Member Info for Silversprings

Good to see a few blue days in a row and the SP increasing on the lead up to BET launch.

For those part of the CAG, who couldn’t make the zoom recording, was there any indication on the call of when the recording might be circulated?

On X from the company’s official account

RKB good to hear from you, hope you are well

Have you managed to catch up with Francesco recently?

Last sentence seems very positive ‘we now found way to make them work in real time’

Doesn’t look like a CEO delivering bad news but as ever the detail in the PRN is confusing.

We need a video update to clarify the RNS.

Let’s hope there’s a video from FG also. As ever there’s wording in the RNS that can be interpreted either way which is not ideal.

I wonder if there’s something rumbling behind the scenes. Before Christmas we had video on video on QBT as a company and the different methods, the fund raise to build the infrastructure to provide a SaaS service, and of course complete confidence in saying we were funded until revenue in 2024.

Why create the videos at that time? We even had RKB on here and twitter saying they were on the countdown to major news. Since then though there’s been no update of note relating to the tech apart from continuing testing and all the court news. The videos just don’t make sense at the time they were released to have a big PR drive if you’re still a year away from commercialisation.

Perhaps there is deal making in the background we are just not aware of which has changed the company strategy and it’s under NDA, or the alternative it just doesn’t work as intended. People will make their choices and it’s always been a risk reward play but personally I’m not sure why FG would be at Bitcoin conferences promoting tech that didn’t work.

City what’s your view on the RNS? My take is surely a positive to see an II want to take 25% of the company. Cash secured until break even later this year and they can clearly see revenue benefit in enhancing other areas of the MOS platform outside of just BET.

Jimzi - very interesting the line on bringing assets into production relatively quickly. It will be interesting to see what way the company strategy adapts and unfolds. Will it be to sell off these assets once proved up, JV with larger producer, or even backing from a financial partner for CMRS to take into production. The latter seems unlikely but with the connections to capital the BOD and strategic investor have who knows what’s possible.

Thankyou for the update Delbert

Did anyone attend the AGM that can feed back?

RKB - did you manage to attend, I think you’d attended a couple in the past? Would be interested in your views, grateful as always.

Much appreciated Jimzi, thankyou for the response

Jimzi - appreciate all your research on this. The trading partnership you reference, is this in place already or is it anticipated? I’ve tried looking back through the company information (maybe not hard enough!) and can’t find any detail on it. As you say it would be a significant benefit over other micro cap explorers.

RBM Thankyou for the updates and for all the work you and the CAG are putting in for shareholders.

A month since the last update. Any news on TALK, if I remember it was going to be following BET quite closely.

Chip - none of us really know for sure but my own take is that the issues QBT had were with cracking the CGminer operating system. This was the 100s of lines of open code they had to reengineer their software compatibility for. In the RNA QBT announced they’d done this but had issues porting to the Bitmain chip as this was undocumented and the Chinese manufactured rigs equally as difficult. I think at that point if the intel chips had been available the company may have been ready to go with this (all my assumptions ). Instead they’ve had to wait for block to release their hardware for intensive testing to start. Just my take but the next news should reveal all.

Are you still in contact with FG or RKB?

Addison - hope you’re well, nice to see you posting back on here, I know you sometimes exchange messages with RKB, you still confident on progress with the testing?

Thanks SteveV and a-2-b

RBM - would you be able to ask on Monday what the timeframe is for responses? Is there a cut off point. I’m away on holiday without printer and scanner and don’t want to miss it.