I believe that was explained in the August 2020 pr
Post# of 22453
"I wonder how we are being funded in order to have hired Podesta not to mention 30+ employees! Give us a pr Quantum. Throw us something?
[/quote]
Quote:
Under the Distribution Agreement, Pasaca guaranteed
that the Company would receive cumulative gross royalties and/or gross sales, licensing or other revenues under the Distribution
Agreement of no less than $15,000,000, over the period including 2020 and continuing until twelve months after the Company has
completed development of a functioning product integrating the QMC HealthID IP and Innova Medical Group’s products. Pasaca
has the right to extend the revenue period by up to twenty-four months upon payment of advance royalties. At the date of this report,
we have drawn $7,250,000 in advance draws, and these accrued interest at 8% until the date of conversion."