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Well, NFT (non fungible token) is the future. Only companies with best board and experts will survive.
I got shares in NFT today and I am extremely pleased to be holding.
NFT's are going to grow significantly in the coming years and the value they bring in ownership is invaluable.
"NFT is a huge disappointment today. I am glad I didn't get any."
Well, I sold some VLRM and picked up some NFT. I'm not hugely dissapointed like you.
Not gonna lie, I was hoping for some big increases but I'm happy with the investment. All cyrpto shares are down today and I like to spread my bets a little. So, took some profit from here for NFT.
I am in both CLP and Val. Both I think have legs. May will be telling for both...
Hod, stop going on about CLP, you speak of them like they are amazing lol. I was stuck in clp for years
Hod10 - I am in CLP and they are clearly moving in that direction - however - all I would say is that the big ticket item for the SP in VLRM is moving from an extremely illiquid AQSE exchange and dual listing on a liquid OTC exchange with only 64m shares in issue.
I may get more CLP if the timing is right but don't want to dilute my opportunity in VLRM at the moment.
I said similar of VLRM given the track record of their directors and investors recently, that's why I got into Upper Thames early and took profit when it was suitable.
Given the sharp rise in VLRM it might put off new investors as the risk is that is slowly moves back down to 10p levels should the news dry up.
CLP are just at the start of the the same cycle VLRM were on just a few weeks ago so as I said, the risk/reward is greater at the moment there.
VLRM may continue upwards but at this price also comes risk, just managing expectations for any new investors, which there has been over the last few months. I made a post last week to new VLRM holders to be careful and take profits, sure enough some got spiked massively at 40p when the SP halved in a matter of hours. Some people can deal with that, some can't.
NFT is a huge disappointment today. I am glad I didn't get any.
Clp have nearly 900m shares there’s a reason there 2.5p there not into nft’s and have no Gupta on board. I’d personally stay well clear of them
Just to add to that, CLP seem to be where VLRM (Upper Thames) were at the start of March.
They've just announced a name change to Quantum Blockchain and future strategy/direction in a new RNS on Wednesday. They have a cash injection coming in May from a court settlement as well.
Anyone thinking they missed out on VLRM when it was 2.5p might want to take a look.
We all saw what a name change did here so the risk/reward at 2.5p is pretty good at the moment (in my opinion).
Personally I am now looking at value based on events at the moment as the market is extremely volatile and sentiment driven (look at ARB - down 30% in a week as BTC climbs to ATHs - I believe there is a reason but that would be for another BB).
On VLRM - from about 8p there has been some important announcements:
1. Change of name - fundamentally changed the company to focus on blockchain - not the same company
2. Engagement of Kyudoku to form the crypto strategy - positive move - they are not figuring it out themselves (like CLP seem to be).
3. Appointment of Vinay Gupta of Etherium launch - real pedigree - launch of NFTs on exchange ....
4. Listing on OTCQB application made and being sponsored by the same people that sponsored ARB and KR1
So the price re-rated based on this very quickly to 31p - then rainbow chasers arrived and pushed it to 42p - then twitter kicked in with placing rumours and it went back to 21p - then the rumours were put to bed by a TR1 holder and CEO and we went back to 32p - we are now, I believe, based in a range of 25 - 35p until the next event.
This is what I think is key - the next event I think of any significance on the SP is OTCQB - ARB and KR1 re-rated on application to 2 - 3x and on entry and additional 5 - 7x as US investors bought in (KR1 - 43p to £2.05 in a week).
So why? US investors get Crypto and value it higher - this is a startup and they will view it as an undervalued entry level IMO so 5x would not surprise me at a minimum.
What we have to our benefit over KR1 and ARB is 64m shares - just reflect on that - over 30% of the company traded this week in the 20p+ hands - so sticky if people believe 11% held by one TR1 holder and the BoD hold as well as others. There are not a lot of shares to buy.
UK buyers this week have been looking - as Monecore were forced to exit it created 7m liquidity on the shares and actually kept the price down IMO as people would have bought on the news anyway but the liquidity provided supply.
Finally - I see posts comparing SPs - please dont bother - compare MCAPs
VLRM - MCAP - 17m - clear strategy and OTC listing coming up
CLP - MCAP - 25m - no clear strategy - slightly more cash but no US listing pending
ARB - MCAP - 660m - clear strategy - well run - generating a lot of revenue - - but undervalued compared to RIOT (Nasdaq issue?)
No reason OTC does not take this to 100m
I do not have a target SP any more - I have a target event - I will wait until one week after OTC listing and then make a judgement - that means at the very most I feel I have to wait until the end of May - 6 weeks.
I can do that, to be fair, everyone else can do whatever they want - but just be civil! - GLA