rto Touchstone gold about to be involved in rto, but could it be another company though, how many more are there out there that could be suitable, but if tgl hold the distribution rights to cqcl,what would that mean if a rto happened it means the new company would have them, who would bother to buy them in the first place if a rto would just take em back again, and also two sets of accounts to be done, what's hard about that, they better be quick now, I just want to get my savings back hopefully with interest pretty quick.
Re: CQCL Venture Capital Vindication It's time for Britain to produce the next software tech giant: step forward Cambridge Quantum Computing Ltd. (in which TGL has a stake, as well as being a key business partner.)
CQCL Venture Capital Vindication "It's not all about London: regions attract growing share of venture capital cashA quarter of all investor finance this year has gone to firms outside the capitalElizabeth Anderson5:15AM BST 08 Oct 2015Venture capital (VC) investment into British technology companies has hit a record high, with a quarter of that money directed at firms based outside the capital.Companies raised $2.2bn (£1.44bn) from VC investment funds backing high-growth businesses in the first nine months of the year. This topped the $2.1bn raised in the whole of 2014 and is three times more than the £790m raised in 2010, according to data from promotional organisation London & Partners.London has been the main beneficiary of funding, attracting 75pc of total investments.However, firms outside the capital are also attracting multi-million-pound offers from investors. Major non-London deals included an $82m investment into Cheshire-based holiday company Sykes Cottages, $61m of financing for Lancashire-based communications firm Daisy Group, and an injection of $50m into Cambridge Quantum Computing.Top investments outside London this year1 Sykes Cottages, Cheshire, $82m2 Daisy Group, Lancashire, $60.77m3 Cambridge Quantum Computing, Cambridgeshire, $50m4 Gigaclear, Oxfordshire, $46m5 First Light Fusion, Oxfordshire, $35.41mJust four companies accounted for half of the $491m raised in London in the past three months. These were online takeaway service Deliveroo, which raised $70m in July, Made.com and Secret Escapes, which recently raised $60m apiece, and Prodigy Finances $19.5m investment round.There has been a rapid rise in the number of tech businesses in the capital. Londons digital technology sector has grown by 46pc since 2010, and there are expected to be 51,500 firms by 2025, according to consultancy Oxford Economics.In little more than five years we have seen investment in Londons tech sector increase tenfold. Todays figures, and the fact that London is home to more software developers than anywhere else in the world, validate the fact that Londons tech sector is maturing and is one of the world's leading tech hubs, said Eileen Burbidge, partner at London-based investment firm Passion Capital and newly appointed head of government agency Tech City UK.There has been a rapid rise in the number of tech businesses in the capital. Londons digital technology sector has grown by 46pc since 2010, and there are expected to be 51,500 firms by 2025, according to consultancy Oxford Economics.In little more than five years we have seen investment in Londons tech sector increase tenfold. Todays figures, and the fact that London is home to more software developers than anywhere else in the world, validate the fact that Londons tech sector is maturing and is one of the world's leading tech hubs, said Eileen Burbidge, partner at London-based investment firm Passion Capital and newly appointed head of government agency Tech City UK."[link]
Quantum leap: silicon logic gate "Has computing taken a quantum leap? Scientists use strange subatomic particles to create the building blocks of a super computer Quantum computers capable of doing far more complex calculations than current supercomputers may now become a reality following study Computer scientists have described the breakthrough as 'game-changing' They created quantum bits, or qubits, on silicon to perform calculations Richard Gray for MailOnline Published: 16:33, 5 October 2015 | Updated: 193, 5 October 2015 A major step towards building quantum computers capable of performing formidable calculations at a fraction of the speed of current machines has been achieved. Computer scientists claim to have made a 'game-changing leap' by building a logic gate a building block of a digital circuit using the strange properties of subatomic particles in silicon. They say these could eventually lead to new types of quantum microchips that would revolutionise the digital world. ... Professor Andrew Dzurak, director of the Australian National Fabrication Facility at the University of New South Wales, said: 'We've demonstrated a two-qubit logic gate - the central building block of a quantum computer - and, significantly, done it in silicon. 'Because we use essentially the same device technology as existing computer chips, we believe it will be much easier to manufacture a full-scale processor chip than for any of the leading designs, which rely on more exotic technologies. 'This makes the building of a quantum computer much more feasible, since it is based on the same manufacturing technology as today's computer industry.' ... The key step taken by the Australian scientists was to reconfigure traditional transistors so that they can work with qubits instead of bits. Lead author Dr Menno Veldhorst, also from the University of New South Wales, said: 'The silicon chip in your smartphone or tablet already has around one billion transistors on it, with each transistor less than 100 billionths of a metre in size. 'We've morphed those silicon transistors into quantum bits by ensuring that each has only one electron associated with it. ... 'We then store the binary code of 0 or 1 on the 'spin' of the electron, which is associated with the electron's tiny magnetic field.' The team has now taken out a patent on a full-scale quantum computer chip that could perform functions involving millions of qubits. A practical quantum chip could have a huge impact in areas where classical computers face an uphill struggle. These include weather forecasting, the stock market, drug development, code-breaking and encryption, and exploring the fundamental nature of the universe."[link]
Re: RNS I hope you are right.
Re: RNS Whitelabel,Nothing has changed.It was already the case that delisting could occur after six months from the end of June, but that won't happen.The company are working to a timetable, and there is a lot going on behind the scenes.They have their reasons for what they are doing, and I have the utmost confidence in both their ability and their integrity.
RNS Not looking good at all, now accounts not filed. Could be dead and buried at the end of the year."In the event that the Company is unable to implement its investing policy, release its Report & Accounts for the year ended 31 December 2014 and release its interim results for the six months ending 30 June 2015 by 31 December 2015, admission of the Company's shares will be cancelled in accordance with Rule 41 of the AIM Rules."
Re: Positive Outlook In June TGL invested £200,000 into CQCL, a 20% discount to the price of the subsequent much larger fundraising, i.e. TGL's stake is worth £250,000 at that latter price.If CQCL 500-bags from that latter price, TGL's stake will be worth £125 million. Let's call this the "Microsoft scenario".Though if CQCL does indeed become the 'Microsoft of quantum computing', then CQCL could actually thousand-bag, as Microsoft itself did.And if that happens, then TGL's stake would be worth a cool quarter of a billion pounds.Compared to TGL's current market cap. of circa £3.5M.And that of course is in addition to the value of GOS Systems itself, including its distribution rights over CQCL's forthcoming Quantum Key Encryption ("QKE" products.So anyone looking for a LSE listed play on quantum computing should look no further: TGL is it, and longer term must surely have 100-bagger potential, combined with superb downside protection.
Positive Outlook It all sounds very positive.GOS has been investing heavily into its business this year, but this will pay dividends in terms of increased capacity and new product launches, and 2016 should be the break though year for financial results.My impression is that while TGL's existing listing will be retained for GOS Systems, the old company will be delisted, and its assets transferred to the new listed company.GOS's close association with Cambridge Quantum Computing Ltd. is and will continue to be exciting whether they combine into one joint listing or not.And a CQCL reverse takeover of GOS doesn't have to be soon: e.g. it could be in a year of 2 (at much bigger valuations for both). According to this article extract from January, fellow quantum computing leader D-Wave could 500-bag:"Its also likely that TINY would sell their shares in a liquidation event at 3X to 10X valuation when in fact D-Wave becomes the next Intel (NASDAQ:INTC). Thats why we threw in the 500X return Intel scenario. If D-Wave actually achieves the market cap of Intel, then this would represent about a 500X return for TINY."[link]
Re: Conference call at 11am this morning Ouch, suspended until the new year and dilution on re-admission.
Conference call at 11am this morning [link] we have some news and are soon out of suspension.
Re: D-Wave Breaks 1,000 Qubit Barrier "Posted on AUG 20, 2015Announcing the D-Wave 2X Quantum ComputerWe are very excited to announce the general availability of the latest generation of D-Wave quantum computers, the D-Wave 2X system. With 1000+ qubits and many other technological advancements, the D-Wave 2X will enable customers to run much larger, more complex problems on the system. In addition to scaling beyond 1000 qubits, the new system incorporates other major technological and scientific advancements. These include an operating temperature below 15 millikelvin, near absolute zero and 180 times colder than interstellar space. With over 128,000 Josephson tunnel junctions, the new processors are believed to be the most complex superconductor integrated circuits ever successfully used in production systems. Increased control circuitry precision and a 50% reduction in noise also contribute to faster performance and enhanced reliability. ...A summary of the TTT benchmark is as follows: The D-Wave 2X finds near-optimal solutions up to 600x faster (depending on inputs) than comparable times for the best known and highly tuned, classical solvers. This comparison uses the quantum anneal time of the D-Wave processor. ..."[link] unveils new quantum computing benchmark (and its fast)Time to good-enough is a better measure than time-to-perfect.by Chris Lee - Sep 2, 2015 4:28pm BSTD-Wave, a company we have covered extensively in the past, has taken some heat because a number of tests have shown that its adiabatic quantum optimizer is no faster than a regular computer. But the company is now claiming that its machine is between two to 600 times faster than a classical computer. What happened to obtain such a huge speed-up? A new benchmark, that's what.I remember when every OS manufacturer, chip maker, and video card vendor would either cheat or invent a new benchmark in order to claim to be the fastest. So my eyes initially rolled so hard that Newton's third law just about kicked me out of my chair. After recovering from the muscle strain, I got a hold of the paper, and much to my surprise, I agree with the authors. This comes into play in two ways. One is that the D-Wave system still has too few bits to be used for real-world problemsit's still the equivalent of a computer that can only compete with calculators. The benchmark only works within the space of problems that fit on the chip, which makes it unrealistic for now, although there is no denying that it shows the potential of D-Wave hardware.At present, D-Wave is aiming to compete with simulated annealers and equivalent solvers that can run on standard hardware. But once the company has scaled it to the point where their chip is useful, the real competition (and the real use of the benchmark) will be other physical annealing systems.arXiV.org, 2015, 1508.05087This post originated on Ars Technica"[link] 4, 2015 @ 5:33 PM 14,809 VIEWSQuantum Computing: From Theory To RealityThe word quantum often portends New Age mumbo-jumbo, in spite of the fact that quantum mechanics underlies many of todays most important technologies, including lasers and the semiconductors found in every computer chip.Nevertheless, today quantum computing is becoming a reality. And while it may look to the layperson like mere mumbo-jumbo, in reality of the technology has largely moved out of the theoretical stage, as recent news indicates.In fact, two important announcements over the last few weeks underscore the progress quantum computing is making.First, Burnaby, British Columbia, Canada-based D-Wave Systems announced the general availability of the latest generation of their D-Wave 2X quantum computer.Second, semiconductor behemoth Intel INTC -3.57%announced a $50 million
News coming [link] call on the 9th of September.
CQC fund raise news [link]
GOS update [link] news of TGL or what is happening long term.