Court case summary and where you can access info!
Post# of 22465
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Posted On: 02/14/2018 12:34:22 PM
Court case summary and where you can access info!
Here is a compilation of current court cases regarding L2/SBI and QMC.
1) QMC versus Empire Stock - Injunction to stop release of shares to L2/SBI (L2/SBI claim default and tried to get Empire Stock to release all associated shares per contract default clauses).
Status: Jury trial set for April 16, 2018
Use link below, select Civil cases, Enter Case number 17-2033
http://public.co.hays.tx.us/default.aspx
If link doesn't work, go to Hays County Texas court website.
2) L2/SBI versus QMC - Appeal to remove injunction (item 1)
Status: With judges for disposition of case as of 2/12/18. Awaiting decision.
Use link below and enter the following case number: 03-17-00863-CV
http://www.search.txcourts.gov/CaseSearch.asp...;amp%3bs=c
If link doesn't work, go to the website for the Texas 3rd Court of Appeals.
3) L2 versus QMC - L2 suing QMC for default of contract (claims are in the Texas appeal case (Some of my statement of facts or opinions are in parenthesis) : (a) failure by Quantum to repay principal or interest at maturity or on acceleration (Squires said he paid this on time); (b) failure by Quantum to issue shares of its common stock upon an Appellants’ exercise of a conversion right (this only occurs in default which is being argued); (c) delaying, impairing, or hindering by Quantum of Quantum’s transfer agent—Empire—in transferring shares of Quantum common stock to Appellants pursuant to a default (QMC got injunction because they do not believe they defaulted); (d) replacing Quantum’s auditor without the consent of Appellants (auditor quit, not replaced willingly); (e) restating Quantum’s financial statements in a manner that adversely affects Appellants’ rights under their respective promissory notes (yes, but reinstatement was minor, and in my opinion, did not damage L2/SBI), and (f) failing to file to register the Quantum shares from the equity purchase agreement (I couldn't find this requirement in the contract. There is a requirement to register "Puts," but QMC never exercised a "Put."
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Status: Awaiting hearing on motion by QMC to dismiss the case. Hearing set for 3/2/18.
Use link below. Select Civil. Enter "Quantum Materials" and select partial name search.
Or enter case number 17CV06093
http://www.jococourts.org/index.aspx
If link doesn't work, go to the website for Johnson County Kansas court.
4) SBI versus QMC: SBI suing QMC for default. (similar claims as L2 in Kansas case)
Status: SBI claimed default by QMC to respond to case within legal time period after being served, but in the past week a notice came in that the service was return. They must not have served QMC properly which is why there was no response within the required period.
Use link below, enter Quantum Materials Corp
https://www2.miami-dadeclerk.com/ocs/Search.aspx
Here is a compilation of current court cases regarding L2/SBI and QMC.
1) QMC versus Empire Stock - Injunction to stop release of shares to L2/SBI (L2/SBI claim default and tried to get Empire Stock to release all associated shares per contract default clauses).
Status: Jury trial set for April 16, 2018
Use link below, select Civil cases, Enter Case number 17-2033
http://public.co.hays.tx.us/default.aspx
If link doesn't work, go to Hays County Texas court website.
2) L2/SBI versus QMC - Appeal to remove injunction (item 1)
Status: With judges for disposition of case as of 2/12/18. Awaiting decision.
Use link below and enter the following case number: 03-17-00863-CV
http://www.search.txcourts.gov/CaseSearch.asp...;amp%3bs=c
If link doesn't work, go to the website for the Texas 3rd Court of Appeals.
3) L2 versus QMC - L2 suing QMC for default of contract (claims are in the Texas appeal case (Some of my statement of facts or opinions are in parenthesis) : (a) failure by Quantum to repay principal or interest at maturity or on acceleration (Squires said he paid this on time); (b) failure by Quantum to issue shares of its common stock upon an Appellants’ exercise of a conversion right (this only occurs in default which is being argued); (c) delaying, impairing, or hindering by Quantum of Quantum’s transfer agent—Empire—in transferring shares of Quantum common stock to Appellants pursuant to a default (QMC got injunction because they do not believe they defaulted); (d) replacing Quantum’s auditor without the consent of Appellants (auditor quit, not replaced willingly); (e) restating Quantum’s financial statements in a manner that adversely affects Appellants’ rights under their respective promissory notes (yes, but reinstatement was minor, and in my opinion, did not damage L2/SBI), and (f) failing to file to register the Quantum shares from the equity purchase agreement (I couldn't find this requirement in the contract. There is a requirement to register "Puts," but QMC never exercised a "Put."
. Status: Awaiting hearing on motion by QMC to dismiss the case. Hearing set for 3/2/18.
Use link below. Select Civil. Enter "Quantum Materials" and select partial name search.
Or enter case number 17CV06093
http://www.jococourts.org/index.aspx
If link doesn't work, go to the website for Johnson County Kansas court.
4) SBI versus QMC: SBI suing QMC for default. (similar claims as L2 in Kansas case)
Status: SBI claimed default by QMC to respond to case within legal time period after being served, but in the past week a notice came in that the service was return. They must not have served QMC properly which is why there was no response within the required period.
Use link below, enter Quantum Materials Corp
https://www2.miami-dadeclerk.com/ocs/Search.aspx
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