Member Info for Arps

Agreed... IMO the RNS is just a waste and is more of a confirmation that not a lot is being done elsewhere... whatever happened to, and I quote from the VOX podcast on 19 March:

'in terms of production, that is the easy part, WEEKS, we have a facility in Serbia as you probably know. We are just deciding which machine to place there, replacing the existing machines and which currencies to mine'.

In my opinion, with no tangible news this is going to continue to drift down until around 0.004...

At 0.004 the market cap will be circa £3.5m against my estimation of the net book value which I estimate is circa £1.5m.

The £2m above the NBV is the hope that the company can pull off the R&D and that in a few years there might be a court case paying out.

It is crazy what has happened to this share in the last 6 months - remember it was sitting at 0.002 in December, what has really changed since then other than a name change, 2 x placements and hiring a consultant who knows about cryptocurrency.

This has been a 22 x bagger for those who bought in 6 months ago at 0.002 and got out at the height of 0.044

Everyone else has likely bought a falling knife

He can exercise his warrants at which point the company gets 2m and he gets 100,000,000 shares.

If the share price is say 4p and JS sells 100,000,000 shares then i guess that this will drop the share price.

If he does do this then he isn't then going to want to sell the shares for less than 2p... so I guess investors buying in at the current level have no real fear in this regard.

Really good point notready... noted...

''New consultants, with stock options awarded yesterday exercisable at 5p, will have been made insiders. As I said below, they would likely expect to see an SP of 10p or there is nothing in it for them.''

Not necessarily ... for example if the stock option was just a proportion of overall remuneration then that may not be so good.

It would be good to know where the £1.6m placing is being spent...

Do you think the 10m stock options are in addition to consultancy fees... or do you think that this is the consultancy fee?

Hi All - Very new to this share and having read the latest financials it all looks pretty good.... is there any skeletons I should know about?

A very well written post Quant and certainly gives food for thought...

the big question is 'if' and more importantly 'how'

The market is desperate for a strategy update on how this is going to be achieved... with this the share price will be driven by sentiment to deliver short term returns to investors - delivery of the strategy will obviously take this share to the moon...

Also, will FG be able to deliver this without any further dilution and with circa £2m WC?

... is that the best you have? silly threats on an anonymous board, where you remain anonymous... ?

Truth is a lot of people have been burnt by this share which is still over priced...

Once again, why do you think it is worth £12m?

Another sentimental message with no facts...

Talk about facts and why you invested and what value you put on those facts...

For example... Do you value FG's intentions that he spoke of in the interviews at £12m, if so why? What experience do you think the BoD have to bring the intentions to market? etc etc etc

No point bashing people for having a view that differs to yours...

Eddie - Its of little consequence whether or not i state my position... this is an anonymous message board and i could be bear, bull or just a frustrated investor - who cares..

Lets discuss facts - what is the upside here and why do you think this is a positive... let's talk book value and the experience of the BoD to deliver quantum computing... sentiment is for gamblers.

My concerns:
1. FG is retirement age and this appears to be a one man show with very little in the way of succession planning.
2. The market cap is £12m while the current book value is pretty much nil/ negative, therefore the value placed on FG's interviews and a positive outcome at court is £12m.

In my opinion, the monies from the Spiem claim are far from guaranteed and the market has placed too much value in the interviews given by FG - the true value of QBT should be around 0.00416 per share - this would give a market cap of circa £4m

To quote FG:

'in terms of production, that is the easy part, weeks, we have a facility in Serbia as you probably know. We are just deciding which machine to place there, replacing the existing machines and which currencies to mine'.

Not sure why we haven't had an update yet? I did send an email a few weeks back but got no response

Tweet is a load of balls, however, it is a little strange how the SP has hardly moved... I would have thought that the independent expert would have presented the evidence by now and someone would either be loading or off loading accordingly...

I may be just cynical, but this is AIM...

We are still up over 100% from where we were three months ago and a 6 x bagger from where we were in December... imo this share is doing really well considering the dilution at 1p...

It still has a nbv of pretty much zero, given the negative equity of £1.2m at the end of 2019 and the +£1.68m placing, yes there is a difference of £480k but that may well have been wiped out by running costs for the 17months since the last financial report.

The Spiem claim is valued at £680k in the financial statements, if this does pay out at the maximum £7m, then obviously this will be a huge boost. The NBV of the company would then be around £6m with a lot of cash to play with, but with a market cap of £15m at the current share price investors have already placed a very high value on the interviews given by FG.

Why raise £1.68m via a placing, when there is a court case imminent that could pay £7m? I would suggest that not everyone is confident on the outcome.

For new investors this company needs a clear RNS statement on strategy asap... old investors are quids in with the recent opportunity to exit

Like many other investors that have bought in over the last few months I am also a little underwater.

On the VOX podcast of 19 March 2021 FG stated and I quote:

'in terms of production, that is the easy part, weeks, we have a facility in Serbia as you probably know. We are just deciding which machine to place there, replacing the existing machines and which currencies to mine'.

I am not sure whether this is still happening?

Bluepanther - You seem pretty desperate for people to buy into your opinion... why the CAPS?

Didn't see the telephone number - I might just give him a ring...

Has anyone had any success in emailing QBT and getting a response?