There are a few items of note we have no choice bu

There are a few items of note we have no choice but to take at face value, and there is no reason not to.

-- Steve told us he is working to complete the S-! as quickly as possible
-- I think we can take from what Steve said that Failure to meet the SEC deadline to become current took management by surprise; there is no evidence of nefarious activity
-- Certainly it is a serious breakdown of governance and should not have happened. Delisting doesn't appear to be a good strategy if it only compounds the workload, as Critical Cat reports.
-- QTM is partnered with an entity in the business of providing bridge financing to companies with big upside prospects and potential; there is no evidence that relationship has changed, and would be a material event if it had
-- As Steve reported, he is a minority shareholder same as the rest of us; he is not going to zero this thing out.
-- We know beyond any reasonable doubt that QTM is contributing to the manufacture of products selling worldwide in the billions of units
-- Staffing is continuing to expand along with promotions of existing staff
-- There is no evidence that anyone is leaving the company.
-- Steve has managed to convince some 40 or more staff that this continues to be a viable company worth being a part of
-- Steve is continuing to push the envelope on innovation, as evidenced by the new copyright application
-- Technically it looks like we are advancing development in a number of key sectors

The new data point from Critical Cat is that the S-1 does not eliminate the need to get current on past overdue reports. This conflicts with what we were told previously that the S-1 wipes the slate clean of those past obligations. Both were reported on the basis of supposedly accurate reading of SEC requirements. I wonder how this contradiction is explained? At least that is what I thought I understood.