The QD's might just be colloidal gold particles which are spelled out in the respective EUA's. Maybe I am wrong but I'm assuming gold nanoparticles are commodities and not terribly high tech or QMC would have problems with composition of matter patents. Assuming the tests currently approved are Xiamen's, they obviously have access to them in China. Of course the new distribution agreement may add QMC to that supplier list, too.
I don't know about that speculation regarding financial engineering and future corporate structure. On the other hand, I definitely expect Squires to get protected by stock awards as Pasaca dilutes the crap out of the individual investors shares. Then again, he might just take a golden parachute. I think it is ridiculously naïve to think Pasaca (or even Squires at this point) think of shareholders as anything more than an unfortunate burden that must be dealt with.