Member Info for RKBeekeeper

AIM Rule 26

Shareholdings updated with data from 20th December 2022

With disclosure of Nominee accounts, they account for 85.54% (bulk currently held within HL @ 29.4%

Not included in the above because they are now under 3%

Luke Johnson 25 million
An Idea Lives On 22,321,918
TMS-EKAB 11,000,000
Mr McBride 8,263,250
64Bit 7,868,130

If the above are still shareholders, then that’s another 7.46%

RKB

PS Anything else updated on our website or are we waiting for the all-important news before there is clarity?

I can’t even calculate or guess what price we have to break.

I have said often it’s the herd that drives the share price and the herd have scented something and they will be gathering like they do in the Serengeti.

I am going out to the Glasgow Royal Concert Hall this evening so I will be offline till tomorrow.

RKB

Good afternoon Jamrock

Yes, I tend to put a “strong buy” on my posts as this counteracts the trolls which, fortunately have disappeared recently.

It appears that some have sped read my post about Addisonshare “Options”. If I could personally award him Options, then I would because he is an asset to QBT because he admits his mistakes and is 100% + positive for our prospects just like our Team of 20 Experts.

Also, it appears many have not fully understood the significance of today’s RNS.

Yes, we have Options 2.5 million @ 5p which expire in 10 weeks.

Think about it this way. If FG had first issued an RNS that said something like “we recently achieved 30% improvement in our algorithm which while it was being independently verified, our other Team has improved substantially upon this 30% and this has just been verified as xyz%. As a result, with this vast improvement, we have today lodged several new Patents.”

What would we have to say, if after the above that FG goes and issues the Options as detailed in today’s RNS? Some would question why the Options are being given out now.

The Options have been allocated today to reward and incentivise the “Experts” and this particular “Expert” has been allocated 2.5 million @ 5p for exercising within the next 10 weeks. To achieve this exercise, I indicated a share price of 8p

It could not been more clearer in my opinion that we are about to announce the information that we have all been waiting for the past year or so.

Merry Christmas

RKB

PS You do recall when I spoke recently (think it was last week) the I said FG was the most upbeat that he has ever been. It will be a great 2023 for all LTH.

I am out with Mrs Beekeeper (under duress) so will reply later today but DEFINITELY before tomorrow.

RKB

I wish.

No they are not.

My instinct says news this month.

It’s no coincidence that Options RNS issued today don’t want to mix it up with the BIG NEWS.

RKB

Addisonshare Options

As it is Christmas, FG has decided to grant 5 million Options @ 5p to Addisonshare for his stellar support throughout the year.

Addisonshare was granted these 5p Options because he has been loyal throughout the year and these Options will ensure that he remains loyal for another 6 months. Options can be exercised from 6/06/23

Now we all know that the cost of exercising 5 million Options @5p will cost him £250,000.

Addisonshare does not have £250,000 (see his previous posts) so how does he fund his £250,000?

He could go to his Bank and ask for an overdraft, but the Bank will not lend him £1 even if the shares were 4p (because they would be under water)

So, what price would QBT have to be for the Bank to lend £250,000?

I think the Bank would be happy to give him the £250,000 if the share price was 8p

If he then sold 3,1250,000 he could exercise his Options, repay the Bank and he would be left with 1,875,000 Options which would be worth £150,000

Exercising the Options @ 8p maybe unwise as it would be close to the 10p Options and there are 127.5 million of them.

There are 137.5 million Options @ 5p which includes Addisonshare’s.

RKB

PS FG gave me an early xmas present and I will open it 2 weeks after St Valentine’s Day next year. (It’s in today’s RNS did you miss it? Its only 10 weeks to the day)

Revenue

FG has said that he aims to generate revenue. “We can licence our software and get revenue like a percentage of the extra mining that miners will achieve by using our software and that will not dilute investors (shareholders) and will generate revenues.”

Using our current number of shares in issue of 998 million (ignoring any Eufingest conversions and Options being exercised) what value would the Market ascribe to QBT if we generated revenue of £1 million per year?

While I wait for some thoughts, I will compile a Post on one of the new “experts” that was granted Options at 5p that can be exercised in 6 months.

RKB

Proactive Interview continued.

“No, it’s fully operational, it comes with a very able and talented team and a couple of people will join us from Goodbody, so it will be operating under our stewardship right from day one and what we will be doing in the first two months is fully integrating the teams. One of our strategies is to formulate products in Scotland as we do at the moment and now manufacture them now in the UK and Europe and in additional to that there is the additional revenue stream of selling CBD isolate & CBD distillate not only into Europe but also into the UK. We are very optimistic that revenues and new customers should follow. The objective here is to become that service to the CBD industry of being able to provide the raw material CBD, manufacturing and all the services that are needed for that customer to take that product onto the retail shelf.”

RKB

https://www.proactiveinvestors.co.uk/search/advancedSearch/all?keyword=voyager+life

Proactive Interview

“We have announced an acquisition of a CBD extraction and manufacturing facility in Poland, which we bought from Goodbody and we paid £1.5 million for the business (£500,000 in cash and £1 million in loan notes) and we supported that with a fund raise of £500K (£200K from myself and our Chairman) and Voyager it is a very significant move in our development.”

‘So, what was it about this deal that was so attractive to you that you decided to put your own money in?’

“The two things that stand out for us is that it makes us pan-European and also gives us full vertical integration. Since the advent of Brexit, one of the challenges we have with European customers is the inspections by Customs, we have never had a product lost or ceased but it can often take three weeks to get a product into Europe. The other challenge our European customers have is that they have to pay duty. What this facility in Poland does it adds an additional revenue stream in that they extract and produce CBD isolate & CBD distillate that we can sell as raw material and it also gives us the ability to manufacture in Poland products that we have formulated and created in Scotland thereby servicing not only our European customers but more importantly a much wider market of potential CBD businesses.”

‘So happy do you think your investors should be with the price that you have paid for this place?’

“On an asset basis it is a very fair price. On the last time this facility changed hands for Canadian $24 million or about £14 million at today’s exchange rate, that was right at the top of the CBD Market Boom so it would not be correct to compare yesterday’s prices with today’s prices, and the previous owners jointly between them have invested considerably and in particular have built the central part of the facility which is the extraction part. So, £1.5 million we think we have paid a very fair price. On an asset basis we think we have got a very extensive facility for a reasonable amount of money and now we have to turn that asset into revenue.”

‘Speaking of revenue, you are going to over the running of the facility (on 1st January) is there anything you need to do to get it up and running or is it currently operational?’

RKB

Proactive Presentation

Nick has given an interview to Proactive.

I will post full details of the interview on Monday

RKB

https://www.proactiveinvestors.co.uk/search/advancedSearch/all?keyword=voyager

Good Morning Lemmyquid

The Bonds using conversion of €1.1 to £1 is about £4,364,000 (note this is not todays rate but the rate I often use to keep it simple)

£4,364,000 would convert at 5p into about 87,280,000 shares.

This would increase the shares in issue by about 8.75%

Our Debt of €4.8 million would no longer be a debt on our books and as our nominal capital is £0.0025 this would be a premium of 1,900%

Another way to look at this would be look at QBT doing a placing at 5p and issuing shares. It works out at a premium of 1,900%.

QBT would issue 87,280,000 shares at 5p and would receive £4,364,000 which would then be used to repay the €4.8 million Bond. But as it would be a straightforward conversion there would be no Brokers fees etc which save QBT a fair bit of money.

RKB

PS Jamrock is correct, the share price would have to be above 5p before Eufingest would entertain a conversion but they have entertained us for over 7 years.

PPS If you were to use 1p as the current price then we are looking at a 400% increase to 5p.

Good Morning ComTruise

You must be the one everyone gravitates to in the kitchen at the office parties.

Did you see the article in the Scotsman Newspaper today?

“This acquisition simultaneously fulfils two of our objectives, namely, to extend our business into Europe and complete our vertical integration. Voyager will now be in a position to control the CBD supply chain from extraction to manufacturing to product accreditation to retail. As our VoyagerCann manufacturing division has grown, we have increasingly dealt with European customers who, as a consequence of Brexit, may find delivery times are elongated due to customs checks and prices are distorted by customs charges.”

“Going forward, our product range that is already formulated and made in the UK can now be manufactured in Poland and distributed across the European Union’s single market. The retail prices of CBD products are under pressure, and we are now not only well placed to protect our own margins but also to offer better deals to our end customers.”

RKB

https://www.scotsman.com/business/scottish-cannabidiol-firm-voyager-life-seals-seven-figure-breakthrough-push-into-europe-3956119

Research

I have been researching many CBD Companies and I did not know that you used to be called Sativa Wellness Group Inc.

I have gone through all your RNS’s on your website and dissected your Accounts.

There is no reason why your Company should be valued so low. It could be because you have an association with CBD (or had CBD) in Poland.

By divesting your CBD facility in Poland there is in my opinion a strong possibility that the Market will re-rate you as a Wellness Health Company.

You have received cash of £500,000 and a loan note for £1 million.

Some things I have gleaned about Clinics:

August 2021 Clinics 57
December 2021 Clinics 140 (including 40 in Superdrug)
March 2022 Clinics 180 (including partner clinics)
May 2022 Clinics 200+
August 2022 Clinics 235
October 2022 17 Allied Pharmacies Limited to join the Goodbody clinic network.

Some things I have gleaned about Revenue: Please see website and accounts.

12/08/21 6 Months Revenue £3.5 million
9/11/21 9 Months Revenue £9.9 million
31/12/21 12 Months Revenue £17 million
25/05/22 3 Months Revenue £5.2 million
19/08/22 6 Months Revenue £7.4 million
11/11/21 9 Months Revenue £9.29 million

Your Clinics have increased by about 157 in just one year. Your revenue is changing due to less Covid testing but with more blood testing I estimate your revenue will continue to increase.

By divesting your CBD Business, I believe you have a bright (should I say bloody) good future.

RKB

Excellent Acquisition

Voyager Life have acquired some assets from Goodbody Health Ltd (Aquis GDBY.PL)

Our BoD said in a recent press release “As the market in which it operates consolidates and further opportunities present themselves for Voyager to expand its range of activities, the Directors will continue to examine potential collaborations and combinations whilst at all times maintaining its conservative approach to running costs and the importance of sustainable revenue generation.”

What we have acquired today the CBD business of Goodbody Health Ltd in Poland. We have premises which contain an extraction facility. We are paying £500,000 cash and giving them a Loan Note of £1 million.

I believe this is a win-win for both Companies. We now have a European base that we can manufacture our products and by-pass any post Brexit issues we may have with us being based in the UK.

Goodbody Health can concentrate on their wellness centres which I believe they manage well.

RKB

Good Morning Tyke68

The reason I have been stating a “strong buy” is because I am confident FG will deliver.

FG is like me in that we would just shake hands as our word is our bond.

It is obvious to me and many others that predicting a share price in the near future is more or less impossible. We need buyers to drive demand and willing sellers to supply the demand.

During the CLP days I recorded each days trades and reconciled them for day-traders. Our share-price will increase when the herd arrive.

There are several “indicators” that give me confidence.

1) Eufingest always supporting CLP then QBT with funding that is only 1%

2) The successful conclusion of the Sipiem Venice High Court case in our favour for €6.2 million (€11 million with compound interest for 6 or 7 years)

3) CLP / QBT have not really had an income stream for the past 7 years since FG re-joined the Board, but we are still here, all because someone (Eufingest) had faith in FG.

4) Convertible Bonds of €4.8 million which convert at 5p just like some of the 122.5 million Options. It is no coincidence that the Bonds and Options convert at the same price.

5) When I spoke with FG earlier this week, he was his most upbeat ever.

There are probably a lot more reasons for my confidence but the biggest indicator for my “strong buy” is all the Trolls. They only appear when they want in, some have disappeared some new ones arrived on the last train before the strike.

As for when news will arrive. That is in the hands of FG. He will announce the R&D results when they have been verified but if I know FG, he will probably announce a tie-up with a manufacture of miners and a large solvent miner all at the same time.

I hope the above answers your questions. If you are on Twitter, DM me, I am not hard to find.

RKB

Jamrock

I cant really comment on what “a reasonable loan rate” would be because, currently I am an Insider.

I am not an Insider on QBT but if I wanted to be I could!

Now maybe the trolls will just either buy or do a John Sweeney as he does to Little Putin.

RKB

Jamrock

Our debt consists of €3.5 million Bond (the 2020 Bonds to Eufingest and the rate is 1% (but you knew that)

Then there is €4.8 million convertible Bonds (the ones from 2015) AND THESE CONVERT AT 5P.

Our debt will not be impacted by any change to the BoE Base rate later today.

For balance:

Today Reconstruction Capital II Ltd ticker RC2 took a loan of €800,000 @ 8%
Last Friday EQETC ticker EQT took a loan of £2 million @ 8%
Yesterday Love Hemp ticker LIFE.pl took a loan of £1.5 million @ 20%

If Eufingest had wanted to charge us an onerous interest rate then they could have but for their own reasons they have decided to back FG 130% (note the 130%) all the way.

RKB

PS I only post on the other board because of the trolls, hopefully they do not return.

Snippets from CEO Interviews

15/11/22 continued. “We can licence our software and get revenue like a percentage of the extra mining that miners will achieve by using our software and that will not dilute investors (shareholders) and will generate revenues.”

“Like I said, we do not rule out mining using the algorithm ourselves, because this 30% I am not saying it will be more than 30% but it could be more than 30% because every day that we speak we are still tuning our machine learning.”

‘Are you in discussions with Bitcoin Miners at the moment?’ “I cannot comment on this, it is very sensitive information.”

RKB

Good afternoon LtdAxis

I trust you are well.

I think you will understand why I am posting here at present.

I attract a few trolls and I can post on here without them clogging up the B.B.

Patience will be rewarded, and a little extra research will give you a 24-hour advantage, all you have to do is watch for the buys at the open.

I wish you well.

RKB

Unbelievable Financing

I follow CBD Companies and I know that the past few years has been difficult for many of them.

I cannot believe todays RNS.

A 5 year loan of £1.5 million but with “transactions costs” of £310,000. That is a ridiculous amount to pay, its 20.6% of the funds advanced.

The interest rate is 20% that’s £300,000 a year and over the 5 years they will pay back £1.2 million in interest.

Because of the way the loan is structured the total to be repaid at the end of year 5 will be £3,110,400.

There is no interest to pay in year 1
If the loan is repaid in year 1 there is a fee of £300,000
If the loan is repaid in year 2 there is a fee of £750,000
If the loan is repaid after year 2 there is a fee of £4.5 million

From the net proceeds of £1,190,000 a sum of £700,000 will be paid to Windfall Logistics Ltd to eliminate the debt and release the security held by them over the Love Hemp Group assets. They “may” get back £150,000.

So, from the £1,190,000 they will have about £490,000 maybe £640,000 and for this they could payback over £3 million.

Everything tells me that Tony is not looking after ordinary shareholders.

RKB