RE: I'm keeping my fingers crossed with QBT...2 Oct 2021 21:05
Good evening,
Their interim figures were posted recently. There weren't fireworks, but that was to be expected as since the name and focus of the business changed, it has been literally R&D. R&D which seems to be getting results I might add, as per their recent patent application. There are further improvements currently being looked at by the boffins, so the outlook could be quite rosey.
With regards to funding, I would imagine the impending court case would have a bearing on that. There is the *potential* of a £4.5m payout on that if successful, but you can never pin your hopes on anything that is resolved by a court. Anyway, that would be months away. A placing? Wouldn't rule it out, but with the newsflow due, I think there could be more than enough investors ready to pump some money in.
But what do I know? I cut lawns for a living.