Replies to post #103044 on Quantum Materials Corp. (fka QTMM)

[Kurt_Banoffee]

What's odd is how something so simple is so hard for some people to grasp. Let me try one more time to educate you.

That's odd

First of all, the increase in the A/S happened WAY after the periods that needed to be audited or reviewed by the auditors, so as far as those opinions go, it's completely moot that the increase even happened. At most, it would be an item in the subsequent events section of a SEC filing. It probably wouldn't even be mentioned in the financial statements or F-pages which talk about the past - not the future.

As far as the increase goes, the vote was to amend the articles of incorporation to increase the A/S. It was not a vote to simply increase the A/S to happen instantly (which you can't do, you have to amend your articles).

This Consent Solicitation Statement is being furnished in connection with the solicitation of written consents of the stockholders of Quantum Materials Corp. (the “Company,” “we,” “our,” or “us”) approving and authorizing an amendment to our Articles of Incorporation to increase the number of authorized shares of common stock, par value $0.001 per share (“Common Stock”), from 750,000,000 to 2,000,000,000.

The shareholders approved and authorized an amendment to the articles increasing the A/S. That's it. That, in and of itself does not increase the A/S. The articles actually have to be amended. And the only way to do that is to file an amendment with the state where the company is incorporated.

The increase is A/S doesn't happen on the date the amendment is approved. It happens on the date the amendment is filed with the state and accepted by the state. You can't legally amend your articles if you are in default, and NV wouldn't have even accepted the filing if they were in default. If you look at the filing history in NV, you'll see they filed their annual list and got out of default on 11/1/21 and then filed the amendment on 11/2/21.

If you go back and re-read what I wrote (any you mischaracterized), I clearly said:

By definition, when a company goes into default, their AS can't change because you can't legally amend your articles of incorporation when you're in default.

I did not say it would be illegal to vote on an amendment.

Hopefully this help you understand the FACTS.

FACTS MATTER