Member Info for Blueyonder007

You know what Tripodman I know you're not sincere in your apology.

But I do respect you for knowing who Warren Buffet and Charlie Munger are. Because truly I lost all hope in investors on here.

Do you think they would have invested in QBT? I'm pretty sure not. But I have deviated slightly from their philosophies.

Not when they started duh.
And now they don't make most of the decisions. Simply put age catches up to even the greatest of them all.

I will write it on a toilet paper for you guys. That is the only place you'll use it, since you both have no common sense. Out of interest during lock down were you both stockpiling the toilet paper?

I know what you mean it is a bubble at the moment in crypto.

Astounding that some altcoins have higher market cap then some world banks. Even though they can't be used anywhere.

The problem is people read about 1% of people that get lucky and make millions and they just all jump into the back of the wagon with no breaks. That was me when I was 18 and I learned from these mistakes.

People on here are like trees. Take forever to grow up and just before they do they get chopped off and sold to China.

If you guys can't accept an alternative view point and debate, then don't resort to name calling.

I guess that is the level you get in anything crypto related. Probably my last venture into this type of investment since it attract such investors.

For the last time. I believe the price will rise, but not overnight and not to the level people on here preach unless they can start making money.

I am still perplexed why they have not applied for innovate grant from the government to help cash flow.

I didn't put all 2% into QBT
I have some in Vow asa, so Chaarat gold, react group and rivian (which I consider a punt no sales etc).

I always do due diligence before investing and from memory the combined age of both directors is over 140. So they are not the future of this company whatever way you look at it.

What's wrong with thick custard?

I am providing an alternative view point. You don't have to agree with it neither anyone on here.

I have been investing since I was 18 and have made a few mistakes early on. But now I am in my 30s and have done quite well for myself. The reason for that is that I don't put more than 2% of my investments into what I call punts. And there are a few that have worked out and I have a few that have not.

My worry is that a lot of people on here sell an idea that this could be the next arb or tesla etc. What if because of these people someone invests their life savings? There is a chance they may lose all of this. I have invested at 1.56 so to me the risk is now lower than for them.
By all means invest but know that this is high risk. Have you not seen their balance sheet?

If by doom and gloom you mean that real change in price will only happen next year. Then yes, I am still here

Guess I was right but no one will mention it here. Like I said real price movement will happen after Q2 next year. If anyone says otherwise they have a hidden agenda

I do have to say I like this company. I have been invested for a while, although not a lot £1k only. But I do like the look of their balance sheet. Could be a nice little defensive stock.
Based on my cautious calculation the fair value should be £0.1

I am not a troll and the company is at the moment overvalued. I don't see what this has to do with the share price? To me even Tesla is overvalued, that didn't stop the share price reaching the heights it has.

I agree with Invst21 that it is a long play. It will probably only reach 4p early next year and by Q2 we should know how they are planning to make money at which point there could be significant price movement and is a good point for everyone to re-evaluate whether this is a golden egg or not.

Lol. Yeah I'm the unkind one because I called you a rat? Interesting thought.

The irony is on you my friend

Can't say, but will honor my word and sell if it reaches 4p. In fact I will be very surprised if it reaches 4p by end of December.
Don't get me wrong, I do want it to do well because I'm invested in it. I just don't see it hapenning as fast as some people on here believe. Randomly saying things like 5 to 6p before December etc. Based on what?

FTH basically filters anyone he doesn't agree with typical. What hapenned with some debate?

I had a look, you were also ramping up cineworld like this and it fell flat.

So if someone on the street walks up to you and says I have an idea with no income, some R&D and one patent pending. What will you pay me for this? Are you going to say £20 million? You are all delusional. You may take a punt but with not all £20 million.
Tesla was started by engineers and had funding. Plus Elon Musk is a visionary that people can relate to. Does Qbt have a visionary like that or crypto experience? Not really, in fact the directors are quite old.
In the short term (1 year) I think the share price will do well because of hysteria surrounding crypto and people looking to get rich quick but it will fizzle out. The tech is interesting but there is only so much bitcoin that can be mined.
I also find it interesting how defensive some on here are. If any of you invested too much in this, it is your fault. I actually agree that the price will go up but will it reach £1 like some on here preach, the answer is no, unless they can start making money.

I am so confident it won't reach 4p tomorrow that I am willing to sell all my holdings and remove myself from this forum if it does tomorrow.

I read their financial statements prior to investing the auditors have qualified their opinion on going concern . I have no problem anyone investing in this, my problem is with people putting this company up to where it is not yet.

I am indeed holding. I just hope people don't dump their life savings into this. Only amounts they are willing to lose.

The company is very much over valued at the current price. It is a pure speculative play.
The Company has not made any sales and has not provided a road map of how they will make income. Are they a licensing company, or are will they start mining? R&D companies can run out of money very quickly.
If they are so innovative as claimed here why have they not applied for innovate grant from the government? They could receive a huge sum that wouldn't need to be paid back.
As a pure speculative play it is ok to invest in but not huge sums of money mentioned here.
The patents mean nothing unless they can monetise on them.
Also comparing this to Argo, tesla etc is nuts.
I am not hating on the stock before all the fan boys shout at me, I am just stating how I see it.