Member Info for miker444

OK, I'll sell up now, thanks for the advice.

Signing a Deal and an Income revenue stream are separate timings. A deal could be signed in a month but the revenue will come WHEN the deal signed on paper then produces a 'product'.

The sp on a Deal will go north and then on revenue continue upwards.

MrH, agree, the sp reached 3.85p a while ago on sentiment and potential alone, we were no where near the stages we are now at. 2 distinct directions, Firstly, testing on a Bitmain Antminer S9 which if successful will give access to after market control board manufacturers, discussions of which have already been made with large Bitcoin Miners.

Secondly, the NDA with the ASIC Chip Manufacturer using their latest rig, latest ASIC Chip. On successful testing a deal will be highly likely hence the manufacturer wanting to keep results private and for their own benefit.

Good Morning Hexam, for someone who holds 400,000 QBT Shares it almost feels like you want to be negative on everything, even positive news. Bit strange, I take it you do hold shares?🤔

KoolKat I am perfectly calm, thank you. So you accept there could be a deal, that's a start. Do you think a deal with a Major Asic Chip Manufacturer will see QBT sp stay at 0.5p? Hexam quoted 10p, what would your figure be? Serious question if a deal was signed?

Even Hexam quoted 10p, this figure will be achieved just on news of successful testing, once a deal is signed with a Major and the MarCap is calculated on revenue stream then 30p - 50p will seem peanuts.

So, let me get this straight. Are people now saying that it is not CARDBOARD!! but an actual rig? Don't be ridiculous ffs!

😁

The Company stresses that the US patent application will have no negative impact on the progress it is currently making with the two tests it is conducting on the software version of its Method C AI Oracle which does not need to be protected by a patent at this time.

Test results not affected nor a potential deal with a Major affected (On good results). Results 2 - 4 weeks.

Exactly, Successful tests will start discussions of a Deal / Contract, I wasn't saying that deal or contract had been agreed just that they would have had generalised discussions about what the monetary value could be for both parties and, testing, if successful, would lead to discussions relating to a DEAL or signed CONTRACT.

A signed deal is totally different to having discussions during supplying the rig, source code, mdk etc.

F G will know the value of what a deal will be worth as will the Asic Major. Doesn't mean anything has been signed.

Mrhanji, inclined to agree as per my post this morning where I alluded similar in that the effects of testing would be seen very quickly even if they maintain a duration to give a mean average over the whole month.

Disagree, as a manufacturer I would have worked out what a 8% - 12% increase would have to my balance sheet otherwise you would go through all the process and even if successful could then find out it is still not worth doing. Add the response of F Gardin who smiled and said he wouldn't divulge the financial figures but with a big smile said it would be 'material'. To me the blue print of a deal has already been factored in (on success of course).

But it is good to have differing opinions and you backed up yours with a reason so respect to that.

Just a few weeks anyway then we will all know, once and for all.

UserSteve, my post was rhetorical, I was not asking a question but making a point that a deal would have already have been discussed.

Obelix, apologies was typing and didn't see your post, looks like I basically copied it but not the case mate. We are thinking alike in that the Asic manufacturer is not doing this out of kindness. This is their business and that business is in wanting to make money. Plain and simple.

atb.

OSD nail on the head mate. I ask myself this. Why would a Major Asic Manufacturer handover a Rig, a Source Code, an MDK Kit, basically their latest state of the art technology if there was no intention, upon a positive result, to continue towards a deal. What would be the point if QBT increase the speed circa 10% and then what? They walk away?

As sure as you can be talks of a contract / signed deal would have already been discussed on a successful test. F G will know a ball park figure of what that would give QBT as a NAV. He stated a 'material' uplift.

£500m - £1bn has been quoted. Do the sums and Yes it has to be successful. News in April for sure, I think first half of April as it will show very quickly if it is improving the performance.

The main points of your post are correct in that this is it, no more jam tomorrow, it will be transformational or a pipe dream

Clintek, totally agree. QBT reached an sp 4p+ on sentiment alone. After what has, at times, felt like an eternity, to finally be at the stage of testing with a Rig, an Asic Chip, and a Source Code all provided by a Major Company is a pretty big deal.

It is entirely possible that if a deal with an Asic Chip manufacturer is achieved on positive results that the sp will re-rate to double figures in an instant.

I predict anywhere from 30p - 60p on a signed contract that gives a revenue stream. Even if only 10p is hit why would you not buy in with the sp just 1/20th of that.

Do not have to invest an awful lot at 0.5p to get a fair amount of shares which will see many multiples.

The auction start price is offered at 25% lower than valuation, so unless unsold may well reach the valuation figure of 350,000 euro's or more. I would expect a developer to be the buyer who may pay a premium. Either way it is just 6 - 7 weeks until auction so that will be a welcomed sum to hit the QBT coffers.

As some have said after all the waiting, and as an investor it has been tough, the 'rig' rns seemed different to all the rest and the light at the end of the tunnel is, finally, within sight..

"This key step of the process will hopefully allow the Company to finally deploy its AI technology on one of the most advanced mining rigs currently on the market. A successful outcome in our Milan lab, will, we believe, be the pre-condition to entering into contractual discussions with the ASIC manufacturer."

"Initial testing of the nominal specifications by the Company's US-based consultants has also been completed"

The Asic Manufacturer having witnessed the results of the initial testing in the USA THEN decided to part with the latest rig, the source code (A closely guarded secret), the Mining Development Kit (MDK) on the back of that initial testing.

What did they see to allow all that? They saw ££ signs, simple as.

atb.

A deal with a Major could be worth £500m - £1bn if it produces the most advanced Asic Chip in the Bitcoin Industry, therefore it is not unreasonable that the Major could offer a Buy Out of $100m+ plus a % of the royalties. I have seen this before.

Need results to be positive which I believe will be.

Block Inc produce their own Asic Chip and just 3nm. I wonder....

Good find DSF, If it is the rig in question it sounds state of the art. A deal with an Asic Manufacturer Major will send the sp in to orbit.

The Asic Manufacturer would not have parted with the source code to their latest chip if they were not confident and had witnessed promising 'detail' from QBT.