Quantum Data Share Chat (QDE)

Two points,

No mention of the auditors name

They have chosen an auditor with no listed company experience. My thoughts, wouldn't it be better to get a top ten auditor with lots of experience, that would bring confidence back to shareholders, rather than one with no listed company experience.

Oh, and they chose not to tell shareholders why Crowe resigned.

DO spell out what is positive about this Mr NeverQuiteMaidit. Its exactly what you'd expect at this stage, before the critical news comes. Can you tell us what that will be ? Thought not.

I'm already prepared for my new purchase

I'll believe it when I see it.

Great news for true shareholders. Bad news for others.😲

Shares are suspended, so any announcement made about progress should be taken at face value, I mean if no progress was made then eventually it will come out in the wash. We all hold our breathe with powder dry and at the ready.

Sd be 'indubitably" sorry, blame predictive text.

'In this case perhaps we can take it that the co might incriminate itself "

Indutibly,save that the Meter Man appears to have been doing little else.

In this case perhaps we can take it that the co might incriminate i tself !

"Care to say what they are b_t ?"

I need to be very careful with what I say but...

Anything where a public announcement could be seen as 'tipping off'

Or anything where a public announcement could jeopardise future actions or be in contempt of judicial authority.

I can't remember what the principle is called but the point is that a party does not have to do anything by law that will compromise its position at law. Silence becomes not just a right but a defence.

TO BE CLEAR I am not saying any of that applies, just that it would explain why there has been no disclosure when disclosure might have been expected.

Care to say what they are b_t ?

Saloon

Shows how little you know‼️

I was multi-tasking and watching Bournemouth v City on the TV, then at 8.15pm also had an eye on Chelsea v Spurs using Sky Go on my Laptop.

😁😁😁😁😁😁😁

Only put that comment during half time in the footy to see if the one 2 Pete’s do actually sit and watch the chat constantly ha ha back to life and footy bye green bin men unbelievable this is your life!

Some really informative QDE posts today.

Saloon

See you can’t resist opening your green boxes.

However your reply contains language that is likely to see your post deleted. 🤣🤣🤣

Saloon

What a pathetic person you are. you’ve clearly opened and read the green box, no self control. 😂😂😂

Oh and I see 'Trying to make a buck'. Thats your sole aim. No attempt to understand how you can better ensure doing that. Treating investment like a couple of nights at the dogs no doubt. No wonder anyone posting what you can't understand strikes you as 'pompous'. As Dud and Pete would have said. Go and take a shufti somewhere dangerous. Don't come back.

Pomposity Mr Saloon ? Been here less than a month and shovelled out 227 gobs of drivel already. And shown you understand nothing of this company. That's 'pomposity' methinks. I post facts for the intelligent wanting to understand. And when I see a farcical Laurel and Hardy moment displayed for all to see - I mention it. As for you, I suggest you take your ignorant and 'pompous' opinions back to where they came from. Then this board will be free for those discussing matters intelligently.

You really are an opinionated pompous ass. Me I see them as regular folk trying to make a buck. At least post in your second pseudonym of 4PS so it makes you look like you have a life and not just talking to yourself into the night. Or just post another bashing post with a few emoji's. actually don't bother answering gave my head a shake and put your opinionated pompous ass on filter. CYA key board warrior.

I envision them as a bunch of clowns trying and keep falling off and trying again to jump on the rickety QDE jalopy gathering speed down a rocky slope to a vast chasm below - all the while shouting 'it'll turn round and shoot back up - up -up up

There is something magnetically compelling about watching a disaster unfold before your very eyes,-much in the way predicted- a lot like hovering over the Titanic on its maidan voyage with Lostitall in charge, Ken at the sterring wheel, and the Scouser in charge of navigation...every sensible person knows whats about to happen, but their advice falls on deaf, shortly to become extinct ears...

Coming Back ? By the way. Do tell us (or ask the professionally qualified or investment experienced Roast numpties - oops ! You mean they are neither ?) how will QDE lift its suspension by July if the accounts (necessary before suspension is lifted) from the new auditor will take at least 3 months and probably longer to finalise - and no auditor has been appointed yet. Even when they are they're not likely to be able to start straight away.

Just to help you, here's what AI says

A new auditor will likely take 3 to 12 months (or longer) to finalise the audit, as they cannot simply pick up where the previous auditor left off.

Key Factors Delaying the Timeline Starting from Scratch:

Professional standards require new auditors to perform their own risk assessments and gather independent evidence.

The "Risk" Red Flag: The outgoing auditor's resignation due to "risks" forces the incoming firm to trigger strict client-acceptance procedures and enhanced scrutiny.

Complex SPVs: Unraveling Special Purpose Vehicles requires extensive testing of off-balance-sheet exposures, asset valuations, and complex legal structures.

Debt and Borrowings: The missed deadline will likely trigger immediate technical defaults on borrowings, requiring the new auditor to review covenant breaches and going-concern viability.

Predecessor Clearance: The new firm must formally communicate with the resigned auditor to understand the exact nature of the risks, a process that can take weeks if legal teams get involved.

Oh and one more thing. If a suspension lasts more than six months, the FCA usually cancels the listing.

I'm sure the Roast Numpties will know what that means for shareholders. Especially for those it has 'advised' so professionally.

WE wait with bated breath.

Never Maidit

WOW 😮

SO if the GOONS on Sunday Roast say something that you can read in an RNS, this proves that they know what they are talking about.

You really do spout such nonsense and then you come on here expecting people to take you seriously 🤣🤣🤣🤣🤣🤣🤣

By the way I’m pleased to see that following my intervention you have finally learnt how to spell that horrendously difficult 5 letter word - LAPSE, rather than your 4 letter variation of LAPS - which is what you do on a running track.

As you’ve been a member of this Forum since 2015 I can only assume that unfortunately you struggled academically.

"Sunday Roast know what they're talking about" ! Yet more proof of your crtetinism. Full details of the warrants with timetables and amounts were posted along with the prospectus. And Sunday Roast it was droolingly opined QDE would be 'getting over £300m income'. How old are you Maidit ? Are you still in kindergarten ? - not yet got into the backward 'numbers' class ? - let alone the 'My First John and Jane nursery book".

If it helps any LIV'' a return to Market was toted for early June to end of June QDE was mention 1 hour 10min 30sec in, and finish 1 hour 11min 38sec, and I'm sure we will get some news during suspension shortly'' just a little bit more patient required https://www.youtube.com/watch?v=4Besn_0O0Us

BTW these guys know what they are talking about and know a lot more than all of us posting on here because they were the ones that told us the 4p warrants will lapse in JAN and the next lot 117m shares will lapse in July as they are now out of the money with SP under the 4p base, and it look like they will be absolutely right if indeed PK is looking to hang out the comeback to end of June early July ?

best regards....

Lol - the black knight speaks again.

So why don't those 'chatting' have any QDE shares Mr Zen. ? Has the answer never occurred to you ? Is your level of comprehension even lower that Never Maidit's ? Tell us how many shares YOU have, and what you paid for them.

For days now, there's been an absurd situation in the QDE chat. Those who don't have any QDE stock are chatting, and they're getting each other worked up because they know QDE will return with a bang soon. People, get over your absurd hatred of QDE. QDE's return to the market will be huge.😲🤞

Alternatively you can cast pearls before swine.

This was a great prediction by Monty on 3rd April.

“ The SP was 2.2 March 2, so an average weekly drop of .2. If this continues it will hit 1p just before the AR release date end of April -possibly below 1p in anticipation of bad news which will then drop it well below 1p -possibly down to .5 p...”

Throughout April Monty was consistently referring to this reaching 0.5p after the AR.

However the one thing that we didn’t see coming was the Auditor’s last minute resignation, which has really put the cat among the pigeons.

0.5p now looks very optimistic. The lemmings were warned and had every opportunity to jump ship on 30th April when they knew enough to make that sensible decision, but like Captain Never Maidit, (who also captained the Cineworld ship) they have chosen to stay on board as she sinks.

You can lead a horse to water, but cannot make it drink.

Never Maidit

You are trying to put a brave face on it, but deep down you must be bricking it 💩

It will come back when it come back LIV'' just enjoy this nice break away from the argument that cant wait to reaper ? and keep your powder dry for when it return

good weekend..

Correct b-t. Reasons tomorrow

The timescale you should be working to is... never.

Chance of this ever being traded again on public markets is so small as to be irrelevant.

From here it either goes bust or goes private... and then bust.

Scouse

First of all they need to find and appoint an Auditor. I would expect that Old Egghead would announce this in an RNS. Then after that they have the task of doing the Audit of the 2025/6 accounts and publishing them to everyone’s satisfaction. Therefore don’t hold you breath.

When can we exspect any news at all

Has a section 519 notice been issued re Crowe llp resignation as QDE's auditor ? when must it be ?

Yes, a Section 519 notice has already been issued regarding the unexpected resignation of Crowe UK LLp

Status: Crowe UK LLP submitted the Section 519 notification. Quantum Data Energy PLC (QDE) confirmed receipt of this statutory statement on 29 April 2026.

Content: The notification served to end their office with immediate effect. This disrupted the publication of QDE's accounts for the year ended 31 December 2025. No adverse findings or explicit reasons for the exit were initially disclosed within QDE's regulatory announcement.

(Doesn't mean PK wasn't given the reasons)

Under Section 516 and Section 519 of the UK Companies Act 2006:Auditor Deadline: The resigning auditor must deposit the Section 519 statement of circumstances (or a statement that there are no such circumstances) at the company's registered office at the exact same time they deliver their formal notice of resignation. For a public interest entity or listed company like QDE, the resignation is not legally effective until this statement is attached.

Company Deadline: Once received, the company must send a copy of the Section 519 statement to its shareholders and creditors within 14 days of deposit, unless they successfully apply to a court to declare the statement defamatory or abusive.

No Filing: There are no regulatory filings or public notices indicating that QDE has sought a court order to block or challenge the auditor's statement.

So, 15 days on, no announcement of any sort from PK. Nothing deposited yet at Companies House.

Yet another failure to follow the rules

Maybe PK has done a bunk back to Seth Efrica from where he (and his Kibo mentor Coetzee) brought their distant relationship with the truth. All my own speculation Yer 'onour

True 4P Tiny it is ! Never occurred to him that anyone wanting a double identity wouldn't make it similar to the first.

Saloon

To have multiple identities is contrary to LSE Rules and gets you banned. Bearing in mind that that you and other have speculated about this and reported it to LSE numerous times. Have you been unable to work out why we are not banned? - Probably not‼️

The reason is because LSE know categorically that we are different people. Please do go ahead and report your suspicions as you will be left with egg on your face 🍳

Has it never entered your tiny little mind that there might be more than one person on this forum called Pete? Again - Probably not‼️

I would’ve thought that anybody with any intelligence looking at the different writing styles would be able to ascertain that they are not remotely similar.

Just why you joined this the LSE forum and have rocked up here with a huge interest in investing in a near insolvent company that has plummeted almost 99.5% in 8 months makes the mind boggle.🤪

Where did you find that statement Monty ? Its not the more specific explanation the rules call for - so I'm still waiting for the section 519 announcement. The rules seem to say 1) specific reasons should have been given to QDE along with the resignation letter and 2) those reasons should be passed on to shareholders within 2 weeks. Of course, going by that letter, PK might just post to shareholders without making a public announcement - I don't know.

They resigned due to a "reassement of the risks' which is about as bad as it can get. Clearly they had a dispute over what QDE wanted and the associiated risks for them.- and, equally clear, it must have been over the way the loans and repayments were 'presented'.

I would have thought a need to feed his ego comes from someone here only 2 weeks, posting absolutely nothing of relevance to all here who have known the company and its ceo for nearly 7 years. So 'Good Luck to You Too Sir' !

Puzzled Pete

You are spot on about MET1, which is also heading for 1p and due to QDEs suspension will no doubt now win the race to this ignominious milestone.

Interesting but not surprising that the other outfit resorting to the desperate and dodgy (and disastrous for original shareholders) pre-paid warrants scheme last year - Metals One - which preceded Mast by around six months , promoted by the same dodgy 'advisers' in Puerto Rico and Canada, has seen its shares behave exactly like Masts' (still the same rickety pile underneath the laughable 'Quantum Data Energy' monika) - now at a long time low and obviously going lower. So what's the connection ? Both ended up with so many shares in issue that whatever projects or schemes either company might succeed with are going to be so diluted that the share value can neve approach any worthwhile level or like even anything previously. So each cos shares are following the same, lower and lower trajectory (and so would QDE's if not suspended). Take a look at Met1 !

In fact I wouldn't be surprised if some sort of legal action might be taken by the (mostly US and Canada) original buyers of the warrants who, if they didn't take their wacking great profits in time, and the others sucked in to the spike will have lost out to the fraudulent 'promotions' they were fed by each co (Mast's ACF Research and the fake press reccs) in order to artificially boost the shares and make the scam work - for a time.

Tools are useful, but you are not. Most of your posts don’t even have any relevance to QDE, and are just personal attacks. I imagine this boosts your little ego and self esteem. 😂😂😂

I gather replacement auditors are not exactly queuing up.

Only coming back once they have found a new auditor and once that new auditor has completed its audit of QDE. That, at the very earliest, is months away.

And that's if they can find a new auditor (they will speak to Crowe, so will know why they quit)

When is this coming back Pete or is it not

Ahh not the old Mother jibes, Please tell me you are better than that Littleman? I may post a lot but at least in the main it is on companies I have a vested interest in. I just started posting here due to your inflated ego belittling way you shout people down! If you can point me to any post I have made, taking pleasure in people losing money I will take it all back. Basically what I am saying is you are just a Tool, that can hide behind a key board, a classic key board warrior mentality pretending to be what ever you want to be, but obviously a failure in life. No offence, just my take on you.

QDE is coming back soon. Time to get ready to buy

Even Hargreaves Lansdown warned against investing in this share. The company’s CEO committed fraudulent transactions, looting investors’ money through a warranty scam. No one knows where the CEO lives, and it’s uncertain whether UK police can trace him if the FCA permits. Once suspended, the share value will become worthless even if the suspension is lifted. Investors who lost money deserve justice.

The price of mast shares at the launch date in April 2021. when there 188,564,036 shares in issue was 12.5p however with the 1:40 consolidation that would equate to 4,714,100 shares at 500p if the SP had remained unchanged.

However with all the placings and warrants to raise funds the number of shares in issue today is 261,590,690.

Therefore had the SP stood still for 5 years the M/Cap would today be £1.308 BILLION. Instead it is £3.14 MILLION, That’s 99.76% less than might have been.

So, where has all the money gone? Whose pockets have been lined? Why is the company now so close to insolvency? Was it just dreadful mismanagement or has it been a deliberate SCAM?

Answers on a Postcard to Mr Egghead.

I'm afraid, oh zen the 19th, 'honest' shareholders' never get much luck from a dishonest CEO.

And 'zen' (enlightenment) seems not to have alighted upon you yet.

Now it's a temporary time for the scavengers, but soon QDE will return to the scene with a bang. Time is on QDE's side. Good luck to honest shareholders 😲🤞

This share will never recover. Even if it does, it is likely to be delisted. Millions of pounds are tainted by fraud, and the share value will become worthless. The company may default to administration.

Petes

Can you do me a favour and post on the he1 board your views on SPVs please?

There is an idiot on there who thinks they are a sound method of doing business?

Thanks

Ps you were both right about this lemon

When an auditor resigns suddenly and a company is suspended, the timeline for a new auditor to produce the audit can range from 4 weeks to several months, depending on the reason for the resignation and the state of the company's records.

Because the suspension suggests high-risk circumstances (such as a disagreement over accounts, or suspected fraud), the new auditor must perform extensive due diligence.

Estimated Timeframes:

Best Case (4–6 weeks): If the resignation was due to low fees or a simple, non-contentious disagreement, a new auditor can start immediately. They will still need to perform planning, risk assessment, and substantive testing on the financial records.

Typical Case (2–3 months): The incoming auditor must adhere to professional ethics, which includes contacting the outgoing auditor to understand why they resigned. If the previous auditor's resignation was due to lack of trust in management or failure to provide information, this investigation period is longer.

Worst Case (3+ months): If the financial records are in disarray, or if the new auditor identifies material weaknesses in internal control, the audit will take significantly longer.

Factors Affecting the Timeline:

Auditor's Risk Assessment: Since the previous auditor left mid-term, the new auditor must perform intensive risk assessments (as per ISAs) to avoid being associated with potential fraud, which increases the time needed.

Handover Quality: If the outgoing auditor provides full access to their working papers, it speeds up the process. If they left because they were "challenged," that information must be reviewed.

State of Financial Records: The speed depends on the SME having clean, year-round records. If the new auditor uncovers incomplete records or gaps in documentation, the audit is delayed.

Appointment Process: While directors can appoint a new auditor to fill a casual vacancy quickly, finding a firm willing to take on a high-risk assignment may take time.

When an SME auditor suddenly resigns, creating a vacancy, the company must appoint a new auditor as soon as possible. While there is no rigid statutory deadline to replace a resigned auditor, the process is usually intended to be swift to rectify the suspension of trading, often taking a few days to several weeks to navigate the formalities of professional clearance, tender, and appointment.

Key Aspects of Appointing a New Auditor (UK Context):Casual Vacancy: A resignation mid-term creates a "casual vacancy," which the directors have the power to fill immediately under section 485 of the Companies Act 2006.

28-Day Regulatory Notice: If an auditor ceases to hold office, the company may need to notify the appropriate audit authority within 28 days.

FCA Deadline (If Applicable): For firms regulated by the FCA, if an auditor is not appointed within 28 days of a vacancy, the regulator may appoint one.

Professional Clearance: The new auditor must obtain clearance from the outgoing auditor before taking the appointment, a process that can take time if the resignation was contentious.

Therefore the longer it takes to appoint a new auditor the worse it looks.

4Pete. Where did you get that 'evaluation of risks' statement from ? If genuine, it should be announced byPK.

Or maybe we won't !

Baffled by all the smoke and mirrors that bamboozled the lemmings ? We'll see.

In accordance with section 519 of the Companies Act 2006, Crowe indicated they performed a re-evaluation of risks related to auditing QDE and decided they were unwilling to continue acting as auditors.

Despite the abrupt resignation, no specific detailed reason for the risk assessment findings was disclosed in the company announcements.

Re Loans.

Monty I haven't checked, except that PH is in the habit of saying 'Pye loan has been repaid 'from revenues'. Omitting to mention it can only be repaid from 'profits', which after depreciation and operating costs is no more than about 25% of revenues, and in the latest year is likely only just (with capacity payments) to cover an annual repayment of the o/s Pye loan. If in fact he (or rather the legally and financially separate Pye) has 'paid enough to cover the loan repayment it could possibly only be before paying the gas man or the maintenance man.

His obfuscations re 'net profit' he never mentions, rather than the 'revenue' he always trumpets, coupled with Pye's status as a separate SPV (needing an outstanding loan holder to agree any dividends paid up to QDE - after a year's audit) provides the smoke and mirrors he likes to operate behind

I note Crowe did their 2024 accounts, so despite Crowe comming a cropper in late' 24 with over a million fine for 'irrelgular' accounting of a (fraudulant) US firm, Pete the Meter still employed them...Poor judgement ?

It makes no sense whatsoever to suddenly resign with one day to go...due to 'staff shortages " a problem that would have come up much sooner...

The loans puzzle me: in the '24 account the MM clearly says that over half a million of the Pye loan was repaid through "a` director loan agreement plus through share warrants..' Yet in the '25 half year (unaudited accounts) he says that over 800k has now been repaid in the previous 18 month period ,(including the 500k repaid in the previous full year) 'through the profits made by Pye". In other words he is contradicting his own comments in the full year accounts. Also, if paid from the Pye profits, this is not accounted for in (or from) this 6 monthly report Jan - June '25

Yes and No - because the £5m or so from those remaining warrants are desperately needed by PK to balance his shaky books. They would also have decimated shareholders further through dilution - not that PK has ever cared about shareholders.

As it is, having run Mast (and now QDE) into the ground, he's in a bind he can't get out of.

Well no more warrants is that not a good thing

Scouse,

No one is going to execute their warrants unless it gets to at least 6p and that’s not going to happen, so the warrants and all the money that would have brought to QDE has already been discounted.

Reputation damage (just look at S4 capital or wood group). Those institutions that were part of the raise arent going to be happy, are they.

And we need an answer of why the auditors quit

Why will it come back lower there could be no warrants left when it comes back Pete

This will be back in a few weeks

I bet you did.

Probably the only person in the Universe 😂😂😂

Wish I had of got some on Thursday afternoon

I can't wait for QDE to come back on the market to buy more shares

Thanks Dglos

That sums it up perfectly, the day traders ramp up the price so they can make a quick buck at the expensive or others who buy at or near the top and lose out.

Pete’s, and company. My guess is that most all the rampers on here were day traders. Coaxing in newbies for their gain with false speculations and promises of it goes up tomorrow. The only ones that called it right were you guys and I wish I had listened earlier. I take my hat off to you all that warned me.

As I’m down on this and out altogether I hope it falls flat on its face and the rampers get a taste of their own medicine. Krugal is an incompetent egg head borrowing machine. I’ll only ever drop back in if QDE gets bought out by someone who actually has some capital behind them and at least some business sense. Very rare you can borrow money and still make a profit, although there are exceptions I agree as I managed it once myself.

Enjoy the long weekend all, tho I’m sure some will be sweating 😥 over the weekend if they never pulled out.

Maidit

I thought you were meant to be a LTH not a trader. Your post infers that you sold on the spike and now have Free Ride Shares Left. What a cop-out. There you were talking up the shares so that you could sell out on the spike and make more than your initial investment and now have some Free shares left.

The most sensible thing that you said in your post was this, “ My thinking is that QDE suspension today will give the CO the breathing space it will need to get its house in order”. In this quote you are acknowledging the QDEs house was “OUT OF ORDER”. So well done on finally admitting that.

You also need to brush up on your Math’s.

Before the spike you could buy for 1.40p and at its peak there were buys at 5.5p and sells at around 5.27p. A rise from 1.4% to 5.27% is 276.4% NOT 350%. Please try and get your facts right, rather than telling porkies.

The trouble is Maidit, that to be 'a lot stronger' QDE needs a massive injection of capital, to give it a balance sheet that will reassure any partners to sign up with it. More than 6 'partners' and at least one reputable broker Krugel has trumpeted since listing have walked away after doing due diligence - which should have told anyone that Mast, now QDE, isn't viable. Look at my AI post earlier which lists what 'partners' will have seen from DD, and the legal covenants and constraints they will have put in place to protect themselves. Even if a white knight were to come along willing to take on what paltry business Krugel has and put up the at least £5 million it would need, he will want it at a rock bottom price, and dilute existing shareholders even more drastically than the part-failed warrants scam has done. That Krugel resorted to that scam should have told you everything.

As it is, having had his long standing auditor walk away, even in the unlikely event he has an excuse, is the death knell for anyone thinking of partnering with him from now on.

I'm grateful to have had some good wins over the years and some bad losses and learnt a lot about these casinos and how they operate from it all, you will never see me moaning on any stock that have not worked for me, but not afraid to call out bad behaviour by BODS if its called for even if I'm invested...

What happened to all those holiday parks Krugel was supposed to be getting involved in?

Personally I think he sees the latest buzzword and tries to jump on the bandwagon by changing the company name to suit.

Was mast now quantum data energy aimed at AI companies, that’s not gone well so far.

Maybe holiday power next time for a website renewal but that’s failed already before it started.

Mm let me think 🤔.. d1ldo recharging station might work 🤷‍♂️

Have to admit got it wrong guys, I was predicting under 1p by results.

Well done to anyone who didn't buy in. Well done to PP and a few others who demonstrated with their posts this company is a sham.

My biggest upset is could not find a platform to SB a short.