Member Info for miker444

1.05 on the recent proactive interview.

Bamb he actually states we will start now as this will take a few months or words to that effect, that is if people are referring to partnerships in the US & Canada, which is what I allude to. That said he also stated, my words, that the semiconductor design program will be in tandem with the short term strategy, my take that whilst they are separate programmes one does not have to wait for the other to be finished hence my recent posts that we will get both transformational pieces of news in close succession.

atb.

Francesco was asked what is likely to be the next news to which he stated "Hopefully it will be about partnerships with the big companies" and that it will likely be a few months. So on that score I suspect a few means 3 or 4 months time. Would love to be wrong but cant see what we have that could generate an rns next week.

At a good stage of development in designing our own chip and testing the performance..." We are much further along than the markets realise, we will get 2 blockbuster news releases before the end of the year. If you think partnerships with miners is going to be big just wait for news of doing a deal with a semiconductor manufacturer which produces the fastest semiconductor chip globally WHICH can be applied to mining rigs.

I said this is another GGP in the making, I want to change that, This will exceed the sp rise of GGP and then some and that is not a ramp. This is going to be massive.

atb.

£400k buys v £160k sells, that's confidence in what we are going to achieve.

I agree this will bounce, but some unfortunates will sell only to see it rise again.

GGP did the same it made an awful lot of multi millionaires, incl me, so I know what I am talking about, my head did wobble because £4m hit my bank account. :¬)

For the lth's it really doesn't matter Jambone, Francesco stated that most of his time now will be in securing deals and partnerships with the 'big guys'. The R&D is basically done, all that work, 2 years of it, will now come to fruition, I know that , you know that, let this chat board do its thing ,short term it will not change the outcome.

Exactly, and it's only a 7% dilution not 10%.

We have circa $10m due from the Sipiem Court case, I suspect Francesco expected it to be in the coffers by now or at least part of it. This is just a stop gap to allow everything to continue moving forward as planned.

Placings can be very positive for a company if done for the right reasons and if this takes us up to securing partnerships then it will be seen as a drop in the ocean to what we get back.

Jambone your post of 21:52 is spot on and the 2nd paragraph starting 'Dude' is as i recently posted don't underestimate the importance of the appointment of Peter Fuhrman, (Sep 12th PRN on website) to our foray into semiconductors. His appointment in this field is as important as the appointment of Vlad in the 'securing contracts' area imo. just happens to be the mid term strategy as against the short term.

Francesco's comments " I believe Peter will have a strong impact...due to his vast network that he has developed in over 30 years of International Business in the US, Europe and China"

"Currently Peter is Chairman & CEO of China First Capital...with expertise in China's Semiconductor Industry...also an advisor to one of China's largest listed high technology manufacturing companies AND to one of Germany's largest semiconductor technology companies..."

I have picked the bones out of it but the full PRN well worth another read. Peter Fuhrman is the guy to have on board when he is rubbing (and has done or 30 years) the shoulders of China & Germanys semiconductor industry.

My point Jambone is as you state in your post the chance for an international semiconductor manufacturer to get the chance to produce a world beating chip more advanced than anything on the globe for a cut of the spoils is one they can't pass on. Why would they if their sole business is in the world of manufacturing semiconductors.

The news of a deal / JV with a global chip manufacturer will be as big an sp rocket (further down the line) as news of our first partnerhip/s with bitcoin miners.

atb mate.

So no point designing one then, do you not think JV's or partnerships with semiconductor manufacturers is possible. Peter Fuhrer was brought on board for just that imo. Hugely experienced with Semi-Conductor companies in China & Germany.

Onwards and upwards and that's just the sp.

atb.

Listening to the proactive interview where Francesco talks about Long, Mid & Short Term Strategy it does appear that the mid term strategy of designing our own chip is actually quite advanced and further forward than I expected. He states we are now assessing our architecture for 4nm so we will know how good we are compared to the others. Important to remember FG has 7 teams and that we can work on all the strategies, long, mid, short at the same time, not wait to finish the short term before we can start on the mid term etc.

He does state in the interview of 2 weeks ago that he considers the Intel chip to be the most superior in the market despite one manufacturer having 80% of the market. He mentions Intel twice and I think he is hinting this would be their preferred choice of chip to work on with our own designs.

So whilst a few months away for the hopefully signing of partnerships with a big boy (or two), it may well be that news on production or agreed manufacturer to supply us with chips is not long after, possibly before Xmas, certainly an initial announcement at least imo.

atb.

Which is why it might be better 2 partnership 2 big guns and not all and be less disruptive but get a higher percentage of the 10 min blocks to those 2 miners.

DSFLAT thanks for the reply, we are all here to make money and hopefully recouperate losses as well, we are greatly de-risked, the biggest gains will be on deals and partnerships, short term, and quite possibly if announced in a 7 am rns, which is likely, the sp will open in a vertical line / pre determined market price and it is much more difficult to get on a moving train.

Hop on board now mate for the biggest profit gains, if there is a big delay and the train does not leave you can quite simply get off at no cost as the train will not be reversing whilst sat in the station.

atb.

The *** is a 3 letter abbreviation for cigarette beginning with the letter F, answers on a postcard please.

sharkcatcher there are roughly 900 bitcoins mined every day, we could only ask for a % of the additional coins mined that qbt's algorithm gives as the miners would have mined all their original coins without our help anyway.

purely for *** packet calcs if the 2.6x was applied to all of the 900 ( which wouldn't happen ) then that would give a new total of 2,340, an extra 1,440. so 10% of that would be 144 bitcoins.

lots of factors come in to play, the safeguard system inbuilt to bitcoin would not allow those increased numbers for very long and re align to 1 block per every 10 mins or so. the biggest gains will be from the incremental price rise in bitcoin due to halvings and the difficulty to mine ( akin to moore's law ) in my opinion.

if we did manage to get 2 x big boys on board who between them mined 10% of the total coins and we got 10% then that would give us approx value similar to 270 bitcoins a month. extreme *** packet calcs but 27,000 bitcoins per mth mined x 10% = 2,700 x 10% = 270.

but as i say there are factors in play to keep coins mined linear so difficult to gauge unless as above done for fun.

atb.

Green flag

DSFLAT, a reasoned post and I have no beef with you whatsoever so a genuine question, I remember that you, like me, had a significant holding approaching 10m QBT shares, irrespective of any losses have you not considered getting back in, even if its just a couple of million.

I say this in all sincerity mate as the sp still under 2p could well add a nought in the next couple of months / as soon as deal with a major is signed. I don't think it is too late to see some incredible rises in the share price and this could well cover and more any previous trading hits.

I came good in GGP but lord knows I sold and traded some huge losses prior in chasing rainbows so I speak from experience and when ARB went from 3.5p to 7p I cussed that I had missed the boat only to see it hit an intra day high of £3.71 a few weeks later. I think we are still sitting in the station but the conductor is waving his geren flag to the driver so hop on if you can.

atb

Jambone if deals are secured on the terms that we get a cut / % profit of 'additional' bitcoins mined from miners, approximately what figure would you put on it percentage wise, I keep hearing 10% bandied about but do you not think FG could command a higher cut, say, 25% - 33% seeing as the miners would not get any bitcoin increases whatsoever without our algorithm.

I accept that the miners have all the costs, electricity, hardware / costs of rigs, premises, staff wages etc. but they would have to run this anyway in their current situation, our algorithm is a plug & play on 'existing' set ups so no extra costs on any of the above.

That said, even 10% for basically an electronic transaction from an infrastructure already set up and which just sits there could be very significant if as FG states we can get the big boys in USA & Canada on board.

atb mate.