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Everyone can speculate Jam, it's what a board is for.
I mean jeez you've been speculating for 2 solid years now, deals are tomorrow.
So Aimloser and Bree can speculate positively on GST where they are invested yet nobody can speculate here?
Why is that again?
Again Aim
You are quick to try and undermine Hanji speculation (and it is speculation) but why ?
You only seem to be wanting to reduce the worth or importance of the share price and QBT.
One wonders why ?
Hanji your comment. 'so I'm more inclined to think it is positive because otherwise they would have stated in the same rns' is pure speculation on your behalf.
Whats worse than the above speculation is this comment -Next update will be update on live testing.. halving event has passed so its going to be interesting..
Aim
Your comment 'Company are hiding something here, and I don't think it's good.' is merely speculation on your behalf. Yet written as a factual statement
I am of course fully aware of the risks of investment, and only invest what i can afford to lose, and my position is HOLD
What is your position ?
Why exactly do you keep pointing the finger of risk, uncertainty and disbelief at QBT so publicly ?
What do you hope to achieve from this ?
MrHanji, of course they wouldnt of, that would have crashed the SP to nothing, they are letting you down much more gently than that, your post makes zero sense.
If the live testing wasn't going to plan they would have said in the March RNS just like how they said there a challenges with porting.. so I'm more inclined to think it is positive because otherwise they would have stated in the same rns.
Next update will be update on live testing.. halving event has passed so its going to be interesting..
It's not speculation. The PRN stated that they were still working on getting a working product and could not put a time frame on when this would be completed. They cannot sign deals until they have a working product.
What is speculation is you saying results will be good. QBT have not stated anywhere how the live results are performing but from the length of time they are spending getting them we can infer that things are not going to plan.
Why are they a long way off? Pure speculation on your part. When the results come through of live testing, which are good results, it will speak for itโs self and they will have contracts very soon after.
'Investors here in my opinion don't wish to see further test results, they would like to see some revenue and signatures on dotted lines'
Bit naive that. QBT have been clear with the trouble they are having with both porting and transferring test results to use with commercial chips. They have no put an estimate on when these problems will be overcome. They have provided no details of how the current tests are being conducted.
It is pretty clear that deals of any kind are a long way off. I expect the next announcement will be downplaying Method B (Method A is pretty much in the background now) and promoting Method C and their chip development. You can see from the last how they lead with Method C when everyone wanted to know about Method B. Method C will also give them a good reason to raise again although I do believe they should be funded through most of this year so it will be summer before they start to plan that.
That's a BIG if Mikey.
Company are hiding something here, and I don't think it's good. Next Rns will make or break your massive investment. It's about time they came clean one way or the other. The market wants to know if these methods work and will be required by miners. The latest Rns did not fill anybody with any confidence.
Mike - โ 'Investors here in my opinion don't wish to see further test results, they would like to see some revenue and signatures on dotted lines, but we have also seen in the past from a single twitter post how quickly this can move should their be a sniff of anything about to happen, I can also ensure you and anyone else sitting on the sidelines that should an RNS land that contains either of the above long term holders will not be letting go of their shares for free they will be holding on to them for 5p - 10p which is where this will go upon any announcement of success.'
Cracking post ๐
Mikeydj said:
'Investors here in my opinion don't wish to see further test results, they would like to see some revenue and signatures on dotted lines, but we have also seen in the past from a single twitter post how quickly this can move should their be a sniff of anything about to happen, I can also ensure you and anyone else sitting on the sidelines that should an RNS land that contains either of the above long term holders will not be letting go of their shares for free they will be holding on to them for 5p - 10p which is where this will go upon any announcement of success.'
I agree. We all want to see some proper meat on the bone.
It's time to move up to 1.10p again - this low level only give the trades an opportunity to add more and then sell at 25% in profit.
I am also pleased to see that the members of this board have shown much better behaviour over the last 24 hrs.
โ I am a VERY big long term investor. I agree whole heartedly with the comments below. When the RNS
that we await drops, this will be proven a good investment. โ
Could not have phrased it better ๐๐๐
I am a VERY big long term investor. I agree whole heartedly with the comments below. When the RNS that we await drops, this will be proven a good investment.
I agree this could be answered in a few lines but not to me personally for that you will have to await an RNS that says "we have been running tests and acquired X blocks" or "since the efficiency has been proven during testing X miner has signed a contract to use our algorithms"
Investors here in my opinion don't wish to see further test results, they would like to see some revenue and signatures on dotted lines, but we have also seen in the past from a single twitter post how quickly this can move should their be a sniff of anything about to happen, I can also ensure you and anyone else sitting on the sidelines that should an RNS land that contains either of the above long term holders will not be letting go of their shares for free they will be holding on to them for 5p - 10p which is where this will go upon any announcement of success ๐
'I agree this could be answered in a few lines but not to me personally'
Makes you wonder why you asked the question via email then.
Good post Chip
I agree this could be answered in a few lines but not to me personally for that you will have to await an RNS that says "we have been running tests and acquired X blocks" or "since the efficiency has been proven during testing X miner has signed a contract to use our algorithms"
Investors here in my opinion don't wish to see further test results, they would like to see some revenue and signatures on dotted lines, but we have also seen in the past from a single twitter post how quickly this can move should their be a sniff of anything about to happen, I can also ensure you and anyone else sitting on the sidelines that should an RNS land that contains either of the above long term holders will not be letting go of their shares for free they will be holding on to them for 5p - 10p which is where this will go upon any announcement of success ๐
'Unfortunately, the technical complexity of the matter, described in hundreds of pages of QBT internal reports and huge data files, cannot be simplified in a simple answer of a few lines'
That smacks of a cop out based on the question you asked. What are they hiding.
" Which is why I believeโ brew. What credible comparison do you have to form this opinion that you are seemingly happy to espouse 24/7???"
None as usual , he is just reaching . I am not sure why he bothers
'What credible comparison do you have to form this opinion'
I gave all my reasoning in my post. Which bit did you not understand and I will try and dumb it down a bit for you?
Good afternoon,
In the recent update this statement was made:
In addition to the above, the development of Method B, as an extension to CGminer, a standard operating system used by almost all commercial mining rigs, has been particularly complex, given the intricacies of more than 50,000 lines of open-source C-code developed by the CGminer community. 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.
Are you allowed to expand on this at all please?
โWhich is why I believeโ brew. What credible comparison do you have to form this opinion that you are seemingly happy to espouse 24/7???