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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 offers QRNG2, an USB key that delivers pure entropy at 1.8 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 of Things (IoT) communication, machine-to- machine connections, networking equipment and cloud-based applications. The Company offers Entropy-as-a-Service (EaaS) concept where a service provider delivers on-demand entropy through a cloud network. Its random number generator (QRNG2) utilizes quantum electron tunneling to produce truly random and unpredictable numbers. By integrating QRNG2 into the QxEaaS platform, it offers a range of on-demand entropy and IT security services for authorized devices. The platform distributes cryptographically secured keys and strings.


TSXV:QNC - Post by User

Post by FarmerInvestor4on Oct 26, 2021 6:56pm
266 Views
Post# 34052595

Brief Update

Brief UpdateGot a brief update today! The company has approx $2 million cash (compared to $1.3 Million at end of June) in the bank and to date, the cash burn rate has been low. So they now have a more comfortable cash position to finance promotion and tech advancement/development. I was told that The CEO (Francis) will continue to do promotional events, and they are starting to allocate resources towards administration things & Website updates. Information could not be disclosed on some of the questions I asked due to Insider information rules... I was very quickly told "I can't answer that!" However, I was told to follow the MD & A release on SEDAR and that they (management) have been forthcoming with company info via news releases, news articles & podcasts (i.e patents, blockchain & crypto). So please re-read and re-listen to those! The new MD & A and financials for Q3 are expected to be released by the due date (Nov 30).. maybe a bit sooner. All in all I feel very comfortable with my investment here. These guys are working hard behind the scenes and the main priorities right now is both brand awareness for Quantum security solutions and continued advancement of the tech. As investors, we just have to have some patience and let the plan unfold. Take care all.

FI4
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