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This article contains a comment from FG that sums it up nicely....
https://twitter.com/proactive_UK/status/1790994099215962328?t=RKb5BooqsJvKEJ-i5mSX8g&s=19
They can now claim the full €5.4m plus interest which by previous calculations posted is around €10m 👍
With a big wedge like this I forsee QBT cracking on with their prototype mining rigs and progress will be made soon, well done to the long term holders here it's about time some positive news landed, this news will have the short position getting squeaky bum time that's for sure
" With a big wedge like this I forsee QBT cracking on with their prototype mining rigs and progress will be made soon, well done to the long term holders here it's about time some positive news landed, this news will have the short position getting squeaky bum time that's for sure"
Absolutely Chip, good point , this definitely gives Qbt more options
This definitely helps and it a big positive but it doesn't change much in the grand scheme of things. We need an update on method b working and working well . As soon as we get that then things will move until then this hovers around 1p
The question I would want answered is why was the receiver happy to take a one off €170k payment just at the point when apparently the money is going to start to be actively paid by the defendants? They were entitled to 30% of any monies received so have taken €170k rather than wait for around €1.7m on full collection.
Is it because they were not confident the full amount would be easily collected?
Agree Drutor, it is nice but not life changing. We need positive results for that. We won't be having a placing anytime though.
Question I would want answering is why are you getting posts removed that mention your GSA connections, which you have clearly now admitted. No personal issues with that, but just be honest and respect the fact that others can clearly see through you. No need to reply, you have a team meeting with them at 10am I believe, red bull at the ready.
'your GSA connections, which you have clearly now admitted'
Schoolboy stuff llewellyn. Make up a lie, repeat it, make up another lie then say there is no need for me to deny it. All without presenting a shred of proof.
Be better.
Illywelyn, probably they (GSA) have an agreement with LSE. Any time someone mentioned they name and go against them, the post will be removed. The Trolls here report to LSE and they delete. HOWEVER, if you report or ask for their post to be removed, trust me, will never happens
"Schoolboy stuff llewellyn."
C'mon Brew - that's being disrespectful towards schoolboys.
Guys don't forget we can have the live testing results any time. If is good or bad we don't know, but I hope they release a good statement and all this speculation & bashing will finish for good.
Great news for the BOD, it will enable them to pay themselves while they kick the can, typical AIM story-stock.
They wait until expectations are so diminished that they can deliver the bad news.
Brew. Were you there at the negotiations between CL 17, and the receiver. Thought not. So like us, you have no idea what they negotiated outside of the written agreement with See today, muddying the waters again.
'Brew. Were you there at the negotiations between CL 17, and the receiver. Thought not'
We know the outcome of the agreement though, as laid out in the PRN. A one off €170k payment to the receiver leaving QBT to chase the rest of the settlement.
It's a perfectly valid point to make. Why take €170k when you're due 10x that. Seems clear to me the receiver didn't fancy the odds on receiving all the money and thought 10% up front was more attractive.
Garwool1, don't wast your time, anything you or any person say to that person, He's always right and any of us are always wrong. Looks like He's knows more than FG and all RNS already out.
Instalments, there will be another update in next few weeks / days
So reading the PRN again the first installment is due 20 days after the agreement date, which was 29 Apr 2024. So first payment should be made by this Sunday. However, the PRN states:
'The aforementioned €700,000 settlement further remains conditional upon the approval by the Venice Court of Appeal. In the event, however, that the Venice Court of Appeal does not set the hearing date to approve the settlement before its ruling on the appeal before it against the original Judgment, the preliminary agreement will be void'
So looks like a court hearing has to take place within the next couple of days, otherwise the agreement becomes void. Might be worth checking court records to find out if a hearing is scheduled.
A few million coming soon.....!
Garwool- Yes Brew and FG are very close....lol
" Agree Drutor, it is nice but not life changing. We need positive results for that. We won't be having a placing anytime though."
Absolutely the trolls key weapon of fundraising has been blown apart....lol
Suthy, they will twist the RNS and will start another conversation, soon someone will start saying QBT will get a little value
Obelix- they can twist all they want. Money is coming in ....great RNS.
FG has done brilliantly to get this.
Suthy, a certain Individual haven't posted for nearly 1hour - I'm sure the person will try to do something again.
Like you said: they can do whatever they want, the money will be in the company account soon
Surprised this has only moved 11% in light of these positive news