Member Info for Phimx

Llewelyn: You post

" i’m buying more, read the RNS, should make 6-8p ps soon 👊"

Give an advance of your buys to verify what you post !

My money says you wont. I think your just another bluffer

WillIwontI: You post

" Phimx, I know what I said, I wrote it! but keep up your constant inane opposition it obviously helps you somehow, can't think of any other reason you live on thus board."

It's a discussion board, you write excuses for Gardin's drivel and I reply explaining why your post isn't sensible or

Credible

Got it ? If you don't want discussion don't post!

Mrhanji: You posted

"They have already done live testing with method c so there shouldn't be any more major hurdles left.."

What were the results of the live testing ?

WillIwontI: You post

" do believe the R&D has been very badly managed and communicated by a naive FG who obviously didn't grasp the loop holes the process of R&D to Commercialisation needs to jump through. "

What ?

He was supposedly backed by a team of 20 or so "world class experts" surely one or two had had the intelligence to correct his delusions?

It took one and a half years to realise they could not test because the Oracle was not integrated onto the tester's ASIC. It is unbelievable that any ASIC manufacturer would not understand the requirements to carry out a detailed evaluation from day1. Evaluating and testing FPGA and ASIC designs represent a very big percentage of the manufacturing cycle. This is just too absurd to be true. Who was paying for all the work to be done? There was no contract/deal announced, compare with the recent interview and the claims that legal paperwork has to be completed on top of the NDAs.

RNS: 24 June 2024

" QBT is currently collaborating with two ASIC chip manufacturers who are about to begin detailed evaluations of Method "

RNS 5 December 2025

" Joint analysis of the hardware version of Method C AI Oracle had previously commenced with one of the three ASIC manufacturers, as announced on 8 April 2025. However, due to the need for the hardware version to be integrated into the ASIC architecture, a process which could take up to 18 months for the new chip to come to market, it has been mutually agreed to give operational priority to the new software version, as a commercial roll-out is expected to be achieved much faster with this approach.

Therefore, in light of the above, QBT's involvement in a design collaboration for a new ASIC with this or any other ASIC manufacturer will now represent the second phase of any commercial relationship, following a successful roll-out of the software version of Method C."

RNS March 2024

" The Company has, over the past nine months, entered into early-stage exploratory discussions, under Non-Disclosure Agreements (“NDA”), with two large mining rig manufacturers in China and North America and with two of the largest US Bitcoin mining companies."

Mrhanji:

Best buy more shares then !

Usersteve:

Thanks for the transcript, it does highlight his waffle about needing to obtain details of the ASIC to train the Oracle.

"the design of this ASIC because we need to understand how they work internally,"

In RNS 5 Dec 2025 it's all about the software version having priority because they have put the ASIC development on hold until the second phase, he writes

" has been mutually agreed to give operational priority to the new software version, as a commercial roll-out is expected to be achieved much faster with this approach."

Since the software version is ASIC independent then most sensible people's interpretation would be you don't need specs and details of the internals for the software to work.

What is astounding is Gardin has control of the interview and the questions yet doesn't prepare his answers to give a professional and credible perfor.ance.

The RNs and interview conflict, Gardin is seriously amateurish with game he's playing

Mickydj: You post

"There’s a common pattern that appears across many AIM and small-cap boards and in particular this. RNS brings out droves. It usually starts with a strong negative or positive claim. Then follow-up posts repeat or reinforce it. Over time, repetition can make opinions feel like established facts, even when no new evidence has been added. You have seen this before right ?"

Of course there's a common pattern, posters finally have something to post about ! In this RNS instance posters are discussing and disecting the lack of substance and inconsistencies in what is written and what Gardin said in the interview.

You seem to recognise that all sceptics are different and therefore are not the same poster. Well done. Sometime soon you'll realise Gardin has your money and not us but I think you already know that.

Mrhanji

You must have far too much invested also. Your bravado is commendable but very transparent.

Usersteve:

And do you think investors are any the wiser. He burbled on about needing to know details of how the ASICs worked but as I posted earlier Method C software is independent of ASICs

I'm sure Mickdj and Mrhaji will blame all the nasty shorters and derampers for the fall in the share price but with a pathetic interview like that it's obvious where the blame should be placed. It was simply very poor and he obviously has nothing of any real substance to push the story forward.

Another star performance by the mumbler in chief.

Just listened to the interview, another confusing talk!

Previously he has stated "However, due to the need for the hardware version to be integrated into the ASIC architecture, a process which could take up to 18 months for the new chip to come to market, it has been mutually agreed to give operational priority to the new software version, as a commercial roll-out is expected to be achieved"

Fine, but in the interview he talks about training the Oracle and it has to be specifically the ASIC used in the machines. QBT have to understand how the ASICs work internally. He goes onto say there is legal paperwork for the software and it's not as simple as signing a NDA and coming to pick up the machine tomorrow.

It is confusing because we don't know if he's talking about the soft or hard Method C. We know fro. RNS 12 Nov 2025

" the performance of this new software-only version is independent of the ASIC being used in the miner."

So what on earth was this update about?

PS: incidentally what was learned, after waffling in other RNS about the 10,000s of Chinese after market boards, which I believe was another one of his focal points for revenue, the Chinese were giving nothing away to enable any progress. No ASIC or software details. Obviously if the Chinese were actually approached, they had no interest in what Gardin had to offer.

RNS: 4 Feb 2026

" The gathering saw key representatives of the Bitcoin industry attending as participants, allowing QBT’s management team to engage with those ASIC manufacturers which have signed NDAs with the Company. These discussions were focused on the timing for the delivery of both hardware and software from these potential customers and commercial partners. It should be noted that partial access to source code has already been granted to the Company."

The RNS says virtually nothing, it is bloated with filler words and phrases. Discussions about delivering a few mining rigs and software. Doesn't Gardin know about DHL, UPS and FedEx. Why does fluff like this have to be in a RNS, it's routine for tens of thousands of companies each day.

In the RNS 5 Dec 2025 Gardin said

" ... The process has reached the stage where these three companies will now be needing to make their mining rigs available to QBT's testing team at its laboratory in Milan, with access to their relevant source code..."

So here we are 2 months later and Gardin is supposedly still discussing delivery of miners and software from the NDA companies.

An absolute joke, is that the developments since the beginning of December. Mrhanji and Mickdj You believe this is a serious R&D company, I doubt you do. No-one can be that foolish

RNS: 4 Feb 2026

" in order to quickly implement its Methods onto this breakthrough environment"

It is truly incredible how fast QBT is capable of implementing nothing

Is there photos of QBT's " management team " at this event ??

Show me !

Well there's a RNS about nothing. I guess he had to find something to write about!

Mickydj:

The only supporting evidence for verifiable facts, over the last 5 years, is a couple of photos Rios and his mate. Everything else has come from Gardin's mouth or pen and his failures to deliver places much doubt upon his claims.

Talk of verifiable facts is not credible.

BUT

From all drivel written by rampers, sceptics and Gardin. The one undeniable truth is:

𝗡𝗼 𝗱𝗲𝗮𝗹𝘀 𝗮𝗻𝗱 𝗻𝗼 𝗿𝗲𝘃𝗲𝗻𝘂𝗲

Mickydj: You post

" Presenting a single headline figure as universally applicable , even if described as “design only” , still ignores those variables."

Of course it ignores those variables. The figure only provides an indication of the costs incurred designing an ASIC. What fool would take that figure as gospel, it isn't a quotation!

It's akin to the type of information pumped out by Gardin, it's lacking references or specific conditions.