Member Info for Cimbom

The biannual shareholder wake up call has arrived.

Admin expenses have doubled in the last six months with the board changes it seems so previous suggestions that these have been reduced were incorrect.

Zero actual revenue - Not sure how much VLRM markets are making from the firm (where is the update on this completion of this historic first tokenisation?)

Of the $400k raised in August, with the

15% dilution of shareholders for no revenue and £1.7M operating loss

Only circa £1M of £4.3M of the strategic investments appears to have been completed, so still overdue given no completion RNS for the two that should be completed

Out of Cash, cash burn is £135k on admin. Raised £400k in August, but has an additional £100 a month commitment to the directors comoany

So it's not going to 5p again?

I thought doing an interview in your Grans conservatory would have inspired confidence in the faithful with such newsflow to come in the hundreds of millions to come mentioned this time

Not great phrasing indeed when you've extracted a six figure salary and over £1M worth of shares at the time at virtually nil costs whilst shareholders have watched their investments decline by 90% this year

There seems to be more uncontrolled selling out at any cost today, is this from insiders again? It has previously indicated discounted fund raises ahead of an RNS

Garys driving them in his car/office

It appears that like some VLRM investors the CEO has sold his house to invest his last £200k in the company as he appears to be half dressed and living in his car in the latest paid interview. Highly professional outfit this

This is positive news, the company will put their circa £1M in salaries through the platform, so will definitely generate revenue for them

Surely the shareholders cannot be happy at this level of decline and lack of communication and concrete deals as the board continue to extract significant salaries and heavily discounted shares at their expense? Or have they all been muted into oblivion to control the message?

Fortunately the stock is down 90% since early this year , so those that question the veracity of the billions and trillions haven't endured too much pain to date

The company didn't even RNS it, they RNS everytime they have a chat with someone as well.

The world remains unchanged

In sure there is billions and trillions in skydiving in El Salvador as long as the parachutes work

Binding contracts are seemingly as difficult for the company to enter into as external funding arrangements it seems.

This has a lot of parallels with former investor favourite SYME now, lots of MOU issued with vague new and exciting opportunities, a board that engaged in deals with the directors own companies, meanwhile the external funding dries up to execute these plans.

At least the retail offer was undersubscribed to avoid too many people getting spiked by this premium offer

I am sure the bulls will arrive shortly with an equally well articulated bull case to counter Sanboys specific reasons for not investing

Interesting that £50M mcap is posted as a shill by the ultra positive, this is the level where the board can award themselves an additional £362,000 of shares at £11.5k cost.

Gaviscon - Metrikus Limited are indeed and older company that are now in administration with circa £3.9M of liabilities

However VLRM have announced this investment into Metrikus Software Ltd, a new company which GC is the sole director

Interesting RNS for shareholders to gain an insight into the bigger picture here

No confirmed further investment into outside companies despite numerous overdue tranches

VLRM confirm today they have undertaken an investment of £0.6M into a new company that was founded 6 months ago and appears to have only been active since 8 weeks ago with the filing of the articles of association, of which VLRM CEO is the sole director

Sage advice from the admin of the company owned group there that after 10 minutes reading about VLRM that most people decide not to invest

Just checking back in, has anyone answered the question how VLRM are declaring they sold at circa 14p on the 1st July when the lowest SP at that point was 21p? Where's the rest of the cash gone?

The only possible way they could have done that is of they sold their shares before the rise from 14p to 44p on the day before the massive rise to 44p. Maybe that's what released the pressure on BTC.L?

VLRM revalued their shares in Vinanz at 15.75p in the accounts when they declared their gain previously, so in reality they have achieved a loss on this from an accounting perspective by selling at 14p. They will continue to sell down their holding at the lows in order to fund their overdue investments