Member Info for allforprofit

I feel shunned. Why can't I be Plutuq and Phimx also? After all, I have disclosed that I am 1knocker , and only OSD disbelieves me. I suppose mickey fears that if he outs me as Plutuq and Phimx as well as 1knocker, he will be 'exorcised 'by OSD and will disappear in a puff of sulphurous smoke or worse, that OSD will marry him off to someone.

To be fair, there is a third possibility. Gardin does not just 'make it up' as he speaks, and is not taking the p***, but believes every word he says and genuinely believes that the strategies he announces can and will be financed and implemented, and will be profitable.

In that case though, don't we have to recognise that he is an honest, but delusional, nutter?

It can't be long before the next capital raise: look at the cash declared in the last accounts, look at the monthly cash burn, and work out for yourselves the length of he cash runway left. Remember, QBT can't run the cash down to zero before raising. The discount on the next cash raise will seem pretty eye watering to existing shareholders I expect, but nothing like as large as it would be if hey wait until the ash in hand is down to near zero and they have to go for an emergency raise just to keep the lights on.

As to 'trolls', 'bashers' de-rampers' or whatever term you care to use, who has read QBT more accurately, made the more accurate assessment of the credence to be placed in the prospects Gardin has held out, them or the optimists who have taken him at his word?

Sometimes he just seems to make it up as he speaks, or maybe he just enjoys taking the p***. Has everyonne forgotten the last 'medium term' strategy he announced (18 months or 2 years back from recollection) whereby QBT was to design and manufacture its own specialist chips? I pointed out then (as 1knocker on ADVFN) that QBT had no chip design, expertise, no chip foundry, and that it could not possibly be economic for them, starting from scratch to recruit a design team, build a manufacturing facility, and create their own specialist chips (n comparatively small numbers, for a niche application) rather than subcontract the work to a specialist designer and manufacturer. I also pointed out that the CAPEX required to create a design and manufacturing facility would run to at least hundreds of millions of pounds, and the wages bill would also be huge, and would all have to financed before the venture generated any revenue. I pointed out that Gardin had not addressed those issues when announcing that medium term strategy and (my exact words I think) the whole thing was just 'pie in the sky'.

I was denounced by some as a 'deramping troll,' and accused of being on the payroll of a shorting outfit! Needless to say, none of my critics could explain how the venture could be financed, or how it could possibly be an economic way to produce specialist chips, even if the necessary CAPEX could be financed.

What more have we heard from QBT about that medium term strategy? Nix. So was he just making it up as he spoke, or was he taking the p***? Either way, how do you rate a CEO who behaves in that way, and what credence should be laced in anything else he says?

Answers on a postcard please, those of you who regard me (and others who have sounded warnings) as acting out of malice, to damage QBT and to frighten investors out of a golden opportunity to make a fortune buying its shares.

Awl, a good education is expensive. Don't waste it.

Revise your (very sound) resolution from 'over invest' to 'ever invest'.

It is what you get from a company with no achievements to report, which serially teases 'jam imminent', and then moves on to a new teaser, roughly annually, and generally accompanied by the announcement of the appointment of nother consultant from the ranks of executives given their P45s by reputable companies and unable to find further employment.

QBT has been characterised as a 'sucker stock' by Stockopedia for years. It has traded for a quarter of a century, across a multiplicity of fields ranging from swimming pools to quantum computing, the only linking factors being Gardin's assurances of imminent mould breaking success, capital raises to fund the ventures, commercial failure and a 100% record of annual losses in every year since the incorporationof the company over a quarter of a century ago. Although too small for sector analysts or the mainstream financial press to bother with, the FT did an expose of it a year or so back - a public service which may have saved a few people a bit of money.

How many patents applied for, and on what dates, and how many granted?

The patents story makes pretty sorry reading.

Correction: 'So he does NOT do bad news.'

Apologies, peeps.

FG is a kindly soul who hates to disappoint people. He also knows that 'tis better to travel in hope than to arrive. He also well understands the almost infinite capacity of 'true believer' QBT shareholders for the willing suspension of disbelief. Their mantra 'When in doubt, buy more'.

So he does do bad news. Whether it be patents, revenue in 2024, or commercial deals in 2025, he tells you to great fanfare at the outset that this 'der tag', the fruition of all your dreams. And then you hear nothing more about it. After a decent interval, he announces the next 'der tag'. i wonder what 2026's teaser will be? It will have to be corker to top revenue in 2024 and commercial deals in 2025.

A4P - polishing his horns and coiling his tail. Glorious smell of brimstone.

Help! Does ANYONE understand what ' your next' means? My next what?

Have an early night, OSD. Go to bed, clasp your hands across your chest, and get to sleep.

I don't understand a word of that. My next what?

Have you been overdoing the ouzo again? A bit early isn't it?

Just a thought, but if OSD is reading the share prices recorded in pennies in his portfolio account statements as prices recorded in ££, that would explain why he believes he is sitting on vast paper profits. No wonder he feels pleased with himself if, every time he buys anything, he sees the price instantly rise by 100X. I fear it is going to be an eye opener rather than a knee trembler for him though the day he sells. [I haven't heard a carnal encounter described as a 'knee trembler' for decades. I guess the terminology era ties in with the string vests. It certainly takes one back a bit]

Walter Mitty, Phimx, Walter Mitty!

PS Of course we are all envious of you. I don't think you can help much with our maths - your methodology is beyond all of us, but will you at least tell us where we too can acquire string vests, and instruct us in the art of making roll ups?

OSD, if you were to tell us that today is Thursday and someone were to point out that it is in fact Friday, you would hotly deny it and try to 'prove' that you were right all along by thumbing through an Atlas to find the time zone differences page and do a calculation to identify some country where it is indeed Friday - and you would get your calculation wrong and dig yourself deeper into the hole by naming a country where it is still Wednesday!

Time to go fishing?

'Oh what a tangled web we weave when first we practice to deceive', OSD. [Yes, give yourself a Brownie point. Quite right, those are the words of Walter Scott, not mine., and no, I don't claim that he and i are one and the same person.]

Probably best to give the 'reverse engineered' investment tall tales a miss and revert to the fishing stories. Fishermen are wise enough to recount that their record catch was one that got away. That avoids a lot of embarrassing requests for sight of the record fish and queries about its asserted lentgh and weight, which can only be met with increasingly implausible and contradictory answers.

OSD, is that an acknowledgement that my assessment of you, drawn from all the resources available to AI, is correct?

After slapping you down, Christian charity dictates that I should help yu back up.

Google 'the first law of holes'. Read what that reveals, and reflect upon it. Then revisit your answer to my question 'Do you doubt that A4P and 1knocker are two posting names of the same person?' Revise your earlier answer publicly. Then move on.

That will be at least a small step in the right direction toward establishing yourself as a poster whose assertions can be taken seriously.

As a devotee of string vests who communes with the birds, it is going to be a long hard road for you, probably with many missteps and lapses along the way, but take heart: the hardest step to take on any journey is the first.

OSD - vainly trying to get someone, somewhere, to accept him at his own inflated estimation.

Insults are not going to achieve that.

Any chance of him finding a bit of self awareness, or even humility? Not much I fear.

Oh dear.

The risk in making recommendations on BBs is that the wrong people follow them - blindly. I generally confine myself to pointing out the risks in moonshots and identifying boiler room pump and dumps (eg Metals1) and sucker stocks (eg QBT). The stocks you don't buy matter as much or more than those you do to the portfolio bottom line. It requires a 100% rise to make good a 50% fall.

For long term success, sector selection is more important than stock selection. If a sector is on the up, your chances of picking a stock in that sector which will rise are greatly improved. The converse is equally true.

I posted an outline of how I am currently positioned, and what I am currently doing (accumulating income and using market volatility to trade down the capital committed to my holdings) about a week ago. I don't know whether it is still on the board, or whether OSD or some other malcontent has had it removed as 'not relevant to QBT'. That aspect of the way LSE BBs are managed is why I post on ADVFN, where a more general discussion is possible (save on the 'moderated' threads) I am certainly not going to rewrite and repost my broader market analysis here if it has been removed. I will just say that having skewed my weightings heavily 12 - 18 months ago and been vindicated I am looking to take profits rather than add even though that thesis remains unchanged - the easy money has been made, and success has left my portfolio weightings excessively skewed. I regard the markets as heavily overvalued at present, and I have no firm conviction as to which sectors (preferably out of fashion sectors) I should increase my weightings in. When in doubt, I build stong income payers. My biggest new holding in that class over the past year has been AA4 (aircraft leasing), replacing and adding to my sector holding on the redemption of one of the Doric Nimrod stable of similar stocks I hold.

If anyone here is interested in my thoughts on the income sector (and I neither know nor care whether they are or not) they can look up my posts on ADVFN, including those on Prefs and loan stocks (some to be found on threads related to Prefs which I held and have been redeemed this year). For the reasons explained above, I do not post such observations on LSE, merely to have them deleted.

Both on ADVFN and here i look to have a bit of fun along the way. Large Chablis, Suffernofools, Sharetalk, Jamerson and some others have provided plenty of scope for that on ADVFN, and of course OSD here. That 'fun' also has an underlying serious point ,because not merely do they do post a lot of nonsense, they seem to do out of a determination that others should join them in misguided 'investments'. That said, anyone who cannot distinguish between my posts poking a bit of fun and those containing considered thoughts on the merits of specific investments probably should not be investing in stocks at all, and should certainly not be making investment decisions in reliance upon anonymo

UserS, you seem to have hit the nail on the head there. Msuk, I can't really fault your analysis either, though it is maybe a tad unkind to post it.

The poor chap is now communing with the birds, but let's be charitable and put that down to him overdoing the ouzo.

Actually, in some ways he is quite an engaging odd ball. If you picture him in your mind's eye, an old bloke in a string vest and knee length khaki shorts, flask of ouzo in his pocket and roll up drooping from his lower lip, with a sweat stained old Breton cap on his head, labouring to get a kick out of his ancient engine, you can forgive him his lack of self-awareness and make allowances for his yearning to be taken seriously, if only on a BB posting about a sucker stock . Even Stelios probably finds it in his heart to forgive him for filching his diesel - i don't suppose he needs to half inch much, as it is highly unlikely that he can induce that old engine to run often or for long, especially if, as he claims, he has cobbled together a linkage to twin outdrives! No wonder he is recognised by all the locals, who tap their heads and mutter 'the English engineer'.