Quantum Technology Corp [QTTK] Message Board

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Microcap & Penny Stocks : Quantum Technology Corp [QTTK]

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To: Wolfgangus who wrote (91)	5/27/1999 3:32:00 PM
From: patwrk	Read Replies (1) of 137

My broker had an extensive converstion with Mr. Beck this AM. Very positive and open/informative. A new "great, great" law firm has been hired to fascilitate 'rampup'. Much effort being put into reporting work--hope to be completed in summer. A number of institutions are looking closely to see how ramp up goes (Beck says qttk will be up and running hopefully by mid July but no later than August.) A private investor who already is invested in the company has made $3,000,000 available for further development, company only has needed 1/3 of this and running a very tight ship to keep a lid on expenses and avoid dilution of very valuable shares. They also sold 100,000 shares awhile back at $2 for operating capital. Qttk has also an 800,000 loan that is completely forgivable if the share price hits $50 or more in three years. In other words, no problem with financing to move forward with business plan (a critically important positive factor IMO.) Also said a number of institutions looking very closely and waiting to see how initial ramp up in summer goes. Indicated they'd probably jump in in a big way at $10 share price. In discussion seriously with one particular institution at this time but couldn't name or give details. All-in-all I'm in long term and trying to find more cash to buy at current level. Small float and lack of investor awareness makes it difficult to peg a current price but no matter in the long run IMO. I expect summer to get VERY INTERESTING! Best to all, patwrk

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