Copy of my earlier BE email fyi20 Jan 2025 15:23
Dear Bruce,
I read with interest your recent piece on qbt.
While I am not in a position to question your healthy skepticism to the recent technological advancements by the company, I cannot help to be puzzled by your casual reference to the cash position of the company and the need to raise funds.
From what I can ascertain from open sources, the company is fully funded and no cash raising is planned. Are you aware of any further information, that leads you to conclude otherwise?
Also, practically all R&D activity is funded by the issuing of hundreds of millions of share options to the various teams at either 5 or 10p. But instead of highlighting this innovative approach, and the implied belief in the company from those involved, you chose to simply state that innovation cost and again funds are needed.
All seems somewhat bias and not exactly well balanced.
Regards,
xxx