Member Info for LtdAxis

Have bought out WeShop today. Does anyone know what they paid per share? We have about 1.5% of WeShop

Who did Cairn and Shell negotiate the farm outs with Draft? Wouldn't have got much done if they'd been playing around on the sea bed.

The share price hasn't yet really reflected the steady if 'unspectacular' progress here.

Going ahead

He’s an M&A specialust , for what that is worth!

All the strategic decisions that make or break this company will be made at board level , not scouting around pi’s for their opinions . I expect we will amalgamate or be taken over at some point and whilst NEDs might seem to do nothing much of the time , a good deal down the line and they’ll earn their money .
Of course many earn a lot for doing nothing but if you want to take on the whole corporate world then fire away ;)

A bit unduly negative Draft? There might be a strategic reason as yet unclear and he’s not an unknown .

It’s a modern day gold rush. Some will strike it lucky and make a fortune, but many will not .
The main negative with Qbt is the amount of baggage they are carrying . If this was a stand alone company purely launching their r&d strategy then all well and good and one could invest ( or not) simply on that . But it is wise to at least pay some attention to the historical stuff here

To be fair Suthy what have I posted that isn’t actually fact from the companies RnS s or from information on companies house? And I’ve always been upfront about trading it … which after all is what people do with shares. And at 100k a time it could hardly be described as trading it to death .
I do think it it is overvalued at 3p+. That’s my opinion . If I’m wrong you’ll be happy ;)

Lol Steve. If you only knew ….

I won’t be disappointed;)

Garwool: if you had the option to wait and be paid 3.4m euros+1% yield in a years time , or get 300 million shares worth 9m euros at current price which would you choose?

It’s not clear if the conversion terms also apply to the other €3m of bond debt held by eufingest

Lined up to convert bond debt to shares @1p a share That will be circa 300/340m more shares in circulation. If they sell at an average of say 2.5 p that’s circa €5m profit for eufingest , 30% dilution to the mcap, but a sizeable chunk of bond debt cleared .

I believe cairn energy are going down this route…hence why DELTs prospects are valuable to them.

If one stripped everything else out of QBT and it was simply the warrant cash from JS+ recent placing cash and the ambitious R&D programme, with everything that promises, the value, divided by 915 million shares would be about 0.16p (based on est. 1.5m cash in bank for r&d, )+ an initial multiple of 10x for potential =a share price of circa 1.6p.
If you add the rest of the company in you're looking at a share price of 0.75/1p at best in my opinion. But I know that's not shared by many on here.....

Whilst there is undoubtedly a good deal of genuine excitement and potential with the current crypto strategy , with the current financial position and historical debt ( less potential court wins), I would suggest this is overvalued at 3.3p.

But positive sentiment can do wonders on AIM

0.25p would be a reasonable target .

Never denied trading it FINTECH! Sold at 3.84 this week. Only buy in batches of 100k shares. For the record I STILL stand by my 0.75-1.75p end of year share price.

How is the financial position of the 'group' not relevant ?

Happytobemike:

If you look on companies house the most recent accounts (posted September and for 2020) of Brainspark Associates, and Clear Leisure 17, the two most notable subsidiary companies of QBT, have net liabilities of €36.3million, even including what they expect to get from Sipiem. On top of that QBT has net liabilities of €2.37million.
Is that trying to muddy the water or presenting a useful 'fact' for investors to balance their decisions in the face of all the hype about crypto.?

Sold his shares before the court case latest hearing was known.