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Suthy, I am not saying we can't get news that sees the SP going to 5p+ by mid August. It still might but why then has FG opted for 30 September? It doesn't make sense to me! I would absolutely love it to pass 5p by mid August myself but for various reasons, I am not expecting this. ATB
Thanks Addisonshare. I sent a reminder to the info address at 10:16. I expect they may well forward it onto the broker - if it is not done automatically. One thing I picked up is that we are using more PRN than RNS newswires. Panther Securities are getting more and more of the business. 29 PRN and 16 RNS issued here to date. Could be something to do with not getting RNS news on this site?
About news/lack of it; I tend to work backwards with any news as this will be the most recent, and therefore should be the latest. So, the latest was on 1 July 2022 with the news on FG’s REPO. I am hoping that 30 September has built in a measure for slippage since FG does not control the SP. Also, this is in relation to buying back his shares at 3.115p. So, I take it FG is now thinking just over 3p in September. Hence, I no longer see 5p+ by mid-August 2022 for the expert’s 5p options as the latest info. Sad but I tend to think more realistic.
That leaves everything else still in play with the 7 goals previously announced. Development means things/priorities change so nowt is set in stone. Still holding/buying as I see the risk reward is still massively in favour of reward. GLA, 600
Still waiting on a reply to my email on Friday; I have to say, I’m a tad disappointed as this could be the second with no response. I didn’t think they were difficult questions to answer, or ones they couldn’t unless they are not happy with asking about the expert’s the one-year service agreement. Ho hum, might send a reminder. GLA,600
PAS14, it seems to me we are getting some very frustrated posters here of late and that is on top of the idiots every board attracts. Does the frustration stem from investing their hard earned without appreciating the risks? Some just won’t see what is in the RNS’s, so how on earth can they make a reasoned decision regards their investments.
Are some peeps running out of patience or clueless in the first place. If they have lost faith, I would expect them to sell up in case the SP drops like a stone, and they can’t get out.
I am all in but I can weather the loss if this sinks but I still believe in FG and the teams. The risk/reward is still there based on the official news we have had. Maybe some need to go back through the RNS’s with the news we have had and then decide if they want to stay or sell. Each to their own! ATB
22Starship22, anybody is free to ask whatever they want so you could email the company and ask your own questions. WHy would I ask a question that FG has already answered? On 23 May he said “The complexity of the task makes predicting the timeframe for publishing new results and operational updates difficult. We have over 20 world-class experts working in our R&D team to achieve these results. We will endeavour to communicate more frequently with our shareholders. We strongly believe that our efforts are taking QBT into a new direction of Bitcoin mining and ask for shareholders’ patience until these efforts are rewarded by success.”
Constantly posting your dissatisfaction does not help the SP. I had a little top up this morning. Unlike some here, I have a more tolerant time scale. I take it that FG does not yet have the news we all want. He’ll announce it when he does. FG does not dictate the SP. News, good or bad, can influence the market and hence the SP. For me, he’s saying be patient, shareholders will be rewarded by success. They have not reached that yet.
Another whoops, just corrected the dates to read 15 Feb 2022 to 15 Aug 2022.
I just sent the following email.
Good morning, as a PI, I can accept we could have some slippage. It seems many PI’s are of the opinion that no news before 15 August 2022 spells disaster.
Can you please advise if the one-year service agreement with a UK based international cryptography expert whose specialism is cryptocurrency mining blockchain optimisations has been extended? (RNS on 2 June 2021 refers).
The same RNS announced the share options for them with an exercise period of 15 Feb 2025 to 15 Aug 2022. Can you please advise if the options period can be extended if the SP does not hit 5p by the expiry date?
Can you comment on whether they are on any retainer/salary or are the options their only remuneration/reward?
I will update if/when I get a reply. GLA 600
WillIwontI, no need for an apology. I was just at the hospital having my eyes tested so using my phone which even at the best of times ib not ideal.
I see a potential with the quantum computing side of R&D going for 4 to 5 years. So, assuming we keep coming up with developments (ahead of cometition), I understand the layered approach with the options. I would like to know if there is a condition that the options are only available if they are still on the payroll.
The secrecy over tyeam members is a pain in the butt but 1) I trust FG and 2) publishing names could lead to poaching the brains. Not a good idea. ATB
I think the only info was the RNS on 18 August last year so it’s collective. Other than options for FG himself, I don’t think we know the names. Warrants as per John Storey was a different thing altogether. The names of the team are a closely guarded secret which I have mixed feelings about. I’d prefer to know who the team members are!!
As far as I know, the only options that expire next month are the 10m for the expert which are 5p. Anything north of 5p after then would mean they could make some profit when selling - at any time after the purchase. I think, so not sure, that these options are in lieu of a salary for the expert so a massive incentive. As always, happy to be corrected.
In the meantime, the sells this morning suggest someone/peeps are getting cold feet. IMO it’s too early to bail out but then I acknowledge the risk here. Two board members and 20 unnamed experts is a risk! GLA, 600
Rockford, apologies. I was not intending to mean the REPO and the share options are the same, they are clearly not. Options are new shares - if taken up. My point is focused on the timing of things. Absolutely agree on 30 September being pivotal if no good news lands before then. Time will tell, any further delay will almost certainly mean holders start to sell in which case, that is likely to drag the SP down. ATB
At the risk of upsetting some here, I really don’t understand why some news is accepted and other news is not. The news of FG’s REPO included a new date of 30 September 2022. And the repurchase price was amended to 3.1125p. That does not seem to support the 5p options for the expert expiring in a month’s time. There is also an anomaly there with other staff being awarded 5 and 10p options with exercise dates up to 06/05/2026. With that RNS, on 18 August 2021, FG said “We are extremely pleased with the high standard of quality of the Company’s R&D team and management, which is going to be a key factor in reaching positive R&D results in the short, medium and long term. On this note, the Company is happy to share risk and potential high returns with them.” So, is he meaning short term is 06/05/2024, medium term is 06/05/2025 and long tern is 06/05/2026? I think September 2022 is optimistic, but August 2022 is not on the cards. Love to be wrong! GLA, keep the faith or time to sell? 600
Layla1, I get peeps frustration. I'm not sure it is down to trading this share though. Personally, I think of trading in the context of day trading so there is room to differ. I also think many are taking their interpretation of times as gospel. I agree with your comment "Of the companies I've invested in that have come good, not a single one has delivered within the timeframe proposed." I've lost count of how many times I've said slippage here. I'm hoping too that FG's REPO date of 30 September has allowed for some slippage. ATB
Quiet day here today. Nothing much to report but interesting to note the posts that get recommendations and compare those that don’t. Question, why do some that really should not get a recommendation do get one, or two? Could this be a sign that they have other accounts and recommending themselves? Enjoy your evening genuine posters/holders, 600
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FG’s own area of expertise is AI, hence to breadth of our R&D? I like the 7 areas the teams are working through. Happy days to come but, IMO, the full benefits will take years. The first steps are what we await news on. IF, the goals start to be proven, where could QBT head. Who will want in and the real question, what will our value be? GLA, 600
Beware of any poster talking about dilution. IMO, there are ways to talk about this without scaremongering. A certain ‘B’ poster yesterday set off on journey to get anyone to sell on the basis that dilution was around the corner. Others have raised the same issue without the need to scare peeps. I, for one, pointed out that there are 237.5m options outstanding. To me, that’s a pretty significant percentage but this can only happen if the SP hits the 5 & 10p mark. MC therefore up significantly so the dilution effect is reduced. Another point to make is that brokers are paid by the company and so are paid to convey the party line. Biased? As some keep saying here, ignore and certainly don’t waste your energy/time engaging with them. Sit back, watch and wait for the news. GLA, 600
22, I sure hope so too. I’ve threw the kitchen in with this on Monday - a nice designer one as I see the upside. If QBT doesn’t come good, I’ll be as sick as a parrot but it won’t kill me financially but I won’t he helping my kids/grandkids out as much as I’d like. ATB
I rather think that FG is lining up a few ducks for a blockbuster RNS. Some of this R&D is intertwined. I’m certain he is more than aware we need to announce this asap but I also believe he is also aware we need to get it right. GLA, 600
Saying “in a position to start mining” is not the same as started mining - IMO. But that was on 23 May!
Good morning peeps,
Quite a lot of posts yesterday on the need for news. Maybe some are not reading the RNS on 23 May the same way; there is room for different interpretations. Difficult to write a full proof announcement?
“During the next two months, the Company is aiming to get ….”, for me the key word is AIMING. I take this to mean that during the next two months is NOT sacrosanct, it could take longer.
There is no question, a lot of avenues are being explored with our R&D. REAL time bitcoin mining with one avenue and EXPERIMENTAL mining with another, is complicated.
For me, the final paragraph in that RNS is key. “The complexity of the task makes predicting the timeframe for publishing new results and operational updates difficult. We have over 20 world-class experts working in our R&D team to achieve these results. We will endeavour to communicate more frequently with our shareholders. We strongly believe that our efforts are taking QBT into a new direction of Bitcoin mining and ask for shareholders’ patience until these efforts are rewarded by success.”
For me, nothing suggests the news we await is not about to drop so it is not a time to consider selling. Buying at these prices is IMO, a thing to do if you have the funds and the appetite for the risk. As always, this is only my opinion (what do I know - nowt!), DYOR but GLA, 600