Quantum Computing Inc (QUBT)

[Kaizenman]

tmonkey: Did you see the new 8K? They did a private placement offering for newly created series A preferred stock -> See below what I lifted out of the 8K. I will need to use the newly created shares in my enterprise value computation. Were you aware that QUBT was contemplating issuing more shares? Thanks!



Item 1.01. Entry into a Material Definitive Agreement.

Securities Purchase Agreement

From November 10, 2021 through November 17, 2021, Quantum Computing Inc. (the “Company”), conducted a private placement offering (the “Private Placement”) pursuant to securities purchase agreements (the “Purchase Agreements”) with 7 accredited investors (the “Investors”), whereby, the Investors had agreed to purchase from the Company an aggregate of 1,545,459 shares of the Company’s newly created Series A Convertible Preferred Stock, par value $0.0001 per share (the “Series A Preferred Stock”) and warrants to purchase 1,545,459 shares of the Company’s common stock for an aggregate purchase price of $8,500,000. The Private Placement was completed and closed to further investment on November 17, 2021.

The number of shares of Common Stock issuable upon conversion of any share of Series A Preferred Stock pursuant shall be determined by dividing (x) the Conversion Amount of such share of Series A Preferred Stock by (y) the Conversion Price (the “Conversion Rate”). Conversion Amount means, with respect to each share of Series A Preferred Stock, as of the applicable date of determination, the sum of (1) the Stated Value thereof plus (2) any accrued dividends. "Conversion Price” means, with respect to each share of Series A Preferred Stock, as of any Optional Conversion Date, Mandatory Conversion Date or other date of determination, $5.50, subject to adjustment for stock splits, dividends, recapitalizations and similar corporate events.

The Warrants are two year warrants to purchase shares of the Company’s Common Stock at an exercise price of $7.00 per share, subject to adjustment, and are exercisable at any time on or after the date that is six (6) months following the issuance date. The Warrants provide for cashless exercise in the event the underlying shares of common stock are not registered.

The Company intends to use the proceeds from the financing for working capital purposes.

[tmonkey]

looks like today but cant find time---

[Kaizenman]

I did not register to find out. It could be either day...

https://www.meetmax.com/sched/event_77369/__agenda_cp.html

I would expect some new investors after this conference. With a relatively low float, it does not take too many new investors to incrementally increase share price.

GLTU!

[tmonkey]

wonder if they are today or tomorrow and what time???------tmonkey

[tmonkey]

been buyin all i could handle under 6.50----im lookin for 10 near term and more on the long haul---sure is quiet on this board!!-----tmonkey

[Kaizenman]

SP filled the gap and now back on the upswing. Could be a big day tomorrow with them presenting at the investor conference. GLTU!

[tmonkey]

im buyin now---this is the real deal after run up to 9$ on confirmation of their being at the top of the quantum game---sld dn too much here!!------tmonkey

[tmonkey]

i saw OS at 29 mill last and they traded more than that yesterday?? would love to know a new OS HERE!well at least there are alot of new owners in at above 8$-i will probably go lower now and ill be looking for a bottom this time around-doubt 4-5s will get hit------tmonkey

[tmonkey]

just bt em back for 6.55---tmonkey

[Pedro2004]

Thank you for the info. I'll mark this as a watch.

[tmonkey]

i let go of half mine on pop------looks like i should have given them more---wait until dec when the win this thing---then it will be the big$$ for them ----exposure and contracts-----i have until then to get a full position again---tmonkey

[Pedro2004]

Great news. But the company is selling shares.

[bobbertino]

Could the govt. use quantum? $QUBT
It seems like the FBI, CIA, Pentagon, etc. could use quantum computing.
Is a government contract wiyhin the realm of possibilities?

[WallStreetMyWay]

$QUBT-Stock is charging waitperson this is something long-term we neutralizer contrary that is a facts on policy forwards? recto hold.

https://www.otcmarkets.com/stock/QUBT/news/Quantum-Computing-Inc-Lists-on-Nasdaq-Capital-Market?id=311642

[WallStreetMyWay]

NASDAQ-A interests free dont worry about it>? backs an forth suit.

https://www.otcmarkets.com/stock/QUBT/news/Quantum-Computing-Inc-Lists-on-Nasdaq-Capital-Market?id=311642

[White Coal]

QUBT isn't done IMO. Mr Liscouski is the best in the business when it comes to Quantum security.

Quantum computing in it's infancy.

I do agree there will better stocks to flip. But long-term looks great here.

[makinezmoney]

$QUBT: Get into $TIRX next.............

Gonna pop hard.


Now at $5


I got 30k shares at $5



the next $SGOC runner



GO $TIRX

[tmonkey]

sld half of remaining position just now-near hod----still have a few for space ride----tmonkey

[makinezmoney]

$QUBT: Sold 5k shares at 9.60 today...........


That'll do.




GOtta collect those profits.


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164924327


Not bad for a few days of easy work.


Lets get $NATUF going now !!!!!!!!!!



GO $QUBT

[tmonkey]

let half go ----ridin the rest!!-under 4s seemed like a nice deal ---and rest are freebies now------tmonkey

[makinezmoney]

$QUBT: Bigggggggggg mover to 7.40 now


Hellooooooooooooooooo


Me likey



GO $QUBT

[Renee]

QUBT moved to the Nasdaq from the OTC:

https://otce.finra.org/otce/dailyList?viewType=Deletions

[eronbo]

They have been working on an up list to NASDAQ since last December. NASDAQ is backlogged and I understand it can take as long as 6 months to obtain approval. Assuming that QUBT qualifies for the up list it should be happening any day soon. That should increase liquidity, bring institutional investors in to the stock and analyst coverage.

[tmonkey]

topped off boat this am--sure miss those sub 4s.but 6s will work out fine too----tmonkey

[bobbertino]

Sounds promising! Long here. $QUBT

[bobbertino]

News Out $QUBT
https://www.otcmarkets.com/stock/QUBT/news/QCI-Applies-Quantum-Software-Across-Six-Business-Segments?id=303062

[tmonkey]

addin sub 4s---this cant keep falling---my fingers have no more blood to give to this knife!!----tmonkey

[tmonkey]

thanks for info!!their need of capital makes them an easy target---but in the long run they are too cheap here and i am getting my avg down with every dip----tmonkey

[Thisisit25]

Interesting, how do you know this?

[RMacchio]

QUBT is being heavily shorted at this point. Apparently, a large block of QUBT shares is being held by customers at Wilson Davis, a broker specializing in OTC stocks. Someone at Wilson Davis, or at another broker clearing through Wilson Davis, is "borrowing" their customers' shares in order to heavily short this stock. Seems pretty unethical to use their customers' shares to try and drive down the value of their customers' accounts. Hopefully the QUBT shareholders file a complaint with FINRA and the shorting stops soon.

Looking online, Wilson Davis has been censured by FINRA or the SEC a few times in the past 10 years for illegal pump and dumps and other violations. I guess this kind of unethical behavior is "business as usual" at firms like this.

[tmonkey]

under 4 soon??---just have to take a few more---everybody jumped ship here???----tmonkey

[tmonkey]

took some under 5 to help my horrible avg-----finished buying for sure now-never thought they woulg get here again!!will just put them away hoping for the best-------tmonkey

[tmonkey]

from the lack of chatter here sems like interest has dried uo---i have added some saily this and last week----got all i want now-----tmonkey

[bobbertino]

News out $QUBT
https://www.bloomberg.com/press-releases/2021-03-23/qci-launches-quantum-powered-qgraph-for-compute-intensive-graph-analytics

[tmonkey]

been buying chunks the last few hrs and have now doubled my position----ill just put em away for the prize--------tmonkey

[tmonkey]

gonna double down today and prey for uplisting!----tmonkey

[tmonkey]

any ideas why we are getting kicked here???back to where i added last time around----im holding fast and will look to add this week--tmonkey

[bobbertino]

Appt brings QCI toward NASDAQ Req $QUBT
https://finance.yahoo.com/news/quantum-computing-inc-appoints-robert-133100005.html

"Following his appointment, QCI’s board now has five directors with three serving independently. The appointment advances the company toward satisfying the requirements of its application to list its shares on the Nasdaq Capital Market."

$QUBT
GLTA!!!

[Nymeses]

News on uplisting should be any day now, been 7 weeks, starting week 8 since they applied, sure hope they get it.

[Hitman970]

PT 35$ if they uplist to NYSE

[lofdog3]

https://finance.yahoo.com/news/qci-qikstart-program-accelerates-business-133100365.html

Gaining traction and exposure with every new development. Just a matter of time till we make a run at highs again IMOP

[RMacchio]

See the interview with CEO Robert Liscouski in Seeking Alpha posted on Friday:
https://seekingalpha.com/instablog/40844025-cestrian-capital-research/5546388-getting-measure-of-quantum-computing-interview-qubt-ceo-robert-liscouski?inf_contact_key=1746cb027c1915cbe52793611c323d7f4dfbc39d7283b2cb89d5189540b69330

[RMacchio]

What 8-K are you referring to? The last 8-K I found was from Jan-05 dealing with a private placement offering.

[Hitman970]

Huge 8-K released under the radar. Unstoppable now.

[Nymeses]

Thanks I agree, don’t plan on selling for a long time, especially if they uplist, think the floodgates will open then big time, would be awesome to be in a company like this from the very start.
Hear of those stories of “if you’d of kept those shares when the company first started, you’d be a millionaire today”, I want that!

[lofdog3]

Nice summary, Well said and worth repeating...

No new shares issued....

most of this TINY float is held tight by long term investors from a few years ago like myself, a few investors here and whomever the recent smart accumulators Are IMOP.

I Agree 100% Long and strong for the win.

GLTA

[RMacchio]

This isn't a typical pump and dump because they aren't issuing a bunch of shares. In fact, one of the reasons for the volatility in their stock is that their float is so small. I think some big players are accumulating shares and, of course, there are traders buying and selling along the way that bring in the big swings.

They have a pretty solid staff (brought over two key software guys from D-Wave when D-Wave shut down their software development to focus on the Quantum hardware) and have some key advisors from finance, biotech, software security, etc. on their board. They got a big boost back in August when this Investorplace article appeared in YF:

https://finance.yahoo.com/news/7-quantum-computing-stocks-buy-130034404.html

They've talked about uplisting for the past 6 months and I expect to see some big contracts in the near future. I believe this is the real deal.

[Hitman970]

Excellent since the days of IBGH

[Nymeses]

So I’m seeing they applied to uplist to NASDAQ, and on other boards people are saying typical pump and dump stock.
Yet in the past 2-3 weeks millions of $ have bought into this stock before this news, I don’t know, but doesn’t seem like a pump and dump stock.
Going long on this with hope

[tmonkey]

ill add some here -got a fill under 8 and will hope for more weakness to add-after selling 2 early last time around--been busy loadin the other one with tax loss selling helping me get in on the cheap------tmonkey