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DDhawk

04/26/11 12:55 PM

#6222 RE: clearsudden #6221

I'd take that thinking one step farther...from what I've been able to determine, Steve has been QTMM's 'primary' financier so far. This is more than conjecture...it has been clearly pointed-out in a number of filings by virtue of his recorded 'loans' to the company for continued operations.
Don't know about you but to me, this is a clear indication of just how confident SS is in QTMM's future as well as a snapshot of his savvy on avoiding the pitfalls of cannibalistic VC funding.
All-totalled, Steve has put a great deal of 'his own' funds into this venture...pretty sweet if you can do it...he is clearly no pauper & if this performs as expected, he'll be rewarded quite handsomely....as will we all.
On a related note...it should be remembered that it wasn't just Steve buying more shares...5 or 6 other parties (pretty sure they are 'insider'...directors etc[?]) bought-up a large number of Steve's shares in a private sale (with their 'own' funds) at a preferred pps, presumably posturing themselves to get a piece of this action before launch.

Works4me !
AIMHO
GL2all