Gday all, I tried to take a few notes at todays Adelaide Archer meeting (not that easy to listen & write), if any other posters were there please correct me if I'm mistaken. Most of the content of the meeting can be found within Archers event announcement notes today
1) Had a brief chat with Mo, Martin and Matthew very approachable and enthusiastic, I think i also saw Greg English ( Chairman) Damien (CFO) and James (marketing) and Alice McCleary made an appearance. There were also reps from the Govt and the Uni at the meeting but I was unaware of who they were
2) Australia is seen at the leading edge of this chip technology, Matthew said Aust was way ahead of the UK and others in this space
3) Mo emphasized that the Bio- Chip HAS NOT been cracked yet by others, neither has the Quantum chip, don't believe a lot of the press as most of it is fluff
4) Patents are number one to secure, Mo suggested to read every single part of each patent, only a couple more to go but Archer have continued to file individual patents over the last year
5) Matthew touched on IBM saying its not and never will be comparable to Archers room temp qubit, IBM is cloud based and so big you can see it by eye and needs to be cooled down to cryogenic temps so will always be limited
6) All 3 agreed that Archer punches above its weight in Australia, most companies World wide are Uni spin offs
7) All the big Companies World wide are watching closely some of these Companies working with Archer wouldn't be doing so if they didn't believe that Archer had something
8) Despite what you may hear or read, neither the Bio Chip or Quantum chip HAVE been cracked by anyone else yet
9) The Govt has acknowledged that the I.T. IS COMING and that classical computers will NEVER crack complex issues. 1 Qubit is more powerful than can be expressed, it can be nation changing
10) The problem for Archer going forward is an Engineering issue not a Qubit issue ( not sure i heard that one correctly )
Alice asked why does all the Quantum funding seem to be going elsewhere, why cant Archer seem to cut thru the room temp issue. My take on the response was that there is still a lot of scepticism out there as to weather room temp is achievable
Shareholder asked, why hasn't there been a potential buyout, Mo said as far as he is aware no one wants to currently buy Archer and his personal view is for Archer to "Go Hard" and "Ram it Home" but said at some point that may change much the same as any shareholder deciding to sell their shares in any given Company.
For what its worth I don't think they are bothered about the SP weather its up or down, they appeared to be totally focused on achieving their goal, hope this is useful
@2105 I tried 3 times to email but mail got returned, I must have an incorrect address
Cheers to all DYOR, GLTAH
(20min delay)