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As per RNS
Some money by end of the month and interest to be paid on outstanding amount,nice. and about time,,
Francesco Gardin, Executive Chairman of QBT, commented: "We are very happy with the outcome of this double negotiation with the Defendants and the Receiver, which allows us to cash in the first tangible result of the Sipiem Litigation and now gives us the rights to all funds recovered, namely the €700,000 of this agreement and the balance amounting to €5.575 million plus interest and augmentation for inflation.
This provides us with an improved negotiating position regarding the collection of the remaining amount due to us"
Good news, additional funds to help QBT get over the line. Strong position to jump in now for sure
So QBT are paying out €170k + legal costs to buy out the agreement with the receiver that gave the receiver 30% of any money collected from the defendants.
€700k is the initial amount collected, subject to appeal, paid in 2 instalments.
So a net €530k if the Venice court rejects the appeal.
Got to wonder why someone would sell 30% of €6.25m for €170k.
If the money is collected should cancel out the need for a raise this year.
Also BTC now at $66k, should be a good strong day
Great news ! Ching Ching
Blooming heck. A positive rns. This’ll keep the wolf from the door until revenue.
Maybe the start if an uptrend.
Thing’s looking brighter this morning.
“ Francesco Gardin, Executive Chairman of QBT, commented: "We are very happy with the outcome of this double negotiation with the Defendants and the Receiver, which allows us to cash in the first tangible result of the Sipiem Litigation and now gives us the rights to all funds recovered, namely the €700,000 of this agreement and the balance amounting to €5.575 million plus interest and augmentation for inflation.
This provides us with an improved negotiating position regarding the collection of the remaining amount due to us"“
👍👍👍👍👍
Few typos with internet cutting in and out si apologies but you get my drift.Good news on monies incoming-dispelling worries about placing and raise before revenues.Caio.
Just need a sniff of results on the Bitcoin mining testing and the 160% better chance of mining a BTc block and this will really take off.
Should be a good day today
Jambone “ Just need a sniff of results on the Bitcoin mining testing and the 160% better chance of mining a BTc block and this will really take off.
Should be a good day today“
It’s just the start Ching Ching 👍
I literally posted the summarised facts from the PRN. Not sure how that is construed as de-ramping. Circa €530k net subject to appeal. Good news for QBT when they receive it.
I should probably remind people on here that none of us are aware of anyone's circumstances, state of mental health or ability to handle bullying. People should bear this in mind when posting and try and be civil.
Very positive RNS. Hopefully with more positive news on the way.
GLA all genuine holders.
Would love to see a number 2 inside that red dot. 🤞🤞🤞
Are you for real Brew?
You say….. I should probably remind people on here that none of us are aware of anyone's circumstances, state of mental health or ability to handle bullying. People should bear this in mind when posting and try and be civi…….
Then why do you continue to troll here, maybe bare that in mind and keep quiet!
There has to be an update on method B and being 160% more probable of mining a BTC Block, ghat will easily see the SP in double figures and beyond
'Then why do you continue to troll here'
I don't troll. That's your perception of my posts as you don't like them because I'm not under ramping.
My posting is civil for the most part in the face of some incredible abuse. Makes the board an unpleasant place tbh
Jambone " There has to be an update on method B and being 160% more probable of mining a BTC Block, ghat will easily see the SP in double figures and beyond"
Easily! Court funds coming in now is fantastic. Well done to FG for persevering !.....
Awl " Would love to see a number 2 inside that red dot. 🤞🤞🤞"
You never know.....great news today
Good start to the day, about time this started the upward momentum with pipeline news
Wonder if a news article will be published today on the RNS, that would benefit the SP massively
Those 1.07 were buys, as I topped up at that price, this is held back to fill order then hopefully move up
Good morning all
Nice to say hello
Been working off grid
Some good news fantastic
Hope your all in rude health x
Good Morning to all here,
Nice to see another positive news today, looks like the TROLL Gang are changing their mind? Last week, few TROLLS here was talking about 0.80p now it's clear they are regretting?
This is why I ignore them, just look at their post and you will see how they change any time. Like we said, nothing productive from those Guys.
Have a nice day all, including the TROLL Gang....