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Monkfish6
Anyone still trying to offload their 1p shares are no-doubt finding it more difficult to find buyers and they are having to accept less ...albeit still a nice profit for them.. trying to offload 1.2 million shares as was seen yesterday isn't going to get a seller the very best prices....
" On 6th April 2021, a further 193,000,000 ordinary shares of £0.001 each were issued" ...easy profit if you decide to offload them a mere 2 months later
I don't think anyone would turn down the chance to get 200%,300%,400% or even 500%+ profit in such a short time of holding those shares
I think it is very early days to say whether this is "garbage" or not.....but the IPO placing was just a golden opportunity for those pre-IPO investors to sell up and take their profits ...whilst new shareholders will no doubt have to wait considerably longer to achieve such high % gains
Glad to see this is flying….not!
Now more or less half the IPO price. OTC is not gonna double the SP to launch price. Looking like an absolute dog. Any positive thoughts from anyone?
with around 300 million shares issued @ 1p before the IPO placing , it is more than likely that those initial investors have continued to take profits ...
With 1 billion shares out there every 1p increase in the share price adds £10 million to the MCAP ..so... .it was always going to sell down before moving too high.... MCAP now looking more attractive
The wording in the update is encouraging
" NFT's highly selective and cautious investment policy "
" take advantage of the unexpected industry correction at more attractive valuations "
" currently has zero exposure to cryptocurrencies "
" continue to follow a prudent and hands-on investment strategy "
"
in the process of completing two further investments for a combined £1.1m, details of which will be disclosed once binding agreements are signed. Other potential new investment opportunities are also under review but will only be advanced if these meet NFT's due diligence and investment criteria."
Aeon looks an interesting investment move and if they can continue to be prudent and await the right opportunities then that should be the best mid-term route to take ....not leap into over-priced investments that just follow the crowd..
Odd to see a scenario where cash and stable coins come in at £34.1m against a valuation of £29m.
And they have one investment that adds a further £800k in value.
Sitting at the wrong price.
Great to see an operational update as the shares have underperformed since IPO.
Shares at 2.85p are down 43% from the issue price.
The operational update states that of the £35m raised they still have £34.1m in fiat and stable coins whilst having invested $1m in it's first completed investment.
Two further investments are close to completion.
All looks good...
NFT Investments PLC
("NFT Investments" or the "Company")
Operational Update
NFT Investments PLC, (AQSE: NFT), an investment company specialising in non-fungible tokens ("NFTs"), is pleased to provide an operational update and report excellent progress with its investment strategy despite difficult trading conditions in the crypto market.
Trading conditions in the cryptocurrency markets, led by Bitcoin, have seen a sharp downturn since the Company's flotation on AQSE on 16 April 2021. The price of Bitcoin has declined by about 50% from approximately $63,000 to $31,200 as of 26 June 2021. This has also impacted asset values in the non-fungible tokens (NFT) market; for example, the price of Flow has fallen by approximately 78% from $36 to $8 over the same period.
However, NFT's highly selective and cautious investment policy, together with the Board's considerable industry experience, has positioned the Company to take advantage of the unexpected industry correction at more attractive valuations as and when investment conditions stabilise.
As announced on 22 April 2021, the Company made its first investment in Aeon for $1 million and is in the process of completing two further investments for a combined £1.1m, details of which will be disclosed once binding agreements are signed. Other potential new investment opportunities are also under review but will only be advanced if these meet NFT's due diligence and investment criteria.
The Company currently has zero exposure to cryptocurrencies having made a 5.2% return amounting to US$440,000 on crypto token investments before exiting the market prior to the latest industry decline.
The Company's balance sheet remains robust with £34.1 million held in fiat currency and stable coins as of 28 June 2021, compared with net proceeds of £35m from the IPO and pre-IPO fundraise.
Jonathan Bixby, Executive Chairman of NFT, said: "NFT has a proven and experienced management team, we have experienced sudden crypto downturns before and we will continue to follow a prudent and hands-on investment strategy that has already been vindicated by the current down-cycle. Nevertheless, growth opportunities in digital assets and NFTs offer considerable potential for generating value for long term investors."
The directors of NFT Investments accept responsibility for this announcement.
If i was picking one right now, I may actually choose NFTi as the upside potential is huge, we will just have to sit tight for a little longer than with VLRM.
Not based on fundamentals. More hot air than a Cameron Z-750.
Dom-Bella, can I ask you? I don't want to look like I am deramping on the VLRM board.
VLRM is going like a train. Where is all the certainty coming from and do you think it could retrace if we have to wait until July for listing? I want to add more, but don't want to get spiked and I am not sure all the money will wait past the end of next week. Mode just said Finra are very very slow right now, so I don't see OTC this week or next, more likely July as you're thinking.
I think if you had to pick one of the two at the moment 100 per cent Valereum. As I think it’s going to move over £1 very soon .
Hope you’re right Dom but although I’m fully aware this is a fledgling company it would be nice to hear something from the BOD wrt an actual investment. Otherwise this’ll end up worthless in my view even with an OTC listing Valereum on the other hand…. Oh my days!
Hi monkfish , it will be ok . We just need to be patient . Like with Valereum any RNS now we shot both Nft / Valereum up .
Hey Dom,
Clearly it’s a complete unknown as to when the listing will occur. Lots of talk on Valereum about definite listing in past month and this has all turned out to be rubbish. Understandably, people are selling on uncertainty and also the fact that there are no assets/investments that we know of as yet.
I’m really disappointed with this lot so far...
No news on listing on USA so far , and some people are selling up .You just need to give a bit more time . I would say like Valereum also we should hopefully see a listing in July .
Yeah... noticed that! I wished LSE would list RNS's :(.
Jonathan Bixby (Executive Chairman of NFT Investments PLC) made a purchase of the following ordinary shares of GBP0.001 each in the Company (Ordinary Shares) at a price per share of 2.9 pence:
When that RNS drops on USA listing any time NFT will rocket .
Mms moving Nft upwards again, Valereum doing well today up 21 per cent also after the weekend talking about NFTs .
3 mms lined up on 4 p, looking good for a move up today,USA listing dropping any time then back to 5s again . USA love NFTs so hopefully a very good move up over the 6-8 weeks after listing.
NFT article-
https://www.bbc.co.uk/news/technology-57273904
Good to see 1.5 million late buys drop in at the end of the day at 3.5p
Deffo good to see buyers …..