Member Info for BashM

You said 'I'll look to exit here in due course' - That means you are planning to hold for now. If you are selling, close the door behind you when you leave.

I see green boxes assuming Crawshaw is present again with his usual drivel LOL.

Well if you continue to hold, and selling in due course - suggests you have some confidence it will rise above the current levels...

@Wilhi02 - Do I think another placing is on the horizon? - I can't really answer that. I don't have a crystal ball. Nonetheless, what I can tell you was in 2025 we had £2.7m in overheads. That would equate to £225k per month burn rate. Now at the end of the year the accounts say we had £419k available. At a burn rate of £225k we would have running on fumes come end of Feb. Surely raise would have needed to be done by Feb. Now they raised in May, so how did they see through Feb to May. Either that £225k was reduced or potentially we have an income not in the most recent accounts as its past Dec-25. Now they used £2.7m last year. Raised a £1m in May. That would practically last them 4-5 months. So if they raise in sep/oct we can assume they are generating not a lot. If they don't that's a promising sign.

@takecare - Not sure I would. There is a lack of patience. Look at FCM it took them over a year to agree the current deal. Or even GGP and there takeover of tefler and how long that took. We cannot expect contracts to be loading up, as it takes time to build trusted relationships and secure revenue mandates. I don't disagree the QGP saga has gone on for longer then we like. Ideally we wanted to concluded soon. However, its good to see we continue to build relationships such as COIN GT to get larger revenue mandates. Rome wasn't built in a day.

Not sure I agree San. This will then become like the premier league, manager loses a set of matches you get rid of them and you are starting from square one. I want them to just deliver now, not change or pivot direction. Conclude QGP, provide more details on the COIN GT deal, and provide further insight into MoUs and other deals.

Loved to see a biased summary of the accounts. Did you miss they had £419k cash at end of year. If the burn rate continued they would have run out by Feb, but they raised in May, and only £1m. So they either have generated cash or are confident more revenues are incoming. £7m loss is technical hence they are debt free, let’s not overlook that. We have no debts to pay that’s a very good position to be in

Part of the due diligence before the definite agreement technically goes live is to prove the tokens held in Escrow hold the stated value. QGP are required to provide verification from a global bank, that these tokens indeed have value and would pay fiat for the state value. So the question of how do we know token has any value goes away.

I would await for the final definite deal to answer some of these. Devil will be in the detail. Key point to note is a global bank verifies it would pay cash value of the tokens - then what else do you need to say they have value...

They haven't made money - that small discrepancy isn't even worth entertaining. The rise of the share price will depend on two core elements. One what revenues have they generated to date (accounts to Dec-25) should give us a partial view, and what revenues have they secured. Secondly, and the million dollar question is QGP audit. The last part of the hurdle was for QGP to demonstrate that future VGold-Core tokens will have value through getting confirmation from a global bank via fiat verification. If this happens and 'we' officially enter into the definite agreement. Then in this scenerio VLRM will be due two payments totalling $26-28m initially, with the quarterly release. Now as long as the market believes this value, with after verification unsure why it wouldn't there is no reason for the SP to not rerate. $13-$14m per quarter in tokens, should be valued into the sp. Coin GT is the other big deal, how much more revenue have we secured. I suspect once all this is concluded I am not sure why we wouldn't re-rate to double digits.

@willihi02 - Stop chatting our your arse! Clearly don't know what you invested in. There is a 'slight' discrepancy in the TR1 from Jan and the more recent, but if they have sold that small holding its for a diddly squat value with the sp at the time. So not really making money are they or fleecing private investors....Honestly the absolute drivel I read on this board! You think Jamie who holds 18% of the shares in issue is going to let them fleece him LOL

@takecare - Care to share how 'they' are making money of the back of private investors please? I be intrigued to know :)

@willhi02 - if you read that same RNS there is conditions before that agreement comes to action. Also understand there is a dicrepqncy between 23/01 and recent TR1. It’s for 243k shares out of 243m hardly a massive or notable reduction, given each month they could sell 3m+

One point to note is if the audit proves they have nothing as per @takecare view. Then we revert back to cash coupon and bond. If you don’t believe that, then VLRM still exists - remember that

@takecare - are you suggesting that QGP and audit is fake. Evidence please. That’s misleading market and a criminal offence. If you have no evidence throw your theories into the bin.

A lot on here are good at coming up with theories…

@ppanchol - not in any telegram group. LIAR!

It’s not exactly like buying a 99p ice cream. Billions of dollars of assets need thorough due diligence. Like I said to another poster, it it ain’t done right you all will be the first to pick holes. A typical audit in a corporate organisation takes months and this is verifying billions of dollars of precious metals

@Cimbom - Don't worry for our mental health. Worry for yours! Posting on a share chat forum for a share you are not invested in. Not something someone with any sanity does LOL

@ppanchol - Clearly have issues Jackie. You can tell us you are not a member of any group, however you knew and wrote what was posted. That information only those in the group would have known!

@takecare - Go and do some reading on due diligence, auditing and NDAs. Clearly, its not going to happen overnight. We want assurance the assets are there and have the stated value from a reputable, well recognised organisation. I rather this not be rushed, and its done with the proper due care and attention which is needed. You and others here will be first to scream it smells foul if they whizzed it through!

@takecare - If you are invested and raise these red flags - simple answer is sell and re-coup any little you have. Don't give me the usual rubbish of its too low to think of selling. As common sense would say you see red flags, recoup what little you have left and run, surely?

And, if you are not invested, then the question is why are you positing and what's your motive.

Finally, I clearly believe you don't - either way one of us will be proven wrong.