Member Info for Davemate90

Post removed because someone has a different opinion. Complete joke. It could be argued that today's prn is a pretty blatant distraction from Phimx's discovery yesterday 😂

All jokes aside though l, if it sells at least FG will be able to pay his consultancy fees and a nice bonus again this year 🙌

Yannis2005,

you say you're "taking advantage of the current price range", however it looks like you're underwater already.? You could've just burnt the money, or flushed it down the toilet instead.

Mikeydj,

You post: "Researchers, consultants, partner engineers or specialists collaborating on a specific project phase — which is very common in R&D-led tech companies"; I am not disputing that, however all these things must cost. So how much do they cost? And how are they going to pay for it?

Mikey,

per the accounts the average number of staff is 3 (group: 4), so they would have to hire them?

Unless the allure of working with the genius FG is too strong, so they are doing it for free!

They'll just be 7 of FG's family members. "Experts" as in they've listened to FG waffle on about the same stuff for years, just so he can squeeze more cash out of the Company, and he may reward them by taking them on the next jolly.

Ok then if we're talking GBP then it's still approx £6,046,152.

A Company is balance-sheet insolvent if liabilities exceed their assets. If the company folded tomorrow, then it wouldn't be able to meet its debts even if all the assets were fully realised.

Their assets are approx £1,044,000, and liabilities are approx £7,091,000 (using the average Euro to GBP exchange rate from 2024).

The source would be Companies House, which I consider a pretty reliable one. Taken from the accounts with the qualified audit report.

Mikeydj,

As at 31 July 2024, the company had Net Liabilities of £7,140,000.

"Under UK law, specifically Section 123 of the Insolvency Act 1986, a company is considered insolvent if its liabilities exceed its assets."

Surely you saying it's not insolvent is "False and Misleading" and has no place on this board. The constant blind-ramping by certain individuals on this board is ridiculous.!

😂😂

We've had a holiday RNS, a patent one, a method one...there's just one certain one missing for the full house. And, depending on how today goes, I wonder if we will see it?

I do wonder how qbt are planning to pay for the "seven experts" though?

Did anyone take this into account regarding the above:

"Forecasts for the period to 30 June 2026 has been prepared on the prudent assumptions that the Group will still be non-revenue generating, will not receive any portion of its litigation claims"

The last bit is interesting to say the least..

😂😂😂 another absolutely amazing RNS 🚀

How is it only this price? Surely it should easily 10-bag from here.

Just need an update on the Sipiem court monies, how they "are doing everything they can to recoup the monies, and they have their legal team working on the cases against the ex-directors"

Seriously though how does FG/Mikeydj keep getting away with this? Surely he should be paying his salary back?!

Well they are going to need to come up with something quickly, aren't they?

Cash position at 30th June was £1,7million. The 'cash burn' rate is approx £250k a month (someone can correct me, if they know different).

I did just notice this though which is interesting:

"After making due enquiries, the Directors have formed a judgement that there is a reasonable expectation that the Group can secure further adequate resources to continue in operational existence for the foreseeable future and that adequate arrangements will be in place to enable the settlement of their financial commitments, as and when they fall due."

So I guessing a raise or something of that sort is already being worked, just have to see when they decide to let us know!

Yet another holiday...keep an eye on the volume especially if there's a spike in the sp.

If the directors want to continue this jet-setting lifestyle; they are going go have to find a way to pay for it.

Calm down francesco /Miketydj!

Never mind wasting your time on here...haven't you got another holiday to be booking?

Strange volume here over the past couple of days. I'm not going to say it, people can make up their own opinions...but I'm getting a sense of deja vu.

Have a feeling it's going to be an interesting January.

And how many BTC are Qbt holding?

Francesco.

Haven't you got your Repo Rollover RNS to be working on? Go on surprise us all and put your hand in your pocket..

Phimx:

Even if they managed to recoup the full 6million..the return would be approximately 0.00408 per share I believe. So unless you owned millions of shares it would be virtually pointless.

Again MrHanji,

Your optimism is a breath of fresh air on this board.

However, the properties are repossessed and going to auction. No chance at all they fetch the 600k, as they'll be sold at a discount; then there's auction fees etc to consider also. Might just cover FG's Christmas bonus if you're lucky!

Mikeydj/Francesco Gardin.

I am glad they clarified "real properties" in the RNS, otherwise i am not sure what they could have meant.!

Mr Hanji.

You can argue it works all you like. But how do you know? They release a PRN/RNS regarding how this breakthrough method is going to "HYPOTHETICALLY" reduce all these costs etc, and they've tested it in the lab.

They then have signed NDA's etc for real time testing etc etc..

As far as I am aware they have been doing this since 2022...but if it works like it should, why are they now switching to the software version? 1. they have had longer than the 18months they have said it takes, and 2. surely when they were getting all these amazing results in the lab they would know how long it take to migrate the hardware anyway?