Stephen Squires:
"I receive lots of emails and phone calls from shareholders every time the share price retracts and I certainly understand that this can be concerning. In most cases we have little more insight to what is happening in the market than most of you do. There have been occasions when the company has done a financing and in the process issued shares to the investor group. Although I try at all cost to avoid these types of disinterested investors, the company has done such deals in the past. These groups never intend to be long term investors and will exit the minute they can sell their position at an acceptable return. Often disrupting the market in the process. It is easy to interpret this selling as someone with a loss of confidence when in fact it is simply business as usual for these investors.
I simply want to say sell offs happen and there is really little the company can do about it. I believe any shareholders that take the time to understand the fundamentals can easily recognize the extraordinary potential that quantum dots, nano-materials and our continuous flow process hold. 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.
As a final note, I remain committed to providing you with timely detail [/color]on these other product markets and ongoing company operations. As we develop relationships, the new market and product development information will be released in a manner that does not jeopardize our strategic positions. In closing 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. I want to thank all of you for your continued patience and support. Please do not construe lack of communication with lack of progress, it is more often the opposite case. There are in fact many exciting things I would like to be able to share now that will have to wait until they develop further and can be released with the consent of our partners.
Stephen Squires Chief Executive Officer & Chairman
October 19, 2017 Shareholder Update
http://www.qmcdots.com/press/ShareholderUpdate.pdf
Note: "This late filing enhanced the company’s ability to deal with the actions of a lender"
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