Member Info for Cimbom

Yes, we know what the issue was for the OTC listing, it's all set out in today's RNS?

They applied in June 24 and because the companies value was made up of the vinanz holding, they didn't meet the criteria for an investment company and that application was rejected. They've sold off vinanz now so have had to reapply.

It's not us that didn't know what the criteria was, it's those that advised on the initial application in June 24 when they held a large Vinanz holding and made the application

Application will be made for the 12,595,437 new Ordinary Shares, which will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on the AQSE Growth Market ("Admission"). Dealings are expected to commence on or around 4 December 2025.

OTC application rejected as well

Alternatively, is this just a securitization program, where VLRM deploy the tokenised R&S contracts and Valereum QGP-SP buy them deploying the $200M of capital as described below from the RNS?

"Valereum QGP-SP deploys capital into Valereum's R & S mining projects through equity, warrants, and streaming contracts of Valereum QGP-SP. Combining disciplined traditional finance with advanced blockchain infrastructure, Valereum QGP-SP equips companies to unlock liquidity, accelerate growth, and implement resilient capital strategies designed for speed, transparency, and long-term value.

The Valereum QGP-SP facility is a tokenised Medium-Term Note program tied to a verifiable blockchain registration, ensuring full transparency and compliance under IFRS and US GAAP. Structured within a Cayman segregated portfolio company (SPC), it maintains traditional MTN protections while adding digital efficiency and real-time traceability."

Therefore this is how VLRM 'recieve' the $200M through their marketplace? It's extremely unlikely it's hard cash in the bank to VLRM. VLRM get $10.5M PA from this and giveaway half the company?

It's a discussion board for discussion of the company. If people want to query things other than "30p soon" it's what this is for. People aren't trying to deramp the company, they are curious as to what this deal is. It's not a common arrangement and people can't find any details on this new company that's a couple of months old based on their website who have seemingly approached VLRM and offered them a headline figure of $200M and the interest on this in return for half the company. Naturally as with Nigerian princes approaching you, most sensible people react with caution to people out of the blue offering large sums of cash for signing half your company away.

From further reading, it seems that the SPC owns the $200M and then that receives the 49.9% stake.

The RNS mentions the benefits to VLRM as being the $10.5M of interest. So has half the company been given away in exchange for this? The SPC will own VLRM with the assets sat inside this rather than the other way round is my understanding, so the assets are not on VLRM balance sheet. That values the company at circa £15M rather than $400M

"Retail cannot recognise what they are looking at"

Retail can spot a screenshot of ChatGPT with a load of glaring errors in the answers not addressed as a response, which further demonstrates a clear knowledge gap by holders of this deal though

Which also doesn't address Sanboys questions so we await this

Didn't the promise of large sums of cash for giant dilution to shareholders from a couple of people, with no verifiable history and a freshly registered go daddy website cause the SP to rocket to the moon before DB?

Then the DD of no cash arriving caused a gravity assisted re-entry to realistic levels?

I'm sure it will be different, there are no obvious similarities between the deals are there?

Key Signs of a Pump and Dump Trader, Watch for the following common red flags:

Excessive Positive "News" and Hype

Unrealistic Price Predictions

Focus on Low-Priced, Low-Volume Stocks with Lack of Accessible, Reputable Information

Sudden and Unexplained Volume Spikes

Pressure to Buy Immediately

Is this another sell off ahead of a news release?

Some software has been purchased!

Back over 10p on this news!

Check SYME RNS for the textbook case of what happens when a company is reliant on directors for funding.

Not that I am suggesting it won't happen, but either way there should be an update at the start of next week if funding has been received or not

Good News!

Otherwise the $600 ticket for the online gambling site would have had to have been refunded (less a small admin fee) if the participants couldn't have held the necessary stable coins to participate in the auction!

An interesting proposal is circulating today regarding the UK proposals to severely restrict the flow of funds into stable coins. This is the £20k headline that is floating around.

This will limit the potential flow of funds into the tokenization sector significantly and well as halt growth, as stablecoins are the primary unit of transaction in the space.

If a limit of say £20k was introduced, how will this affect VLRM proposed operations to tokens billions and trillions if this liquidity is no longer available in the market?

Https://ibb.co/LDc9rn7t

So the guy is running an online gambling style platform whilst dropping potentially market sensitive information into the TG group in order to get investors excited?

Strange concept for the auction. £450k fee is insane. If it's listed at 50% of market price it would sell quickly so say £180k. So that's pretty much 2x market price achieved.

Fortunately for the unwitting VLRM didn't get any buyers for it's £3k FIRM issuance, but serious 🚩here for investors

The major blockchains are already starting to adapt to this new threat, whilst it poses a threat, it will be somewhat mitigated by parallel technological advances prior to the advent of quantum computing. Whilst it doesn't rule out the threat of a bad actor stealing a part of a hypothetical Guatamalan land bridge, VLRM as stated are essentially a holding company with their minority investments (any progress on completing these btw?). The technology companies are the ones that will have to adapt or these investments will fail. So it is indeed a pertinent question in some ways for VLRM holders to pose to their masters that their funds have not been wasted backing the right horse.

As always it would be good to hear the thoughts of investors on the company and it's intended business beyond the simple laboratory experiment of identifying a color on a screen

I believe it's the market manipulation that is facilitated by the company owned telegram group

This is one of the concerning issues Sanboy, the RNS seem to be vaguely worded and aimed to generate excitement rather than providing sufficient detail that rational investors require. They are targeting their closed group of cheerleaders rather than seeking to attract outside investment into the company, as evidenced by the continued requirement for the board to fund the company.

The last RNS mentions a targeted issuance of $38.52 million, a specific number, yet no confirmed details on what the company will receive from this deal.

The operational update mentions revenues of $135k, and signed contracts. Yet doesn't attribute this revenue to any specific contract.

The administration costs have doubled in the last accounts and the most important metric of EPS dropped by 60%. With increasing costs and no solid data on future earnings, the investment case is difficult to make on a £20M mcap company.

From the screenshots provided by Goldengod there has been no activity on the VLRM markets website since launch, which is the hub of this revenue source. If the company were actively listing tokenisation projects that progress beyond the MOU stage it should be obvious to see evidence of this?

Gav repairs his fuses with nails, he's so minted that if his house burns down like his VLRM investment he simply buys another one

Surely the first target has to be 22p?

The board will award themselves £2.5m of shares at a cost of £11.5k if this target is reached. Perfectly acceptable clear goal in sight, a few more strategic chats and the buying power of the TG group should achieve this

Thank you Goldengod.

Doesn't it feel strange to anyone else that the company after the accounts were published with zero revenue until the end of June, have confirmed contracts in the millions of value, have received hundreds of k in revenue since this period, yet the actual vehicle for these contracts to be executed hasn't been updated in 6 months since launch? Not even a single skydiver has been added