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Morning all.
I have reinvested here after having to sell up a few weeks ago due to personal reasons. I’m now holding about a third of my original stake. Boohoo.
My main reason for this is the two NDA’s signed with large miners. There has to be something that they liked or would have walked away. Could end up in a bidding war.
Also settlement from court ruling could be announced any time soon.
Looking forward to good news.
Just my tuppance worth.
Hope to add more when I get myself sorted and hopefully before ground breaking products hit the market.
Gla.
Wouldn't really set hopes on NDAs meaning too much. QBT have announced them in the past and it didn't come to anything. It's just a way of enabling them to talk to potential partners in a protected way. Also depends who instigated them (QBT? Miners? Both?). Likely QBT requested them as they wanted to protect their ideas but since the NDAs were announced we now know that QBT were sensibly not willing to share their source code so the NDAs are likely a bit pointless now.
For an example of a previous NDA announced by QBT that came to nothing, in a Nov 2021 PRN QBT stated:
'A Non-Disclosure Agreement (“NDA”) has been signed with an international research & development organisation, which is active in the field of nanoelectronics, and which will give the Company access to one of the few 5nm semiconductor fabrication plants currently operational in the world.'
Good job you sold your shares on last spike then Brew.
No mention of lawyers sending documents and Terms, guess that doesn’t help with your position.
A reminder
The key issues have been addressed and the Company is performing intensive live mining tests 24/7 using ASIC-based Bitcoin mining devices connected to two large mining pools.
All of the large North American and Chinese Bitcoin mining and chip manufacturing companies with whom QBT has engaged, are waiting for the results of our live tests, in particular with Method A and B, using currently available commercial mining rigs…..
The next news said with confidence will be that Method B works as per FGs words at the end of the media interview. I have attached to prove up my post.
https://youtu.be/C3vmEmcBjOs?si=GGjLQqqK7I-KyWEG
'No mention of lawyers sending documents and Terms'
That is what happens when you agree an NDA. The PRN clearly states:
'The Company has entered into early-stage exploratory discussions with Bitcoin rig manufacturers and US Bitcoin mining companies. The Company believes that these discussions represent the first steps towards entering into commercial and technical negotiations.'
So QBT have not entered any commercial or technical negotiations yet and are only just taking the first steps towards doing this. When FG in his interview mentions terms he was clearly referring to the NDAs.
This is interesting from the PRN:
'the Company is performing intensive live mining tests 24/7 using ASIC-based Bitcoin mining devices connected to two large mining pools'
'All of the large North American and Chinese Bitcoin mining and chip manufacturing companies with whom QBT has engaged, are waiting for the results of our live tests, in particular with Method A and B, using currently available commercial mining rigs'
So QBT is live testing with a 'ASIC-based Bitcoin mining device'. The miners are waiting for live tests using ' currently available commercial mining rigs'.
The PRN states:
'The porting of Method A and Method B onto commercial rigs has proven to be very challenging. The R&D team is currently testing different solutions for the final stage in order to deliver a fully reliable product. An exact date for market roll-out cannot be provided at this stage.'
So they are still struggling to port the methods onto a commercial rig. The miners want to see live tests on a commercial rig. QBT have not said they are using a commercial rig for testing. Therefore the results they produce with their live testing at the minute are not what the miners are waiting for. Only once testing is done using a commercial rig will the data be worthwhile to the miners.
QBT are still way off.
The interview which superseded the PRN clearly has FG saying.
That they are in very advanced discussions
Lawyers are passing documents and terms
It has been difficult but believe the Reverse engineering is completed.
Next news is method B works which is FG words
Again I’m forced to have to link the interview to uphold my post and show who is misleading here!
https://youtu.be/C3vmEmcBjOs?si=GGjLQqqK7I-KyWEG
Couple this with items in the RNS
The key issues have been addressed and the Company is performing intensive live mining tests 24/7 using ASIC-based Bitcoin mining devices connected to two large mining pools.
All of the large North American and Chinese Bitcoin mining and chip manufacturing companies with whom QBT has engaged, are waiting for the results of our live tests, in particular with Method A and B, using currently available commercial mining rigs…..
Any Court case settlement will be going straight to Qbt's creditors. Qbt are in debt and need that money to get out of it.
AimHigher
You only have to watch FG for 2 minutes to read what he is, I've seen them so many times before.
A little research confirms.
These professional rampers on here will lose people money. People should be aware of the game here, anybody profiting on AIM took the money off another investor, they are not your friend or on the same team. I invest on AIM to take other peoples money.
This reminds of the Pharm2Farm shenanigans.
Professional rampers, I’m a LTH
Oh ghe negative agenda you guys are pushing is mental, news is coming and you only need to read my posts which are taken from the interviews and videos.
You on the other hand you guy(s) admit to trading, wanting in on news lower etc etc, total get FOMO etc, we all know what’s coming, little old QBT about to disrupt a 1.3 trillion dollar market with miners and mining rig/chip manufacturers, this will go through the roof on news.
It’s why you guy(s) are busy trying to disrupt yourself.
Come on guys, you all know you're really just as bad as each other for the insesent rubbish posted here but nothing's going to change with that so the rest of us just ignore it and get on with real life.
Anyway, I hapoen to be in Taiwan at the moment so if anyone would like me to pop in to one of the factories and pick up some silicone chips to help with the R&D just let me know.
Anyone who is invested, good Licu 🤞
Qbt live testing , if successful double figures pretty much instantly. $1.2trillion disruptive technology. Deal with miner or rig manufacturers , could see £1 per share. Risk reward for me personally is worth it .
Rampbone. You need to take a break. That's the most bizarre thing you have said yet. The idea that posters ticking up another post is market abuse is beyond laughable. Especially as you are probably the only person who even pays any attention to posts being recommended.
Someone ticking up a post does not mean what has been written is correct either.
When will you finally realise that nobody on this forum influences or "holds back" the SP. You would think this is the only share forum in existence the way you talk.
The SP is where it is because the company never progresses. 24 years now just talking about doing this, that and the next thing without anything of substance ever being achieved.
Of course, you will pay no attention and simply trot out the same tired old cut and paste weasel words.
Take a break and stop the obsession with this message board. Good luck anyway.
24 years about doing this, QBT has only been going for 3 lol
Anyway it’s always telling news is due as the negative crew take over, as for the tick ups, it just shows how desperate a Multi ID is to attack QBT, and if you put that effort in it shows how much they believe QBT news is coming, and soon!
GLA genuine investors, our time is coming 🚀
You were saying the exact same thing before the last disastrous news Jam, and we warned you it was coming, exact same deluded rhetoric about news must be due as there was negative posters, you're beyong ridiculous.
What disasterous news, there hasn’t been any, please stop trolling QBT and posters here, you have been doing this for 3 months, traded once and admitted to want to buy in on news, this isn’t fair on those invested already!
Next news as you know from video interviews will be the results of live testing which FG said will follow through from the original R&D which places QBT software ant 160% more probable of producing a BTC Block. Live testing is currently happening on 2 large mining pools and this will price method B up and start the QBT rerate, the news is what the large miners and chip manufacturer are waiting for, it’s all their in last RNS and Video interview.
I await the negative posts trying to bury any positive posts, very telling!
I certainly don't know that and neither do you Jam, for the last 18 months you 'knew' news of a deal coming. Please stop it's not fair on anyone looking in here for the 1st time, you're deluded, imo the next news might be another raise.
AIM. How can you possibly say that the placees are long gone, you have got no evidence for that whatsoever, for all you know, as well as investors, they may be here for the long term.
There is no need for a placing and you know it, you stick that bit of negativity at the end of your post, because that’s what you want people to remember, placings are not always bad. If it’s to help a company for the next 6 to 12 months until results, so be it, why would you worry as you’re not invested scaremongering AIM.
I’ve said it 100 times and said it before the last run. The key is breaking 1.2p and holding it. If this happens we move upwards quickly but we have had many false starts but I do believe we are very close to a breakout. Even Argo is showing similar signs of a breakout on the charts.
We all know news can help this happen quicker but equally news was responsible for the last fall.
Listening to the chat on here it’s great to see both sides of arguments for a rise or fall but in the end FG is the only one who holds all the cards. That is truly amazing the power of a company really solely depends on one person but it is that way in my opinion. I recall BHS and Arcadia were in a similar situation and that ended wrong however this is different in a game changing technological world. If QBT do manage to establish a contract things could move swiftly. After all we don’t even truly know the purpose of a Bitcoin valued so high so surely QBT can tap into it.
'the news is what the large miners and chip manufacturer are waiting for'
If you read the last PRN correctly it is clear that:
- Miners are waiting for results from live mining using a commercially available rig
- QBT are not currently live mining with a commercially available rig
- QBT stated in the PRN that are having difficulty porting their Methods to a commercial rig
Whatever testing QBT are doing at the moment is not the type of testing miners are waiting for. Proof of the above from the PRN:
'All of the large North American and Chinese Bitcoin mining and chip manufacturing companies with whom QBT has engaged, are waiting for the results of our live tests, in particular with Method A and B, using currently available commercial mining rigs'
'the Company is performing intensive live mining tests 24/7 using ASIC-based Bitcoin mining devices connected to two large mining pools.'
'The porting of Method A and Method B onto commercial rigs has proven to be very challenging. An exact date for market roll-out cannot be provided at this stage.'
Garwool, imo FG would have thought he was earning revenue by now, delays cost money, switching to method C costs money, its just my opinion mate.
The PRN has been superseded by the video interview!!
Now let’s be clear, porting issues have been down to needing to know how the Chinese chips work, in the interview which superseded the PRN FG says that he believes the reverse engineering is done, that is key to porting, as for miners it say….
The key issues have been addressed and the Company is performing intensive live mining tests 24/7 using ASIC-based Bitcoin mining devices connected to two large mining pools.
So what are ASIC based mining devices then Brew?
The next news is Method B works which is what the above is about, that will start a rerate, also don’t forget FG stated before that Intel told QBT where to put the software, it’s the Chinese rigs that have been time consulting so don’t blanket your post as it doesn’t include the Intel Blockscale chips, the Chips that Jack Dorsey bought the entire inventory of!
All of the Company’s current efforts are now focused on turning Methods A, B and C, into commercial products
Breaking 1.2p will Qbt to around 1.6/1.8p
However, live testing success or deal with miner or rig manufacturer will move this to around 5p-10p. Then once news carries will move swiftly to 10p-30p minimum. Personally I feel £500m+ is an easy minimum target market for disruptive technology, especially in a sector worth £1.2 trillion. I also agree with a poster on the ADVFN board that a takeover by a rig manufacturer is very likely if the above happens.
Or
Qbt is Arguably the most unique and exciting share on AIM. Unless you can think of another share that can disrupt a £1.2 trillion industry and is valued at a pathetic £14m. Shares like Qbt do not come around very often. Grasp it while you can . JMO GLA
'The PRN has been superseded by the video interview!!'
So PRN was released on the 13/03/2024. Interview was released on YouTube the next day. Are you saying QBT managed to move from 'early-stage exploratory discussions' to 'very advanced discussions' in that time?
'So what are ASIC based mining devices then Brew?'
Sounds like a bespoke in-house device. In the same paragraph in the PRN, QBT use the phrase 'commercial mining rigs' and then 'ASIC-based Bitcoin mining device', differentiating the two. Nowhere does QBT claim to be mining using a commercial mining rig, and they can't be as the PRN states clearly they are still having trouble porting and cannot give a date when the porting will be done.
When QBT say 'The key issues have been addressed' they are specifically referring to adding the Methods as an extension to CGMiner, not the porting.
You need to try talking to PR then Brew, the Updates can be penned a good couple of weeks before where they then have to go through the process of being checked by the all directors, legal team Nomad, who then don’t like certain words, go back be changed and the process runs again.
So yes the interview can easily supersede any PRN!
As for the ASIC devices (sounds like) you say, so you don’t know do you, yet you are keen to put a negative spin on anything and everything, so why are you here, did you not says to me that I should have sold on last rise, because it’s clear you did.
You do realise that to port you need to know where to stick the software on the chip don’t you? FG said Intel told QBT exactly where to port/place on their chip!
This is where they are “The key issues have been addressed and the Company is performing intensive live mining tests 24/7 using ASIC-based Bitcoin mining devices connected to two large mining pools”
You yourself said you expect results on this so……..
FG said next news will be confirmation that Method B works which is exactly what the ** intensive live mining tests 24/7 using ASIC-based Bitcoin mining devices connected to two large mining pools** will prove up!
News soon imho!