Member Info for Cimbom

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?

The questions raised around VLRM markets usage are valid points for the success of VGOLD. Institutions won't be able to buy anything on a random platform that doesn't have an established turnover. As with the concerns raised around QGP and their ability to pay the coupon given their short and lack of visible history, this equally applies to VLRM, no visible operations will limit the availabile market for this.

Unsure what the next cash flow generating steps are here if VGOLD-CORE cannot be converted into cash immediately. It's a month since $3.9M was supposed to hit the bank and with VLRMs high cash burn this would be essential.

It is also uncertain when the VGOLD-CORE tokens will be available. A proper verification of assets and report by a respected party will be a significant cost and will take several months to complete this. If it was done in a short time frame this would raise yet more red flags

What's the total volume on VLRM markets since it went live a year ago?

Craw - If you want another investment with 7 year bag holders then VLRM certainly fits the bill!

The lack of trades shouldn't come as a surprise. The board have only had the TG group as supporters and it's clear from their comms the want this group 'to become ex holders as quickly as possible'. With the closure of the tg group volume is going to dry up very quickly.