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'They have told the market'
Told the market 17 days after the agreement, and 3 days before the first payment was due. Better to have waited, got the payment, inform the market rather than telli g the market that they may or may not get some money depending on the Venice Court.
fwiw they most likely will get the €700k at some point as both parties have agreed to it, all down to how fast the Venice Court can move.
Suthy, that is 100% true.
They will disappear for sure, then will focus in a different Company and probably with new ID
Obelix if FG does agree a deal, you will probably never hear from the trolls again. Just my thoughts .
I am very pleased to hear funds are now coming in and pretty sure a few million pounds will follow 👍
Not odd at all. They have told the market, so covering it off.
So we will hear from the negativity gang. If payment Is delayed, I can see it happening already.
Ilywelyn, can you image next week? BH on 27th - they will be crazy here for the weekend and beer on Monday... lol
''my GSA bosses told me start post with quote from other post'' (just a few select words will do they said)
Then I'm to write some BS (use AI if your stuck Brew they said)
Then they give me amazon points, and, this is the exciting bit, if I hit my target posts for the week, I get money put on my Paypal account! Happy days
Suthy, they always will be agains any person here who post something good about QBT.
Doesn't matter who or what's - it's their job and they are paid for it.
Nothing constructive or something positive - it's really impressive, as they NEVER invested, but they are always against anything.
If FG release a deal of £1bil they will say it's wrong or not worth...
Jambone - it’s good news to see the sipiem funds coming in for sure
The company needs a release on the Method B testing to really change the dial though. When FG said the last raise was for the servers and funds until revenue most people assumed that news would be close. Let’s hope that’s the case as it would be perfect timing if the company can pull it off.
I know you spoke to RKB recently, is he still confident?
Obelix- exactly . The trolls are struggling, they know funds are coming in . 👍
'money next week or no money next week? Troll Gang will say NO'
Don't believe anyone has said they definitely won't get the money. If the court requirement are satisfied then they will get the money. To claim they will 100% get the money is ignoring the part of the PRN that states the reasons why it may not happen.
Final decision and overview - money next week or no money next week?
Troll Gang will say NO
RNS stated 20 and 30 days from 29/04 (settlement)
Now it's your decision to buy more - sell everything or listen people WHO NEVER invested in QBT
SANTIAG- good to see you want in 👍. I don’t blame on
Would be nice if I can get in around 0.60
I’m not gonna bother you again
Thanks Jam.
'Is it sensitive news'
So why wait 17 days before reporting the agreement? We knew they were actively collecting the debt. Not saying there is anything untoward, just find the delay between the agreement and reporting it odd.
' they had a good cash reserve when they took the £2m'
Around 400k in Oct 2023 before the raise. Say a net 1.7m from the raise would have given them 2.1m going into Nov 2023. Cash burn of 100k a month I believe leaves them with say 1.4m. Minus 200k for their chip and the 170k for the receiver settlement leaves them with just over £1m cash plus the settlement when, if, they receive it.
Can see no reason for a raise any time soon. Even Con Kolivas said they were well funded.
Is it sensitive news, I think everybody would be up in arms if QBT suddenly mentioned that they had a first instalment of a payment with the second one to follow totalling €700,000, and nobody knew, the market will go nuts, sensitive information
So it’s a formality then Bree as we can all see.
Troll on Brew, troll on as chats would say.
'As for conditional, even the defendants are for it'
It is conditional, the PRN states that. Presumably the court has to verify the agreement to ensure both parties are agreeable to it and not doing it under duress.
If it was a done deal and payment will be made by Monday then they should have waited until the court had approved and first payment had been received before releasing news.
They had already waited 17 days since the execution of the preliminary settlement agreement before informing the market. Another couple of days would not have mattered.
Koolcat, FG said we are funded till revenue, I can’t see how we need one, even brew says it’s not needed.
The main expenditure seems to be 200k for the prototype chip, they had a good cash reserve when they took the £2m so I can’t see we need one and xoupemvyhat with FG believes we are funded until revenue and that was before court winnings so……
Passing that though a text check it comes back as a 100% AI generated article.
Paste the PRN text into GPT orsimilar, ask it to write an article on it, paste article as content into your barely visited website. It's really lazy stuff but as long as people keep reading and sharing it content creators will keep doing it. Interestingly the article has neglected to mention the possibility of the settlement agreement being voided.
Savy, it’s from the 29th April so Monday is the 20days up
BrewLaLa, give it up, your ID is Toast, trolling with multiple ID from the boiler room ticking your posts up within seconds, very sad individual indeed.
As for conditional, even the defendants are for it as they don’t want a civil criminal court case against them, it’s in everyone’s interest for it to happen, just a formality imho but you desperately need something to troll with, sad sad sad state to get into.
I haven’t been o here for a while and probably won’t for a while however looking at the charts this looks a great time to accumulate for a run up to 1.3p within a few months. That’s just an opinion based on the charts which have recently snapped the falling streak.
Good luck all