12/20/24 - $BTQQF - I own a small amt at $2, but complicated

12/20/24 :: VROCKSTAR :: BTQQF
I own a small amt at $2, but complicated

- canadian quantum company focused on near term use cases, including chips (partner of TSM one of my favorites) as well as STRK (starkware - a leading zk L2 on 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 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 BTQ), worth noting, associated w/ waterloo perhaps one of the best quantum labs in the world and with tight ties to QBTS (d wave).

what do you guys think?

V