Transglobe Energy Share Discussion Threads

[hedgehog 100] 09/8/2021 17:12

chesycustard27 Mar '21 - 18:04 - 8353 of 8375 0 0 0
"So you still believe GOS is the intended vehicle to distribute the encryption keys, if it once was, I am not so sure that is the plan.
Our Cqcl holding is roughly a third (no of shares) of what it was in 2016"

23/06/2015 08:30 UK Regulatory (RNS & others) Touchstone Gold Limited CQCL investment LSE:TGL Transglobe Energy Corporation
"London, 23 June 2015 - Touchstone is pleased to announce an investment in Cambridge Quantum Computing Limited ("CQCL").
On 15 May 2015, the Company announced a fundraising with the use of proceeds to include the exercise an option to invest in unquoted new ordinary shares in CQCL. The option was granted to TGL in November 2014 for providing professional services regarding several CQCL business development initiatives.
Touchstone has now made an investment in CQCL by investing GBP200,000 into new CQCL convertible preferred shares (nil coupon with no final redemption date). The convertible preferred shares are convertible into new ordinary shares of CQCL at a price per share that will be 20% below the price per ordinary share paid by CQCL's expected institutional and other investors in a financing that is currently anticipated to occur in 2015. Based on the expected valuation of CQCL at the time of the forthcoming financing, Touchstone's resultant holding in CQCL will not be expected to represent a significant percentage of CQCL's issued share capital.
In addition to Touchstone making the investment, Touchstone investee GOS Systems has been granted exclusive reseller distribution rights over CQCL's forthcoming Quantum Key Encryption ("QKE") products which will be targeted at governments and corporations that have high security requirements. The sales right covers European sales of the products and the products are expected to be available for sale from 2016 onwards. The sales right has been granted for a period of 3 years following the first availability of product. ..."



Hopefully we (via ITS) still hold some shares in CQCL.
Probably less than 1% of CQCL, but that could still potentially be worth a few million.
Plus the value of GOS Systems, and we could potentially get decent amount back.

[hedgehog 100] 09/8/2021 16:18

1399Peter 8 Aug '21 - 19:02 - 8372 of 8374 0 0 0
"So Honeywell now own CQC, With ilyas still at the helm. So what are the plebs invested in intelicrypt going to get out of it you total shafter."


Peter,

Honeywell isn't acquiring CQCL. Rather, CQCL is merging with a Honeywell subsidiary: to create a new company: majority-owned (55%) by Honeywell, and the rest (45%) presumably owned by a CQCL holding company.

But it's clearly a huge and exciting development, and in due course the new company could well IPO at a potential valuation of billions - as the world’s leading integrated quantum computing company.
CQCL's share could be worth a billion.


"CAMBRIDGE, UNITED KINGDOM, June 8th, 2021 – Cambridge Quantum Computing
(CQ), a global leader in quantum software and algorithms, today announced they have
entered into a definitive agreement under which Cambridge Quantum will combine
with Honeywell Quantum Solutions (HQS), a Honeywell business unit and maker of
the highest performing quantum computer currently available. Honeywell has been an
investor in and commercial partner with Cambridge Quantum since 2019.
The combination will form a new company that is extremely well-positioned to lead
the quantum computing industry by offering advanced, fully integrated hardware and
software solutions at an unprecedented pace, scale and level of performance to large
high-growth markets worldwide.
The new company’s combined expertise will deliver solutions to customers globally
as well as spur advances that will accelerate the adoption and impact of quantum
technology worldwide. ...
Honeywell will be the majority shareholder of the new company, and CQ’s shareholders will own over 45% of the new company. ..."




Honeywell itself has a market cap. of 157 billion dollars.

Honeywell (HON):

[mark10101] 08/8/2021 20:09

Thanks for the heads up Peter, ITS shares will be worth a decent amount, significantly more had they not been sold down as they have. Look forward to hearing from ITS about this good news and how it repairs the years of painful shareholding for those who could see the potential of CQC and Khan shrewd business leadership.

[rtf777] 08/8/2021 19:57

No doubt the matter will be addressed at the next shareholders meeting, scheduled for never.

[1399peter] 08/8/2021 19:02

So Honeywell now own CQC, With ilyas still at the helm. So what are the plebs invested in intelicrypt going to get out of it you total shafter.

[1399peter] 12/5/2021 17:58

Chesy

Was it not the case that Intelicrypt would have distribution rights for five years regarding CQCL quantum related software, or am I not remembering that correctly

[chesycustard] 12/5/2021 13:42

Cheers Peter, but how do you think we are linked into this?

[1399peter] 08/5/2021 10:19

Cambridge Quantum Computing Announces
Integration of tket platform into Strangeworks Ecosystem
CQC to join Strangeworks Quantum Syndicate, companies to
integrate CQC’s premier quantum software platform with the Strangeworks
Ecosystem to accelerate the ‘democratization’ of quantum computing.



Now this is a very interesting development with "Strangeworks". Perhaps Ilyas can ask them for some cool company name suggestions, other than Intelicrypt or GOS, LOL

hxxps://cambridgequantum.com/cambridge-quantum-computing-announces-integration-of-tket-platform-into-strangeworks-ecosystem/


So this will be tied in with future distribution rights and why they want peterhouse to buy our shares back, crafty!

Ilyas, if you're watching. You can have my shares for £50.00each, no problem

Feb 16/ 21

[1399peter] 01/5/2021 12:15

Interesting debut there for Dark-trace. Not to sure about the Autonomy link though.

[1399peter] 12/4/2021 15:27

I see Ilyas has got the CQCL PR pumping things out on a very regular basis. Can only mean one thing, he's after some money.

[hedgehog 100] 10/4/2021 17:24

The COVID-19 pandemic should be helping demand for GOS's secure conferencing facility, which could make this year an ideal one for GOS to return to market.

"Clouder is a conferencing facility that packs a punch!
Easy to integrate into your business and stocked full of powerful features and tools, Clouder seeks to improve the conferencing experience and help your business to thrive. The ultimate smart conferencing platform."

[hedgehog 100] 10/4/2021 17:16

CYBA plc (CYBA) - an interesting new addition to 'shell land' last month.

There are lots of shells out there, but this is the only one I'm aware of that is targeting cyber security.

And wouldn't GOS Systems be a perfect fit.

08/03/2021 07:00 UK Regulatory (RNS & others) CYBA PLC Admission to Trading & First Day of Dealings LSE:CYBA Cyba Plc
"CYBA plc ("CYBA" or the "Company"), a special purpose acquisition vehicle ("SPAC") targeting an acquisition or acquisitions of businesses operating in the Cyber Security industry, is pleased to announce that at 08:00 today its ordinary shares commenced trading on the Main Market for listed securities of the London Stock Exchange plc ("LSE") under the TDIM 'CYBA' ("Admission"). The Company's ISIN will be GB00BMH18M70 and its SEDOL BMH18M70.
Key Highlights:
-- SPAC formed to acquire and act as the holding company for businesses operating in the Cyber Security industry in the US and beyond
-- LOIs agreed with two US Groups, Narf Industries and Polyswarm
-- Team with deep knowledge of the Cyber Security Industry
Robert Mitchell, Chairman of CYBA, commented: "Our decision to list as a SPAC on the Main Market of the London Stock Exchange makes both strategic and commercial sense as we look to create shareholder value through the acquisitions of companies in the Cyber Security sector, capitalising on the recently announced UK initiatives to encourage the listing of SPACs on the LSE." "

[mark10101] 31/3/2021 19:59

Nice tip HH even, took me a while to work out and I am already holder. 🤣

[hedgehog 100] 31/3/2021 19:22

Peter,

Another possibility - and perhaps the most likely one - is that Peterhouse (perhaps working with Stanhill) are actively looking to return ITS to market via a RTO (reverse takeover).

It certainly looks in good shape to do so, and they are the ideal people to get it done.

The pre new money valuation could be a few million pounds.

Certainly, Peterhouse wouldn't be looking to buy shares unless they felt that they could make a very good profit on them.


P.S. Ray - if you want a potential 20-bagger, then Cambridge Quantum Computing Ltd. - CQCL - could provide a clue.
You just need to 'Replace the Quantum ...'

[hedgehog 100] 31/3/2021 14:41

Stig,

Same to you.

I warned people about TRX when you were ramping it with your dishonest b.s. - shortly before it collapsed.

[singray105] 30/3/2021 10:36

Spot on Peter. And come to think of it, was it not Peterhouse that were the brokers present at the original meeting I attended? Can’t be sure but rings a bell, had no idea they were connected to Ilyas.

[1399peter] 30/3/2021 08:18

Trouble is Singray this lot are not to be trusted obviously. Do you think Ilyas & Co are buying them back because they feel bad about what they have done to investors. I doubt that very much. There is a reason behind it. Perhaps distribution rights, return of equity stake on debt repayment, or just Ilyas planning to IPO CQCL or something related to, (more likely). He is one slippery eel

[singray105] 29/3/2021 11:01

Maybe we should take the money and you can find us a 20 bagger Stig to get our money back. ;-)

[chesycustard] 28/3/2021 14:31

No idea how the transaction was valued, our debt has been reduced, but if you look on companies House at the Cqcl confirmation statement you can see our Its number of shares and compare to the 2016 statement.

[hedgehog 100] 27/3/2021 19:18

chesycustard 27 Mar '21 - 18:04 - 8353 of 8353 0 0 0
" ... Our Cqcl holding is roughly a third (no of shares) of what it was in 2016"

Thanks for that update Chesy.

ITS sold 17% of its holding in Cambridge Quantum Computing Ltd. (CQCL)in 2017, so from what you are saying it has sold about a further half of its initial holding since then.

Do you know how much money this generated?

[chesycustard] 27/3/2021 18:04

So you still believe GOS is the intended vehicle to distribute the encryption keys, if it once was, I am not so sure that is the plan.Our Cqcl holding is roughly a third (no of shares) of what it was in 2016

[1399peter] 27/3/2021 17:38

Thanks for the info Hedge, So why is Khan hiding behind Peterhouse.