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Good Morning to all, let's hope to see another blue day here. Keep in mind we are closer to have the money in the account and live testing results.
Obelix - “
Good Morning to all, let's hope to see another blue day here. Keep in mind we are closer to have the money in the account and live testing results“
👍👍👍👍
Suthy, we will have the money from Court as well.
I found little bit odd those £15k trades yesterday - speculation or they start already buying shares at any price?
Obelix- that’s true , the funds from the court case will be good for cash flow. If FG manages to strike a deal on the remaining $5.2m owed, then this will fund Qbt for a very long time . Well done to FG for being so determined with this 👍
The $5.2m from memory is owed by the same people that own the ondaland waterpark.. apparently advertised as the largest watermark in Italy.
The website is taking booking for 2024..
https://www.ondaland.it/
I'm sure they can cough up $5.2m easy.
€5.2m + accumulated interest and costs.
Lot of cash that to be bought into QBT.
Depends whether Eufingest want repayment or conversion of monies owed. Could do a lot with that money.
IS that £5.2 Ml + Interest signed and sealed. Or Is there more appeals still to come ?
No more appeals to come 👍 case closed
Chipo, any idea how long will takes to get the value to QBT account?
"No more appeals to come 👍 case closed"
That's simply not true - read the last PRN.
So do you think the defendants think they have a good case for appeal, if they did then why are they paying up now?
It’s virtually nailed on, the final ruling will nail the defendants with the remaining €5.57 million + interest + fees.
That will make it enforceable, also with the main defendant not playing ball and agreeing to QBT Deal they will be also liable for criminal proceedings……will focus ghe mind as per the other defendants as per RNS imho.
Hexam why you are negative all the time? I never see a post from you that is supporting QBT - if you are not happy, sell the shares if you have and move to another company. it's simple and faster
Hex is the troll master hiding in plain sight. Tries to come across as a reasoned and intelligent doubter, but his game is as obvious as Brew's. Hex 'em anyone? He Hexes shares for a living...
All I did was correct an obvious falsehood. Surely that should be welcomed?
I have plenty of other shares already thank you very much and am generally very happy - especially with those doing well like MKS and MAB today that both posted fantastic results. As I've said before though I very rarely comment on shares that are performing well as I don't see the point. It's only underperforming ones where the hard questions need to be asked.
Jambone any Idea when the Final ruling Is due. IF and when completed will add serious respect to FGs commitment and business acumen. IMO.
"Tries to come across as a reasoned and intelligent..."
Really not that hard on this board...
Does nobody read the PRNs properly? Receiver seems to believe collection will take a long time, hence why they were happy to agree to a deal to receive one tenth of what they were entitled to:
'Following negotiations between CL17 and the Receiver regarding the proposed settlement and the potential length of time to successfully conclude any collection actions, the Receiver has agreed ... to sell to CL17 its rights reserved in the 2019 agreement, namely 30% of any sums collected from the Sipiem matter, net of legal costs for a fixed amount of €170,000'
Receivers are very exacting, patient people. For them to agree to a fixed amount upfront tells you what you need to know regarding likelyhood of collection and the speed this might happen.
“
Hex is the troll master hiding in plain sight. Tries to come across as a reasoned and intelligent doubter, but his game is as obvious as Brew's. Hex 'em anyone? He Hexes shares for a living“
Yes and he thinks we can’t see through him 👍
We are back to small volumes of trades and value today. As expected with nothing much changing on the QBT landscape. I find myself agreeing with Brew, for once, on the settlement. As he suggests I do not quite understand why a receiver would give up revenue if they thought collection was a simple process. I am sure with a payment made that the remaining claim will come but timescales may be a lot longer than some are making out. Just an opinion.
Meanwhile, I had a look at the two alternatives suggested by Brew a couple of days ago. I do not see apples for apples and remain committed to backing the QBT solution currently being built.
“Receivers are very exacting, patient people”
Yes, they are. With the absence of anybody on this board being at the meeting, we take what the company has said. They receiver may have had instructions to take the fee, we were not there. We do not know the negotiated future do we.
We know why the receiver settled for 170k upfront though. The PRN tells us:
'the potential length of time to successfully conclude any collection actions'
The receiver sold 30% of at least €6.5m for 170k, so less than 10% of what it could have claimed if all the money had been recovered. It's not a leap to assume that the receiver did not fancy it's chances of getting more than 170k. Talk of €5m rolling in over the next few months is fanciful.
On a separate note, would be good if QBT confirmed it has received the first payment. Was due by last Sunday.