Member Info for Cimbom

At £1500 exc VAT a month it's not a Dacia Sandero

You can see from the timing on December they took it out and thought they had the money coming in from QGP so started spending it before it arrived .

Unusual for a company that operates in El Salvador to need a UK based car

Debt free with £2M liabilities

Huge increase to £2.7M in expenses, large increase in professional and consultancy fees siphoning off the cash outside of headline director salaries. No change in Average number of employees 5, yet personnel costs increased to £600k in addition to other fees and director salaries. You can see where the cash is going.

Metrikus investment already impaired to zero

Gatenet dissolved

They've managed to put a vehicle lease through the books as well, maybe their previous interview room was worn out?

QGP not resolved yet

I think you are talking to a wall pointing out this fundamental flaw in the QGOLD pricing that you can't sell what is supposed to be backed by a real world asset at far higher than will ever be worth.

Surely if QGP have genuine billions in gold assets, then they must surely know that gold in the ground is not worth the same as mined processed gold for sale. There is no addressable market for that at the same price level.

VLRMs MOU with FCM appears to have collapsed and they are unable to provide the funding and they have announced a deal with nGRND for a tokenisation deal. Whilst the full details on the deal have not been announced yet, nGRND states their tokens are priced at 10% of the value of spot gold. I have also seen figures of $20-30/oz mentioned unofficially. Somewhere between these points is probably fair value.

At least they have understood not to use white text on a yellow background since the last issue.

Don't appear to have done anything else in the period though

They could post the update on their $900k Bluebird investment

The definitive agreement was executed as per 22nd April RNS. There is no longer a requirement to return the shares and this has been replaced with VLRM keeping the junk bond and hoping they can make £5 a month installments.

'The Definitive Agreement requires that the underlying mining assets are verified in order to be activated. In the event that verification is not achieved, the QMTN will remain in situ, and the coupon previously due March 29th will become immediately due and payable (in USD or USDC).'

The whole TR1 is wrong, it's supposed to account for the placing dilution, but the date of crossing the threshold is down as the 15th May, yet the shares were not admitted until the 20th. It would actually be equally as valid to say they had dumped 5% on the 15th. But it's another red flag that QGP don't have the years of financial experience they claim or financial resource as they would have hired an advisor is unsure, particularly as the financial markets are watching their every move.

The numbers of shares are the important thing and these have reduced and would have to be manually changed so no chance of an error there.

It is being said it's simply an error but no immediate correction, the board have checked and accepted responsibility for this so they know QGP have sold.

Again Guild have allowed an incorrect RNS to come to market, how have they not resigned yet?

Millions of shares being moved around today

The 243k sale would allow them to buy a shovel to unlock that gold in the ground!

Seadoc - That release of shares relates to the Junk bond that QGP failed to pay the coupon on that subsequently got converted to VGOLD.

So QGP fulfilled their obligations and got half the company for a proven worthless piece of paper

Only condition on them is the US listing for larger disposal but they still have their 1.44% monthly sell allowance

They've sold 243,999 share since January. Not huge but still not holding the full amount based on the numbers

Hopefully he is at peace in the afterlife for being largely correct all along with his evidence back posts

IThe fact that they spent their remaining funds on a London design agency for a website refresh then a week later had to do a 40% discount placing says it all regarding management.

That website is truly shocking. White text on yellow backgrounds, centre justified text. Goldengod who knows about websites would be turning in his grave

The cash coupon and $200M bond that QGP can't even pay a a couple of hundred $k of? Why has the narrative changed from giving half the company back to just reverting a a proven worthless piece of paper and QGP keeping the shares?

What happens if this potential situation occurs whereby the audit fails and the bond reverts? VLRM takes QGP to court in a long and expensive legal battle for payment. QGP can't pay so are wound up and half of VLRMs shares are force sold by liquidators? Don't see how this scenario ends well.

I don't think the audit will fail by the way, but looking at the wording it sounds as they are auditing the smart contracts as much as the legal ownership, rather than the technical side of the mining operations "They will conduct a full verification and attestation of asset backing and Proof of Reserves, as well as an investment grade independent technical audit of the underlying smart contracts and robustness of the ERC-1404 implementations.". No detail of the actual operations, cash flow etc of these assets which were supposed to generate the original coupon. I hope this audit is released.

The definitive agreement RNS states "An international accounting firm that specialises in digital assets with a global network has been engaged to lead the verification process". It doesn't say by QGP so it's fair to say that VLRM shareholders have paid for this with the last fundraise.

Is this new holders only TG group a place where good vibes only are allowed? No discussion of the reality of the company at the moment is allowed? If so a very dangerous place to be for your financial and mental well being

I suspect they didn't get emotionally attached like some long term holders and sold out a long time ago rather than hold to dust.

That logo is the Telegram logo broken in half, they are mocking their faithful investors here with their 1990s Desktop publisher rebrand!

The enforcement notice was published after the first blog was published.

It's a tough time for AQUIS at the moment, IG are potentially dropping all AQUIS companies next month so I presume the exchange is trying to clean up it's image and crack down on the behavior of these cult like lifestyle companies that have high renumeration packages but very little in the way of tangible delivery

I suspect that lack of blog and closure of the TG group is forced upon them rather than through choice. MARU recently were fined and AQUIS took enforcement action on them for announcing things outside of the formal channels.

VLRM CEO has repeatedly told investors in emails to look out for future announcements which caused a rise in the share price, but never materialized. Also closed Q&A given causing share price increases based on potential contracts being worked but no formal announcements. They announced a potentially multi million contract via their blog but never RNS this.

The chairman has repeatedly given price targets of £10 to investors in the TG group under the code name of 'shard party'

The VLRM MAR compliance makes MARU look on the ball recently so they may be trying to stay on the right side of AQUIS with the recent crackdowns

I understood from the website it was pegged to gold price?

If it is discounted then what discount are we talking about? If its only backed by gold in the ground then 98% discount is fair value. Otherwise there is too much risk and institutions would just buy etfs. The question is what is the attraction of buying this risky product from unknown entities in the business vs established providers?