Mark Howard
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mark--howard.bsky.social
Mark Howard
@mark--howard.bsky.social
150 followers 420 following 6 posts
Researcher in Quantum Information
Asst Prof in Maths & Applied Maths at the University of Galway

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@nfarina.bsky.social I remember we raised eyebrows about this company on the other site a couple of years ago
dulwichquantum.bsky.social Dulwich Quantum Computing @dulwichquantum.bsky.social · Mar 5
"A class action securities lawsuit was filed against Quantum Computing Inc. that seeks to recover losses of shareholders who were adversely affected by alleged securities fraud between March 30, 2020 and January 15, 2025."
markets.businessinsider.com/news/stocks/...
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) defendants overstated the capabilities of QCI's quantum computing technologies, products, and/or services; (ii) defendants overstated the scope and nature of QCI's relationship with NASA, as well as the scope and nature of QCI's NASA-related contracts and/or subcontracts; (iii) defendants overstated QCI's progress in developing a thin film lithium niobate, TFLN foundry, the scale of the purported TFLN foundry, and orders for the Company's TFLN chips; (iv) QCI's business dealings with Quad M and millionways both qualified as related party transactions; (v) accordingly, QCI's revenues relied, at least in part, on undisclosed related party transactions; (vi) all the foregoing, once revealed, was likely to have a significant negative impact on QCI's business and reputation; and (vii) as a result, defendants' public statements were materially false and misleading at all relevant times.
March 5, 2025 at 7:38 PM