PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Addisonshare, QBT elected 31 December as their year end so they have until 30 June to file the return. Some companies choose to add a section in their report to update shareholders for the period after their year end. As Suthy said, testing is not complete and so I too don’t expect any news on this front until after the testing is done. ATB
22Starship22, agreed; the court case can only be a fraction of what the right news will bring. TripodMan, "I wouldn't trust you to sit on the toilet the right way round, sunshine." That put a smile on my face. Thank you both.
Under 3m traded today with just 27 transactions. Amazing how touching 2.0p and a buy of 1m sparks up a bit of excitement so imagine what the excitement levels will be when we get some actual news. Some here have commented that FG sometimes has a blockbuster RNS. With so many areas ripe for some news, maybe the next RNS will be THE ONE that sets us on our journey. Top of the risers, FOMO, and II’s piling in. Back to ground level. All in good time. Patience! Surely, we will get the Final Results this week but hopefully a lot more. GLA, 600
Good morning Suthy, as usual you make another great point. When, not if, we start mining bitty commercially, as opposed to experimentally, if bitty flies, we should fly too. My cautious side (my head - not my heart) needs to say should/if. If that happens, my kids/grandkids will benefit from the life-changing hopes I have here. ATB
Just to add another of my reflections: Although we are looking at a wider use of technology, IMO, until we get news on these, we will be tied to bitty with all her volatility. For me, that means uncertainty. I see the potential of Web 3.0 and in particular blockchain. Bitty could be a bonus, but there again, it could be a curse. Depends when peeps need to sell their QBT, I'm waiting for Web 3.0 develeopments but I will top slice if the price is right (20p +). GLA, 600
I too would like some solid news. I’m fortunate to be able to pass on the need -for now, despite being over £20k down. Whenever that news arrives, I do think it will propel the SP northwards. How much depends on the extent of the news so it’s a guessing game at the mo - IMO. With the right tailwind, hoping we might see £1.00 plus. However, I try to be a little bit cautious to avoid disappointment. Interesting, and exciting times ahead. GLA, 600
Some great posts here this week. With last year’s final results being published on 25/06/2021, I too am thinking this year’s results are imminent. I am also thinking FG has a track record, I would happily describe as frugal. Coupled with some nice receipts courtesy of the likes of John Story et al, we should still have a healthy bank balance.
Previous results were announced for CLP on 20/10/2020 with an explanation as to why they were late. FG also wrote “2019 saw the Company shift its focus towards new investment opportunities within the technology sector and to date, we have made several such investments. We remain committed to returning value to shareholders as our ultimate goal and remain positive on two fronts; firstly that our technology investments are considered sound, and secondly, that our ongoing legal claims have strong merit for success.”
We know that the last date for any written response with the Sipiem Court case is 24/07/2022 with judgement being made before the end of the year. That could/should add a few million to our coffers.
The RNS on 05/11/2021 contained a mountain of information including “ASIC programming will start this month, and we estimate that by the end of Q1 2022 we will be able to announce when the first batch of prototype chips will be available for in-house testing. Following the completion of testing, the Company envisages that chip production, for QBT’s own use, will commence by the end of 2022.” I have always thought it is prudent to allow for some slippage.
So, although we await news on some major innovations, I am not expecting the SP to reach its true potential within the next year. However, prudence is king (not Elvis today) and I do believe we will see the SP multi-bag this year. Asking by how much, or when, is impossible for me to answer. It is dependent on: -
1) When results of our innovations can be announced (commercial secrecy/patents)?
2) How good the testing results are?
3) How many/how fast/how green we are with mining our own BTC?
4) Who we have agreements with and the all-important terms?
5) The current economic climate means the whole cryptocurrency world is going through a new era. I never believed the historical cycles were a guarantee for future growth. Survivors will look for the best out there and I do believe QBT could be ahead of the pack. It is the commercial secrecy/patents that causes me some concern, so time is of the essence.
6) In time, someone else will come up with the next generation of technology, blockchain for now should make those invested a handsome profit.
7) I’m not sure if I dread the thought of a takeover or not; I can’t see FG/Shareholders selling at a stupid price but I can see we will be attractive to the big boys.
The above is not a complete case history, others will have their views too, this is merely my opinion. What I will say is that if we see 20 to 25p this year, I will top-slice. All IMO. Please DYOR. Have a great w/e and GLA, 600
All in again so nothing to sell to buy more QBT. It's a waiting game now but obviously I would not be all in, and short of funds, if I was not happy with the risk/reward scenario. Be nice to get some news soon that propels us north. As someone said recently, FG tends to do bulk news (not against this approach myself) but it does test some peeps patience. GLA
As per my post just now, here is the thread I was talking about. Happy reading, GLA
Good afternoon peeps,
Evidently, I have not been posting much of late, returning yesterday for the first time in weeks. Whilst crypto itself seems to be floundering, not for the first time I might add, the believers, and non, would do well to go back to 1 April and read the posts by RKBeekeeper. Having read many of his posts on other boards, I like his style and believe what he says.
Positivity and patience. This will take a while longer but IMO, it does have the credentials to multi-bag at some point, it may well be this year. I will continue to buy back as and when I have the funds and the price is tempting. GLA and enjoy the w/e but please DYOR. 600
Good morning Suthy, Agreed, this is a great board. Best way to realise this is to compare it to ARB; absolutely awful now with the constant posts from shorters. Also agree we need to give FG time, as always - PATIENCE. Chill out or run the risk of becoming a patient with getting stressed.
Decided to sell more ARB yesterday and made another top-up here - just before the bell. So, I for one are more confident. Also reminds me about Sepiem. Last date for any written replies is 24 July, so just hoping another defendant doesn't drop dead before we know what the Court orders. By the end of the year we could (should?) have a few extra millions coming our way. By then I do believe the SP here will be multiples of today's.
All the very best and GLA holders here.
Good morning peeps. I’m still holding and still buying a few at these crazy prices. That said, I did sell a hefty load a few months ago. Nerves/over-exposed!
Old news now (12 May 2022) https://www.dwavesys.com/company/newsroom/press-release/d-wave-deploys-first-united-states-based-advantage-quantum-computer-accessible-in-the-leap-quantum-cloud-service/ contained this paragraph: D-Wave announced in February it has entered into a definitive transaction agreement with DPCM Capital, Inc. (“DPCM Capital”) (NYSE:XPOA), a publicly traded special purpose acquisition company. Upon closing of the transaction, shares of D-Wave Quantum Inc., a newly formed parent company of D-Wave and DPCM Capital, are expected to trade on the NYSE under the symbol “QBTS.”
Two Q’s for me, How come FG is allowing this if we are not involved, and how did he choose the 15th of August 2022 for the expiry of the expert's 5p options? I share the mindset that bitty’s recent crashing could, and I stress could mean we are exceptionally well placed IF FG AND THE TEAM SUCCEED. Not forgetting the wider applications of all the work, the team are undertaking. It’s not just about bitty!
My present holdings here would be life-changing at 20p but I would like 35p - by September 2023. No predictions here, merely personal aspirations - too many unknowns! GLA
Hi Suthy,
I'm hoping all is well with you. Whilst I would rather they produced the goods yesterday, I accept it is a difficult batch of projects. I would rather they did not rush and bodge it. God forbid it takes longer than August 15th! If it did, I think as the gentleman that FG is, he would offer the expert more options at 5p! I definitely do not think this will be necessary and the SP would slip, if it did. That would not be good for our sentiment! I i'd love to know what his timeframe/plan is based on. ATB
Good evening all, I hope you all had a great Easter break. Everyone deserves a good rest! BUT, I wonder whether FG and the team, have been beavering away in readiness for an RNS tomorrow? Curiosity killed the cat, but we are more than two months into the options period for the expert's 5p options and 15th August will be here before we know it. Anyway, just curious, recharged my patience now. GLA
Quantum, Blockchain, Technology. Much more profound than IF, IF, IF. The if’s are of course relevant for me. They encompass the risk. Quantum - that is about speed. Blockchain - that is about data. Technology - is about development. Also, when FG said “10x, 100x, 1000x faster” and “faster than anything on the planet” what does it mean? Not just the speed of the processor! It is about information and information is about power. The faster we can process data and analyse it, the faster, business and in particular, retail can respond. That means better profits.
For decades, supermarkets worldwide have been analysing what we buy, and loyalty cards are the key that opens the door to gathering more data. So, when Tesco hike their price for cream cakes but then sends me a coupon offering 25 extra points, I think that’s another 50p off my phone bill - I’m up on the deal so I’ll buy. Then when they send me an email saying by the end of the year my points will no longer get me double the money, I’m very hacked off. My nice new, top-of-the-range iPhone might not be for free. All a bit personal; about my penny-pinching.
BUT I think it demonstrates the power of information and the very wide applications, yes multiple, of what FG and his team are developing. It’s not just about mining bitcoin. Web 3.0 reaches just about everywhere from banking, gaming, cryptocurrencies, medical, cars, and phones. You name it, technology is there so for me, QBT has massive potential. On top of bitcoin, chuck in EVERYTHING.
I’ve been wrong - many a time. No sign of John Story selling yesterday. The above is merely my opinion. There is no substitute for DYOR. GLA patient holders.
I’m not sure too many here understand the benefits of ISA’s and Bed & ISA. Bed & ISA is offered by some brokers where they sell up to £20,000 of shares in your trading account and immediately buy them back in your ISA. Immediately can mean seconds but I have had it take nearly 30 minutes. With volatile shares this can see the SP change significantly where you can gain or lose. It is not unheard of that the spread and delays see a loss of 10% of your number of shares held - personal experience. I have equally sold, waited the two days, and transferred the cash to my ISA and bought back and gained. I would not entertain this when waiting for game-changing news - too risky for me!
Another point is that at this time of year, brokers are exceptionally busy and can take days to carry out a Bed & ISA. I would not expect these buys (Buy back to have any material effect on the SP today. More likely John Storey will be selling his 17.5m shares so, I expect the SP to drop. Been wrong many a time so please don’t take this as advice - merely trying to help those that don’t know. GLA patient holders.
P.S. Great RNS but it seems FG is lining things up to take a couple of years rather than this week.
Re. "Anyone have a realistic price if test result is positive ??" I find this a totally impossible question to answer because there is nothing to compare QBT to as FG has taken a very wide approach. IF we hit 17p by August I would sell my QBT in my Trading Account and this would enable me to reduce my mortgage, clear loans, save a fortune, and still keep my ISA intact for any really big price (£1.00 +). No harm in dreaming, but maybe it is not too unrealistic. GLA patient holders.
@rockfordfiles, thanks I did see these, and the other biggies. IF they are the forward selling by JS, I am surprised as they are due to be traded from tomorrow. As I said, I don't know the rules on reporting forward selling but come down on the side they can only be reported as per the RNS on 31 March, "It is expected that Admission will become effective, and dealings will commence at 8:00 a.m. on or around 6 April 2022."
@ RB2021, great post, particularly “QBT really is different. I think of it as a combination of a companies like Argo and Bitmain. It is a company who plans to mine bitcoin for itself but also potentially sell mining ASIC to other mining companies as well. When we mine bitcoin we could essentially use our own mining algorithms and ASIC with our own supply chains, which as far as future expansion goes is a very strong position to be in. As for share price, who knows. Ideally, we will have a bullish crypto market and again, with Bitcoin hitting new ATH but more importantly the calculations to be confirmed by QBT on just how good (or not) our product is.” The problem I have is that there is so much that we don’t yet know. We might not need all the patents filed, but testing completed and verified are key IMO. FG has done a great job of lining ALL our ducks up and preparing the field but has yet to announce the results that could send the SP developing into a life-changing price. Will we be better than the competition? We must wait and see! Likewise, we don’t know everything the competition is up to, so there are risks. It is a race, and no news can make the wait tricky.
Meanwhile, today’s drop may well see a further drop when JS starts selling his 17.5m shares from tomorrow, I’m assuming they have not been forward sold but I am unclear when that happens, what is the date they must be reported - the transfer date or agreement date. ATB
Intel Launches New Intel Blockscale Technology for Energy-Efficient Blockchain Hashing. Intel announced details for its new Intel® Blockscale™ ASIC. Building on years of Intel research and development (R&D), this application-specific integrated circuit (ASIC) will provide customers with energy-efficient hashing for proof-of-work consensus networks.
https://www.intel.com/content/www/us/en/newsroom/news/intel-launches-new-intel-blockscale-technology.html#gs.vrn7v8
https://www.intel.com/content/www/us/en/newsroom/new-technologies.html?filters=[-7300596454,-3114162838]#gs.vrrlw0
Who will we be climbing into bed with?
Whoops, should read 18/02/21 in the first line of the third para. Apologies.