Member Info for Pedrobull

Lol

Bitcoin could rally to 10 times $100,000 and Altcoins could follow but guess what?

QBT will still be nailed to the floor with FG getting paid for delivering SFA

3nm technology is amazing and 1st quarter highlights read very well

Its a problem if audit cant be done but i bought today.

Buy Long Stay Happy

Q1 2023 Trading and Business Update



· Record quarterly bookings, exceeding US$100m for the first time

· First 3nm design win with a top North American hyperscaler

· Design win with a leading APAC customer for our leading Gen6 PCIe SerDes and Controller IP

· Strong rate of quarterly design wins reflects the scalability of our technology

· Expanded customer base with 8 new design wins, including 1 new custom silicon design win and 7 IP licence design wins

· Management remains confident in the outlook for the business

I think this is buying opportunity.

Having been the treasurer for £400K turnover amateur sports club I have seen an Audit and its not nice. We changed the club constitution to remove "audit" and changed it to "prepare" accounts.

The accounts had not been audited for 10 years but no-one noticed (even though they clearly stated UNAUDITED) until we got new accountants in. Kind of like the SNP in Scotland except no-one fiddled ours!

LSE market listing obv needs an audit process though. I'm a buyer after the Q1 results.

"Although the audit procedures are substantially complete, and the Company does not expect any changes to the preliminary results, the Company's external auditor has requested more time to complete its internal oversight and assurance processes before issuing its formal audit opinion. The principal reason for this is because of the additional procedures required in connection with the first-time audit of the Company as an enlarged group following three transformational acquisitions over the past year. These transactions included both whole business acquisitions, carve-outs, debt financing, and a 366% increase in headcount. "

https://www.deepmatter.io/application/files/9616/8240/3334/Deepmatter_Letter_to_Shareholders_-_Apr_23.pdf

Read to me like a million to 1 consolidation

The Group plans to raise £1million through the issue and allotment of 6,533,230,615,000,000 shares at
the Issue Price of 0.000000015306363 pence per A Ordinary Share, through Direct Subscription and an
Open Offer (the “Fundraising”). To enable this, the Company will make a slight modification to its Articles
of Association to create a new class of ordinary share with a lower nominal value.
The Fundraising is conditional, inter alia, upon Shareholders approving the Written Resolutions. The
Written Resolutions are contained at the end of this document.
In order to provide all Shareholders with an opportunity to participate in the proposed issue of New A
Ordinary Shares, the Company is providing all Qualifying Shareholders with the opportunity to subscribe
for an aggregate of 6,533,230,615,000,000 Open Offer Shares, to raise up to approximately £1 million,
on the basis of 1,000,000 Open Offer Shares for every 1 Existing Ordinary Shares held, at the Issue
Price, payable in full on acceptance. Qualifying Shareholders subscribing for their full Basic Entitlement
may also request additional Open Offer Shares through the Excess Application Facility.
In setting the Issue Price, the Directors have considered the process by which the New A Ordinary
Shares need to be offered to investors to ensure the success of the Fundraising and raise a significant
level of equity compared to the previous market capitalisation of the Group. The Directors believe that
the Issue Price is appropriate in these circumstances.

I just missed it, closed 16:30 today.

Seems to be a VERY low price unless HL got the decimal place wrong.

forget gold and metal detector more like needle in haystack

If you look back through the RNS/PRN you will an RNS to say they were fully funded to the end of 2022, this was released BEFORE the John Story warrants etc and a further £1million was bought in so I would have thought we would be ok till 4th quarter this year on that basis ?

It might be okay till end 2023 be interesting to watch and see when the 2022 results posted.

The 2021 results said Loss before tax 5,449,000 Euros

Box office sales - So what!

This business is being saved by its lenders, the cinemas will stay open and people will keep their jobs.

Shareholders lose out boohoo dry your eyes.

The word "Cash" appears 63 times in the 2021 Final Results released on 30th June 2022

At year end Cash and Cash equivalents were Euro 1,039,000 (not sure why they report in Euros).

Remuneration of the highest paid Director was €327,000 (2020: €267,000).

They will need to raise to more cash soon I think.

So is it hardware on software?

An ASIC is hardware but I doubt a couple of university students and an aging theoretical physicist are designing new hardware. So it must be software that makes ASICs run faster, simples eh?

31 Dec 2022 - £2.1m cash and cash equivalents at year end.

"Following payment of fees relating to the potentially transformational transaction which did not progress because the vendor made other choices and 1st anniversary earn out payment for Threat Status Limited, cash at 31 March 2023 was £0.5 million. The Company anticipates that it will need to raise additional capital later this year as it continues to progress towards cash break-even and further announcements in connection with this will be made in due course."

Burning £1.5m in 3 months and going to run out of cash very soon with 70 employees!

Raised £3.6M last year, choices are make staff redundant or grow the business by selling it or issue and sell a lot more shares.

to save you the click

"There is also Quantum Blockchain (1.58p), the AIM-quoted group with an interest in the arcane world of quantum computing.

Chief executive and Italian theoretical physicist Francesco Gardin leads a research and development team trying to develop a new way of mining bitcoin using proprietary algorithms to give miners a competitive edge."

My question is how much does FG get paid every year?

Barclays raises Dr Martens price target to 210 (195) pence - 'overweight'

Bank of America cuts Dr Martens price target to 210 (215) pence - 'buy'

£8m now

RoW toast

was looking really bad but recovery to 105 and the Refinance agreement of 13th April RNS looks good

"Following the signing of the Group's comprehensive refinancing, the Company is pleased to announce a new annual dividend target of 6.6 pence per share for the 12-month period that commenced on 1 April 2023 (a 4.8% increase on the dividend target for the year ended 31 March 2023).

The new divided is anticipated to be paid in four quarterly instalments and reflects the Company's policy of paying a progressive dividend which is fully covered by net earnings."

this will be suspended without warning, the only opportunity is to ignore any cheap buying urge and if you hold any sell ASAP

"The Board will continue to look for ways to extract value from the Group in the future and to rebuild operations."

Whilst paying themselves handsomely with any remaining cash reserves the business has access to for doing nothing.

These shares are NOT cheap at nay price and will be suspended without warning.

AVOID

So Tellworth have a 0.51% short on Gamma

Looking them up they are long/short Fund Manager only started in 2017

Hopefully they are caught wrong sided here and have to cover at a loss.