Member Info for BobsSocks

Probably a nothing burger but...

https://quantumblockchaintechnologies.co.uk/images/QBT_-_310523_-_Grant_and_Amendment_of_Options_May_23_.pdf

"The Company now has outstanding Options over 138,500,000 Ordinary Shares exercisable at 5 pence and Options over 133,500,000 Ordinary Shares exercisable at 10 pence. These Options expire between 2024 and 2026. The number of Options still available to be issued (as duly authorised at the General Meeting held on 6 May 2022) is 28,000,000."

So there are 272,000,000 outstanding options with an apparent value to the company on conversion of £20,275,000. The present Market Capitalisation of the company is £20,430,000 and there are 1,290,000,000 shares in issue. The options represent 21% of the shares in issue or 1/5th of the company.

They are, in effect, asking the option holders to pony up the value of the company for 1/5th of the company. Now I realise this is not apples and pears but it strikes me as being an invitation for some unfortunate people to suck an inordinate amount of lemons. Furthermore these lemons were offered in lieu of payment for services rendered.

We don't know the actual value of those services but it is the case that in order to receive what is in effect nothing for them the unfortunates concerned will have to stump up their own cash in order to convert at 5p or 10p assuming the SP hits those levels and then hope that the SP continues to rise. The other, more sensible choice, would be to convert when the SP is above those 5p and 10p levels. Free Money. Yay!!

Of course we might hope that a partial conversion is available to those who sold their souls on a promise of riches tomorrow but lets say they are tied into an all or nothing deal. Let's say you contracted for options and got dealt 1,000,000 options at 5p for £10,000 of work. Sounds sweet. Five times the value of your work. However in order to realise your dream you have to pony up £50,000, that's £60,000 including the cost of your own work, up front to end up with nothing.

As a contractor I don't think it is very likely that you will have that sort of money floating around down the back of your sofa so like as not you will have to borrow it. No-one is going to deal with you for zero gain so what rates are you going to get. This won't be QBT getting mates rates for a quick flip. No. You're not going to convert at a SP of 5p. Like as not you are going to have to convert at 7.5p or possibly higher.

Whilst all of those sums are going on in your head the conversion date is getting closer but, hey, those dates can get kicked down the road. One day things will come good. Or you could just abandon your dreams and move on.

"The number of Options still available to be issued (as duly authorised at the General Meeting held on 6 May 2022) is 28,000,000."

That's about 10% of the original pot left over for fresh contractor meat. Looking at the SP as it stands I don't think they will get many bites.

"ask admin to do a check with posting style"

https://en.wikipedia.org/wiki/Stylometry

Hi Mr Admin. Can you drag out the posting history of this person and analyse the style against this other person and tell me they match. Also even if they don't match tell me they do because I will look stupid if they don't and if you disagree then you are trying to get in lower and anyway you are probably not who you say you are and have multiple identities. Oh and also dial me a curry. No, in fact make me a curry and deliver it to me then when you get here iron my pants as well.

Https://davidgerard.co.uk/blockchain/2023/12/22/bitcoin-etfs-coming-soon-but-in-cash-only/

Puts a bit of a damper on the idea that ETFs will result in a surge in the demand for BitCoin and the value of BTC. Of course if you wish to be irrational in your desire to ramp QBT other articles will be available.

Must be time to cook food and go to bed. Night Night.

Yes. PlanA or PlanB. However given the quality of the rampers in this neck of the, dogging, woods I really do not think that PlanA is very likely and PlanB would be like me taking my lottery ticket back to Spar and trying to argue that they owed me a lucky dip when the lottery machine did not go bloop.

"Bob, the words I used were..."

Being a tinfoil hat wearer I'll have to assume you were posting under duress from someone else's device and did not have access to your emoji list but have whipped your Mobile out on a visit to the toilet to check for the condom. I do hope you found it and can go back to snuggle up with your partner in a nice warm bed without having to search for it.

Https://mastodon.social/@BillySmith@social.coop/111663141602486040

https://amycastor.com/2023/12/28/crypto-collapse-mt-gox-payouts-tether-hooks-up-the-feds-sec-says-no-to-coinbase-crypto-media-mergers/

"Trouble down t’ pit

-

Bitcoin miners are racing to buy up more mining equipment before bitcoin issuance halves in April or May 2024. Here’s to the miners sending each other broke as fast as possible [FT, archive] "

Archive copy from the FT,

https://archive.is/zaUOs

"Miners listed on the world’s stock exchanges have this month committed to spending around $600mn (price adjusted £468mn) on buying new chips and servers that are the keystone of the digital ledger underlying bitcoin, according to The Miner Mag, an industry data provider. The December amount is nearly half of the $1.3bn total committed for the year."

Like... seriously Ladz. This bunch of mining idiot grunts could have bought up QBT, Market Cap £20.34mn, 23 times over and not bothered splurging $600mn on new kit. Either their heads are totally in the wrong place or FG is playing hard to get in his instructions to VLAD in the advanced discussions assuming QBT does what it says on the Tin (cough youtube videos).

Then again. I can understand how it feels. I recently complained to the BBC about an article they published where someone tried to include God by suggesting there were holes in Science where such an entity might exist. I explained how Science was wrong about The Big Bang. It was a Big Suck which necessarily gives no access to God. Naturally I now consider myself to be in advanced discussions with The BBC whilst waiting for their reply.

"what’s with the multi posting trolling ****e bobsucks?

you sound like a right ******* you do realise?"

Well. I must admit to being quite shocked at that response Mr Jambone. In the past you have been most reasonable in your carefully reasoned responses to my posts. I shall assume you are a few yards of ale past the arm and will become more eloquent tomorrow.

Hi MysticMe. Sorry to do a Jambone on you.

"Absolutely agree with you, however I am prepared to wait until the SP is more attractive before I jump on board with you guys."

"What I and most investors (want) are official RNS's to state exactly where they are with regards to contracts and projected Income."

"See you all soon I hope. I'll be in when the price is right."

Putting on my Mr Spock ears then in order for those statements to be logically consistent I would have to assume you are trying to get in at a lower price in the expectation that the volatility in the share as driven by the rampers and those they manage to dupe allows you to get out at a higher price when, suddenly or rather gradually, nothing happens or the can is kicked further down the road.

As an aside I have no problems with that having considered the same strategy myself and will not accuse you of having multiple nyms or logging in with others accounts to uptick your own posts however...

"What I and most investors (want) are official RNS's to state exactly where they are with regards to contracts and projected Income."

Personally I do not think that is going to happen and I will be rubbishing any qualified RNS. Therefore I will not be getting in at any price.

As to getting on a train with these guys. Yuck.

"This line here, very positive isn’t it, “start to deploy our product and install it with clients”, big statement to make if you weren’t lined up! I remember a similar conversation with JezConner where FG said in an interview that we were planing on testing on the miners of miners and had the same brush it of, that’s not what he said etc, then we get an update to say we have been testing on the new miners that miners had given them would you believe."

Yes Mr Jambone.

You have previously kindly suggested that I read what you wrote but unfortunately, could be my fault, I'm still left trying to decipher what you thought you might be thinking about beyond the swirly wallpaper.

As a simple short circuit to your most recent mashup of words the question would be...

Did he RNS it without a "forward looking statement word" implying fact or did he post it to his You-Tube?

"Bobssocks, you are repeating what I've said in May, June, July, August... you get the picture."

Probably. Sorry about that one. You may have noticed I only arrived here at the end of October this year and I have not taken the time to go back through everyone else's posts, including the 4,393 from Jambone, so I can avoid repeating what others have said.

Maybe it helps to have old ideas repeated from a possibly different perspective with new words. It certainly was not my intention to steal your limelight... resists temptation to repost link to a Rush song.

"The latest video is pretty clear on the timelines."

Hi Suthy. Green Box here. I'll assume you will bounce up and down with glee at the opportunity to tell us a Green Box answered when they should not have bothered and wait for Jambone to come up with a similarly useless rebuttal.

To quote from the video...

https://www.youtube.com/watch?v=pY5gF3-HWLg

"We started this new cycle of our company back in beginning of 2021 and of course there has been before preparation of several months we have deployed the tangible results of our R&D efforts at the beginning of 2023. The cycle is very simple it's taken us 2 and a half years to get results and uh it's taken us I would say 6 to 9 months to get out with a product and so 2024 is the year when we will uh start to deploy our product and install it with clients. As a company we've been very pleased by the response of the market and we have raised this current fiscal year 3 million Pounds two rounds which were very quick first one, close in a few days, the second one in one day so we thank the market for continuous trust in our company and the prospects of our company. This is a unique opportunity for us to be in a market like London Market which is so inclined to support Innovation as in the case of our company."

Firstly try to recognise that this is FG outlining his plan and, it would appear, its progress. This is a statement outside of an RNS so FG gets to warble on to his hearts content and nothing really matters. As a result anything FG says that even sounds like a definite should be discounted.

However, on the assumption that FG is stating the full banana and not making up his dreams what can we gain from that text?

Apparently they "deployed the tangible results of their R&D efforts at the beginning of 2023". So that part of the plan has presumably been done, no RNS though? Then it took them mumble years longer than the deployment to get the results. So that part of the plan has presumably been done. No RNS though? Then it took them mumble months to turn it into a product. So that part of the plan has presumably been done. No RNS though? Then he ends on a forward looking statement about deployment in 2024. So that part of the plan has not been done and of course there has been no RNS for it.

"The latest video is pretty clear on the timelines."

I would be inclined to suggest that it is not. It is poorly thought through, inconsistent and poorly scripted. And no. You do not get to excuse him for being an Academic. This bloke is asking for (millions of) your cash and, supposedly, speaking for the company. I would hazard a guess that he is no longer in Academia as a professor because he has a long line of grant application failures.

Oh, I forgot to ask if you like my new French keyboard?

"BobsSocks, do you not find it odd..."

That someone does a bit of research on a company and comes to the conclusion that it might be a bit of a dog then asks all the right questions for a giggle. Not really. Shame you did not have the right answers available and had to resort to your usual code of practice.

"Anyway, will leave you to it. I’m sure you have some deadlines to get some stories out."

Thanks. You can catch my new Crypto-Exposé in the FT some time in the future. They don't know about it yet but, thanks to your recent career advice, that's the plan and as we all know if someone tells you the plan then it's an odds on certainty.

"I said dressed up with another, not new, maybe learn to read?"

Sure. They have been in stealth mode since 2016 just waiting to pounce. However in your case facts are trounced if there is the opportunity to snipe. Idiot. Serious Answer.

"IPman, hmmm, why do I get the feeling you are another poster here dressed up with another ID?"

Member Info for IPman27 Posts (All Time) 1,387 Member Since 18th Apr 2016

Idiot

It's been debunked...

https://economicsfromthetopdown.com/2022/04/08/the-dunning-kruger-effect-is-autocorrelation/

Https://mastodon.social/@raymondpert@mstdn.social/111658483672629890

"It is the Securities and Exchange Commission’s forever war. The SEC in 2024 will mark the seventh year of its campaign to regulate cryptocurrencies through enforcement, with no end in sight. The regulator is waging several major court battles that could determine whether rules written for Wall Street apply to digital assets. But a winner is unlikely to emerge in 2024 and neither is certainty about who regulates #crypto"

Copy of article from the Wall Street Journal. Dec. 28, 2023 5:30 am ET

https://archive.is/2023.12.28-103352/https://www.wsj.com/finance/regulation/big-battles-loom-in-secs-war-on-crypto-aeff0d78

"BobsSocks, This was under the CLP days, CLP owned a % of Sipiem and is suing the directors for wrongdoing so how is it FG fault?

This seems to be what you were implying?"

So far the only person who has suggested that it was the fault of FG in this thread is you so I will have to assume you are implying it.

"If you read my post correctly I said,

Bob, there is a huge difference between asking Questions and trolling for a lower entry which is a massive % more than anyone asking reasonable Questions!”

Which suggests you have a disproportionate bias towards your reason to exist at the exclusion of all other possibilities. You have been told that I am not trying to get in at a lower price but you are still looking at the swirly lights in your mind.

"Seems you do this for a living Bob? "

That could be the swishy noises you think are in your ears or perhaps you are just entertainment.

"BobsSocks, funny old name that isn’t it, almost like it was a pee take?"

Sorry about that one. I had just bought a load of socks from M&S. I suppose you had just taken delivery of a stack of poochfood.

"Bob, there is a huge difference between asking Questions and trolling for a lower entry which is a massive % more than anyone asking reasonable Questions!"

Your thesis including its presentation is broken unless I assume your mind is broken.

In the first case and as I have repeatedly told you and you have repeatedly ignored I am not looking to get in at any price. Since you have given up on the Christmas dig perhaps you might lose that one as well. However it is good to know that if and when you have lost your standard comeback you are left with the possibility that I am asking reasonable questions.

"So FG is suing previous directors under the CLP days who did wrong, what exactly has that got to do with FG? Why do you try to make out it’s his fault? Who’s trying to mislead here then Bob?"

One of the wonders of you is you post wrong stuff and then go even wronger in another failed attempt to gain an edge.

I suggested the Ned might be useful to sue Directors of *other companies* because you suggested the ned was a legal eagle. When did you get the idea that FG was suing previous Directors of his own company?

"Maybe take a look at Dr Grover and the options he has been set. He is back for a 2nd time and has a reputation to uphold as have others!"

Hmmm. Given Dr Grover has a reputation to uphold perhaps it might be worth asking him some questions.

"All the signs of a journalist here Bob."

Still lost as to your new attack vector.