Replies to post #339 on Quantum Materials Corp. (fka QTMM)

[Klem]

Been studyuing up on this one.
Let me get this straight.
This company has a new way of making solar panels
and the stuff can also be used in other electronics.
I get the lower cost, higher efficiency blah blah blah...

but-
The company has not confirmed
what the cost is
what the efficiency is
if they have a prototype
if they have a factory started in Suadi Arabia
if they have money to do all this
if they can get what they need from Rice, from the standstill thing which I don't understand but is due Dec 1,
from the Suadis, and also get back their 12 million shares
that they did not get paid for!

But the CEO suddenly pops up in magazine articles
and telling everyone that Solterra is the only way to go!
Has anyone been able to contact the company and find out anything?
I called the 604 number - which is vancuouver BC and left a message.

I'm not saying all this couldn't happen, but if something was going to happen, would think there would be more volume and price rising than there is. It could be awhile.

[ih8aloss]

Just got back from Virginia, haven’t had a connection since Sunday. Not that you guys care, I had to move my Mom into an assisted living facility, so it’s been really busy disposing of everything to down size to a 2 room facility and had no time, opportunity or means to access the internet. What happened in the 10Q? Haven’t read it yet but it looks like it wasn’t as rosie as pictured. This is what I know: According to Andrew (Investor Relations) from Phoenix Alliance they cancelled the Saudi Trip, that’s where that came from. I suspected they cancelled, since it was a presentation to venture capitalists because they already had funding pretty well lined up from the Rice presentation. Why waist money on a trip to get what you already have?
Don’t expect a return call from any one in the company. That’s just the facts, I’ve never had a call back and stopped leaving my phone number back in February. It’s not personnel it’s just how they do business at this fork in the road. I don’t agree with it and think it’s poor business but with limited resources I’d rather have them working on projects for the companies future than answering questions all the time. They would never get anything done. That was acknowledge by their CFO when I was a little upset about the 10Q being reported as a late filing and emailed Steve, lets just say it wasn’t a good job congratulations kind of letter I sent. I got an unsolicited response from the CFO and this was one of his responses after explaining the SEC ruling change in 2008 about handling debentures versus derivatives was picked up by the auditors just before filing and had to be updated to the new ruling:
I responded to him:
“Brian,
This ruling EITF 07-05 is not a new one being issued June 2008 effective starting 2009, well over a year old and since I didn't see a flurry of late filings from other companies for other reasons, saw repeat delinquent filings I concluded something other than the rosiest picture. With these issues behind the company, hopefully it's smoother sailing ahead, but it's a startup and there will always issues, it's a matter of managing them to minimize impact.
Thanks for responding, I try not to bother you guys as I know you're putting in some hellacious hours pulling this company together and if you had to answer every question you got, you would get nothing done.
Regards,
Bill “

And he responded:
“Bill

Thank you for your understanding, the sentiment you expressed regarding answering every question is rarely understood. We appreciate your comments and yes we are very eager to put this difficult start up period behind us and look forward to finally have the opportunity to exercise our business plan with adequate financing.
Kind Regards,

Brian “
This is old news now that the 10Q filing came out on time as they said it would be.

The Rice agreement was OK’d on November 5th 2009 for the transferred according to Nila in the 10K filing. It was near the very bottom and amended with ‘EXHIBIT B’ was the key wording: http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6888439-329413-336339&type=sect&TabIndex=2&companyid=758738&ppu=%252fdefault.aspx%253fcik%253d1403570

Are things moving forward? I would say yes from the stand point if it was dead in the water why would they have expended the time and money to continue with the 10 Q filing or that matter have even done the 10K? At the price of the stock currently they have nothing to gain financially of any significance. They only reap a reward from their work when their work is done and the investors start seeing positive returns in the future earning per share. This startup is still at that stage of creating and development. This never happens overnight for an outsider like Steve breaking into the startup business, particularly with shoe string funding. The fact he has progressed to this level and accomplished what he has to date is pretty significant. Since he hasn’t let any road blocks stop him to this point, I don’t see any reason he would change his current strategy in the future. I (IMO) believe there is and I do want to believe there is more to this story. If we knew what was happening we would be working for the company, and if we worked for the company we wouldn’t be able to tell. The company I’ve worked for 20 years now you would thing I could find out how the earning reports were going to look before they were made public, since it’s a publicly traded company too, Wrong, you hear about it after the fact in the press release like every one else. If you’re investing in HAGUE you’re speculating on the management delivering. From what I’ve seen to date I believe they will deliver, it may not be tomorrow but it will happen. If it didn’t happen I knew what I was getting into from the beginning being a startup. I’ll keep my hand and stay all in, too much to gain versus the loss, besides if I got out, a week later it would probably be through the roof and I would be sick to my stomach. Happened once not letting it happen again.

GLTA
I just read the 10Q and IMO why would they go to another finance company unless that company had the connection for the funding?
"In November 2009, the Company entered into a Consulting Agreement with Steven Posner and Oceanus Capital LLC pursuant to which the Company agreed to issue an aggregate of 3,000,000 restricted shares in exchange for certain introductions made by them to the Company and various other related services."

This Sound Capital may be the advertising to get the Hague/Solterra names out there. I have to research what this company does best,and who they have done it for already, but that's a couple days away.
"In November 2009, the Company entered into a business development and public relation consulting contract with Sound Capital, Inc. This contract is for a period of one year and requires the Company to issue 3,000,000 restricted shares of Common Stock to the consultant upon the execution of the agreement and an additional 1,000,000 free trading shares to the consultant on or before February 12, 2010. The agreement may be terminated for cause or convenience upon 30 days prior written notice."

Happy Thanksgiving!