>>61438195
> ========================================
> THE RED FLAGS - WHERE THIS GOES WRONG
> ========================================
>
> >let's count the ways this could be a total shitshow
>
> RED FLAG #1 - ZERO REVENUE FOREVER
> >nine months of financial statements
> >nine months = $0 revenue
> >prior year nine months = $0 revenue
> >three months Q3 2025 = $0 revenue
> >three months Q3 2024 = $0 revenue
> >literally ZERO revenue across the entire filing
> >company has never sold a single product
> >not a single customer
> >not a single purchase order
> >not even pre-revenue - it's pre-market for everything
>
> RED FLAG \#2 - CASH BURN IS ABSOLUTELY INSANE
> >burning $651,764 per month in operating cash
> >that's $219k per DAY
> >'let me check my vault' - company probably
> >9 months of 2025: burned through $5.86 million
> >9 months of 2024: burned through $6.85 million (actually worse)
> >wait they're improving? no wait, they're just running out of time
> >at current burn rate: ~15 months of cash runway
> >need to raise money or die within a year
> >then what? More dilution for shareholders (spoiler: yes, lots)
>
> RED FLAG #3 - DILUTION APOCALYPSE (THIS IS CRITICAL)
> >shares outstanding: 4.17 million
> >potentially dilutive securities outstanding: 9.95 million
> >that's 239% potential dilution
> >let me repeat that for the people in the back: TWO HUNDRED AND THIRTY NINE PERCENT DILUTION
> >like if you own 100 shares, there could suddenly be 339 shares
> >every warrant exercised dilutes you
> >every preferred share converts dilutes you
> >every full ratchet anti-dilution clause triggers dilutes you
> >the fully diluted share count is 14.1 million shares
> >meaning your ownership gets carved up into thirds
> >valuation on FD basis is WAY different than basic shares
>

>>61438198
> RED FLAG #4 - PREFERRED STOCK NIGHTMARE
> >company has issued:
> >Series F - mostly converted/redeemed
> >Series F-1 - mostly converted
> >Series G - 8,804 shares outstanding, liquidation preference $8.8M
> >Series H - 7,000 shares outstanding, liquidation preference $7M, 15% dividend rate
> >Series I - 747,362 shares outstanding (just issued), converts to 665k common shares
> >each one has "full ratchet" anti-dilution clauses
> >full ratchet = if stock price drops, automatically adjust to protect preferred holders
> >common shareholders get squeezed
> >this is bad for common equity
>
> RED FLAG \#5 - \$9.38 MILLION CONTINGENT LIABILITY BOMB
> >company owes LightSolver $9.38M contingent consideration
> >this is basically a hidden time bomb on balance sheet
> >triggered when certain milestones hit
> >also owes up to $8.5M more in development fees if LightSolver hits targets
> >that's $17.88M in future obligations from a brand new deal
> >for technology that HASN'T BEEN VALIDATED YET
> >this is massive leverage
>
> RED FLAG #6 - INTANGIBLE ASSETS ARE FANTASY NUMBERS
> >technology license: $14.1 million
> >goodwill: $10.5 million
> >combined: $24.6 million
> >that's 66% of total assets
> >two-thirds of the balance sheet is basically "hope"
> >goodwill is from buying pharma companies that didn't work
> >technology license is from a licensing deal just closed in September
> >if either impairs, book value gets annihilated
> >easily could happen
>

>>61438199
> RED FLAG #7 - GOING CONCERN ISSUES
> >as of June 30, 2025: management said "lol we might not exist in 12 months"
> >substantial doubt about going concern
> >by September 30: "nevermind, we raised $6.7M, we're cool"
> >but this is just kicking the can down the road
> >this company will need MORE capital raises
> >more dilution coming for sure
>
> RED FLAG #8 - COMPLETE BUSINESS MODEL UNPROVEN
> >nobody has ever bought a QCLS product
> >the qc-LPU100 prototypes aren't finished yet
> >no performance data
> >no third-party validation
> >no regulatory certifications
> >no customer pilots
> >company is betting the farm on technology that:
> >>doesn't exist yet (still in development)
> >>hasn't been tested (prototypes in early stages)
> >>hasn't been validated (no independent benchmarks)
> >>hasn't been commercialized (no manufacturing)
> >this is the definition of pre-revenue speculative play
>
> RED FLAG #9 - RELATED PARTY CHAOS
> >Joshua Silverman is Executive Chairman of QCLS
> >Joshua Silverman is ALSO interim CEO of PharmaCyte Biotech
> >PharmaCyte Biotech invested in Series G preferred stock
> >PharmaCyte Biotech invested in Series H preferred stock
> >so the CEO is basically a large shareholder through his other company
> >corporate governance nightmare
> >conflict of interest written into the capital structure
>

>>61438201
> RED FLAG #10 - ACCUMULATED DEFICIT IS CRUSHING
> >$137.6 million in accumulated losses
> >that's like... a LOT of failures
> >this isn't a young startup losing money while growing
> >this is a company that's been around forever and never made money
> >every product failed
> >every therapy candidate failed
> >every business unit failed
> >now they're betting on a completely new business they know nothing about
> >why would this time be different?
>
> RED FLAG #11 - NEGATIVE TANGIBLE BOOK VALUE
> >book value per share: $3.44 (basic)
> >but remove the goodwill and technology license...
> >tangible book value per share: -$2.46 (basic)
> >-$0.73 (fully diluted)
> >negative tangible book value is BAD
> >means if you liquidate excluding intangibles, you lose money
> >all the value is speculative
>
> RED FLAG #12 - EXTREME STOCK PRICE VOLATILITY
> >September 24, 2025: stock hit $8.94 intraday high
> >October 3, 2025: stock hit $6.95 peak
> >November 28, 2025: stock down to $3.58
> >December 3, 2025: stock jumped to $4.67
> >this is NOT normal volatility
> >this is pump-and-dump adjacent behavior
> >wild swings indicate institutional capital fleeing
>

>>61438203
> ========================================
> THE GREENFLAGS - WHY PEOPLE ARE GAMBLING ON THIS
> ========================================
>
> >okay okay, not all is dark
> >some things actually look decent
>
> GREEN FLAG #1 - ACTUALLY RAISED CAPITAL
> >Series H private placement: $6.7 million gross proceeds
> >warrant exercises: $2.7 million
> >total raised in 9 months: ~$9.35 million
> >compared to Series F-1 and G in 2024: ~$14 million
> >so they're still able to raise money
> >not easy, but possible
> >means survival is possible if execution happens
>
> GREEN FLAG #2 - CASH POSITION IMPROVED DRAMATICALLY
> >December 31, 2024: $173,154 in cash
> >September 30, 2025: $6.9 million in cash
> >that's 40x improvement
> >plus $3.1 million in marketable securities
> >total liquid assets: ~$10 million
> >not bad for survival window
>
> GREEN FLAG #3 - WORKING CAPITAL IS POSITIVE
> >current assets: $11.1 million
> >current liabilities: $6.5 million
> >working capital: $4.6 million
> >not drowning in immediate debt
> >can pay bills for a bit
>

>>61438205
> GREEN FLAG #4 - BURN RATE ACTUALLY IMPROVED YoY
> >nine months 2024 cash burn: $6.85 million
> >nine months 2025 cash burn: $5.87 million
> >that's $980k improvement
> >maybe they're getting costs under control?
> >or maybe new business burns slower than pharma R&D
> >either way, trending better
>
> GREEN FLAG #5 - EXCLUSIVE LICENSE IS VALUABLE
> >global exclusive license with LightSolver
> >nobody else in the world can commercialize these LPUs for crypto
> >if the technology works, this is a moat
> >and it IS exclusive
> >worth something if execution happens
>
> GREEN FLAG #6 - JOINED A HOT SECTOR
> >blockchain infrastructure = hot
> >AI computing = hot
> >quantum computing = hot
> >energy efficient hardware = hot
> >if any ONE of these pans out, could be huge
> >market is betting on some of this paying off
>
> GREEN FLAG #7 - NASDAQ LISTING MAINTAINED
> >still trading on Nasdaq
> >not delisted (yet)
> >means institutional money can still touch it
> >some credibility threshold maintained
> >not (yet) a penny stock disaster
>

>>61438207
> ========================================
> THE MATH - WHAT IS THIS ACTUALLY WORTH?
> ========================================
>
> >this is where it gets spicy
> >let's do valuation
>
> SHARES OUTSTANDING
> >basic shares: 4.17 million
> >fully diluted shares: 14.1 million (accounting for warrants + preferred)
> >4.823 million warrants at various prices
> >2.657 million Series G preferred convertible
> >1.800 million Series H preferred convertible
> >665k Series I preferred convertible
>
> BOOK VALUE PER SHARE
> >stockholders equity: $14.32 million
> >basic shares: 4.17M
> >book value per share (basic): $3.44
> >
> >BUT FULLY DILUTED:
> >fully diluted shares: 14.1M
> >book value per share (FD): $1.01
> >so your $3.44 becomes $1.01 when fully diluted
> >that's the dilution punch
>
> TANGIBLE BOOK VALUE PER SHARE
> >remove goodwill ($10.5M): -$3.86 per share already
> >remove technology license (\$14.1M): -$10.62 per share
> >tangible book value: -$2.46 (basic), -$0.73 (FD)
> >NEGATIVE
> >this means liquidation = losses
> >all value is in the intangibles
> >intangibles that could go to zero
>
> CASH PER SHARE
> >liquid assets: $10 million
> >basic: $2.40 per share
> >fully diluted: $0.71 per share
> >so if company dies tomorrow:
> >on basic: you get $2.40 back
> >on FD: you get $0.71 back
>
> NAV PER SHARE
> >(total assets - total liabilities) / shares
> >total assets: $37.2M
> >total liabilities: $15.9M
> >NAV: $21.3M
> >basic: $5.12 per share
> >fully diluted: $1.51 per share
>
> CONTINGENT LIABILITY IMPACT
> >if we subtract the $9.38M contingent consideration:
> >adjusted value: $12M / 14.1M FD shares
> >= $0.85 per share worst case
>

>>61438211
> CURRENT STOCK PRICE: $4.67
>
> So we have:
> >Bear case (liquidation): $0.15 per share
> >Base case (book value): $1.01 per share
> >Bull case (NAV): $1.51 per share
> >Current price: $4.67 per share
>
> THIS MEANS:
> >stock trading at 3-31x fundamental value
> >depending on which metric you use
> >the market is betting BIG on the pivot working
> >paying a 4.6x premium to bull case
> >if this fails, stock crashes 80-95%
>
> ========================================
> THE VALUATION BREAKDOWN
> ========================================
>
> >three scenarios
>
> SCENARIO 1: LIQUIDATION / BEAR CASE
> >assume company dies
> >sell all assets at fire sale prices
> >pay all debts
> >preferred holders get their liquidation preference first ($15.8M)
> >common shareholders get what's left
> >liquid assets only: $10M
> >minus liabilities: -$6.5M in current liabilities
> >equals: $3.5M
> >minus contingent liabilities: -$9.4M
> >equals: -$5.9M (NEGATIVE)
> >common shareholders get: $0 to $0.15 per share
> >this is the "it's over" scenario
>

>>61438213
> SCENARIO 2: BASE CASE / ORDERLY CONTINUATION
> >company survives but doesn't execute
> >burns through 15 months of cash
> >needs to raise more money at dilutive terms
> >intangibles get partially impaired (50% haircut)
> >goodwill fully written off (it's worthless)
> >book value becomes $6M
> >that's $1.44 per FD share
> >stock price should be: $0.71-$1.01 per share
>
> SCENARIO 3: BULL CASE / EXECUTION WORKS
> >qc-LPU100 prototypes work
> >customers interested
> >LightSolver partnership pays off
> >intangibles retain full value
> >company grows revenue starting 2026
> >NAV is $21.3M
> >that's $1.51 per FD share
> >but IF revenue starts and margins are good:
> >could be worth $2-5 per share
> >this is the 10x bagger dream
>
> ========================================
> THE REAL ISSUE: DILUTION MATH
> ========================================
>
> >this is the key thing anon
> >if you own 1000 shares of QCLS right now
> >
> >you own: 1000 / 4,166,760 = 0.024% of company
> >
> >when all the warrants and preferred convert:
> >you own: 1000 / 14,115,467 = 0.007% of company
> >
> >your ownership got cut to 1/3
> >but the underlying value didn't triple
> >so you're -66% just from dilution
> >
> >this is why FD metrics matter
> >this is why the current stock price is sus
> >paying $4.67 for something worth $1.01 FD
> >big bet on execution
> >almost certain to disappoint
>

>>61438214
> ========================================
> THE TIMELINE - WHEN DOES THIS EXPLODE?
> ========================================
>
> >short term (next 3 months): probably fine
> >they have $10M in liquid assets
> >burning $652k/month
> >can survive Q1 2026
> >
> >medium term (next 6-12 months): critical period
> >qc-LPU100 prototypes need to show results
> >need to start pilot programs with customers
> >need to prove concept works
> >if nothing happens, need to raise money again
> >at worse terms = more dilution
> >
> >long term (12+ months): do or die
> >need revenue
> >if still zero revenue by Q4 2026:
> >company is dead
> >stock goes to penny stock territory
> >maybe gets delisted
> >shareholders wiped out (or heavily diluted)

> ========================================
> THE VERDICT
> ========================================
>
> >this is not a normal stock
> >normal stocks have revenue, customers, products
> >this stock has a pivot, a license, and hope
> >
> >bull case: $1.51-5.00 per share (requires execution on new business)
> >bear case: $0.15 per share (requires business failure)
> >current price: $4.67 per share
> >
> >the market is saying: "I believe this company will execute"
> >but it's betting on:
> >>technology that doesn't exist yet
> >>a business model never tried before
> >>a sector that's speculative
> >>a team with no experience
> >>a company with a track record of failure
> >
> >TLDR:
> >- zero revenue, burning $600k/month
> >- 239% dilution overhang
> >- 14M shares when you thought 4M
> >- fair value $1.01 FD (bear case $0.15)
> >- current price $4.67 = 4.6x premium
> >- this either moons to $10+ or craters to $0.20
> >- no middle ground
> >- full casino mode engaged
>

>>61438215
> ========================================
> FINAL THOUGHTS
> ========================================
>
> >this company either:

> >A) successfully pivots to quantum computing and becomes a crypto legend ($$$)
> >B) fails, burns through cash, gets diluted to nothing ($0)
> >
> >there's almost no scenario where it trades sideways
> >any revenue traction = moon ($10-50)
> >any failure = crater ($0.20-0.50)
> >
> >if you buy at $4.67:
> >you're betting the dilution doesn't matter
> >you're betting the technology works
> >you're betting they execute
> >you're betting the blockchain market is real
> >
> >if you're right: 5-10 bagger easy
> >if you're wrong: 80-90% loss certain
> >
> >this is purely a lottery ticket play
> >not an investment
> >not value
> >pure speculation
> >
> >DO YOUR OWN DUE DILIGENCE
> >the 10-Q is long, complex, and full of traps
> >but the fundamental story is simple:
> >zero revenue, lots of burn, potential massive upside, massive downside
> >
> >typical NASDAQ micro-cap pump and dump
> >complete casino
> >
> >that's QCLS anon
> >the company that said "screw pharma" and went all in on crypto
> >let's see if they pull it off
> >my money says they don't
> >but stranger things have happened

almost had me op before you posted the same slop 15 times. true biz scammer indicator popping off. kys.

>>61438223
Where did you copy this from OP?
Shkreli got more than a few things right this past year, with only the recent CAPR debacle causing major losses.

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>>61438235

It was revealed to me in a dream https://youtu.be/rIHIwKB6eNc

>be physicist at Weizmann Institute
>tired of quantum computers needing millions of dollars in cooling equipment
>tired of GPU memory bottlenecks slowing everything down
>have idea: what if we just... used lasers
>take laser array, modulate phases and amplitudes
>bounce beams between mirrors in cavity
>interference patterns encode the solution
>measurement camera reads answer in microseconds
>no quantum mechanics needed, no error correction nightmare
>2025: LPU solves optimization problems 2-1000x faster than deep learning
>just announced: can solve PDEs (heat, wave, Schrödinger equations)
>works at room temperature, fits on desk
>current version: 100 lasers
>2027 roadmap: 200 lasers, 100k grid points
>2029 roadmap: 1000 lasers, one million variables
>this is unironically the future of computing
>it's just laser bits bouncing around
>no hallucinating AI, no quantum wavefunction collapse
>just pure optical math happening at speed of light
>Ansys already partnering to solve real engineering problems
>WEF named it Technology Pioneer 2025
>125 million euros in funding
>mfw laser computer goes brrr and solves your problem in microseconds while your GPU is still loading system memory

Went all in with $400k this morning. Sold $600k just now. Fastest, easiest $200k I've ever made. Thanks op.

>>61438703

More tips here https://x.com/HideyoOosawa

this one feels too forced. like martin was desperate for a quick win after capr

>>61438246
this is dumb and misunderstands what a quantum computer is for and why they are useful. it's not "speed", it's the ability to model all possible states simultaneously

>>61438195
Just a warning to all anons.
I've been following Shkreli last few years, he's basically infamously wrong about everything with tech but usually right when it comes to biotech.

This nigga has been shorting quantum computing stocks while they've had 2000%+ pumps last 2 years

>>61439098
What are his current positions?

>>61439098
The issue is that when Biotech fails to produce the stock plummets. When quantum fails to produce (being a bubble) it can continue up. Quantum is retarded and gay. He's wrongfully shorting something that investors don't understand because you won't get the outcome you expect when it obviously fails. He's right however that it is fake and gay

>>61439436
Nah he's been way way off. He's made predictions like they won't make technical progress than RGTI show they're actually ahead of schedule towards fidelity.
Shit like that. He said Shors Algo was 20 years off about 8 months ago now they're saying 2 years. Way ahead of schedule, THATS why QC is pumping. He's one of those renaissance men type of guys who pretends he understands something more than you, yet is constantly wrong.

>>61440174
>now they're saying 2 years
And what makes you think they're telling the truth?
Quantum companies have been lying for more than a decade now.

>llm generated output
Aha
Go fuck yourself op
Mooooods
Delete this lazy faggots copy paste

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Theres an obvious short squeeze going on in the shit list today. Are these people born drooling? Quantum will NEVER be a thing. Thermo and optical crush it in every way. Fucking scam.s

>>61440174
Quantum garbage has been getting spouted for the last 20 years. It's fake and gay and suckers in retards. The only reason it is being pushed once again is "AI" has idiots investing into all sorts of garbage. He is 100% right, it's fake and gay.