Member Info for Cimbom

The insider sell off of the companies Gate token has taken this to an historic all time low

Following the failure of funding a series of increasingly bizarre RNS are appearing

First 'We have instructed ourselves to release our products we were due to release six months ago, In a months time.'

Now 'We have had a conversation '

Following the failed funding on three occasions and leak that allowed insiders to exit on each occasion this appears to be a path of little substance to incresse the trading of the share

As we have seen on 2 seperate occasions, a distressed sale has always preceeded failed funding. Does Lightning strike thrice?

No RNS yet confirming everything is in in progress or otherwise, but the best opportunity of the year to bury bad news occurs tomorrow after close, further insides exiting or otherwise may confirm the direction before the formal communication

An interesting and perhaps corrupt weeks trading here again in advance for the failure of 2 out of 3 funding streams that have now collapsed once due diligence has been carried out by two seperate organisations and have decided not to invest. Will the mystery large investor come to a different conclusion?

Yet again an RNS was delayed a whole days trading to allow an insider to exit before news was released, the first of the lock in shares were release just over a week ago.

A hurried statement reveals that all documents have been signed and placed into escrow, but carefully does not state by both parties in this deal.

Where did see this RNS with this statement from the CEO GoldenGod?

It would be interesting if they are deliberately withholding announcements from the market to time them better as the CEO suggests? It would also explain why they haven't delivered on the majority of their promises from the shareholder meeting now over a year ago.

I understand that set out the following

1) A full audit of the previous managements activities - Not delivered

2) Financial projections for the company - Not delivered

3)Q3 2024 fund raise - Not delivered

4) Q3 2024 release of RWA marketplace - Not delivered

5) Q4 2024 release of V wallet - Not delivered

6) Q4 2024 Release of the bridge - not delivered

I believe they have delivered a license to operate within El Salvador which is in the top third of the most corrupt countries, however I am unsure how useful this would be as the country has recently rolled back it's digital asset friendlyness in response to international pressure, so it can gain the funding it needs to support it's economy.

They have agreed their renumeration package as the first success however, with shares now worth millions bought at fractions of a penny and six figured salaries claimed by the board in the last accounts. Delivery of at least one of their proposed verticals should be pressured by their shareholders after all this time

It is not a question of trading it is a question of if they are able to source funding outside of their own pockets to be able to put their plans in place.

Further more the VLRM utility token gate has suffered a significant sell off recently. Inspecting the blockchain shows that this is from a wallet that has millions of tokens that have been sold, most recently during US hours. This wallet has links to the original STACS and ROCK tokens 7 years ago that where created by the GSX team

Another big drop, is from insiders again with another Friday after hours RNS about the funding that didn't complete on the 4th?

Is there an issue with the RNS on this website?

I can't find a link to the RNS Goldengod posted with the exciting information that the RWA marketplace has been approved? I can't find a link to it in the companies website

I also can't find the RNS that confirms the placing was completed yesterday as per the last RNS? I saw the sell off last week and feared the worst again so it would be good to see the confirmation that the deadline was met as the last binding placing failed after due diligence was carried out

Interesting to see the drop the over the last few days after the big RNS.

The same pattern of a big sell off occured 3 days before the RNS of Feb 14th which announced that the investment of a previously announced 'binding' options agreement had failed at the Due diligence stage shortly before expected completion . The proposed fundraise is also in due diligence and is expected to complete shortly and the pattern repeats?

Are there insiders?