Replies to post #103887 on Quantum Materials Corp. (fka QTMM)

[drugmanrx]

Ever since I began posting on QMC boards all I heard was how bad Squires was at running the company

Now comes this opportunity to replace him at the controls with an independent "receiver", a new captain at the wheel.

Some one who is put into place to protect ALL PARTIES,

A receivership is a court-appointed tool that can help creditors to recover funds they're owed.

It can help troubled companies to avoid bankruptcy.

The goal of a receivership is to return companies to profitability.

In a receivership, the court appoints an independent "receiver" (or trustee) to manage all aspects of a troubled company's business.

For the duration of a receivership, the company's principals remain in place (but they have little authority over the company)

https://www.investopedia.com/terms/r/receivership.asp

"THE GOAL OF A RECEIVERSHIP IS TO RETURN THE COMPANY TO PROFITABILITY". (in this case achieve profitability and that avenue was laid out in Amber's e-mail)