12/20/24 - $BTQQF - I own a small amt at $2, but complicated12/20/24 :: VROCKSTAR :: OTC:BTQQF
I own a small amt at $2, but complicated
- canadian quantum company focused on near term use cases, including chips (partner of NYSE:TSM one of my favorites) as well as IDX:STRK (starkware - a leading zk L2 on CRYPTOCAP:ETH ).
- the CEO seems like a smart guy. i don't get scammy vibes from him
- stock simply popped bc quantum is the new "space lasers making salad bots and running on palantir". that being said, a lot of these quantum names (as i've written about under NASDAQ:QUBT recently/ this week as a short)... aren't all that investable
- equally, this "company" BTQ isn't really something that will return you big cash anytime soon. if there are perhaps a few thousand quantum researchers globally operating at a high level, BTQ has 30+ employees.
- point is, these guys seem well positioned to ride the wave and the stock's market cap is substantially cheaper than the hardware names - which in a sense is cool b/c while i expect BTQ to dilute at this stock price which keeps me from growing size too big (as well as i expect the multi billion caps to correct further lower which could take this sub $1 again)... at that pt i'll ow it again.
canadian too (and you can just buy the non OTC ticker if you live in canada as NEO:BTQ ), worth noting, associated w/ waterloo perhaps one of the best quantum labs in the world and with tight ties to NYSE:QBTS (d wave).
what do you guys think?
V
