Member Info for Davemate90

Ok Sharebel that's all well and good, but i am just wondering how they are going to fund the manufacturing of it, as QBT has no revenue?

There's either going to be dilution or a raise?

But you seem to know all about their cash position, so please tell me what it is? Instead of just spouting cr*p all the time.

"We believe it has the potential"

Doesn't sound 100% to me.

Yes, that's all well and good, but what if it's not as compatible with the ASIC chip?

And they will need to pay the hardware manufactures, surely? They're not just going to do it for free...

Spodulike.

Its good...BUT, "the Company believes it would boost an ASIC chip’s mining performance by approximately 30%".. have they actually tried it on an ASIC Chip yet?

How is it a false narrative? It is there in previous RNS's that have come from the Company?

Have they new budgets? Do they have any revenue? If you have information, please do share it??

Sharebel i am quoting facts. you are just spouting the same rubbish, over and over.

Have they collected any of the 5.3 million yet? How much money is the bank? What is the current cash burn?

Please enlighten us all.

"Notwithstanding the above, the Directors believe that due to the little headroom existing within our budget at 30 June 2025 and the inherent commercial uncertainties in relation to future events, a material uncertainty over the outcome of the matters described exists and Group might be required to raise further finance and note the uncertainty in relation to the group being able to realise its assets and discharge its liabilities in the normal course of business."

23/09/2024.

Also this from the CEO

"The Group’s operational existence is still dependent on the ability to raise further funding either through an equity placing on AIM, or through other external sources, to support the on-going working capital requirements."

Sharebel you keep going on about all this cash in the bank, and court judgement. Have they actually received anything yet?

Someone could obtain a judgement against me for £5million, but if i don't have it, I can't pay it can I??

You seem so confident about having cash in the bank. Please tell me what is the balance today??

Genuine question.

Last 2 placings:

Look at the patterns:

24/05/23 RNS re New Bus + Dev Manager

31/05/2023 Share Price up at around 2p

01/06/2023 Placing @ 1.4p to raise a £million

20/10/2023 RNS: "Market Update"

24/10/2023 SP hits 3p

(Fri) 27/10/23 SP closes around 2p

30/10/23 Placing at 1.5p to raise £2million

We'll just have to wait and see, I suppose

Sharebel..thanks for posting. Hope you can shed some light on the current cash position please? Looks like you have some calculations?

So in other words, you don't have a clue.

I don't know why you can't just say that.

What does it say? If there isn't one, then i'll happily hold my hands up and admit i was wrong.

The RNS on 17/01 states:

"The board of directors currently believes that working in commercial partnership with a major hardware manufacturer via a licensing agreement, will be the most logical route to market, principally due to the cost benefits to QBT.."

So it's going to cost them...how are they planning on funding it?

It seems like a placing RNS might be just around the corner.

Not trying to de-ramp, but just a feeling I have...

It looks like it depends on the value of the above investment.

Per the declaration of solvency, they had it valued at £856,280. Between 29/09/23 and 28/09/24 they had only received £50,915.50 which was the value of some share to cover the winding up of the company.

IT looks like they have also sold another 1,741,732 shares in November.

Does anyone know how many shares of CCAP were in issue?

This aged well haha

How come everyone is so sure one is due? Am I missing something?

"This company is withdrawn and no longer trading on Aquis Stock Exchange. " this is the latest on the Aquis website. Not sure when that was changed, however there is a notice from 17/03/23 to say that it has withdrawn from trading with immediate effect. I don't remember seeing that though, so who knows what is going on..

The accounts are available now to see