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'The Company is also working on other patent applications, including an update of the ASIC UltraBoost'
'The R&D team delivered its first important accomplishment in September 2021, when the Company filed the patent application for the ASIC UltraBoost. The ASIC UltraBoost is an improvement of the Bitcoin mining process, which eliminates redundant computation of a key part of the Bitcoin mining algorithm, resulting in a faster and more efficient mining process as it reduces the number of operations across the three iterations of SHA256 by approximately 7%.'
Hmmmm it will be interesting to see what they have come up with especially with BTC miners under extreme pressure right now.
Aren't Asics 100-1000 times faster than FPGAs? If their AI approach can make them equal.... That's impressive
Steve, the R@ts was hidden there just waiting for the opportunity to come out, we will see plenty today here for sure
Yes they tend to come out the woodwork on certain days lol. I am used it now, it happens all over AIM
2 post yuri gagarin just dropped in from outer space. What's your agenda mate.
Are you sure? They just consistently making losses and printing shares (I've checked years 2021-2017).
Anyway, good luck.
May have to do a little top up i feel ....
Congrats all, despite increasing capital they just dug deeper into negative equity with this loss (in 2020 loss was a bit less, but can't say significantly).
Thank you Steve...
Minus 10 percent on google
Click on the link further down
Guys, where I can find the full RNS please
Qbt is all about the tech and that is a shed load of share options. If the tech delivers which looks promising it will blow the number out of the water. The tech is worth 100's of millions.....if Qbt delivers....
Be interesting at the bell, how does the market see it ?
Maybe another update to follow with some data if this starts to bomb.
Steve/ exactly right. That is exactly what I just said
That is fine with me
.Share based payments
On 14 April 2021, Francesco Gardin, a director, was granted options to subscribe for 100,000,000 new ordinary shares in the Company at an exercise price of 5 pence per share. The options are exercisable for the period between 6 May 2022 and 6 May 2026. Francesco Gardin was also granted options to subscribe for 100,000,000 new ordinary shares in the Company at an exercise price of 10 pence per share. The options are exercisable for the period between 6 May 2023 and 6 May 2026.
On 2 June 2021, a consultant was granted options to subscribe for 10,000,000 new ordinary shares in the Company at an exercise price of 5 pence per share. The options are exercisable for the period between 15 May 2022 and 15 August 2022.
On 27 September 2021, an employee was granted options to subscribe for 5,000,000 new ordinary shares in the Company at an exercise price of 5 pence per share. The options are exercisable for the period between 6 May 2022 and 6 May 2025. The same employee was also granted options to subscribe for 5,000,000 new ordinary shares in the Company at an exercise price of 10 pence per share. The options are exercisable for the period between 6 May 2023 and 6 May 2025. Another employee was granted options to subscribe for 5,000,000 new ordinary shares in the Company at an exercise price of 5 pence per share. The options are exercisable for the period between 6 May 2022 and 6 May 2026. The second employee was also granted options to subscribe for 5,000,000 new ordinary shares in the Company at an exercise price of 10 pence per share. The options are exercisable for the period between 6 May 2023 and 6 May 2026. A third employee was granted options to subscribe for 2,500,000 new ordinary shares in the Company at an exercise price of 5 pence per share. The options are exercisable for the period between 6 May 2022 and 6 May 2024.
On 15 December 2021, Reginald Eccles, a director, was granted options to subscribe for 5,000,000 new ordinary shares in the Company at an exercise price of 10 pence per share. The options are exercisable for the period between 1 December 2021 and 1 December 2026.
The total share-based payment expense recognised in the income statement for the year ended 31 December 2021 in respect of the share options granted was €1,160,000 (2020: €Nil).
The significant inputs to the model in respect of the options granted during the year were as foll
Nothing has changed, results at this stage were never going to be good, not much in financial incoming at the moment but the end goal will be worth it.
We are all here for the end product and the team are working hard behind d the scenes so keep the faith and be patient.
ATB
Skipping the depressing individual numbers. This paragraph is the most worrying:
The Group’s activities generated a loss of €5,396,000 (2020: loss of €1,208,000) and had net current liabilities of €3,863,000 as at 31 December 2021 (2020: net assets of €4,857,000). The Group’s operational existence is still dependent on the ability to raise further funding either through an equity placing on AIM, or through other external sources, to support the on-going working capital requirements.
After making due enquiries, the Directors have formed a judgement that there is a reasonable expectation that the Gro up can secure further adequate resources to continue in operational existence for the foreseeable future and that adequate arrangements will be in place to enable the settlement of their financial commitments, as and when they fall due.
For this reason, the Directors continue to adopt the going concern basis in preparing the financial statements. Whilst there are inherent uncertainties in relation to future events, and therefore no certainty over the outcome of the matters described, the Directors consider that, based upon financial projections and dependant on the success of their efforts to complete these activities, the Group will be a going concern for the next twelve months. If it is not possible for the Directors to realise their plans, over which there is significant uncertainty, the carrying value of the assets of the Group is likely to be impaired.
Notwithstanding the above, the Directors note the material uncertainty in relation to the Group being unable to realise its assets and discharge its liabilities in the normal course of business.
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If FG doesn't pull this off pretty much immediately now, I dread to think of the consequences.
They issued £2.7m in share options…..that is the key reason and is fine with me.
The best is yet to come
It's not good reading unfortunately.
https://www.londonstockexchange.com/news-article/QBT/final-results/15518633
Correction:
FINAL RESULTS
The board of Quantum Blockchain Technologies (AIM: QBT) is pleased to report its final results for the year ended 31 December 2021.
The 2021 Annual Report and Accounts will be posted today, together with the AGM notice and form of proxy to those shareholders who have requested to receive printed documents.
The Annual Report and Accounts, AGM notice and form of proxy will also be available on the Company's website under the “Investor Relations – Annual Reports and Circulars” section.
The AGM will be held at Company’s legal address, 22 Great James Street London WC1N 3ES, at 12.00 pm on Friday, 22 July 2021.
Is out...