RE: QBT Residents28 Aug 2025 09:45
UserSteve has helpfully drawn our attention to QBT's objective:' a long term strategy to deliver shareholder returns'.
Gardin has been CEO for most of the company's existence, and still is. The company has raised mant millions of shareholder capital, it has delivered 25 unbroken trading losses, and its market capitalisation is now only a small fraction of the equity capital it has raised over the years. Gardin's receipts from the company over that period (in performance bonuses, as well as salary and consultancy fees) runs into millions.
There are many very satisfied QBT shareholders posting on this board. They are delighted with the shareholder returns QBT delivers, they credit Gardin for the success of QBT in delivering upon its long term strategy of shareholder returns, and consequently regard an assertion that Gardin has operated QBT to his own rather than the shareholders' advantage as untrue and libellous.
If that assertion is untrue, it is indeed libellous. The question, therefore is: 'Is it true?'.
The payments made to Gardin,d(irect and indirect by way of consultancy fees for his services paid to his company) are a matter of record in the QBT accounts over he years. In aggregate, they are indeed substantial. That is one side of the issue.
The other is net shareholder return in excess of capital subscribed for the shares of QBT in issue. That will include the 'hope' value of a return on QBT's R&D, which is presumably reflected in the current SP. Could someone calculate that net return enjoyed by the shareholders, please?
It would also be very instructive to see a calculation of the total expenditure to date on QBT's tech, on its marketing, and on the running costs of QBT since it embarked on the venture ,in about 2021,I think. That will tell us the sum QBT needs to make on the commercial exploitation of the tech before it shows a profit on the venture.