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Posted On: 05/30/2021 7:52:56 AM
Post# of 22462
The way I understand it, Pasaca holds $7M in secured convertible Senior Notes, and I don't see any problem with whether QMC would have any trouble paying it out if they had to.at any time. Pasaca owes QMC money, don't forget. We just don't know how much.
Hypothetically, if Pasaca calls the note and demands repayment plus whatever else they are owed, they sure better pay QMC what they owe QMC for it's part in the over $4.5 Billion in UK sales alone before attempting to squeeze QMC or they would have a heck of a shareholders lawsuit against them.
Of course, all parties have a helluva lot more to gain from completion of the agreement and working to uplist QTMM to a better exchange than anything else.
Hypothetically, if Pasaca calls the note and demands repayment plus whatever else they are owed, they sure better pay QMC what they owe QMC for it's part in the over $4.5 Billion in UK sales alone before attempting to squeeze QMC or they would have a heck of a shareholders lawsuit against them.
Of course, all parties have a helluva lot more to gain from completion of the agreement and working to uplist QTMM to a better exchange than anything else.
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