Member Info for Plutuq

Mikey, correct. Basedogs post is very misleading.

Cheers

Basedong my 200 is ok thanks, I'm just here so I can have a stalker like you.

Good post BTW, almost coherent even

🤣🤣

I think you can buy a cream for that obsession you have with me Basedong!

Have you got an alert set up for every time I post.

You're making me feel uncomfortable

🤣🤣🤣🤣🤣

I've been looking over on the above and saw this.

Any views on what the poster has commented?

Talk of people going the AGM may want to ask these questions

A few thoughts on the accounts:

1.What are the terms of the 2022 agreement under which Infusion [Illusion?] Ltd provides the services of FG to QBT?The accounts and statement do not suggest that there was any obligation to pay the 'performance' bonus [£100k], or an increased basic fee.

2. How independent of FG are the directors of QBT who negotiated [volunteered?]this 33% uplift in fees?

3. If Infusion [FG] is in a contractual position to achieve a 33% hike in fees on the basis of the achievements in 2024 ( the year in which expected [by FG !!] revenue failed to materialise), what would QBT be constrained to pay in the event that the tech is commercialised?

Hint: there are only 2 alternatives. Either there was no contractual obligation to give the uplift and it was just a a 'gift' from a BoD dancing to FG's tune, or there was a contractual obligation. If 2024's results entitled Fg to that performance payment and hike iun basic fees, what would commercialisation and revenue entitle him to? And if a compliant BoD was prepared to make a non-contractual 'gift' of that order to Fg on the basis of the 2024 results, what would be the magnitude of the gift in the event odf commercialisation and revenue?

To my mind it is too generous to describe QBT merely as a hobby company. It is structured to provide a huge income to FG while it continues to make losses, and a vehicle for transferring the fruits of any success to FG. FG takes an income of staggering size in relation to turnover, capitalisation, size of workforce, his own hours, and accruing losses (do your own comparisons with other small companies). while standing to scoop the pool in the event of commercial success, without taking any personal financial risk.

Whose benefit is QBT being operated for? the CEO's or the shareholders'?

3. What special litigation expertise does FG provide to warrant his 10% cut of any Sipiem recoveries? It is pretty unusual for a CEO to have deal like that. As I see it QBT pays 100% of the cost of the litigation, so for FG it is a 'heads I win, tails I don't lose' situation, so he has an incentive to keep poring QBT's money into the litigation, however small the prospects of ultimate success. [Note: the Court of Appeal judgment was not final. It is under appeal with a decision 'several years ' off. Enforcement is not barred in the meantime, but any money recovered would have to be repaid with interest (and possibly an inflation uplift) if QBT loses the appeal]

4.Anyone thinking about investing in QBT should pay careful attention to the capital structure outlined in the accounts, particularly the bond terms. In the event that QBT 's tech does come good and the bonds are converted to equity, calculate the dilutive effect on the holders of ordinary shares.

Those who calculate shareholder risk /

KK- I echo your words but it took me about 2 years less to realise all of the potential downsides.

Angry that FG still continues to take extortionate fees when the company Still hasn't generated any revenue.

Exactly how much does he need for his consultation fees and I guess the retesting is paid for by us?

Let's just wait now as it is last chance saloon

F**k me Steve, now that's what you call spamming the board.

Thought I'd seen it all with constant reposting of PRNs but this is next level!

🤣🤣🤣🤣🤣🤣🤣🤣🤣

Is History repeating and how they ended up with billions of Shares pre consolidation.

Welcome back Koig hoped you managed to buy millions before it gets to 3p😉😉😉

My point being Jan is that you will never get an honest straight answer from anyone (including me 🤣) because it will be written to suit any narrative.

Most on here are just here for the wind up (myself included even though I have a small take)

It's just the way of these boards.

Jan- probably none of your business.

Open forum and lots if lies spouted so will always get some who dispute the answer. Everyone should give up with the childish, schoolyard moaning and griping. The sp is 1hat it is!

KK- eventually you have said something that I've been alluding to for the last couple of years.

It is not about being a troll or deramper it is about having an opinion on a share you are invested in.

And for everyone, no, I wont just 'sell up' if I'm 'that worried'

'Tree shake''

Loose hands?

Oh basedong.

If only i could decipher what you're saying i could reply.

Sounds like you are obsessed with me as there is so much crap written on this board you seem to want to highlight little old me for your ranting gibberish.

I'm touched. Thanks

For everyone who's been here for a while the results are what were expected .

Anyone new would think twice about putting new money in.

I see a drop today.

'3p plus by Friday. Or my reputation is nothing'

A reputation for posting inane gibberish on LSE?

Or tell us what reputation that is then?

Please enlighten us.

Koigg, forgive me but you sound desperate.

🤣

OSD

I agree that a placement may not be needed but QBT will need funds to get the product to revenue and placing is probably the best way.

They had 2 mill from lat one and don't know how long that will last especially with everything they say is going on right now?

Great to have Jambone back btw. Wonder what personal suthy is under?

'One of the things that is just not credible for me is why they would carry on developing Method A?'

That's what the raise will be for...'taps nose, taps temple. Think about it, I thank you!'

Pablo 'The break-even-and-out crowd'

That's a good result with this dog.