technology or a product in the commercial marketplace.

[TedJ]

"Lol what? Of course the BOD and Sri ignored the cash levels look at how they left the company. "

If the Sri was ignoring the cash levels, then why did he sign a Purchase Agreement to raise up to $9.75 million in cash in early Nov. 2016?

Item 1.01 Entry into a Material Definitive Agreement

On November 8, 2016, Quantum Materials Corp. (the “Company”) signed a $9.75 million purchase agreement (the “Purchase Agreement”) with Lincoln Park Capital Fund, LLC (“Lincoln Park”), an Illinois limited liability company. The Company also entered into a registration rights agreement (the “RRA”) with Lincoln Park whereby the Company agreed to file a registration statement related to the transaction with the U.S. Securities and Exchange Commission (“SEC”) covering the shares of the Company’s common stock that may be issued to Lincoln Park under the Purchase Agreement.

After the SEC has declared effective the registration statement related to the transaction, we have the right, in our sole discretion, over a 36-month period to sell shares of common stock to Lincoln Park in amounts up to 200,000 shares per regular sale, which may be increased to up to 350,000 shares depending on certain conditions as set forth in the Purchase Agreement, up to the aggregate commitment of $9.75 million (“Regular Purchases”). In addition to Regular Purchases and subject to the terms and conditions of the Purchase Agreement, the Company in its sole discretion may direct Lincoln Park on each purchase date to make “accelerated purchases” on the following business day as provided in Purchase Agreement. The Company and Lincoln Park shall not effectuate any Regular Purchase under the Purchase Agreement on any purchase date that the closing sale price of the Company’s common stock is less than $0.12.

https://www.sec.gov/Archives/edgar/data/1403570/000149315216014713/form8-k.htm
https://www.sec.gov/Archives/edgar/data/1403570/000149315216014713/ex10-1.htm

[Kurt_Banoffee]

We know the Indian group has reviewed the technology

You don't think Dow reviewed Nanoco's technology before licensing it and building a plant? How well did that work out for them?

[TedJ]

"Making product in the reactor is the key to the companies success, you don't take offline the one piece if equipment that is the fundamental reason for future success."

For the second quarter of calendar year 2016, QMC reported they were producing QD samples with the small reactor and reported about $9000 in revenues in the 10-K. They then reported $5000 in revenue for the third quarter and then $19,500 in revenues for the fourth quarter (ending 12/31/16).

Sounds like the small reactor was up and running a good part of the year.

SAN MARCOS, Texas, Nov. 30, 2016 (GLOBE NEWSWIRE) -- Leading North American quantum dot manufacturer Quantum Materials Corp (OTCQB:QTMM) (Quantum) today announced that it is shipping high performance red and green cadmium-free quantum dot sample sets to display film manufacturers.

Uniglobe Kisco, Inc. President Kenji Shimada commented, “It’s exciting to be partnering with Quantum Materials in this revolutionary display material technology. Our own rigorous testing has shown product specifications for their cadmium-free quantum dots to be at or beyond what is currently available in the market today, and their innovative high-volume production technology gives us confidence in the company’s ability to fulfill demand as the market for quantum dot-enabled films for displays grows.”

https://www.globenewswire.com/news-release/2016/11/30/893807/0/en/Quantum-Materials-Corp-Shipping-High-Performance-Sample-Sets-Secures-up-to-9-75MM-Financing.html

No need for the large production reactor to be up and running for just making samples.

Didn't everyone believe that at that time that deals would be announced after CES? Uniglobe Kisco was on board.

From the 11-14-16 10-Q:

We expect to commence generating revenues from the production of materials at the San Marcos facility in early 2017. Such revenues are expected to be modest at first and will be dependent upon our ability to generate purchase orders from development partners.

Samples were out and they needed to close a deal and get POs before they would need to start production runs on the reactors in early 2017. So weeks if not months from starting production.

So why not shutdown the small reactor? As our reactor experts here keep claiming, you can ship one of these fully automated super reactors halfway around the world, start it up and start producing large quantities of the best QDs in the world in no time.

What's the big deal with temporarily shutting down an installed reactor, then restarting it when it is actually needed?