One would think not being current would be a deter
Post# of 22465
(Total Views: 393)
Posted On: 06/05/2021 3:08:40 PM
One would think not being current would be a deterrent to companies doing business with you, but fact is QMC has been delinquent all the time they were participating in the $4.5 Billion in sales to the UK. I have to stress that $4 5 Billion is a heck of a lot of sales/money for which a 2 cent stock company is involved! Numbers like that don't regularly come about, but here we are. It happened.
So the argument that not reporting was a problem in making sales is not true.
SEC reporting is correctable. It is necessary now to get all financials in order to get current for the SEC and Pasaca so the agreements can be completed and uplisting can happen. QMC says they're working on that. Yes, it's not fast enough for some, but as I mentioned in my last post the delay may not have been entirely QMC's fault.
Here's a hypothetical to ponder. If QMCH licensed it's App and anticounterfeiting for royalties, typically there is a set time, such as annually, for accounts to be paid and settled. That could explain why QMC says it anticipates revenue this quarter. While that amount has been accruing, QMC had to borrow money for working capital. It's possible that QMC misjudged or was misled by the Auditors that their job would be done months earlier to meet deadlines.
So the argument that not reporting was a problem in making sales is not true.
SEC reporting is correctable. It is necessary now to get all financials in order to get current for the SEC and Pasaca so the agreements can be completed and uplisting can happen. QMC says they're working on that. Yes, it's not fast enough for some, but as I mentioned in my last post the delay may not have been entirely QMC's fault.
Here's a hypothetical to ponder. If QMCH licensed it's App and anticounterfeiting for royalties, typically there is a set time, such as annually, for accounts to be paid and settled. That could explain why QMC says it anticipates revenue this quarter. While that amount has been accruing, QMC had to borrow money for working capital. It's possible that QMC misjudged or was misled by the Auditors that their job would be done months earlier to meet deadlines.
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