Ann: December 2023 Contract Note, page-71

Yes indeed, despite his protestations about lack of financial trouble at Quantum the rumour mill will continue to speculate what happened to investors on the other side of the $9.8m. The press release is a hollow explanation indeed and as usual with Besra leads to more questions than answers.

Given Quantum controls the board and that the characters involved have a public track record of misleading investors the risk to Besra shareholders is that Besra's cash will 'leak' back to Quantum via overpayment for goods and services etc. In fact you could say it's already happening given the bloated management expenses. The cash fell by 2m dollars alone in the last q, yes that maybe the pilot plant but now we are hearing more excuses relating to permitting about why the plant is delayed. Is that true or just more convenient storytelling from a board complicit in the Quantum default story?