(Total Views: 582)
Posted On: 11/15/2017 5:53:50 AM
Post# of 22463
The delay in the company's 10K Annual Report is due to accounting issue. Because Quarterly Report requires less disclosure and are unaudited, the 10Q Q3 (fiscal Q1) Report should not be delayed too long.
Check the SEC filing website daily:
https://www.sec.gov/cgi-bin/browse-edgar?comp...getcompany
"We have continued to maintain a very lean operation and continued to focus on aggressive cost cutting measures that we implemented in January. This has allowed us to further reduce our monthly burn rate while sustaining our R&D programs. We have recently retained a consulting firm to audit the company’s legal services fees and we believe the company will be entitled to significant adjustments to these invoices. Since these account for 68% of the company’s total payables, adjustments here could represent a significant overall reduction in payables "
October 19 Shareholder Update
http://www.qmcdots.com/press/ShareholderUpdate.pdf
Check the SEC filing website daily:
https://www.sec.gov/cgi-bin/browse-edgar?comp...getcompany
"We have continued to maintain a very lean operation and continued to focus on aggressive cost cutting measures that we implemented in January. This has allowed us to further reduce our monthly burn rate while sustaining our R&D programs. We have recently retained a consulting firm to audit the company’s legal services fees and we believe the company will be entitled to significant adjustments to these invoices. Since these account for 68% of the company’s total payables, adjustments here could represent a significant overall reduction in payables "
October 19 Shareholder Update
http://www.qmcdots.com/press/ShareholderUpdate.pdf
(0)
(0)Scroll down for more posts ▼
