Member Info for Inforapennyortwo

I thought the S9 and Bitaxe were only being used to provide a result, as the ASIC manufacturer wants to keep results under wraps as to not give away what could be classed as company secrets on enhancements.

The ASIC manufacturer has given up source code and IP with chip design by giving QBT documentation on how and where.

These ASIC’s can cost up to $200m to design and implement, they have opened the door to QBT, let that sink in!

Hopist, I agree with what you are saying here

“Yep. Some desperate to keep this down but the recent positive changes are crystal clear for all to see. Even the paid bashers.”

Have you any more info on Paid bashers, I have shares in a few companies, but one in particular seems to be suffering from what it seems like a team of bashers, you know when it feels odd, then the paid basher scenario would fit, just wondered if you could elaborate on how it works, tia.

Phimx mentioned last week about betting against QBT, I looked it up..

Betting against a stock, known as "short selling" or "going short," is a trading strategy used to profit when a share's price declines. You borrow shares from your broker, sell them immediately at the current market price, and hope to buy them back later at a lower price to return to the lender.

It also says

Key Risks to Keep in MindUnlimited Risk: When you buy a stock, the most you can lose is \(100\%\) of your investment. When you short sell, there is no limit to how high a stock price can climb, meaning your potential losses can theoretically be infinite.Short Squeezes: If a heavily shorted stock suddenly surges in price, short sellers may panic-buy to close their positions to stop the bleeding, driving the stock price even higher.Borrowing Costs: You are required to pay interest, fees, and dividends to the broker while you hold a short position, which eats into your returns

Now yesterday there were 2 x 8m buys which pushed the share price up, followed swiftly by a couple of sells 2m, 500k etc, those sells would only be creating a loss as it’s the lowest point since placing and before looking at chart, hence the comment I made.

If Phimx and the other accounts using the same tactics are betting against the market, (Phimx said he was) the above information I posted would suggest that any rise would need to be curtailed as it looks very dangerous.

This would explain why Phimx etc has tried to post fake pictures and tell lies, UserSteve was caught out lying about the Patent.

That’s twice in as many weeks Phimx has let the cat out the bag, admitting QBT will have a significant rise on news and betting against at the moment. Makes it easy to read his game.

Sellonthespikes, I’m sorry if I haven’t seen your question before, I looked back over your posts and see you have made accusations of me being other another poster, of which I am not!

Now what I do find odd is the over familiarity from you, you seem to know all the posters here very well, yet your account is only a few weeks old, my 1st recollection on your postings was when Phimx was called out for admitting that a significant increase would happen to the share price on results as well as a deal, which hasn’t gone down well.

Let me ask you the Question back, have you more than 1 account on LSE, because you come across as you do, with your over familiarities with posters and aligning with Phimx/UserSteve, to be clear, you sound like you are cut from the same cloth.

Those buys look to have upset someone who is betting against QBT.

Let’s hope we see more buys.

Should be news week here I believe, that’s been a couple of weeks since it was mentioned that the ASIC manufacturer would be getting initial results.

I’m taking it as share holders we should be receiving an update on these simultaneous tests on the S9 and latest Bitaxe machine.

If positive then expect a significant increase in share price, which seems a unanimous consensus across the board.

Phimx, do you want to recap on what you let slip about how the price would move significantly on results or deal news. Do you have a War Chest to invest on what you post below? It makes perfect sense why you and a couple of others contribute what you do, 24/7 you post what you do to keep price down.

You posted this on May 13

“I'm afraid you are wrong. A deal if made would have a significant affect on share price, therefore to prevent insider trading it should be announced as soon as possible.

Tests results, in this case, would also have a very significant influence also.”

This surely is where the broker value is based, a healthy pause to consolidate isn’t a bad thing for future rise. It needs a base camp.

Keep an eye on the Fed, this will be key.

Looks like my post stirred up those posters that are not invested in QBT?

It’s only just in the opening window for an update , a couple of weeks were mentioned as a rough timeline, as long as the ASIC company gets meaningful results.

Morning Steve,

Nice start to the day, misleading post straight off the bat, wondering how many spamming posts from non shareholders will appear.

Only just in the window for an update, not sure how that can not bode well? All to do with a trade I should imagine.

Couple of weeks is up, would expect some sort of update on initial findings on the ASIC manufacturers kit.

Successful results should see a significant SP increase as proof of concept is proved.

All about trying to trade up a larger holding and a free ride if possible, worst case a lower average which puts you in a safer zone.

Unless you are sat in front of a screen all day it’s hard to make every call, unless you try for a quick trade or partial deepening on which way the wind is blowing, there are some familiarities with trading patterns though.

Steve, give it up mate, I and no doubt others can see your game here.

Results are due in, as your partner in crime said, results and deal news will have a “significant” impact on share price.

Sorry KK, I fell down Steve’s rabbit hole of intentionally trying to steer away from where QBT currently sits.

To actually be working together with and ASIC manufacturer who on average will have needed to spend $200m on their latest chip, to then be partnering with QBT to access their mining methods is no small feat.

No wonder QBT has all this attention.

Steve, please don’t try to validate your post, it’s clear you have just wanted to mislead with this, yet again.

QBT as it stands with its objectives has only been running 5 years or so, end of.

This will bounce soon enough, taken a few just now, let’s see what happens, markets have to move to keep them liquid.

This is a very good point, experience is key and a proven name could seriously help with direction.

Hexam, why change the company name, unless it’s a new company?

My thought on this is that these historical court cases which QBT/ whoever, have won, of which these funds were to be used to finance QBT?

Seems Steve has been on another misleading venture again, why is that not a surprise to me…