Transglobe Energy Share Discussion Threads

[chesycustard] 05/11/2019 21:05

Thanks hedge, have you spoken to Idris recently?

[hedgehog 100] 05/11/2019 14:43

Peter,

If Ilyas Khan wants to minimise his dilution at listing, then that points to the RTO route, rather than the IPO route.

And the MILA criteria from its formation you've quoted is open to different interpretations. It could just mean that MILA wanted to make an acquisition of over half of a company, as opposed to meaning that MILA would want to retain over half of the enlarged equity post-acquisition.

But in any case, the company has already shifted away from the strategy when it was formed.

[mark10101] 05/11/2019 14:39

Sorry HH was not thinking straight as it is a RTO you were suggesting not a buy out... Looks interesting, would be good if something happens withing 5 years of putting money in!

[1399peter] 04/11/2019 18:57

HH,

The only criteria I think they would need to change is

"We formed the Company to undertake an acquisition of a controlling interest in a company or business (an "Acquisition").

as I could not see Ilyas or his investors ever giving up control of CQC, why would you

[mark10101] 04/11/2019 16:27

Hi HH, they don’t seem to have a lot of cash atm? Either way it would be about time something started to happen here. Hopefully we have endured the worse of the wait.

[hedgehog 100] 04/11/2019 15:50

Hedgehog 100 5 Sep '19 - 12:46 - 8211 of 8219 Edit
" ... MILA though could potentially fit the bill.
A main market investment shell ... "


Following on from my post 8211 above.

There was a MILA after hours RNS on Thursday evening evening: they are negotiating some "extremely exciting opportunities" to RTO!

And they have been pursuing a new strategy, looking beyond the resources sector: this will almost certainly include the tech sector!!


31/10/2019 17:00 UKREG Mila Resources PLC Final Results

" ... Highlights

-- Ongoing appraisal of investment targets in regions with strong valuation or cash-flow growth potential

-- Mutually terminated a proposed reverse takeover of Capital Metals Limited
-- Broadening of investment horizons
-- Strong balance sheet position with cash balance at the end of the period
Chairman's Statement

Dear Shareholder

We have pleasure in presenting the financial statements for the year ended 30 June 2019.

Following Mila's re-listing and broadening of its horizons we remain open minded about which industries we might invest in while retaining our key criteria for delivering excellent value for our shareholders. The mutually terminated proposed reverse takeover of Capital Metals Limited, while disappointing, has driven our new strategy which we hope will lead to a swift replacement. The reduction of investment routes for smaller businesses following the continued uncertainty over Brexit has driven some extremely exciting opportunities towards Mila. Negotiations are already well underway on these projects and we hope that at least one of these opportunities can be Mila's first acquisition. ... "




And what domestic RTO opportunity could be more "extremely exciting" that quantum computing, and Cambridge Quantum Computing Ltd. ...

[moormoney] 24/10/2019 13:06

Good to hear this has a flicker of potential! If the shares were trading the google connections would have set light to them!

[fovargue] 24/10/2019 12:38

I imagine Ilyas has Google Maps on his phone too. I still remain doubtful that my little part of Intellicrpyt will ever be worth any more than absolutely nothing.

[1399peter] 23/10/2019 18:39

HH

Thanks for the info, although IBM are doubting their figures it's an interesting development all the same.

[hedgehog 100] 23/10/2019 17:52

Breaking news -

"Google claims 'quantum supremacy' for computer
By Paul Rincon
Science editor, BBC News website
3 hours ago

Google says an advanced computer has achieved "quantum supremacy" for the first time, surpassing the performance of conventional devices.

The technology giant's Sycamore quantum processor was able to perform a specific task in 200 seconds that would take the world's best supercomputers 10,000 years to complete.

Scientists have been working on quantum computers for decades because they promise much faster speeds.

The result appears in Nature journal. ..."




Remember that CQCL is working with Google -

"Cambridge Quantum Computing integrates Google’s CIRQ framework into proprietary software stack

Cambridge Quantum Computing (CQC) and Google are pleased to announce collaboration in quantum computing. As part of the collaboration, CQC will utilize the open source CIRQ framework developed by Google and the state-of-the- art 72-qubit “Bristlecone” quantum processor to develop software designed specifically for quantum computers. The potential of such technology is difficult to overstate, promising to revolutionize fields ranging from chemistry to finance, from encryption to AI.

The first stage of the collaboration will focus upon CQC’s proprietary quantum compiler, “t|ket>”, providing efficient optimizing and scheduling for instructions sets that are delivered to the quantum hardware. Just as for conventional “classical” computers, compilers convert programming instructions into operations for the processor. Although Google is developing their own compiler, overriding this with procedures from t|ket> will allow both groups to benchmark and test the system under a variety of conditions, likely providing clues on how to enhance performance in both hardware and software.

CQC CEO Ilyas Khan stated, “We are thrilled that Cambridge Quantum Computing is working with Google and look forward to building on this partnership”.

In parallel with the implementation of t|ket>, CQC is working with Google on a collaboration to help develop tools for quantum chemistry, one of the primary applications of quantum computing. While the chemical properties of a large molecule are very difficult for a classical computer to determine, quantum computers are ideally suited for such calculations. With the help of Google, CQC will continue its development and expertise in this area. Eventually such chemical analysis may produce personalized medicine, in which a drug could be designed for an individual based on their genetic profile, maximizing effectiveness while minimizing side effects.

CQC is headquartered in Cambridge, England but maintains an international presence in the United States, and Hong Kong.

About Cambridge Quantum Computing

Established in 2014, Cambridge Quantum Computing (CQC) is a world leading independent quantum computing company combining expertise in Quantum Information Processing, Quantum Technologies, Artificial Intelligence, Quantum Chemistry, Optimisation and Pattern Recognition. CQC design solutions that will benefit from quantum computing even in its earliest forms.

July 18, 2018"

[novicetrade68] 15/10/2019 16:06

Advfn finally got rid off the old TGL epic it seems

[novicetrade68] 15/10/2019 16:05

!FOLLOWFEED

[1399peter] 13/10/2019 10:30

Zzzzzzzzzzz

[1399peter] 14/9/2019 13:12

1) I would like to know how the Ironbridge take-up is going
2) How long Ilyas has been involved (part of)Stanhill Capital
3) Is the CQCL percentage taken by Stanhill for monies loaned, to be given back if the loan is paid off.

[mark10101] 05/9/2019 14:34

Hi HH, yes I saw they intended to delist from AIM but a timely offer may change that. The share holders did not think that would get the 75% votes needed to carry that motion through.

Your option looks a good one, let’s hope the company has an aspiration to come back soon. I have been watching Ilyas Khans recent presentations and all seems to be getting exciting in the cryptography space.

[hedgehog 100] 05/9/2019 13:46

Thanks Mark,

But MOS yesterday announced its intention to delist from AIM:

04/09/2019 07:00 UKREG Mobile Streams plc Proposed Cancellation & Notice of General Meeting

"Mobile Streams plc (AIM: MOS) today announces its intention to seek Shareholder approval for the cancellation of admission of its ordinary shares to trading on AIM (the "Cancellation"), re-registration as a private limited company and adoption of new articles of association.

A circular will be published and posted to Shareholders today setting out the background to and the reasons for the Cancellation and the implications for the Company's Shareholders ("Circular"). The Circular will also contain a notice convening a general meeting of the Company ("General Meeting") at which Shareholders are invited to consider the proposed Cancellation, re-registration as a private limited company ("Re-registration") and adoption of new articles of association (together, the "Resolutions").

The Directors consider these proposals to be in the best interest of Company and its Shareholders as a whole after considering, amongst other things, it is unlikely that the Company will successfully complete a public markets transaction, the scale of the business is no longer appropriate for that of a publicly quoted company and the costs of maintaining trading in the Ordinary Shares on AIM and intend to vote in favour of the Resolutions at the General Meeting.

The Cancellation Resolution is conditional, pursuant to Rule 41 of the AIM Rules, upon the approval of not less than 75 per cent. of the votes cast by Shareholders (whether present in person or by proxy) at the General Meeting. Should Cancellation be approved by Shareholders, the Company intends to put in place a matched bargain settlement facility with BritDAQ Limited which should facilitate Shareholders buying and selling Ordinary Shares on a matched bargain basis following Cancellation.

The General Meeting of the Company will be held at 9 a.m. on 30 September 2019 at the offices of N+1 Singer, 1 Bartholomew Lane, London, EC2N 2AX."




MILA though could potentially fit the bill.

A main market investment shell, with a current market cap. of just £354K. at 1.525p, and with £573K. of cash at the interim period end (interim results 29.3.19).






29/03/2019 07:00 UK Regulatory (RNS & others) Mila Resources PLC Interim Results
" ... We recently mutually terminated a proposed reverse takeover of Capital Metals Limited, however we continue to see a strong flow of potential Acquisition opportunities. The Board of Directors, together with the Company's advisers, are constantly evaluating these opportunities to ensure that we secure and execute the right transaction.
I look forward to reporting our progress to you over the coming the months. ... "

[mark10101] 04/9/2019 10:48

I have been following MOS for quite a while (Mobile app company so some synagy with GOS I fortunately never bought into it but at £100k MCAP, could this be a good vehicle to reverse into? One for HH to pass on to the team?

[moormoney] 26/8/2019 19:10

Maybe our time is approaching....310;

[macnai] 26/8/2019 13:50

"Quantum computers are poised to leave traditional computers and even supercomputers in the dust"



Unlike regular computers where data is stored in binary bits as 0 or 1, the “qubits” in quantum computers can exist as both at the same time. Stranger still, this information can be effectively “teleported” over any distance. Now, scientists from Austria and China have managed to create photons that exist as 0,1 and 2 simultaneously, and teleported these complex quantum states.

Quantum computers are poised to leave traditional computers and even supercomputers in the dust, and they owe their exponential increase in power to the fact that they go beyond binary. One “bit” of information isn’t limited to a 0 or a 1 – it can be either or both at the same time, much like Schrödinger’s infamous cat.

In theory, adding extra states boosts the power even more: throw in a 2, for example, and the range of possible states goes up exponentially. One qubit can be any individual value, or any pairing of two, or all three at once.

And now these theoretical higher-dimension quantum states have not only been demonstrated in lab experiments, but teleported as well. The team includes scientists from the Austrian Academy of Sciences, the University of Vienna, and the University of Science and Technology of China.

The team based its experiments on a long-standing favorite called the Bell test. In this, two photons are emitted in different directions at the same time, and when a certain property of one is manipulated and measured, the other usually ends up being the same. That information appears to be “teleported” to the second photon, no matter how far apart they are.

For the new study, the researchers adapted the classic experiment to teleport a three-level state, which they call a “qutrit.” The quantum state in this case is which of three optical fibers a photon is traveling through – remembering of course, that quantum physics allows a single photon to be in any or all three of the fibers at once.

The team used a multiport beam splitter to direct the photons, and then manipulated their states using auxiliary photons. By carefully controlling the interference patterns of these photons, the team was able to successfully teleport that quantum information to another photon, even though the two photons never interacted physically.

This experiment shows that quantum teleportation can not only be done in three dimensions, but theoretically it can be done in any number of dimensions.

This study is a step towards harnessing quantum mechanics for better electronics. In the not-too-distant future, a quantum internet could connect quantum computers together to send data incredibly fast through quantum teleportation.

The research was published in the journal Physical Review Letters.

Source: University of Vienna

[mark10101] 06/8/2019 20:19

“Europe Takes Steps Towards Confirming That The Only Way To Effectively Protect Data And Communications Is By Using Quantum Technologies”

“CQC’s IronBridge, is the world’s only certifiable and device independent quantum key generator and therefore provides a foundation for today’s networks and will be critical for the future development of quantum-secure infrastructure and communications systems.”

[1399peter] 17/7/2019 21:42

Hedge,

Personally I would like to see a closer relationship with CQCL as I am sure most of us would. I don't know if a share exchange would go down that well with CQCL private investors, as they would surely feel their investment had just been watered down considerably.

If GOS / ITS become the seller of the CQCL products and become an equally valued company then perhaps it might happen. Who knows. It will be interesting to see how well Ironbridge is received and if any pressure is put on them to bring their full release forward

[hedgehog 100] 17/7/2019 16:28

Note that another Ilyas Khan creation, Zoltav Resources (ZOL), has recovered well this year, up from barely 12p in the spring to 58.5p now (market cap. £83M.) -



ZOL was hit hard by the oil price crash a few years ago, and sanctions against Russia.

But there was sound underlying value there, which has now been outed.

And the same should apply for GOS Systems.


And perhaps CQCL, with its high valuation, could take over GOS (which could be done by a share exchange, rather than cash).

I believe that this would be in the interests of all parties.

The exit route for ITS shareholders could be a later IPO or sale of CQCL.

[hedgehog 100] 09/7/2019 15:36

"Slack's stock soars to rarified air after 2019's latest unicorn listing

By Ian Agar
June 20, 2019

Enterprise messaging platform Slack has gone from its primitive Tiny Speck days to hanging with the big boys like Lyft and Zoom Video.

In its public debut on Thursday, Slack (NYSE: WORK) closed at $38.62 on a trade volume of over 135 million shares, including after hours trades. This was nearly 49% higher than the $26 reference price advised by the NYSE late Wednesday, which only served as guidance based on the average of recent private stock sales and was not a legally binding starting price like in a traditional IPO. As a result, Slack was theoretically equivalent to a $15.7 billion valuation when factoring in restricted stock units. Slack held a $7.1 billion valuation with a $427 million Series H last August.

Founded in 2009, the San Francisco-based company had raised a cumulative $1.3 billion in venture funding leading up to its NYSE debut.

Direct listing

Slack's decision to utilize a direct listing protocol is rarely seen with such large companies. Historically, the underwriter-free method has been used primarily by budget-conscious small businesses seeking to avoid the abundance of fees associated with traditional IPOs. ..."




Thanks Mark.

Incidentally, the floatation of Slack last month reminded me of Ilyas Khan and CQCL-ITS.


Here's some extracts from a Slack article in "The Financial Times" of 22-23 June 2019:

"Stewart Butterfield, co-founder and chief executive officer of the workplace chat app Slack ... stands out as a philosophy major in a start-up world full of software engineers, a non-techie who made it to the top of the tech heap. ...
In the often dog-eat-dog world of Silicon Valley, Butterfield has gained something of a reputation for being less cut-throat than many. Slack was carved out of a failed gaming company, in one of the start up world's more famous "pivots". One investor recounts how the Canadian entrepreneur refused to ditch his first backers when switching horses to the new product.
Most would have left their early investors for dead, this persons says: it's the way of things with tech start-ups, where failures are quickly passed over in the race to make the next fortune. Not Butterfield. He insisted that his first backers be cut in on the new opportunity.
Salvaging good ideas from technology wrecks has become something of a trademark for Butterfield - as has failing to make it with gaming companies. Flickr was also carved out of a failed gaming start-up. ..."


Similarly, Ilyas Khan has a deep interest in philosophy, especially Wittgenstein, and of course he has cut us in on his CQCL success when he didn't have to. -

"... Khan is a merchant banker by training and started his career at the London firm of J. Henry Schroder Wagg & Co. Ltd. He was also the owner of the English football team Accrington Stanley[2] and the founder and publisher of the Asia Literary Review.[3]
Khan is the non executive senior partner of Stanhill Capital Partners,[4] a merchant banking business with a focus on natural resources which he founded in 1998, during the 20 years (1989–2009) he spent living and working in Hong Kong. He was also one of the founding directors of Australia-based White Energy Company.
In 2015 Khan founded Cambridge Quantum Computing,[5] and he has also published on the subject of Quantum Information Processing.[6]
He is a Fellow of St Edmund's College, Cambridge[7] and is also a fellow of the Judge Business School, where he is the "Leader in Residence".[8] His special interests include philanthropy and Wittgenstein, and he is a member of the British Wittgenstein Society.
Khan has lectured and published papers on Ludwig Wittgenstein, among other subjects.[9][10] ..."