Member Info for Hexam

“Hexam could you name three business related things he has said that are actually correct?”

Yes.

He might be but that doesn’t mean everything he says is rubbish. As I said, on a like-for-like basis revenue is likely to be back to pre-Covid levels and the revenue is currently not enough to cover overall costs.

That’s the position at the moment but hopefully things will improve.l soon.

Gross margin may have gone up but so did losses and ultimately that’s what counts.

You seem so intent on discrediting Sam’s comments that you are blinded to what’s really happening.

Like for the instance the assertion that sales are likely to be back to pre-Covid levels in the next results. Obviously in terms of total revenue that is not the case but on a like-for-like basis it probably will be.

We know the 2023/24 results will be poor but hopefully there will be some promising signs underlying the headlines. Until then, it’s not looking great however it’s dressed up.

"The halving is going to hit the miners hard. They will need Qbt big time"

Only if it works.

"The fool is too thick to even realise that assets are valued on a historical basis and after massive depreciation and amortization"

I don't think the depreciation and amortisation can be described as massive for BOO or why this would necessarily mean the assets would be undervalued. Overall, I'd be very surprised if they could sell all their assets at more than depreciated book value on the moment. That said, it is a poor way of valuing an ongoing business and comparing it to mcap - unless of course they are in danger of not being 'ongoing' and need to sell those assets. Instead it's all about future profitability and if they can get back to profitability and hit/exceed their medium term targets then the sp should improve and the asset position would take very much more of a backseat. If losses continue though then the asset valuations may come more into play.

Too early to say how things will pan out over the next few years profit-wise but hopefully the year-end numbers will give us some clues even though we pretty much know the headlines already.

"Stop with the misinformation, QBT have a working product...."

Don't be silly. They say they have something they are testing. IF those tests are successful AND what they have can be made available to potential customers then they really do have a 'working product'. Until then they don't.

"They’re running scared."

Scared of what exactly? The news you keep expecting but which never comes?

So Jambone is still regurgitating my post regarding a valuation of the business? One of the reasons I filtered him (aside from him being childish and misleading) was his habit of repeating posts over and over again - including other people's like mine. Just got so tedious.

Just to be clear though, like most people here (even the 'trolls') I believe if they get method B to work in the real world, anywhere close to the 160% improvement they claim, then the sp will really take-off with 10p a bare minimum.

However, I believe the chances of that are tiny, not even Brew's 1%. The reasons I believe this are:

- the paltry current sp showing a general apathy or disbelief in the market

- the complete lack of hard evidence that it works even after all this time (or of any deliverable come to that)

- that miners with much deeper pockets aren't seemingly trying to do the same thing or biting the hands off QBT if they're not

- the claims are so outrageous that the phrase 'if it sounds too good to be true then it probably is' springs to mind

- the lack of detail on the 20+ 'world class experts' and that they include PhD students!?!

- the shifting priorities with the latest PRN leading with the underwhelming Method C

- their own admission in the same PRN that they are struggling with Method B (and A)

- the videos and interviews that I find unconvincing, contradict themselves and to me suggest investors are just being strung along

- bizarre statements and strategies along the way like why they initially focused on intel and not bitmain

- it would take mining on hundreds (probably thousands) of machines to prove it works in any reasonable timeframe but little sign they have access to such machines and until then their claims are only theoretical (or simply made-up)

I could go on but, in short, yes the company will be worth many times more what it is now if they pull Method B off but I think the chances are pretty non-existent that they will.

So why am I still invested? I could be wrong for starters and the size of the prize is huge if I am. More likely though is that they deliver something far less impactful but still enough to lift the sp. Even more likely I feel is that they deliver nothing at all but excitement over the next carrot-dangling interview or PRN pumps the sp and I can exit with a profit.

In the meantime I hang around here as I find it fascinating watching what I think is pretty much a scam play out in real-time and the reactions of those caught up in it (and how these might change when the penny finally drops). I also have a thing about others posting misleading nonsense to try and sucker more in. Apologies for the length of this post but just trying to put my valuation post in context though I'm sure it won't stop Jam reposting it or other idiots still asking me why I'm here even though I've just explained it (again).

You're the one relentlessly spamming the board today Zolander - not me. It would be great if you could come up with any actual counter arguments to support your belief in QBT rather than just empty-headed comments. But as I don't think there is any chance of that then off to the green bin with you (though I think you'll disappear soon enough anyway).

"I rest my case."

Your case is about as solid as QBT's claims and so very far from being clear for all to see. But if fantasies and conspiracy theories are your bag then have at it.

"Zolander, I believe the trolls bought some shares as well. However, they will never admit and this is 100% guarantee."

I'm beginning to think you don't actually read any posts properly. Some of the so-called trolls have freely 'admitted' to buying shares and most have also repeatedly given reasons for why they are here. If this is the same kind of attention and critical thinking that you apply to the communications from QBT then no wonder you are disappearing along with others down their rabbit hole of make believe.

"WULF have stated $37k all in cost to mine post halving."

That's absurdly low but I presume that excludes the cost of machines (via depreciation) - so not really 'all-in' at all.

“Don't forget liquidity Hex, absolutely pitiful trading volumes.”

There are a lot of things I could have added but didn’t want to overdo it as they are such a sensitive bunch!

“This share has it all”

Apart from revenue.

And deals.

And anything proven to work.

“About the valuation, to be honest I think if everything goes well 10p it's not exaggerate value”

Agreed - I think it would be far more than 10p if everything goes well. It’s whether anything at all goes well, let alone everything, where opinion tends to differ.

“I am confident they should be able to clear the remaining Galaxy debt and the tiny mortgage by the end of the year.”

With what? Post April they are unlikely to be generating any cash let alone enough to make serious inroads into the debt and certainly not any to enable them to invest in new machines and grow - so the problems will only get worse.

They only got out of jail by selling all their assets - they have nothing meaningful left now to get rid off.

Their only hope is that BTC can rise much faster than difficulty after April so that they can generate some cash and can raise significant funds from the market of the back of this - probably through a raise but that’s still unlikely to be that big given previous attempts.

The numbers simply don’t stack up and I’m afraid I think it is you that is being misleading not HarChris who, like most times, is spot on with his assessment.

The annual accounts will be out quite soon which should further emphasise the peril they are in.

Perhaps if you unfiltered them Suthy you’d be able to see their answers and so could stop asking the same question.

Oh, just remembered, you’ve filtered me too.

This really is a strange board at times.

The only thing afoot that I see is the probability that this is just another scam on AIM. If that’s what you mean then I agree otherwise…‘If you cannot see that, perhaps you are seeing it through tinted lenses.’

Most boards that have a reasonable number of posts are similar actually, especially on AIM, with extremes of views negative and positive. Just par the course really and nothing unusual on here.

To say ‘we all know something’ is afoot is just silly and presumptuous though. You can’t speak for everybody - nobody can.

I think it is highly likely that it will all come crashing down for QBT but clearly that’s not what everybody thinks and of course they may be right. And if they are then I’ll be smiling as I’m invested - I don’t mind being wrong if I’m the richer for it :-)

“So, I will say what I want to say, when I want to say it, and I will not be swayed away from my investment.”

Good for you but what would it take to sway you away from QBT as an investment? Another raise? Another 6 months without any deals? An RNS saying they have given up on method B?

I’m not saying any of these WILL happen but just wondering what the breaking point would be for you ‘and your ilk’?