Hi skymoon, I was surprised at your suggestion
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Posted On: 05/18/2017 9:02:17 AM
Hi skymoon,
I was surprised at your suggestion that the Quantum Material Asia JV had likely failed. Below are two quotes from the Jan 30, 2017 press release related QMA and to Mr Xiao Lui and his role as managing collaborator in the newly created government driven fund. This still appears credible and likely in a process of being realized to me. Where does your skepticism come from?
"GTG CEO & President Mr. Xiao Liu is widely regarded as an honorable financial expert by in the Chinese investment community. Mr. Liu manages over US $40 billion annually. He has partnered with Dr. Michael Nobel of the Nobel Sustainable Development Foundation to form an incubation fund for investing in next-generation technologies including life science, biomedical and advanced materials field. Most recently, Mr. Liu signed a collaboration agreement to manage a newly-created government-driven fund of US $431 million for investing into international businesses in December 2016."
and:
“We are pleased to report that we have secured the funds necessary to move forward with building both QMA production facilities,” said GTG CEO and President Mr. Xiao Liu. “Upon completion we expect rapid growth of QMA as we bring production online to meet both current demand for quantum dots from display manufacturers as well as demand in emerging applications such as solar power generation.”
I was surprised at your suggestion that the Quantum Material Asia JV had likely failed. Below are two quotes from the Jan 30, 2017 press release related QMA and to Mr Xiao Lui and his role as managing collaborator in the newly created government driven fund. This still appears credible and likely in a process of being realized to me. Where does your skepticism come from?
"GTG CEO & President Mr. Xiao Liu is widely regarded as an honorable financial expert by in the Chinese investment community. Mr. Liu manages over US $40 billion annually. He has partnered with Dr. Michael Nobel of the Nobel Sustainable Development Foundation to form an incubation fund for investing in next-generation technologies including life science, biomedical and advanced materials field. Most recently, Mr. Liu signed a collaboration agreement to manage a newly-created government-driven fund of US $431 million for investing into international businesses in December 2016."
and:
“We are pleased to report that we have secured the funds necessary to move forward with building both QMA production facilities,” said GTG CEO and President Mr. Xiao Liu. “Upon completion we expect rapid growth of QMA as we bring production online to meet both current demand for quantum dots from display manufacturers as well as demand in emerging applications such as solar power generation.”
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