Replies to post #82973 on Quantum Materials Corp. (fka QTMM)

[Solar_Express]

There was never a licensing and development deal

Really? Do you know something we don't.

The Indians defaulted immediately.

Who is your source? Do you know Dr. Tony Balchin, CEO of Amtronics India LLC,

Do you work for the SEC? and spilling something shareholders do not know

or

Blowing big time smoke.

[Solar_Express]

If shares and deals are worthless why would S. Squires be acquiring shares?

[drugmanrx]

From that 10q referenced:

On or about December 23, 2018, Assam Electronics Development Corporation LTD (an Indian government enterprise involved in the development of the manufacturing facility in India) paid the first investment of $1M USD into the overall project fund. Amtronics then transferred a $500K USD commitment fee to the group that has secured the $20M investment funding. In terms of direct funding, the Company received a $500,000 payment from Amtron/Amtronics in March 2019. The Indian monetary system has layers of oversight and approvals for international remittance of funds which the Company believes caused the delay of the payment from the previously reported schedule. In order to avoid similar delays in the future, Amtron/Amtronics have informed the Company that they are in the process of issuing a letter of credit for the balance of funds owing for the license fee as well as equipment purchases. The Company believes that once this letter of credit is in place it will provide more timely payments going forward. In the meantime, the Company has proceeded readying the production equipment in order to maintain project momentum.