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Replies to post #100132 on Quantum Materials Corp. (fka QTMM)
drugmanrx
05/09/21 8:34 AM
#100134 RE: QuantumTravesty #100132
Reality check, words matter: there are no debentures, period full stop. There are convertible notes. “During the three months ended December 31, 2020, the company issued three convertible debentures for $ 3,000,000 with a one-year term at 8% annual interest which were subsequently converted into a two convertible notes payable in March 2021 for a total of $7,500,000 as part of the Pasaca Capital investment transactions.” Fun fact: convertible notes are technically debt, and as such if held to maturity a note holder could demand payback. Look it up. Until stock is issued Pasaca owns absolutely ZERO SHARES OF QMC. ( hard to own shares that don’t exist in the treasury being as qmc has disclosed they are currently already obligated beyond the authorized. 750 million)