13 May 2016quarterly activities report▼ Bad
QUANTUM MATERIALS CORP. reported quarterly revenue of $225 thousand and a net loss of $752 thousand for the period ended 2016-03-31.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
28 Apr 2016director interest notice● Neutral
QUANTUM MATERIALS CORP. PRESIDENT AND CEO Stephen Squires sold 375,000 shares at $0.04.
28 Apr 2016director interest notice● Neutral
QUANTUM MATERIALS CORP. PRESIDENT AND CEO Stephen Squires sold 772,189 shares at $0.00.
28 Apr 2016director interest notice● Neutral
QUANTUM MATERIALS CORP. PRESIDENT AND CEO Stephen Squires sold 5,000,000 shares at $0.00.
28 Apr 2016director interest notice● Neutral
QUANTUM MATERIALS CORP. PRESIDENT AND CEO Stephen Squires sold 1,392,307 shares.
13 Apr 2016securities registration● Neutral
QUANTUM MATERIALS CORP. filed notice of an exempt private placement.
1 Apr 2016material agreement● Neutral
The company and Solterra each signed further amendments to their Rice University licence agreements (dated March 15 and March 24, 2016), following the August 2013 amendments. The filing does not describe what the amendments change; the terms are only in the exhibits.
31 Mar 2016capital raising announcement● NeutralMajor
The company is running a private placement of up to 2,000 units, each a $1,000 unsecured 6% convertible note due in two years plus a five-year warrant for 4,166 shares at $0.15. The notes convert at $0.12 per share. If fully sold this is up to $2,000,000 of new debt, with potential dilution from conversion and warrants.
16 Feb 2016quarterly activities report▼ Bad
QUANTUM MATERIALS CORP. reported a quarterly net loss of $2.5 million for the period ended 2015-12-31.
9 Dec 2015financial restatement▼ BadMajor
The Audit Committee concluded on December 4, 2015 that the unaudited results for the quarters ended December 31, 2014 and March 31, 2015 should no longer be relied on because of accounting errors, mainly in debt and equity financing. The December 2014 quarter moves from a reported net loss of $1,179,640 to a net gain of $247,335, and the March 2015 quarter from a net loss of $770,261 to $1,132,669. The nine-month loss to March 31, 2015 falls to $980,183 from $2,045,539. The audited 10-K for June 30, 2015 is said to be unaffected. Management attributes the errors to the weak accounting expertise it had previously reported, and says it has since hired a full-time CFO/controller, new auditors (Weaver & Tidwell) and an independent audit committee. Restated figures will appear in the next 10-Q, and earlier reports will not be amended.
13 Nov 2015quarterly activities report▼ Bad
QUANTUM MATERIALS CORP. reported a quarterly net loss of $867 thousand for the period ended 2015-09-30.
1 Oct 2015material agreement● Neutral
This amendment to an 8-K first filed in September 2013 only corrects a typographical error in Exhibit 10.1, the Solterra licence agreement with William Marsh Rice University. The underlying 2013 amendments that cured defaults and reset milestones and minimum payments are unchanged; no new terms or figures are given.
28 Sept 2015late filing notice▼ Bad
QUANTUM MATERIALS CORP. notified the SEC that its annual report would be filed late.
18 Aug 2015substantial holder notice● Neutral
Steven Posner Irrevocable Trust reported a QUANTUM MATERIALS CORP. shareholding of 19,727,941 shares (6.60% of votes) in a periodic institutional filing.
20 May 2015quarterly activities report▼ Bad
QUANTUM MATERIALS CORP. reported a quarterly net loss of $1.1 million for the period ended 2015-03-31.
14 May 2015late filing notice▼ Bad
QUANTUM MATERIALS CORP. notified the SEC that its quarterly report would be filed late.
28 Apr 2015securities registration● Neutral
QUANTUM MATERIALS CORP. filed notice of an exempt private placement.
9 Apr 2015substantial holder notice● Neutral
Steven Posner Irrevocable Trust reported a QUANTUM MATERIALS CORP. shareholding of 22,119,284 shares (7.60% of votes) in a periodic institutional filing.
13 Feb 2015quarterly activities report● Neutral
QUANTUM MATERIALS CORP. reported a quarterly net income of $247 thousand for the period ended 2014-12-31.
23 Dec 2014substantial holder notice● Neutral
Steven Posner Irrevocable Trust reported a QUANTUM MATERIALS CORP. shareholding of 23,117,272 shares (8.70% of votes) in a periodic institutional filing.
4 Nov 2014capital raising announcement● NeutralMajor
On October 31, 2014 holders of $350,000 of debentures converted into 2,333,333 restricted shares plus two-year warrants for 2,333,333 shares at $.30. On November 3, 2014 a secured lender that loaned $500,000 in November 2008 converted at $.06 per share into 8,373,816 shares including interest. In total $850,000 of debt was removed from the balance sheet, at the cost of about 10.7 million new shares (plus warrants), diluting existing holders.
27 Oct 2014quarterly activities report▼ Bad
QUANTUM MATERIALS CORP. reported a quarterly net loss of $96 thousand for the period ended 2014-09-30.
8 July 2014capital raising announcement● NeutralMajor
On June 30, 2014 two secured debenture holders converted $1,000,000 of debentures into 16,666,667 shares and some unsecured lenders converted $200,000 into 3,666,667 shares, all at $.06 per share. Officers, directors and a consultant also swapped about $525,000 of unpaid bills for 6,575,000 shares at $.08. This cuts debt but issues about 26.9 million new shares, diluting existing holders. Attached press releases cover a 20-gram quantum dot shipment to an Asia-based company from a new automated production system and a Virginia Tech anti-counterfeiting 3D-printing technology.
15 May 2014quarterly activities report▼ Bad
QUANTUM MATERIALS CORP. reported a quarterly net loss of $979 thousand for the period ended 2014-03-31.
12 Feb 2014quarterly activities report▼ Bad
QUANTUM MATERIALS CORP. reported a quarterly net loss of $569 thousand for the period ended 2013-12-31.
18 Nov 2013quarterly activities report▼ Bad
QUANTUM MATERIALS CORP. reported a quarterly net loss of $402 thousand for the period ended 2013-09-30.
15 Nov 2013late filing notice▼ Bad
QUANTUM MATERIALS CORP. notified the SEC that its quarterly report would be filed late.
14 Nov 2013quarterly activities report▼ Bad
QUANTUM MATERIALS CORP. reported a quarterly net loss of $402 thousand for the period ended 2013-09-30.
27 Sept 2013late filing notice▼ Bad
QUANTUM MATERIALS CORP. notified the SEC that its annual report would be filed late.
19 Sept 2013material agreement● NeutralMajor
The company and its subsidiary Solterra signed amended license agreements with William Marsh Rice University to cure any defaults and reset the milestones and minimum licensing payment schedules. The filing gives no new dates or payment amounts in its text. This indicates the Rice licenses had been in default (inference from the stated aim of curing defaults), and the licenses are the core technology asset.