In the weekly chart, the Stochastic Indicator is s
Post# of 22456
http://stockcharts.com/h-sc/ui?s=QTMM&p=W...8776606025
Trading is very thin as investors await for the 10K Report and the 10Q Report:
QTMM BIDS and ASKS
http://www.otcmarkets.com/stock/QTMM/quote
The daily chart is converging with Relative Strength over 50%, meaning it is bullish. Such extensive convergence always means a sharp breakout is imminent, the longer the convergence lasts, the stronger and sharper will be the breakout:
QTMM daily chart
http://stockcharts.com/h-sc/ui?s=QTMM&p=D...4862084922
All these phenomena indicate something is coming up, may be the "lender drama" has ended, the financial statement is amended and the release of 10K Annual Report is imminent. Investors do not like uncertainty, once the 10K Report is out, share price will likely surge upward, especially if is accompanied by good news. If the 10K will not be out yet, may be the 10Q fiscal Q1 Report will be out, showing the company's first commercial sales revenue in September.
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Stephen: "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 "
"I realize that the late filing of our 10K may have caused some concerns. This late filing enhanced the company’s ability to deal with the actions of a lender, that in spite of being paid on time has chosen to take predatory actions. We will be filing the 10K within the allotted grace period and will make every effort to communicate more on this topic as appropriate".
"we have developed the process technology that allows us to produce these extraordinary materials in high volume and at low cost. I can assure you after 8 years of trial and error achieving this is not trivial. I absolutely believe our team is the most advanced in the entire world at developing and producing Nanomaterials using continuous flow technology. With that said I believe a properly negotiated licensing agreement with one or more display industry giants will allow us to achieve rapid market penetration with much less risk as compared to ramping production organically, developing a supply chain and going through the rigorous process of becoming an approved supplier to a large number of these mega companies".
"we have recently engaged with arguably the worlds largest multinational chemical corporation. We now have a dedicated team working around the clock to optimize our materials for their specific requirements".
" Our film partners are comprised of some of the display industry’s leading companies. The leading display industry optical film manufacturers are large multi billion dollar corporations and we have absolutely no influence on their speed to market ".
"We are now producing high performance green and red quantum dots daily and shipping samples nearly as often . We have significantly expanded the number of display industry customers that we are working with and we are producing and shipping materials for a wider variety of display integration approaches".
"Last month we launched a point of sale feature to our website where our quantum dots and a range of other Nanomaterials including plasmic nanoparticles we produce can be purchased. We believe this will allow us to expand our reach into other commercial applications that we otherwise may not be exposed to. We have also begun to generate modest revenues from the sale of our quantum dot samples to our display industry customers. All indications are that these sales volumes will continue to increase and alone have the near term potential to cover a measurable portion of our monthly burn rate. Any additional sales realized from our point of sale efforts will enhance this further. "
" I believe with absolute certainty that we will succeed in delivering our products and technologies to the commercial market . We would all like to see this achieved sooner than later and I would like to believe the majority of people that decide they can’t hold on to their shares do so as a result of need or impatience rather than a lack of confidence. If they are divesting as a lack of confidence then that means we are not doing a good job of conveying the progress and extraordinary performance that our materials and technologies can and will deliver".
" we do not believe the company’s true enterprise value is represented by the current share price. We believe once the company is finally in a position to announce its success in securing adequate funding along with news about its commercialization progress the significance of what the company has achieved will become more apparent ".
My slogan:
"QMC's Fundamentals is solid and strong, QTMM's Technicality is sound and bullish"