RE: Sp14 Jul 2022 23:32
Good evening Starship. I have been involved with this share for many years although I am not currently invested. It has always been a notable feature that there has been a collective will with the majority of posters to pull the wool over peoples eyes (and their own) over the true fundamentals of this company. I know I will be shouted own for saying any of this, but what the hell. I'm not out to discredit anyones investment (I've been well under many times here), but sometimes it is helpful to have a balanced alternative view. And to be honest I can't sit here and say anything with any authoritity or actual knowledge, as there has always been precious little of any substance to hang an investment decision on here. As somebody once said, the true value of CLP (now QBT) is not knowing the true value :)
So basically this is a group of companies within the shell of the AIM listed QBT, formerly CLP and formerly Brainspark.
Brainspark Associated Ltd. is a still trading subsidiary company where most of the historical debts are parked, not far short of €40m. I have always held the view, or at least strong suspicion, that all activities of CLP/QBT are to keep things solvent long enough to recover some or all of these historical debts. By keeping things solvent I mean running with the idea, whether it be success in litigation on historical court case, or that they are going to somehow come up with the fastest mining chip ever designed, that there is a lot of jam tomorrow. Whilst enough people believe that then they can secure enough funding though placings/warrants, reorganising debt etc. to keep the lights on .
But where will the money go.
CL17 will be the beneficiary of any incoming litigation success, and they are heavily indebted and wholly owned by our 'benefactor' Eufingest as security against these debts. It is my opinion that none of that will make it back into the coffers of QBT itself.
Miner One is basically dormant and defunct.
The R&D being undertaken is through a subsidiary offshoot company based and registered in Italy, but still under the overall QBT umbrella.
If any one thinks that even a modest success in litigation or in the R&D programme will have any long term positive affect on this company then you are kidding yourselves. Of course if enough people believe in the story, then in the short term positive news will bring a bounce. It has done many times, which has made this a good (if challenging) share to trade. But as a long term prospect it's junk.
All my opinion of course .
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