RE:RE:RE:RE:All in time...Small correction it I may: 6mm shares were issued to SOCPRA on Nov 24, 2016 as the upfront part of the transaction. I believe an additional 10mm shares or $1,500,000 is to be paid on or before the three year anniversary thereof. SOCPRA (Transfertech) decides which avenue to take - cash or shares. Now, I have not seen that actual agreement, but the wordings on the public docs are a bit opaque in that the wordings I have read state that QNC has simply to determine a commercial usage for the tech - it does not specify that a deal must be transacted re: 50% tech interest retractment. QNC/university has already pinpointed a commerical usage imo. Anyone have a clear picture here?
gurupitkastocks wrote: I just want to clarify a few points made on this message board...
The company "QNC" is the sole owner of the technology and owes the University of Sherbrook nothing in regards to the technology. QNC owns 100% of the technology. What the agreement states between QNC and the University of Sherbrook is an option to buy back the royalty within the first 3 years for a cash amount of $1,500,000. or for 6,000,000. shares (equal to .25 cents a share). the 3 years period will lapse on November 28th. 2019.
There is lots of time for QNC to receive the Euro patent and move forward in inking deals with tech companies before November 28th, 2019. In my previous message I mentioned that this would take around a year for the Euro patent to be granted, a PP to raise cash at a higher price, and a deal with a tech company. As I said before, "All in due time".
To clarify the length of time to get the Euro patent...there is no time limit. When you read the documents it basically states that examiner can request a longer amount of time as long as QNC and the examiner are working together to clarify the aspects of the patent.
I respect QNC management and highly respect the technological genius of Bertrand. The industry of Quantum computing is moving ahead, the industry of cyber security is moving ahead, and QNC is poised to benefit greatly in this increadibly fast emerging world.
As a side note, Boing will have a fully functioning flying car within 5 years. Roads will be seen in 3 dimensions and fully autonomous cars are just a few years away. The need for QNC's technology is extremely important and growing exponentially.
Longs are great, shorts can do whatever they want. My guess is that a year from now we will all be very happy people.