Member Info for 21ATS

Days like today are not a bad thing. Reminds me why the bulk of my portfolio is in dull FTSE dividend paying stuff that pay for my life.

A reality check that reins in the FOMO and stops me throwing far too much at what are really, "punts". Very attractive, promising punts, but punts nevertheless.

I keep seeing discussion here about a £100m mcap.

If you listen to what Nick says in the interviews, he refers to building a balance sheet of £50M to £100m in the business so it will be taken seriously by the institutions he aims to attract.

Balance sheet (bs) and mcap are materially different, with a bs of that level being far more attractive.

It's not going to happen overnight, or next month or in one great big lump (possible but unlikely).

The mcap is the result of the balance sheet build.

LSE updated. RNS's now showing in the usual place on here. So we should see red dots when the news is published going forward.

The RNS's are still appearing under the old company ticker - HEV.PL on here.

I've emailed LSE to update it. But I imagine the more requests they get, the merrier......

If, like me, you were wondering why no RNS's appear here on LSE for Vaultz, I've found they are still appearing on the companies old ticker - HEV.PL.

I've emailed LSE to get them to update it. I guess it will need to be done again on the next identity change too.

Https://www.otcmarkets.com/stock/HEVVF/profile

I think there is plenty of upside in the assets. Potentially plenty of upside in VULT.

The issue here is the same as every other recently formed treasury play on the UK markets. The weak link is/are the people behind it all.

The upside of investing in a treasury is potential leverage, ease of access and the ability to trade in tax free wrappers.

The downside is relying on people to act in the best interest of the shareholders in general and not their own best interest.

Stepping back and taking a look at some of the plays that are unfolding in the embryonic stages of these treasuries, I find myself questioning the motives and ethics behind a lot of the decisions being made.

I'm in, but I'm yet to be convinced totally. There's a lifetime of inner sceptic that keeps reminding me of the general greed of humanity.

I've made 6 purchases of HAMA over the last month or so. Of those 6, 4 have appeared as a black trades after hours.

I made two purchases today near close.

120000 & 150000

The 120000 went through as normal and showed blue at 16:22

Less than two minutes later I processed the 150000, which then showed as the final buy of the day in black at 16:23

I've recently switched from IG to HL and I've noticed a pattern since. Any of my trades that are above, say, £6,500, don't show immediately; they often appear later. This is particularly prevalent on Aquis listings.

ETH popped $4000 today. Making the NAV of VULT now a little over the mcap.

I guess that explains the late flurry of buys. Looking for value.

That's the thing though isn't it. Casual observers don't tend to dig. They follow the herd once the stampede starts.

That's the joy of being in early, when the real news hits and starts to unfold and "the casuals" (and I'm not referring to Stone Island wearing football fans.....just in case it kicks off on the trading floor).....they all flood in. That's when the price spikes.

Sit tight, enjoy a quiet August.

It's a two way street though. Those in at the beginning with Hama that recognise what they are doing may be very different to the flywheel model. We're confident. Comfortable sitting, waiting for it to pan out.

But it's still in it's embryonic stage.

Anyone else casually looking at these companies going into melt down would easily bundle Hama in with them without looking deeper.

to the casual onserver, right now all Hama have done is raise some funds and bought BTC, like many other companies. What's going to differentiate them is what happens next. It's that we're all banking on.

Hama is still flying under the radar, and will continue to do so until the real action starts.

This is showing early signs of becoming another PNIX.

A personal store of wealth for the directors through which they can channel nice chunky fees to their other companies. All the time not making any investment case for outside shareholders.

Lesson learned, a few more names added to the avoid list.

Not impressed.

Stockbridge is increasingly looking more and more like he attended the Lenigas school of placings and churn.

Currently looking like a steaming pile of poo, hopefully some roses spring out of it at some point.

That's the million dollar question.

Very little volume today across the whole sector. Certainly not enough for any ripping.

When I look at all the BTC companies (worldwide not just in the UK) the first question I ask is “Where is the revenue coming from?” quickly followed by “Is there actually any revenue?”

What I really would like to see at HAMA is M&A’s of revenue generating businesses, or those in early stage that show all the signs of generating revenue.

A concept of storing revenue in BTC that has been generated by the business organically is my idea of stable BTC Treasury in which I want to invest. The idea being that if forecasts of BTC’s future value materialize, you’re store of wealth then multiplies in value.

The “flywheel” concept of BTC accrual is, IMO, the very definition of a ponzi scheme.

Is there money to made trading it? More than likely. But it’s not a long term investment, again IMO. So dip in and out of these and ride the wave, but don’t bet the house on it.

Looking forward to the developments here and the presentation at some point in September.

Purchase Summary:

· Bitcoin Purchased 47.853279

· Average Purchase Price: £89,335.57 per Bitcoin (approximately $118,724.68)

· Total Consideration: £ 4,274,999.96

Treasury Summary:

· Total Bitcoin: 117.853279

· Average Purchase Price: £85,183.37 per Bitcoin (approximately $ 114,237.58 *)

· Total Consideration: £10,039,140

SATS is the other major story today.

Neither SATS or SWC looking in good shape IMO. I'm watching with interest.

The downside is all the "BTC treasury companies" could potentially be seen as the same thing to those outside with a cursory glance. Only once you dive a bit deeper do understand what HAMA are aiming to do is go about things differently. In a sustainable way.

The one I'm interested in watching now is V3TC (which I'm in - small) but it's the same flywheel business model as MSTR and it's mimic SWC, so I'm now viewing that as a short term trade. It's a barometer though to what the wider audience think in what is largely a new sector in the UK.

So what does your research tell you about David Lenigas and which company is he chairman of?

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He's a legend in the pump and dump fraternity, he's been at it for decades.

London BTC previously known as Vinanz.

I believe there are a lot of fertile imaginations out there, in both camps.

Before the internet (yeah I’m that old!), that wouldn’t have spread any further than the water cooler or the pub.

But now, we have instant, unfiltered, worldwide communication. It has its positives and negatives.

He who shouts loudest and with most conviction often draws the biggest crowd. It doesn’t mean they are right.

I’ve spent the last week researching what I can about a lot of these companies and the people behind them. (I took early retirement last year, I get bored!) Accounting fraud and large scale tax fraud tends to put me off investing in someone, because ultimately we invest in people, or the people that are running these businesses. Cough…MSTR

I like what I hear coming from the management of Hamak, so I’m in to see how it unfolds.

Interestingly when you have a good look at many of the other treasury companies that have popped up recently, and a dive through who’s behind them. The same name’s keep popping up in all of them, directors, advisors, financial advisors, brokers. All with their snout in the trough with placing shares and warrants.

Even David Lenigas is chairman of one! There’s a name that sends me in the opposite direction before I even care what the business is about.

HAMA appears to be different. Lets see what unfolds in the next couple of months.