RE: Looking to buy few more today!12 May 2021 10:37
QBT has a market cap of £17m at this level. Not much hope value here yet for o/s legacy asset claims or new direction in AI/Crypto and Quantum tech. From the website there are claims, totalling over €30m, still outstanding. I am putting my money where my mouth is today:-
rights on the Mediapolis’ land auction proceeds, amounting to € 1,663,000 (of which € 1,480,932 already paid in 2020 and € 182,068 at the conclusion of Mediapolis’ bankruptcy procedure, minus € 50,000 used to purchase a legal claim against Mediapolis’ former director and internal audit team, valued by the receiver up to € 20m)
€ 10.8m claim against Sipiem previous management and Audit Committee
€ 1.38m claim against Sosushi previous management.
Sipiem SpA (50.17%)
Sipiem is a minority shareholder in T.L.T. SaS and owns a number of real estate assets in Italy, including a minority stake in the Ondaland Waterpark. It has issued a claim for € 10.8m against the previous management team and audit committee that was acquired by Clear Leisure 2017 in 2019.
Mediapolis Srl (84.04%)
Currently in bankruptcy procedure. Clear Leisure 2017 is the main secured creditor (see Clear Leisure 2017 section).
Sosushi Srl (99.97%)
Currently not operative, previously a Sushi restaurants chain in Italy. Clear Leisure 2017 holds a € 1.38m claim against the previous management (see Clear Leisure 2017 section) .
https://quantumblockchaintechnologies.co.uk/investments/historic-assets