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Bullboard - Stock Discussion Forum Quantum eMotion Corp V.QNC

Alternate Symbol(s):  QNCCF

Quantum eMotion Corp. is a Canada-based developer of cryptographic solutions. The Company is developing quantum random number generators (QRNG). It has launched its new QRNG2, an USB key that delivers pure entropy at 1.5 Gb/s. Its QRNG2 technology is the quantum random number generator, which is used in consumer electronics. QNG2 provides security to mobile and Internet transactions, Internet... see more

TSXV:QNC - Post Discussion

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Post by Cautus99 on Jul 08, 2020 5:49pm

News

NEWS

Montreal, Quebec - TheNewswire - July 8, 2020 - (TSXV:QNC) Quantum Numbers Corp. (the "Corporation" or "QNC"), an innovative developer of cryptographic solutions based on Quantum Random Number Generator (QRNG), announces t oday that the Board of Directors has accepted the resignation of Mr. Jean Charles Phaneuf, as President, Chief Executive Officer and Director, effective immediately.

The Board of Directors has appointed Mr. Marc Rousseau, director of the Corporation, as interim Chief Executive Officer. Mr. Rousseau will work to ensure the follow-up and continuity of the current operations and transactions.

Mr. Rousseau commented: "On behalf of the Board of Directors, I would like to show my gratitude to Jean Charles who worked tirelessly in recent years to build a strong team and advance the Corporation's projects."

Furthermore, in order to reduce expenses, the Board of Directors has decided to temporarily lay off the Chief Financial Officer, Pierre C. Miron. Mr. Miron remains as director of the Corporation and will be reinstated as soon as the financial situation will improve.

Comment by jojomarch on Jul 08, 2020 5:54pm
what happens to his options ? In the April NR " Confident deal coming in the coming months " I suddenly feel very naive.... GLTA
Comment by coniferous on Jul 08, 2020 5:56pm
Wow! I mean... wow!
Comment by Bangkokboy on Jul 08, 2020 6:03pm
Well, this is what some posters wanted, right? Either they're really conserving to wait this out, or the irons in the fire have been extinguished and they're in real trouble. Glad there was no mention of the CTO. Let's see their plan going forward.
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