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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?
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
Disappointing movement however as a speculative LTH it feels worth a punt.
I struggle to understand why the BoD are not proactive with updates and share talks sites/ podcasts etc. The only saving grace is they are sitting on a lot of cash. Considering the focus and positive vibe around NFT's they should be leading and owning this space...ASAP!
Just checking on progress on the OTC listing and note unlike Valereum it is has not been submitted yet and have emailed the Company for an explanation.
https://lei.report/LEI/6354004UFZUBNRZU6D43
They certainly have a remit to invest in crypto..and not just NFT's directly.....so..it will be interesting to see which blockchain they may/may not decide on...Polkadot certainly looks interesting.... code is Open-source I believe ..valuation of €13.7 billion could well be over-valued at this stage of their game ?
Interesting area to follow though ...early days
Investments :
In most cases the proposed Investments to be made by the Company will be in NFTs directly and/or investing in
companies or funds which have exposure to NFTs or blockchain technology.
NFT are bought using cryptocurrency and therefore, the Company will have exposure to cryptocurrencies, which it may also hold as investments.
The Company will invest in NFTs and cryptocurrencies and will hold custody of the tokens and cryptocurrencies in
a secure wallet.
I cannot see NFTI buying tokens on the Exchanges.
There reason to exist is investing in NFT projects and platforms is my understanding.
Happy for other views?
Last cash number I saw was £34.1m and one investment valued around £800k.