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Those are fair points , Micky.

What conclusions should we draw from those facts though?

Suppose that I have agreed to drive my wife to the airport and allowed plenty of time for in case of hold ups, but when we get into my car it does not start. My wife calls a taxi, and I call the AA, who say that team will be sent out to me and should arrive very shortly. My wife has a decision to make. Should she cancel her taxi, confident that the AA will arrive quickly and get my car going, and that I will get her to the airport in time to catch her plane, or should she take the taxi?

The 'facts' that the AA has been summoned, that their representative has said their team should very shortly, and that if they do, and can get my car going there will be time for me to get her to h airport to catch her plane (all true) don't actually alter the position one way or the other. They only tell her that although my car won't go at present, it may be got going in time for me to drive her to the airport i time to catch her plane, not that it will be. She will rey upon the taxi.

To apply that to the QBT investment scenario, the 'facts' that QBT has recently announced, even though almost certainly true, constitute no assurance that the kit will work on the rigs or that contracts will follow the trials. That remains equally as uncertain now as did before the 'facts' were announced. Investors have a choice whether to place their faith in QBT or opt for other investment vehicles (just as my wife could rely upon her taxi) and as the new 'facts' are irrelevant to that decision because THOUGH TRUE THOSE FACTS CONSTITUTE NO INDICATION, STILL LESS AN ASSURANCE THAT QBT's THEORY IS READY TO BE APPLED COMMERCIALLY (or ever will be) AND THAT DEALS TO DO SO WILL BE MADE NOW (or ever), those facts do not lter the investment case (or absence of investment case for QBT.

It really isn't complicated, provided that you understand the simple proposition that a fact may be both true, AND irrelevant: Uber will send a taxi if i phone them (true), but so what if I want a plane ticket?

In 2024 the 'revenue imminent' euphoria did not began until about May, and last year the 'practical demonstration and commercial roll out' euphoria also began in about May. So this year, with the rig delivery' euphoria, Spring has come early for QBT.

Perhaps that is a manifestation of climate change or, as the more cynical amongst us suggest, because QBT is already approaching the end of its cash runway. That is an interesting question, but It does not matter to investors which theory is right. All that matters to investors is the nature of the 2026 QBT spring. The 2024 and 2025 QBT springs proved to be of the 'Arab' variety. So far, we have seen nothing to suggest that this 2026 QBT spring will be different.

I had a bit of luck here as I had bought only a few weeks before the takeover offer hit the headlines. Not a huge purchase, as it was a toss up between topping up my fairly large LRE holding or opening a new position. This seemed a solid outfit and pretty cheap (then) so I decided to diversify and go for this.

A very nice, very fast, profit but now I have to look round for siomething else or top up LRE after all. The current rumpus in the Middle East may well throw up some attractive opportunities.

So much for the news and spike this morning. Back to flat on the day and week by close, and 34% down YTD.

I hope no one here was suckered in this morning.

Micky, whichever is thge chicken and whichever the egg, all the repetition drives away many readers - especially those with open minds. It is counterproductive. you ed up with an ever reducing number of mainly strongly polarised people talking only to each other.

Taking a week off now and then wuithout even looking at the board is refreshing.

Micky, tot up how many words you have posted here and on the ADVFN QBT board this week, nearly all of them (save a few posted on the ADVFN board on the subject of metaphors) repetitions, for the umpteenth time, of observations you have posted many, many, times before.

Your time on this earth is finite. Is this really the best use you can make of it?

It sounds to me as though a lot of money has been (and perhaps is still being) wasted on hopeless patent applications. Applications which elementary advice could have ( and perhaps did) show at the outset were hopeless.

My understanding is that the concept was finalised many moons ago, and that since then QBT has been working on its application. Can anyone tell me roughly how much has been spent on patent applications, and what progress has been made with those applications?

Are the patent applications even still being seriously pursued? I have a vague recollection that Gardin said some time last year that QBT was now looking toward protect of its knowhow by the contractual rather than the patent route, as a 'trade secret'.

For local pottering on my own I have a Gull .I learned to sail in one as a chilkd, and have had one amongst my fleet ever since. It does unaccountably seem to get heavier to haul up the slipway with every passing season though ..... Being ferried out and back from my boat on a mooring by a boatman in a launch has its attractions. and is more becoming to my advancing years.

The Lister is a good little engine and should get you a few points in the prix de concourse - not as many as a century old semi-diesel though, I am afraid! That would have been a show stopper. Listers ares imple to work on, and will probably last you longer than anything you can buy new today, provided you can get parts - not that its parts fail frequently.

In my experience the real fun with engine installation is that the boat becomes a different shape afloat from ashore, which is a real problem if the stern tube is long.

Happily, I am now engineless, so I only need exercise patience (or wave a bottle at a passing boat undeer power) when the wind dies rather than mechanical skill.

I traded in and out of QBT a couple of years ago, and carelessly retained a few on my (intended) complete sale - fortunately not enough to count myself as 'invested'. This is a hobby company, and I reckon it is a busted flush. The words which should be reflected upon b anyone thinking of buying (or holding off selling) are Gardin's own words 'No one thinks that what we are trying to do is even possible'.

I envy you the sun, wish you luck with the boat, and look forward to hearing that you have become the second boatbuilder in recorded history (after Noah, who had an incentive) to launch on time.

OSD, another centenarian hot bulb semi-diesel, I assume?

Yes, OSD. The snowdrops are out and the odd daffodil, but best of all my crocus patch is showing sins of life.

I wish it would stop raining though so that I can get in some 'painting and decorating' on the boats. It would e good to be afloat for Easter, but that seems optimistic at present.

Congratulations on forcing yourself to continue taking at least a cursory glance at this board now and again. There are a number of incessant posters who could save themselves a lot of time and readers (whose numbers must be diminishing with every post they add) a lot of boredom if they just posted 'see my last year's posts' rather than repeating them.

Remember Micky, when Gardin trashes QBT' credibility by making wild assertions in. 'promotional' interviews it is the existing shareholders who suffer. The damage to his and QBT's credibility makes it even more difficult for QBT to be taken seriously by potential customers and partners , deters investors and depresses the SP, and makes it more expensive (and dilutive) to raise further capital.

Micky, you seem to be saying that Gardin can an make up and assert anything he likes in interviews? Surely, when 'promoting' QBT to the world at large, whether in an interview or in writing, in he should be honest, and go no further than he legitimately could in an RNS?

It is not even good promotion for QBT or its tech for its CEO to assert an expectation of imminent revenue , and then to confirm that it is 'on track' to do so when, as is now clear, there was no such realistic expectation. At best, there was a wild hope when he first asserted the 'expectation', and by the time he subsequently re-asserted it and gave his assurance that QBT was 'on track' to fulfil the 'expectation' of revenue I can't see (in the light of later events) how that can possibly have been his honest belief.

Giving Gardin the benefit of every doubt, he plainly fell short even of the standards LSE imposes for posters on its BBs, for alleged speculative, non-fact based, breaches of which you excoriate other posters.

Can you not see your own double standards, or the damage Gardin's wild, unfounded, 'promotion' (as you describe it) does to QBT's credibility and standing?

Phimx, its not the fault of Gardin and his team. They wanted to go, but QBT's funds are running low and the airlines and hotels wouldn't give them tick or accept share options in lieu of cash.

Micky, just substitute 'positive' for 'negative', and you have given a very fair description of your posting history!

A blueprint every ramper should keep to hand.

Is this a private brawl between the half dozen people still posting here, or can anyone join in?

I suppose I am too late , if the pleas and counter-pleas to the referee to disqualify the various protagonists are upheld.

Micky, you managed to go 48 hours without regurgitating stuff you have already posted umpteen time s before before relapsing. That is about a 40 hour improvement, so well done. Now see if you can manage an entire week.

Micky, if you have nothing to say which you have not already posted at least 50 times, why not take a break? Who knows, a week's quiet reflection might even give you some new insight worth posting.

'You said', 'No, I said' 'Yes you did' 'No I didn't and you are a basher and a troll. I am telling on you to teacher'. BORRRRING