A bit of on topic history5 Mar 2024 11:34
In the form of How It Started and How It's Going.
Apologies in advance for the possible cherry picking. No doubt NoBox(1) with their extensive knowledge of random words available from the companies RNS's can set the record straight.
How it started.
https://quantumblockchaintechnologies.co.uk/images/27_December_2017.pdf
"New Business Adventure"
"Clear Leisure (AIM: CLP) is pleased to announce that it has established a new technology venture (“Newco”), supported by its largest shareholder, Eufingest SA (“Eufingest”). Initially, Newco will comprise two investments: the Company’s 4.53% interest in Geosim Systems Limited (“Geosim”), the
3D mapping company; and, a proposed Bitcoin mining blockchain data centre, further details of which are set out below. Newco, a wholly owned subsidiary of Clear Leisure, will seek to add other Information Technology (“IT”) focused businesses to its portfolio followed, in the longer term, by a possible stock market listing of Newco.
Background
Since the current Board was appointed in July 2015, it has sought to find the most beneficial way to
monetise the Company’s assets. Shareholders will be aware that this has been a challenging task
because of the need, in respect of some assets, to establish clear ownership whilst negotiating with,
sometimes hostile, creditors. There has been no such issue with the Company’s 4.53% holding in
GeoSim, the fair value of which is carried in Clear Leisure’s audited accounts, at 31 December 2016,
at £634,000. Until now, however, there has been limited opportunities to crystalize the value of this non-core asset."
How It's Going
https://quantumblockchaintechnologies.co.uk/images/Result_of_Bondholders_Meeting_2024_Final.pdf
Eufingest is no longer the largest shareholder and have to delay repayment of what is left while,
https://find-and-update.company-information.service.gov.uk/company/03782342/filing-history
11 Oct 2023 Accounts for a small company made up to 31 December 2022
Geosim was rolled into Brainspark and still carries a, fair, value of €622,233.
Impressive stuff.