Member Info for Silversprings

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?

Zen master, it might be worth reading the recent RNSs from the company again. In my opinion the news about Bitmain doesn’t in any way affect what the company is currently doing. They are live testing on a North American asic Bitcoin mining device in mining pools eg not Chinese manufactured Bitmain rigs who QBT have not yet reverse engineered the Chinese chip for porting.

There’s also the key difference between SaaS services (QBT) and firmware within rig manufactured hardware. Bad news for Mara but I suspect not for QBT. If anything all this news has done has removed one possible alternative available to large miners for making their mining more efficient. No more developing your own custom firmware upgrades. They’ll be looking for alternatives now which QBT are live testing now.

RKB - Hope you are keeping well - would really appreciate your thoughts on where QBT are as I know you’ve supported the company for a very long time.

There needs to be some consideration surely for the size of the task they’re trying to achieve here though and the resources they have. How many AIM minnows do people know who have hit every single target they say they will, never hit any roadblocks, haven’t had to change course at all? MOS have been trying to enter into industries that far bigger players have been dominating for a long time and in some of these endeavours have been reliant on external partners who haven’t always held up their end of the bargain. The company could have poured all their own meagre resources into marketing the NFTs and perhaps revenue would now be higher but we wouldn’t have this opportunity with BET and maybe the company would have been in cash flow trouble following this route.

Building a tech company is not an easy challenge, yes there’s been some false starts and things that haven’t gone now the company might have liked but the difficult all this can’t just be passed off.

If BET and TALK work out like we hope though, and MOS with live scores, it’s SaaS platform, and it’s NFT marketplace underpin this, then that is a major achievement for a UK AIM listed tech minnow regardless of what happened to get there.

It’s a difficult one because the performance of the SP has been undeniably poor to date, and individually all the ventures haven’t worked as stand alone concepts so far.

But…. The only way the company even has this latest opportunity is because of the acquisitions of Krunch, the acquisition of livescores, the NFT relationships with owners of Necaxa and Atlante, the partnership with Bitso, the development put into the software platform by MOS, none of it is wasted if this new venture works and in fact if the new venture works it will be precisely because of all these components that MOS have built. Quite simply why would any of these companies partner with MOS for BET if it was offering nothing? Its data platform is still extremely valuable to them.

It’s now or never though as eventually the progress has to translate to revenue and value.

Bet launch early Q2 so good time to be building a position