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Lower? Lenigas has already hinted that the funding for this is not the norm, he seemed rather pleased with himself on the subject. Remember with the Mattereum asset Passport element and Patrick L Youngs ability to open doors throughout the worlds Tier 1 exchanges i think that GSX group will be propelled to new heights with this deal.
When people realise they need to do a placing for GSX to go through, it will go lower.
looked poised to move up today but this persistent seller had another dump today, It is quite puzzling at the timing, but i guess someone needed the cash, well they can only sell once and news and GSX purchase is a day closer. This is a mid to long term hold for me and i'm very excited for next year. Market cap is peanuts at the moment
It will be interesting to see. I dont think there is any doubt that the deal will go through, the mcap is undervalued based on the current revenue and that the concept has a huge position in the market. There is clearly a demand for this type of product so if this is done correctly then the revenue could be eyewatering. The assumption on that is VLRM take revenue through a commission per trading of security, as i cant think how else revenue will be captured from the digital platform. Could be a set transaction fee or a % commission etc. Either way the success of this will be driven by the crypto whales and the value they see of leveraging against volatile moments in the crypto world. Another assumption is that they will be able to sell back into crypto or FIAT.
With regard to Dave, i have said before that investments shouldn't be dictated by a single shareholder. He has the ability to hammer the SP or drive it at that point in time, but the offering doesn't change. The fundamentals dont change. Just relax, switch off, go buy a Christmas tree, spend time with the family and let this one mature into something that will hopefully make people a lot of money...
San
He may well have been being Ironic....but hes been well behaved to date on Telegram!! This could be so massive for him personally, another league to all the other stuff hes been involved in. I would think that getting this right and not alienating PIs will be critical, when this lists in America dilution on a big scale will kill goodwill stone dead.
Thats what i think as well, the benefit to GSX of the MAP and PLY's phone book opens doors to GSX that wont have been on the radar previously.
Great dialogue chaps. Interesting thoughts on funding. The only point I’d contend is mentioning DL not being as crass as to…..
I’ll say no more on that. Good to see such posts. Cheers for putting them out there.
Personally I think the GSX deal is a mutually beneficial one, so I expect the cost to be minimal, if anything Valereum bring more to the table. Agree the MCAP is too low, as it was £29M before the GSX option was announced. Once the deal is ratified by the Gibraltar authorities, surely it doubles as a minimum, because the combination of VLRM, GSX and the combined potential that opens up has got to be way more than double.
Yes perhaps, but if it is dilution then its no drama. People have a huge problem with it, but if it means a significant improvement in the revenue then its a "speculate to accumulate" position. I think people may be surprised too, but im only guessing based on the same knowledge you have from telegram and twitter posts.
The main point is that even looking at the GSX valuation on its own merit, the MCAP is too low. I suppose we will get a better detail on the GSX books when the deal is signed, but based on my research the growth of the platform based on revenue statements is very good
Dan
San
DL mentioned no one knew the method of how the deal fiance was going to be structured and i think it was in relation to someone mentioning a Raise/Dilution, he put up a big grin as well, so it may well be a novel / unusual deal in that respect. Me may well be pleasantly surprised on that score, hes not so crass to make the comment and then dilute us to death.
Not sure on the price, but i would assume that the exchange will be purchased through share offering and potentially cash, which means dilution. I could be completely wrong but don't think they can get a bank loan because they cant prove repayment due to no revenue generation? Either way, i believe its happening and will be completed before Christmas. The share price will rerate as the valuation of 80% GSX is much higher than the current mcap. Time to switch off as its all cyclical. Currently we are in a downward trend, but then we will be on an upward trend, and then we will be on a downward trend and then up etc. If you believe this is company will fail then sell, if you think it will do well then buys... Its really that simple.
Fluctuation in SP means nothing at the moment, unless you want to trade this stock. Personally i believe the company valuation will be closer to 50m on purchase of GSX as i believe 80% ownership of a 12.8m dollar revenue product with x5 PE (Conservative) is accurate. This obviously doesnt take into account any dilution on the deal (If applicable) or actual future potential. Now the kicker will be the first token tested on the bridge (Conversion of the GSX to the digital trading platform), as this opens up the mcap to bigger future potential valuation. It means the concept has been proven and regulation has approved the debt security being bundled up and traded with crypto outside of market hours. This is potentially worth 100s millions. Take a look at the asset valuation on the GSX currently, which have already got regulation approval in that country (Worth 5 billion think). Wouldnt it be great if you could be trading securites like debt and government bonds using your crypto. It means the big whales can diversify their portfolio without dipping into fiat and leverage against Crypto volatility. Think the aim is to expand this offering by connecting multiple platforms. Also regulators will need to approve share trading out of hours, but if new companies want to host on GSX then that gives them exposure to significant liquidity
San
What's the price tag?
Fly bird - where’s the funding coming from?
My friend is trying to buy a house, so far it's taken 12 weeks - I hear the legal loose ends take time to tie up. Just a little poll - how long do you think it takes to buy 80% of a stock exchange and 20% of the group ?- I hear the legal loose ends take time to tie up.
If you want worthless junk delivered now, Amazon and McDonolds can do that for you.
@Monkfish6
Nothing wrong with questioning. But you recent post wasn't questioning anything was it?
for once i agree with a lot of what you said Monk. We all see the potential but to unlock that potential it has taken a little longer then expected. the day we get the news we need to get stuck into some meaningful conversation and start the news rich period the better and can stop the nonsense flying around from traders trying to make a quick buck.
It’s nice to see a few people actually questioning what’s going on here rather than swallowing the “to the moon by Christmas” narrative. Retail investors are here because of potential shown but if there’s nothing but talk then clearly it’s “to the basement” instead. I welcome information on developments on here just not the constant ramping drivel. Let’s hope a few positive RNS’ are around the corner.
Agree with your post .
But maybe it's not for me , I just want info not the stuff being posted,
Imho it's gone downhill, l left it .
You posted on the - 15 Nov 2021 08:29 - "The negatives have come out again ,sell up and go if you don't like it , stop whining ,
Rome wasn't built in a day"
You actually posted on the 14 Nov 2021 23:21 - "This is going into overdrive, so much interest on the telegram group.
I think it will be a blue week"
It took what? 15 days for you to change your tune!
I do agree with is the TG has become a farce.
People who post should try reading it and realise they are taking part of repeat rubbish