Member Info for 4PetesSake

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.

PuzzledPete

I ask Google why CROWE had resigned, this was the full AI answer.

Crowe UK LLP resigned as the auditor for Quantum Data Energy (QDE) on April 29, 2026, due to a reassessment of risks associated with the audit.Key details regarding the resignation include:

Unexpected Timing: The resignation was described as "entirely unexpected" by QDE, occurring only one day before the 30 April 2026 deadline for publishing audited financial statements for the year ended December 31, 2025.

Risk Reassessment: 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.

No Specific Reason Disclosed: Despite the abrupt resignation, no specific detailed reason for the risk assessment findings was disclosed in the company announcements.

Impact on QDE: The resignation resulted in QDE failing to meet the Financial Conduct Authority’s (FCA) deadline for submitting its annual report.

I assume the AI trawl of the Internet has picked up this info somewhere.

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.

Never Maidit

You pick some absolute corkers as examples.

GST was 1p when it was suspended last August, it is now 0.2p, an 80% drop.

You really ought to do a bit more research before posting examples such as this. 🤣🤣🤣

Https://www.glassdoor.co.uk/Reviews/Crowe-UK-Reviews-E688354.htm

Crowe UK have most reviews - 286 - on Glassdoor with an average rating of 4.1, which is reasonably good.

Maidit

Their address at St Bride's House, 10 Salisbury Square, London, England, EC4Y 8EH ceases on 6th April 2016 - NOT THIS YEAR

Their new address at 55 Ludgate Hill London also commenced on the same date and it shows as being their ACTIVE address.

Don’r worry. you were only 10 years out 🤣🤣🤣

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.

I see that AFC which is in the same sector as QDE but is 70 times bigger, has just reached a 9 month high and is up 55% in the last 5 weeks.

I’m not invested in it yet but am following its progress and doing some research on it.

Scouse

No, PK is a very shrewd and crafty dude so I expect he will manage to navigate it out of suspension eventually, but with the SP lower .

Never Maidit will still be ramping QDE and lauding old Egghead even after it’s gone into administration, just like he did with Cineworld. Some people just never learn.

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.

Yes Bitcoin at these low levels is a good long term investment, but why invest it it via a little company like SATS when you could do so via the biggest holder of Bitcoin, namely MSTR?

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.

Saloon or Buffoon 🤡

For months , every Friday I have posted the end of week figures. With the suspension I did not have to wait for 4.30pm today to do so. Therefore I chose to post them very early on this particular Friday to get this chore out of the way so that I could do other things during the rest of today and in the weeks ahead whilst this BB should have no activity.

However I am so sorry that the timing of my post failed to meet with your approval and it is only your intervention that has caused me to come back on here this morning to respond to your insults. Otherwise I’d have already been out doing some gardening. 👨‍🌾

As long as you keep posting, I’ll keep replying and I have a lot more time on my hands than you do 😁

Mr Saloon

You only became a member of this Forum yesterday and in 24 hours have already posted 21 times which must be some kind of record for a new member. Clearly you had a previous identity and had become a laughing stock hence you felt the need to open a new one.

If you keep posting at this rate you’ll have 7665 by the end of the year. You are clearly an angry little man who likes picking fights with people. I’d ignored you yesterday after you said you don’t hang around on BBs, but you obviously don’t keep your word and couldn’t resist coming back to stick you oar in.

It is clearly you that needs to see a psychiatrist 👨‍⚕️

This BB is for discussion about QDE you seem to want to use it as a forum to insult people - please grow up.

Saloon

You have only been here 5 minutes and think you know it all, when in reality you are very ill informed.

The end of week figures are something that I have produced on here for many months and I merely add a new row at the end of each week with an appropriate comment at the bottom. I do not start my post from scratch each week.

They are a valuable tool to anyone wanting to know more about the recent history of the SP.

I don’t know how old you are but not everyone has to be in bed by 9pm, perhaps ask you mummy if you can stay up a bit later if you are jealous of the fact that you can’t post after the watershed.

And as for you Mr Barso, if you are still invested here then I think your neighbours ought to be checking on your sanity.

The closing mid-prices at the end of each week since the 213p High:

1/5/26 1.25p ⬇️ -53.7%

24/4/26 2.70 ⬆️ +38.46%

17/4/26 1.95 ⬆️+41.818%

10/4/26 1.375 ↔️ No Change

2/4/26 1.375 ⬇️ -11.575%

27/3/26 1.55 ⬇️ -1.6%

20/3/26 1.575 ⬇️ -20.05%

13/3/26 1.97p ⬇️ - 17.92%

6/3/26 2.40p 🐈‍⬛ +11.42%

27/2/26 2.15p ⬇️ -2.7%

20/2/26 2.21p ⬇️ -13.7%

13/2/26 2.56p ⬇️ -25.15%

6/2/26 3.42p ⬆️ +0.585%

30/1/26 3.4p ⬇️ -14.5%

23/1/26 3.975 ⬇️ -0.87%

16/1/26 4.01 ⬇️ -20.6%

9/1/26 5.05 🐈‍⬛ +22.4%

2/1/26 4.125 ⬇️ -8.6%

26/12/25 4.512p ⬇️ -1.9%

19/12/25 4.6p ⬇️ -4.2%

12/12/25 4.8p ⬇️ -11.1%

5/12/25 5.45p ⬇️ -22.1%

28/11/25 7p ⬇️ -19.5%

21/11/25 8.7p⬇️ -19.4%

14/11/25 10.8p ⬇️ -47.1%

7/11/25 20.4p ⬇️ -0.5%

31/10/25 20.5p 🐈‍⬛ +18.8%

24/10/25 17.26p ⬇️ -17.8%

17/10/25 21p ⬇️ -35.1%

10/10/25 32.35p ⬇️ -28.1%

3/10/25 45p ⬇️ -56.3%

26/9/25 103p ⬇️ -23.7%

19/9/25 135p 🐈‍⬛ +37%

12/9/25 98.45p ⬇️ -47.4%

5/9/25 187p having reached 213p

26weekly falls ⬇️ 1 No Change ↔️ 3 rises ⬆️ and 4 dead cat bounces 🐈‍⬛

This week, after the near 200% rise, which was driven by nothing apart from sentiment, QDE has lost all of those gains and has suffered its 2nd biggest weekly loss ever and closed at its lowest ever recorded share price.

On top of this the scam that we have talked about on here for months has been spotted by the Auditor resulting in, his resignation, the accounts not being signed off and the inevitable suspension.

Old Egghead, has been caught out in his web of deceit and this may even spell the end of QDE / MAST.

Even if somehow he can get this freak show out of suspension, the damage has been done and it will only be a temporary reprieve before the Administrators are called in.

Still living in Fantasyland I see 😂😂😂

Zen and Zube

Obviously brothers in LOSS

Please accept my condolences.

Z….T..G….

🤣🤣🤣