Member Info for KoolKat15

I never thought I'd say this Hexam, but your last post was very good. Because of this unlikely, event perhaps QBT will announce a commericial deal? LOL

Seriously though, you're 100% correct. Unless genuine, verifiable news arrives this does nothing. If they raise more funds for Blockeeper, it could go below £0.001p.

The good news is hopefully, we'll know next week one way or another.

Been here about the same time as you, Awl 😂 I still remember thinking a revenue deal would land in January 2024, then I reset my expectations to summer 2024 lol. We all know how that turned out.

To be fair, this is pretty much the same playbook as a lot of small caps, lots of momentum talk, some delays, and near future becomes very soon again.

Realistically, if QBT makes the big time, I can’t see it being some dramatic instant re-rating or anything in the double digit percentages, more like a few percent move, assuming the market believes it.

And the key bit for me, nothing has been verified yet. The fact remains QBT is still, at heart, the same non-revenue R&D story it was in 2023, so until there’s hard proof (or actual commercial traction), it’s hard to call it a totally different company.

These buys vs sales you go on about Inforapennyortwo is seriously misleading and annoying. Your post looks mainly like short-term order flow price action commentary "buying pressure” (more buys than sells over the last 5 days), speculation that Peel may be holding it flat, and the reminder to watch where trades print, rather than any concrete update on QBT’s commercial progress, so on its own mate, it doesn't mean a revenue deal is just around the corner, for that we’d need actual confirming evidence from a PRN and explicit statements about contracting or paid deployment, not just trading mechanics.

Obviously I’m hoping you’re wrong, Phimx, but I have to say my expectations for a substantial revenue deal being announced this year are so low they’re basically the same as it starting to snow today.

I want to believe “this is it,” but the radio silence on the revenue piece is the exact same feeling I’ve had many times before. I just don’t see it.

Also, the bullish posters on here won’t have a credible defence if we end up with the same old flannel again. Also, 100% I will sell my holdings and move on for good. Last chance salon.

Mrhanji, FG has mentioned “clear timelines” so many times they’ve become a joke. They haven’t once been met, as far as I remember.

Next week, I’m hoping QBT actually land something substantial, because we’ve had the same sort of storyline too many times over the past 3 years. If I read potential, talks with major players, progress, etc, I'll most probably throw my laptop out my office window!

I don't give a flying fook what Mikeydj says, the market will not reward any R&D update unless it shows a clear path to revenue and I mean substantial revenue like miker444 and Inforapennyortwo go on about.

For me it’s basically now or never. if it’s not a real commercial deal, something that materially de-risks the business, or a clear valuation jump, then I don’t see why anyone should get excited. I’m not bothered about R&D-style updates if the share price isn’t moving off them. Tick Tock QBT

Phimx, I agree trades can be cancelled, but “nice buy” means someone was willing to take that risk at that level, not that it’s guaranteed to stick. Hopefully, we can all move on next week, if indeed news arrives. Or perhaps we will carry on debating?

To be honest, that's a nice buy, and in my opinion there aren't many people who would take that levelof risk with little old QBT. Interesting!

Hopefully, we'll hear something next week, which would be in line with what Francesco has said.

Inforapennyortwo, you may be right about internal readiness, but the debate should be anchored to what actually moves price, measured outcomes and a demonstrated route from performance to revenue.

To be truthful Inforapennyortwo, I hope you’re correct, and that the Oracle is indeed up and running as expected. More importantly, I hope the next update delivers results that change how the market perceives QBT with clear, quantified performance outcomes and a credible monetisation path, rather than just reiterating technical progress without impact on valuation.

We'll see.

Mikeydj, you’re still making this personal to other posters instead of sticking to facts.

Yes, those “it doesn’t exist” claims have moved through different versions over time (source code, documentation, engineering support, ASIC manufacturing, MDK access, oracle development, BlocKeeper). Everyone can see that evolution.

But here’s the point you keep avoiding, goalposts don’t move the market price, revenue does. The market has already digested the technical updates. What it hasn’t seen is a clear, disclosed pathway to commercial revenue (customer, commercial terms, timeline, and when money actually starts flowing).

On top of that, why are so many posts from yesterday disappeared? If content is being removed, tell us the specific reason because selective deletion doesn’t build confidence, it destroys it.

The RNS’s since April have said good progress, and it always sounds positive, but with QBT it feels like the same cycle again. We hear good progress, then it turns into encouraging early signs rather than anything concrete. And if you keep hoping for the rerate catalyst and it never lands, you start to wonder whether the milestones are just being used to keep things moving until the next update.

On the targets/bonus Davemate states, my view is that it can be set up so you can be doing the right things, and tick internal boxes, but the actual end result the market wants (proper commercial outcomes) takes longer, or doesn’t quite materialise on the expected timeline.

The simple reason I think nothing comes to fruition is, technical progress doesn’t automatically turn into real revenue at the speed investors are expecting including myself particularly because we've been told things about revenue before, so we keep getting updates on work/testing, but not enough proof that it’s converting into solid, measurable commercial results.

Why is this - no one on h re knows? You got to laugh!

Morning, strange language Mikeydj? It's not written in Chinese. You need to get off your high horse son, and let everyone know why you believe the SP will go up?

I'm sure you're aware buys vs sells move the price, but only news/updates change value. Without a PRN on a real milestone, the market doesn’t go up, also the news we're waiting for better not be another R&D milestone because in my opinion even if the SP went up 20-30% it is usually only temporary.

In addition, "a tick up” as Inforapennyortwo stated can get sold into immediately. Sellers can wait, then meet the price higher and pull it back down. Order book imbalance isn’t the same as a new reason to buy. It’s just timing and liquidity.

Level 2 is an eye opener, but it can’t replace catalysts. If nothing measurable changes, sustained upward movement doesn’t usually happen. So the real question isn’t how many sells/buys, it’s what new information forces fresh buyers to pay more?

We're still waiting, and until we get an update everything is pure speculation, and in QBT's case the market isn't interested.

Inforapennyortwo, you make a good point. However, even with more buys than sells, in order for QBT to rise it needs sincere positive news.

As we know from recent news QBT show progress, but progress is not a good as a clear revenue path and therefore not enough for the SP to rise.

We're waiting on the Method C / AI Oracle data, which hopefully we'll hear something in the next 1-3 weeks? Also the market is still pricing in further potential dilution.

To be clear, QBT buyers can be absorbed by near bid supply, hidden liquidity can replenish the ask ladder, and investors as I say are still be waiting for verifiable revenue outcomes rather than just R&D milestones and legacy-recovery progress. I appreciate it feels from news that QBT are progressing towards revenue, but until this news is officially released, the SP

won't move. QBT may get a spike, but it won't last IMO until the cash register starts rolling!

All IMO

Inforapennyortwo, there is no buying pressure. Why do so many of you say untruths when the evidence is clear?

Please for once let's get real. It’s unlikely QBT will announce a clear revenue path with the ASIC manufacturer in the next update because the recent PRN updates focus on technical milestones, things like getting the MDK fully operational, training the models, generating outputs, and running live tests. A revenue path usually requires independently verifiable commercial commitments, which aren’t the kind of details that show up in testing stage disclosures.

So the next PRN is more likely to say that live testing (and any model training/results) is progressing and that QBT will provide further updates as those results are reviewed, with next steps framed as continued development testing rather than a forecastable revenue schedule. More can kicking I'm afraid.

Steve, that reads as £30,500 since inception

QBT reminds me of that film Bugsy Malone scene where the guy gets told to “come back tomorrow" except at QBT you come back tomorrow, and the next tomorrow, and the next tomorrow......... Method B now C is just about to click and before you know it there are 3 years of tomorrows 🤦🏻

I’m not saying it’s a no, I’m saying it’s got the same energy as being politely punted down the road with a straight face. Tomorrow’s another day, but I’d love one day to wake up and it to be today.

I don't think it'll happen and when you take off your QBT googles, the picture is much more clearer, it's very unlikely anything will come from this punt IMO. In addition, I was speaking to a Fund Manager yesterday over lunch and I mentioned QBT (obviously he had never heard of them) and he said the likelihood of any AIM company reaching meaningful revenues percentage is single digits. The SP speaks for itself and Gardin. Since 14/04/2000 the SP has fallen 100% because of all the dilution. If there had been no dilution at the start of whatever AIM company it was then, the SP per share was £30,500.

Mikeydj, I never used the word failure. I'm trying to keep to the facts of where QBT are right now. Also, no disrespect to other shareholders but 1.3 million shares is worth approximately £4.6k (I can't see the value as AJ Bell are completing maintenance work), and that's not much money to me. Risk vs Reward Mikeydj. My whole portfolio can rise more than that figure in a day and I'm mainly invested in fund of funds. QBT is a punt. High Risk for High Reward, that's what makes it fun and interesting reading and commenting on this chat board.

Enjoy the sun ☀️

Mikeydj,the bond extensions and stakeholder support don’t equal proof of success. What matters is execution, which means commercial success, and recurring revenue, not forum speculation or confidence statements because that's what your post is - it offers nothing new to the conversation. The fact is investors can make rational decisions to extend timelines while still needing the business model to be proven.

Look, I want QBT to succeed, and reading between the lines I can see QBT progressing toward commercialisation work, but they do not, on their face, demonstrate that a paid, contractually binding commercial deal has already landed or is imminent from a named buyer. Until this happens, there's not much more one can say.

Hi Inforapennyortwo, I've answered your questions with my own thoughts. As with everything QBT we'll have to wait.......

Ok so let’s debate

1. What’s the point of Blockeeper unless it has a competitive edge, how else does its business model work, FG said the only way to get cheaper negotiated hashing is to offer QBT methods. - I appreciate and understand your point of view Inforapennyortwo, but the competitive edge claim is based on future commercial availability and/or porting/implementation, not evidenced as already locked in. This is a problem for me because nothing commercially has happened?

2. That’s a good board line up to Blockeeper, what has bought them in, what do they see, you wouldn’t want to be on the board of a duff business, would you? - What you're saying here is logical, but again credible people help with execution, but bought-in value is still mostly process for now, there are many who have joined boards and failed. We're going round in circles because at the end of the day QBT have not succeeded?

3. Method B, specifically mentioned as the best, what’s the deal with gains, why has it not been taken up by miners, do miners need to share source code for it to be implemented, how would it be used. - From what I understand over the last 3 years around Method B, is it looks more like internal testing than expectation of commercial deployment?

4. Is this a shop front for method B, will it demonstrate method B to other companies, as well as produce for Blockeeper.- At present it reads more like a mining cashflow vehicle than Method B is already deployed and being sold/demonstrated through BlocKeeper customers. That's my point, time and time again things are said, but to date nothing has materialised.

5. Method C, that should be running now, QBT should be seeing results and next week is the last week in June, will an update on developments appear, what will it contain, will it be a it’s inline with expectations as no figures will be released, will that be enough for a market rerate, QBT will have to say something. - This is why I'm here and hold just over 1.3 million shares, however, let's be clear we could get an in progress / milestone reached / preparing live testing style PRN, without numbers, and I'm afraid that won’t be a rerate on its own.

Have a good day

Hope I'm wrong!

Sensible debate welcomed, that above is what is flaring around in my mind rightly or wrongly.

Inforapennyortwo, you seem like a decent chap, but your posts are so one sided.

From the structure described publicly, the plan is that QBT seeds Blockeeper initially, which it has with the £100k investment, and BlocKeeper then seeks its own funding as it scales, hopefully?

What happens next no one knows? We certainly don't know how much capital Blockeeper needs to scale hashpower/offtake exposure, or whether BlocKeeper raises additional money itself? The fact is at present QBT may choose to provide additional injections if BlocKeeper can’t fund operations on its own.

Mikeydj,

All your post frame QBT as a pattern and a journey rather than addressing the only point that matters to shareholders, what has been demonstrated commercially?

Yes, claims evolve as projects develop. But the evolution you’re pointing to doesn’t automatically validate the outcome - that's why the bearish posters have a point! QBT shows that the bar for proof has been moving with whatever stage the project is currently at. When the latest material gap is still revenue, that gap is still material even if earlier milestones were reached, I'm afraid. You and Inforapennyortwo are too bullish and don't offer a balanced approach as I do.