focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
So reading the PRN again the first installment is due 20 days after the agreement date, which was 29 Apr 2024. So first payment should be made by this Sunday. However, the PRN states:
'The aforementioned €700,000 settlement further remains conditional upon the approval by the Venice Court of Appeal. In the event, however, that the Venice Court of Appeal does not set the hearing date to approve the settlement before its ruling on the appeal before it against the original Judgment, the preliminary agreement will be void'
So looks like a court hearing has to take place within the next couple of days, otherwise the agreement becomes void. Might be worth checking court records to find out if a hearing is scheduled.
'Brew. Were you there at the negotiations between CL 17, and the receiver. Thought not'
We know the outcome of the agreement though, as laid out in the PRN. A one off €170k payment to the receiver leaving QBT to chase the rest of the settlement.
It's a perfectly valid point to make. Why take €170k when you're due 10x that. Seems clear to me the receiver didn't fancy the odds on receiving all the money and thought 10% up front was more attractive.
'your GSA connections, which you have clearly now admitted'
Schoolboy stuff llewellyn. Make up a lie, repeat it, make up another lie then say there is no need for me to deny it. All without presenting a shred of proof.
Be better.
The question I would want answered is why was the receiver happy to take a one off €170k payment just at the point when apparently the money is going to start to be actively paid by the defendants? They were entitled to 30% of any monies received so have taken €170k rather than wait for around €1.7m on full collection.
Is it because they were not confident the full amount would be easily collected?
'Brew - your civility or otherwise, (past posts would suggest otherwise) is not the issue here.
It is your paid employment by GSA - who short this stock - that remains beyond doubt'
I doubt you could find a single post of mine that has been uncivil.
As regards GSA, that is not true at all, of course I don't work for them in any way, shape or form. Of course I can't prove it, how could I, just as you can't. All you are doing is repeating a lie in order to discredit me.
'Then why do you continue to troll here'
I don't troll. That's your perception of my posts as you don't like them because I'm not under ramping.
My posting is civil for the most part in the face of some incredible abuse. Makes the board an unpleasant place tbh
I literally posted the summarised facts from the PRN. Not sure how that is construed as de-ramping. Circa €530k net subject to appeal. Good news for QBT when they receive it.
I should probably remind people on here that none of us are aware of anyone's circumstances, state of mental health or ability to handle bullying. People should bear this in mind when posting and try and be civil.
So QBT are paying out €170k + legal costs to buy out the agreement with the receiver that gave the receiver 30% of any money collected from the defendants.
€700k is the initial amount collected, subject to appeal, paid in 2 instalments.
So a net €530k if the Venice court rejects the appeal.
Got to wonder why someone would sell 30% of €6.25m for €170k.
If the money is collected should cancel out the need for a raise this year.
'Brew, google how many chips on each board in say an s19 miner so these will need to be optimized from my take'
So they are live testing or getting the rig ready for testing? We know they are live testing as the PRN confirmed this. We also know they are not using a Bitmain rig as the PRN confirmed they were having difficulty with porting and could not put a time frame on resolution.
It appears you are suggesting they are having to 'tweak' each chip to optimise things. So depending on the rig this will be upwards of 50. It's a laughable excuse Jambone for testing that is clearly not going well.
Maybe we will know they are close to a deal when they advertise on LinkedIn for experienced chip tweakers so they can start tweaking chips on MARAs 200,000+ rigs
I very much doubt a placing any time soon, Q4 2024 at the earliest as they should still have a big chunk of the raise from Oct 2023 left.
As for testing, I don't believe the halving will have had an impact. Difficulty changes every two weeks though, and this will have an impact, so you would think they would conduct a test within the two weeks on a consistent difficulty otherwise the figures would be skewed if the test spanned a difficulty change. The two week test window ties in with the 12 days test period used in the Method A animation.
'caught out by the rampers there and having to seriously average down'
You present your speculation as fact. Spent a weekend looking at GST, liked what I saw, dipped my toe in. Unfortunately they raised and the price is where it is. The fundamentals have not changed, in fact they have improved as I expect an announcement shortly of a new aquisition which should add value to the company. Their previous acquisitions have been very canny. In the meantime I have added to my initial position and I expect to see the SP grow as the company does.
Yet you present all that as me looking for a quick trade influences by rampers. It's complete nonsense, you have no idea of my thought process, investment decisions or motivations yet you construct a scenario that fits your own narrow way of thinking because it perhaps makes you feel better about your QBT investment.
Why not stick to discussing QBT on here and if you want to talk about GST do it on that board. Pretty sure nobody here want to read your obsessive GST posts on here. Why not tell us we are a day closer to news or some other inciteful snippet regarding QBT?
'you are losing your shirt there'
You're obsessed with my GST investment. Not lost a penny there, only lose when you sell. It's a basic investment fact Jambone, surprised you don't know that.
When I sell my GST at a profit I will let you know. It's really flattering that you care about my welfare though.
'how a your GST investment doing, see you called that one correct, NOT'
I'm very comfortable with my GST investment thanks, I believe it has great potential. Of course hindsight is a great thing and the timing of my first buy was poor but have been working on getting my average down. Thanks for your interest though, will keep you informed when I sell them.
I don't get the hate for Trump, one of the better US presidents they have had. Wokeness and the clamour for DEI have accelerated since Biden's appointment. We have more conflict, energy insecurity, terrible inflation, dodgy elections and an emboldened political class who believe they can do what they want and the people will suck it up.
Still, no mean Tweets so I guess it's swings and roundabouts