Quantum Computing Inc (QUBT)

[Monksdream]

It loses money and will eventually have to sell stock to balance the books

[Nostradamus2012]

Is Musk involved in this Charade?

[Kreate]

https://www.prnewswire.com/news-releases/quantum-computing-inc-reports-second-quarter-and-first-half-2023-financial-results-301899940.html

[AJ Freely]

$QUBT- 👆Up 20% Pre-Market/ Current Price $1.71
👉2nd Phase Grants Program Launches Imminently, Enhancing Resilience to Quantum Threats-7/27
👉Receives Third NASA Subcontract Award - 07/13

[Monksdream]

QUBT touching the 200 day simple moving average

[Monksdream]

Quantum Computing Inc NASDAQ: QUBT

GoSymbol lookup
Information Technology : Software | Company profile
Quantum Computing Inc. is a quantum software and hardware company. The Company is focused on providing integrated quantum information gathering, transmission, and processing solutions, including both the user interface software and the quantum hardware. The Company’s core product is Qatalyst, which enables developers to create and execute quantum-ready applications on conventional computers, while also being ready to run on multiple quantum computers. Qatalyst is integrated with the Amazon Web Services (AWS) cloud-based Braket service (AWS Braket), which offers access to multiple Quantum Processing Units (QPUs), including Rigetti, Oxford Quantum Circuits and IonQ, QuEra, and Xanadu. In addition, Qatalyst contains the Company’s optimization problem solvers and QGraph and QAmplify tools. It has capabilities in finance, computing, security, mathematics and physics with technologies ranging from supercomputing to sensors and imaging technology.

[TJG]

Grabbed some in pre market and added at the open... now going to watch it work its way back to 2 buck may 3 with in the next couple weeks... or sooner if they can announce a nice sales agreement with a government agency ... military or Gov't law enforcement

[AJ Freely]

$QUBT - Launches the First Quantum Photonic Vibrometer, Featuring Groundbreaking Capabilities in Detecting Highly Obscured and Non-Line-of-Sight Objects at Great Distances
UP 2.1% Pre-Market/ Current Price $1.39

[ka pow]

Does this deal have 0.001 paper hangin in the weeds. Looking at the financials and it looks like they created 3,000,000 shares for 300 bucks. I hope I am wrong

[weedtrader420]

TY FOR THE $1.30 SHARES BAHAHAHA WEEEEEEEEEE QUBT$

[tmonkey]

been out of this since 3-4 dollar range----got in again-how much downside can be left???---tmonkey

[tuttistocks]

I believe QCI will go from here!

[dekeferrell]

Added 10k @ $1.66

[TheFinalCD]

2.76 TO 1.91 THAT WAS BRUTAL

[l2 hunter]

QUBT 2.42 start

[l2 hunter]

QUBT 16 min left to opening...

[glenn1919]

QUBT...................................https://stockcharts.com/h-sc/ui?s=QUBT&p=W&b=5&g=0&id=p86431144783

[l2 hunter]

QUBT

[TheFinalCD]

QUBT my red play of the day


turd trying to swirl the bowl

[S3lfMade]

Quantum computing is already being used in many areas, and researchers are continuing to make advances in its technology. It may still be a few years away from achieving mainstream relevance, but its potential applications are very exciting.

[S3lfMade]

Nice run... Quantum computing is years away from being relevant. Just ask chatgpt ??

[makinezmoney]

$QUBT: BOoommmmmmmmmmmm............. up 30% today


Now 2.70


Is this an AI play ??


GO $QUBT

[gitahne]

Anyone care to summarize the 8K filed today?

[G-lupo]

Is this stock completely dead or does it have any life in the future

[tmonkey]

ill look at that other one-tmonkey

[Kaizenman]

Good advice not to look until Jan. I was happy to some buying after hours in QUBT and buying in IONQ today. Hopefully the big slide is over.

[tmonkey]

no it is really oversld---tax selling and shorting will be remedied in january-----done even look until then-you must have a great avg!!-tmonkey

[Kaizenman]

I did not expect this washout... picked up my last shares for my full position just before the close. It is HODL for me. I expect this to trend slightly higher the rest of the year, and another bull run in the first qtr. GLTU.

[tmonkey]

dn but not out---they were still on the final list and have other directions--this sell off is fake news and i wish i had powder to buy into it------tmonkey

[Kaizenman]

They did not win. Here is the website with the results ->

https://aws.amazon.com/blogs/quantum-computing/winners-announced-in-the-bmw-group-quantum-computing-challenge/

[tmonkey]

even if they dont win --being a finalist should bring eyes to this one---Wonder if a big boy was buying on that 30 mill sh day-------tmonkey

[Kaizenman]

Nice. As far as I know, sometime tomorrow the results of the contest are published. Not sure when. GLTU

[tmonkey]

almost doubled dn been buyin all week here----tmonkey

[tmonkey]

mr too and back on mon

[Kaizenman]

Bought another 5% near the close. I hope we have seen the bottom....

[Kaizenman]

Not completely sure. I believe most of the moves are due to trading algorithms. JMO. GLTU

[tmonkey]

i just added too-wonder why so weak---sellin it dn for a cheap buyout???--tmonkey

[Kaizenman]

Obviously it went lower. I picked up another 5% under $5.00 a share and will see if it goes lower tomorrow.

GLTU

[tmonkey]

thanks---i would definately get some more before the 9th---i may dig a little deeper too at these prices----i didnt mind paying a bit higher as the pps could turn on a dime and i let em have alot over 8$---so my paper loss now is more than covered---now we have more time to see if we can get in even lower???---tmonkey

[Kaizenman]

My bad, 12/9/21 is the announcement date.

https://crowd-innovation.bmwgroup.com/servlet/hype/IMT?documentTableId=7025714350976893092&userAction=Browse&templateName=&documentId=740c3d47812c470b208a495d85f18206

[Kaizenman]

My understanding is the winner will be announced on 12/5. I need to do more digging to verify this.

I only picked up 5% more shares today. I will keep trying to accumulate.

GLTU

[tmonkey]

they have been cheap some time now----my 6s are underwater but no sweat long term---what is the date of the end of that competition??-tmonkey

[Kaizenman]

I am glad you have your full position. I am still accumulating. I have about half of what I want to accumulate. There are 4 forces that I am trying to trade around:

1) The contest results that will be announced next week.
2) Downward pressure till the end of the year due to tax loss selling.
3) It appears the trading algorithms are following the 50 weekly moving average for the demand signal. The current value of that is about $4.60.
4) Your observation that a buyout could occur at any time.

I will likely buy more tomorrow, but it will likely be in the 15% of my total planned position. GLTU.

[tmonkey]

couldnt resist under 6s today---just a matter of time here------tmonkey

[tmonkey]

took a ton under 6.60----full up now and ill wait it out----come on BUY OUT!!----tmonkey

[tmonkey]

takin some more now on take down--hopin for eod run like yesterday!--tmonkey

[tmonkey]

the conversion prices are not that bad for us -and they need funds until they get revenues--which cant be that far off??-better the pref shares than selling commons into the open market--- which they may have also done on that last run up to 9$----i would think some big company would be looking to buy this out at a good premium to pps now!!and fund the whole ball of wax from their fat cat funds!! that is what i think will happen just now and on weakness ill buy more.......i can wait--tmonkey

[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!