Member Info for Cimbom

Lot of arguing and not much research into the assets.

I am struggling in finding the assets or deals associated with the information in the QGP website.

They mention setting up a UMACO-SP. UMACO seems to relate to a mine planning. Company in Australia rather than an exploration company, but it's boss Brian Dinelli did bring up some interesting links to a certain Bahamian company. This is AI slop though so I am not saying it is correct

Lots of interesting updates on the definitely not AI written section of the QGP blog page naming the assets and resources. Hopefully someone here will be able to verify these exist and the connection to QGP.

Directors get rewarded based on the companies accounts

Last year's accounts-

Revenue £19,272

Directors renumeration (cash) £545,292

They don't do too badly

Gav, only stating facts here.

On agreement VLRM stated they would update once full payment had been received. The next deadline then passed with an update saying part payment had been received. Therefore in the following update no mention is given of this. Given they were so keen to mention part payment only, then full payment would have been a milestone to try and rebuild some credibility to this agreement. I only base my postings on facts stated in the RNS

So VLRM have swapped their institutional grade LoL backed note for VGOLD-CORE tokens without verifying that the assets backing these actually exist? What could go wrong here?

It kicks the can down the road for 3 months until they actually try and convert? No mention of the $300k received so the assumption is it doesn't exist as they would definitely mention it also.

Question is what do VLRM do for cash until then?

Surprising they didn't take the opportunity to update on the lack of payment received yet again a week later in this announcement.

"Vibe-coding platform Lovable reportedly suffered a breach that exposed users’ AI chat histories, source code, & database credentials"

Fortunately QGP utilises institutional grade security according to PP so should be ok

At $75k a business day QGP actually needed to start paying the next coupon payment of $3.9M last week

VLRM Markets was established and licensed in 2024

Haven't seen any actual tokenisations on it besides the firm on 25 that would indicate abnormal expenses . So pre H1 25 results

They paid the company in warrants which was the £100k option agreement factored into my calcs of outgoings. This won't show on accounts yet either.

The investments for this period are listed separately. What one off costs PP warrant a doubling of admin expenses outside of wages? Gary cottle became CEO at the end of this period. The only thing that actually happened was presumably dropping a load of cash on DMC deal that a 5 second Google would have saved, but this was announced Dec 24 so all DD should be done prior to deal?

I think VLRM are desperately hanging on to this QGP deal as there are no real alternatives for cash into the company at the moment if they are unable to raise elsewhere. It would make sense given their history of director only inputs

They had £13.7k cash in June 2025 based on the accounts with £283k monthly admin expenses. So adding up all the fundraises, BTC.L sales and declared 'revenue'. They should have raised £3.7M since then.

This is versus £3.6M in outgoings which only includes the Metrikus investment and not any others. I'm sure they won't default in that. So cash situation is likely back to last results now, hence need the funds to continue

Full payment still not received?

When will the BOD pull the plug on this embarrassing situation? VGOLD clearly isn't going to be able to pay out either if this peanuts amount for someone with billions in AUM cannot make 4 simple payments of $75k

The semantics are not important. What's correct either way you look at it is VLRM said there will be an update on full payment and that hasn't been issued. Yesterday's part RNS was unecessary unless they are trying to buy more time. The company has continued to lock down it's communications avenue with shareholders which suggests something is very wrong here in the context of the fact the company should be swimming in $3.9M in cash by now and QGP can't even make a basic Klarna payment plan to them.

Guild must resign over this debacle and approving this whole deal, approving the falsely titled RNS etc. Question is, with two advisors resigning in a few months, who would touch the company?

Shareholders should seek an EGM and hopefully we see this next week

There's no liquidity on it I think to be able to sell without depegging it from it's gold price. It's all wash trading on exchanges only

I just thought the timings were very very interesting

"The Board is pleased to announce that the Company is well advanced in negotiating the Definitive Agreement and has received part payment of the contracted $300,000 from QGP. "

This is interesting stuff. Remember the definitely not linked to QGP Quorium Gold BSC token?

We'll go to bscscan and check out the token movements.

CA

0xDC49A53E1f15fd7FD522E0691CB570F442e9ca6C

There has been no activity for 62 days on the token until 13 days ago Just after the first deadline for the revised coupon payment terms.

Then no activity for a week until 10th April, the first day of VLRMs payment plan. Then daily transfers every day for 4 days. These are all transfers with exchanges as well.

Unlike PPs, this Blockchain doesn't lie, but it's extremely coincidental no? Is this the source of QGPs fountain of gold?

I think a better form of verification than VLRM DD is required on QGP assets given it's spectacular failure again to date.

All they need is the name of a mine and a some joint statement from both companies regarding their agreement. Yet QGP have seemingly never communicated with the outside world before VLRMs agreement?

On the VGOLD core website they listed a mine in Australia and North America as backing the assets and called them both tier 1. They both surprisingly have exactly 1.9M oz JORC reported reserves (Incredible coincidence). The issue is this is not tier 1 and tier 2 instead. Again you would think that a company with $20bn in gold assets would know the difference?

Hopefully the audit by an independent is someone that is recognised and respected and it is published . Until then many red flags still fly surrounding these secret assets

'.If the Definitive Agreement is not executed or the coupon is not delivered, all pledged shares and warrants shall be released to the Company, and the Coupon shall be deemed satisfied in full.'

They've actual pledged to return if the coupon is not received alsoand presumably as this was in the original 5 business days deadline they should have returned the shares also . now. This was the perfect get out clause for VLRM and what shareholders should be enforcing by calling an EGM and I can't understand why this hasn't been enforced unless something else is amiss with this 'deal'

"The Metrikus "Audit Hash" was successfully stamped at 11:45 PM last night (15 April) , marking the official delivery of the $3.97 quarterly coupon part payment)

QGP may own half of VLRM but what have they actually risked for it if it fell apart today?

They have transfered a note supposedly worth $200M but actually proven to be worth zero as it doesn't pay out and can easily be convert in magic tokens.

They have been paid $100k by VLRM

They have secured several seats on VLRM board and have probably been receiving the high salaries that this provides

Even if they haven't sold any shares then they are still net positive for creating a website and registering a company

The Metrikus blockchain is as inaccurate as it is opaque it seems.

What exactly do VLRM get from the £600k given to the CEOs other company?