RE: Quantum Data – this £2m scandal gets worse and worse, what is the FCA playing at?10 Nov 2025 08:17
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here it is .
last week i showed how quantum data energy (mast), then known as mast energy had used £2 million of a £5 million fund raise to pay firms which then placed bogus news stories from bogus newspapers, pretending to be genuine research claiming this was the uk’s cheapest share, to ramp its stock. but this gets worse.
on september 9 quantum put out a very weedy rns reach warning folks about these bogus articles, which, let us not forget, it had paid for. i am in no doubt that its hand was forced as its shares had zoomed from 15p to almost 200p on the back of this, and other, share pumping.
you would have thought that it would or could have told the firms commissioned, notably mavdb in puerto rico that they should desist from running such fake news. but no. pop up ads with strap lines such as “"the british stock that is minting millionaires from the ai energy boom" by the fake morningherald and "investors buying shares of mast today while it is still trading at attractive prices could see massive profits over the next few months" continue to appear on websites including london south east, zero hedge and even *************! they all come from paying google ad server.
if quantum boss peter krugel wanted to stop this surely as the paying customer he could. but he appears not to want to, perhaps because of all the warrants outstanding he’d like to see exercised, to keep his cash guzzling **** show on the road.
but there is further anecdotal evidence of the bezzle here. mast commissioned the research report below from acf equity research. it stated that at 79p the shares should 11 bag. they have, in fact, collapsed back to 20p.
the note basis its valuation on profits recasts which are less likely to be born out by reality than my predictions about my chances of hooking up with cheryl cole while watching west ham win the fa cup and premiership double on the telly. acf has form in this. you will remember that its predictions about sales and profitability at eurasia mining (eua) were 99% out and completely wrong respectively. but it pumped the shares allowing dodgy russians to sell shares making out like the bandits they patently were.
quite simply acf will publish wholly bogus forecasts provided by a listed company, without showing any critical analysis or professional sceptcism, in return for a cheque. krugel must know that the numbers mast supplied are pure fiction yet he paid for them to go out.
i note that as of 6 october acf equity research ltd is no longer fca regulated. it previously was regulated via the appointed representative route but is now not authorised to engage in regulated activities which, i take to mean, it cannot publish what it used to laughably refer to as “investment research.”
but its website and “research” on mast remain, pro tem, live.
this is such a monstrous scandal. anyone invested in quantum is literally insane