Precisely. Huge pressure on all the miners. |
The bitcoin miners desperately need QBT's Methods. |
Doesn't look like last week was a good week for that institution to buy c.10% of ARB. They paid 11.25p per share. |
Bitcoin $52.9k.Collapse disaster.Shorters field day. |
Bitcoin plunged to $58k.Short this dog. |
Chart showing support at 8.95pNext round of Shorts sub 9.68pExpected and assumed.Buy at sub 9.21 |
The BTC price is irrelevant, ARB wasn't even profitable at the higher bitcoin price! |
Bitcoin plunging.Short this dog.Lemmings and mushrooms only. |
Whether 'boring' i leave others to judge (probably they are to those who have already concluded that QBT should not be touched with the proverbial barge pole), but as a dose of reality I am sure they are 'depressing' and 'alarming' reading for suckers who have bought the QBT hype and are now looking at 50% to 75% losses, probably with worse to come. And of course 'unwelcome' and 'galling' to the malevolent who try to attract in new investors to share their misery. |
Lol .....Knocker should try to shorten his posts, they are exceedingly boring.
ARB are in terrible trouble....SELL and preferably reinvest into QBT but just about any other crypto related stock would be a better choice. |
If any of the rig manufacturers saw even an outside chance that QBT's research has a commercial value it would have taken over QBT, which could be bought out for a fraction of the money raised and expended on its research during the 4 yeas since QBT shifted its business from a spectacularly unsuccessful holiday park operation to back bedroom quantum computing research!
Do Jag, Broomstick et al know better than the rig manufacturers? |
 QBT had a litigation success a few weeks ago, with winnings amounting to about two thirds of its market cap ('the Sipiem money').The share price did nor rise. It has continued to fall, now down over 75% YTD.
Is that anomalous? No. The company indicated that it would apply all the Sipiem money to funding its BTC mining R&D. That research has proved to be a money pit, with huge sums raised in share placements burned. The market regards QBT as a 'sucker company' (Stockopaedia's words, not mine, a vehicle for funding its elderly CEO and prime mover's quantum computing research hobby, not a serious business. It has only a handful of part time researchers (PhD students, mainly), and operates in a very difficult and expensive field of research. It is a 'jam tomorrow operation, cycling endlessly between hype and disappointment phases.
Consequently the market concluded that the Sipiem money would not benefit shareholders because the company is pledged to burn it in an endeavour which is highly unlikely to succeed, still less turn a profit to recoup the research costs, and far from rising on a £6m litigation win, the share price continued to fall. That tells you all you need to know about QBT. It is a sucker stock fuelled by hype, and a money pit pledged to burn every pound it lays its hands on, whether from capital raises or its recent litigation success. Anyone who sells ARB or anything else to buy QBT should not be allowed out without a minder. |
Good morning Broomrigg.
Maybe give a mention of QBT and investment case to the board below:
Share Ideas: macro & micro.
With usual DYOR, etc caveat.
Regards,
M |
Good morning Jag, good posts.ARB mining numbers for July will be out in the next few days and likely to be dire. For around 10 days of July the price of bitcoin was below 62,000 usd so ARB were mining at a loss. Great business that.Yesterday ARB announced considerable dilution and they are swamped with debt.Sell ARB and switch into QBT who are poised to announce deals with miners and collect a big payout from their Sipiem case. |
QBT on track for commercial revenues and Sipiem money in H2 2024:
QBT's 2024 targets: Francesco Gardin joins from Mining Disrupt Conference in Miami
27/6/2023
"Everybody's very, very interested in our technology...We are adding a couple of new teams, which we havn't announced...We keep on track...We are very confident that our technology is different...proven results in the lab...longer than expected but we are making progress...
...We announced last year that we are heading for revenues this year [2024]. We still havn't announced the opposite. In the Accounts, one has to be prudent. Any word has to be agreed with the Auditors...[but]...we still havn't announced that we will not generate revenues this year [2024]. So I will make it clear - with all the contracts we have, with all the discussions we have, with all the contacts we have, with the development of our technology, how it performed from in the lab into products, what is next for products - we [are] still on track for this our end goal...
...We have at least four different Methods...We are not too far from having military spec...
...We have a team of lawyers in Milan who are actively working to collect as much as they can of the Euro6 million [Sipiem money]...
...Our main goal [Upcoming milestones] is for one of these four Methods, to have a product that can be deployed, can be sold; or alternatively, to have IP's or technologies, which are aquired or developed or exploited, with one of these big players in the sector." |
Sell ARB and buy QBT. |
Flag formed, breakout due to 12.2p being broken.
dyor |
Chart looking better, flag forming a challenge much higher very soon I feel. Dyor |
Is this the Argo tread? |
It is reported that Sharetalk 'expects' to initiate a pocket billiards competition for followers of his QBT board before the end of the year, to encourage people with interests wider than salivating over a sucker stock to follow his BB. He has still not said the opposite, so I confidently expect the competition to be announced any day now, and certainly before the the year end.
All the places are sure to be taken within hours of the announcement of the competition.
Jag and Broomstick warn that no-one can afford not to follow his board every hour of every day, lest they miss the boat. |
"We still havn't (sic) announced the opposite."
LOl. So, so funny. |
knocker1 listen to what QBT's CEO is saying in his last interview - QBT on track for commercial revenues in 2024:
QBT's 2024 targets: Francesco Gardin joins from Mining Disrupt Conference in Miami
27/6/2023
"Everybody's very, very interested in our technology...We are adding a couple of new teams, which we havn't announced...We keep on track...We are very confident that our technology is different...proven results in the lab...longer than expected but we are making progress...
...We announced last year that we are heading for revenues this year [2024]. We still havn't announced the opposite. In the Accounts, one has to be prudent. Any word has to be agreed with the Auditors...[but]...we still havn't announced that we will not generate revenues this year [2024]. So I will make it clear - with all the contracts we have, with all the discussions we have, with all the contacts we have, with the development of our technology, how it performed from in the lab into products, what is next for products - we [are] still on track for this our end goal...
...We have at least four different Methods...We are not too far from having military spec...
...We have a team of lawyers in Milan who are actively working to collect as much as they can of the Euro6 million [Sipiem money]...
...Our main goal [Upcoming milestones] is for one of these four Methods, to have a product that can be deployed, can be sold; or alternatively, to have IP's or technologies, which are aquired or developed or exploited, with one of these big players in the sector." |
If the 'expectation' of revenue within the next 4 months is realistic, Jag, why has the QBT share price cratered YTD notwithstanding the litigation success a couple of months ago which should bring in about £6m ? |
Don't be out of QBT, now they expect first commercial revenues and Sipiem money in H2 2024. |
Register for streaming realtime charts, analysis tools, and prices.
Hot Features
Premium
