"I would expect QMC to show some revenues of being in the
"I would expect QMC to show some revenues of being in the black for the last Quarter."
Ramsey, I agree that there will probably be revenues reported for the last Quarter (Oct-Dec 2020) but I don't they are in the black.
QMC borrowed $3 million in short term bridge loans from Pasaca in the second half of 2020. Those bridge loans are still owed and per the agreement, QMC needs another $1.5 million bridge loan now. Why increase the total bridge loans to $4.5 million if they are operating in the black?
If incoming revenues are high enough to put them in the black, why do they need the additional $1.5 million right now, before they get the $10.5 million equity investment?
They may have revenues but not enough to cover expenses.
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