focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Jambone - it’s good news to see the sipiem funds coming in for sure
The company needs a release on the Method B testing to really change the dial though. When FG said the last raise was for the servers and funds until revenue most people assumed that news would be close. Let’s hope that’s the case as it would be perfect timing if the company can pull it off.
I know you spoke to RKB recently, is he still confident?
Any reason for the postponement?
Scotty, if any investors are incapable of doing a small amount of research to look up the history of the company they’re investing in then you can’t blame that on ME. No CEO of any company is ever going to start a public engagement exercise by listing any recent failings and summarising all risks for possible investors, that’s absolutely ridiculous. Of course, ME is going to put a positive viewpoint out, if he wasn’t confident in the direction of the company then he shouldn’t be the CEO simple as that. That does not mean he is ramping.
Thanks City - will be great to hopefully get any insight on how BET is progressing
When is the give Q&A? I’m not on telegram but would appreciate any update from ME that can be shared.
Regardless of anything that has gone on in the past, 20% of an I gaming company is irrefutable. If it’s launched successfully it will immediately put MOS past break even from a cash flow perspective just from the profit share, it will have a growing investment in BET itself on the balance sheet, and it will be billing services into BET. That’s before you look at any associated benefits of cross selling of NFTs and any benefits from TALK .
It’s a fairly binary play now in my opinion. If BET is a success then the company is completely transformed and moves away from any discussions on raises. The market will respond to cold hard revenue.
The original RNS announcing the expansion into BET also announced that TALK would follow shortly after. It’s not had much attention on here but if that lands successfully then you only have to think about the possible advertising revenues flowing in plus the free marketing for BET. Could be very exciting.
City what do you make of the (very) small reduction in percentage ownership for MOS in BET?
My reading of it is that it’s a huge positive and shows how central MOS is to this venture. The size of the funding investment coming in means some parties will have had to reduce their shareholding yet the tiny reduction in MOS’s says time they’re an absolute keystone partner in this venture.
Strange for HNWI to invest in BET (and for the company to create offices etc.) if the licence wasn’t in place.
A good positive step. Valuation increase prior to go live, wonder what it will be when revenues start coming in.
Rob and Ryan (the celebrity Wrexham owners) taking a minority stake in Necaxa. They obviously can see opportunity in Mexico.
All good, received this morning!
I’ve received the first email from Michael Cotter (and the update one) but I’ve not received anything about the zoom calls which Michael said he hoped to send on Friday (yesterday). Has anyone else received this?
Chipofftheblock - this was my reading of the last RNS also.
I’m not sure they have them working on the Bitmain rig yet. FG admitted that the porting issues hadn’t yet been solved because of the reverse engineering required for the rig and the chip (not documented)
But he mentioned there were NDAs with Chinese and North American rig manufacturers. So my view is the current live testing is occurring on a North American manufactured mining device. QBT would already have all the details they needed about the chip to be able to port.
For the people asking if tests had been running since December, it was only in the March update that FG said QBT has figured out the OS integration with CGMiner. Therefore I think as soon s this occurred they had compatibility with the US manufacturers, rig, chip, and operating system therefore allowing them to move to live testing.
Once the porting issues have been solved on the Chinese rigs perhaps we’ll also see testing on there. If the US manufacturer is Block though then this would be brilliant news.
Offices branded and staff on site already working. Neither probably happen if there was any doubt about Estadio being set up. All good indicators.
Appreciate the response City - the tie up is certainly interesting, a company the size of Bitso doesn’t just partner with companies who have ‘nothing’ to show for themselves.
What I’m most excited about however is if BET successfully launches we will be in a position where we will be break even as a minimum very quickly. That will then be a consistent revenue stream both from services to BET, and profit share. How many AIM microcaps can say that. Thats before valuation of the SaaS platform in the context of underpinning an online igaming platform is even discussed.
City - how do you see the Web 3 Wallet integration working from MOS perspective? Lots of potential synergies possible with that technology but interested in your take on what MOS will look to leverage? Additional market place for existing NFTs, new blockchain platform for development of new NFTs?
JDentist - what exactly do you want ME to do? In the past he was criticised for doing too many videos and interviews. He was slated on here for ‘ramping’. In this one thread there’s people criticising him for offering Q&A to telegram groups, and also not doing Q&As to telegram groups. The last update from the company wasn’t that long ago and gave an expectation of Q2 for the next update. What more do you expect from ME? I’m sure he’ll be front and center when news of BET is announced, probably taking loads of grief from critics asking why he’s giving so many interviews.
RKB - appreciate your response and hope you are keeping well!
Brew - that’s not exactly what was said in the video. The QBT software is uploaded to comply with client’s firmware.
Either way - it is better to wait for the next update from the company rather than wildly speculate in a negative manner about something you don’t have all the facts for
Brew - if you read the RNS you will see why the origin of the mining device manufacture is highly highly likely not to be Chinese in my opinion.
‘Due to the very specific, architectural choices in the Chinese manufacturer’s design of BM13XX chips along with no formal collaboration between QBT and the manufacturer, the Company first needed to understand the architecture of the chip and how to best implement Methods A and B’
So ask yourself how can they be live testing on a Bitmain rig with a Chinese chip when they’ve not managed to port to this yet?
If you read the RNS further down it does say the ‘Company is performing intensive live mining tests 24/7 using ASIC-based Bitcoin mining devices connected to two large mining pools’
Now back to the top of the RNS ‘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’
So if they’re in discussions with a North American and Chinese rig manufacturers, and they’ve had challenges porting to the Chinese manufactured machine and chip, whose machine and chip do you think they’re using for live testing?
As for your comment on the firmware this makes no sense. The very reason QBT have designed the SaaS solution on servers is to protect their IP so that they didn’t have to deploy any firmware onto physical machines.
You are simply trying to peddle uncertainty which goes against the public information available. Why would you do that for your own investment?