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De-paywalled: https://archive.is/SHhGN
What does it have to do with VLRM, you may ask.
Absolutely nothing.
You'd have to be a total moron to pay £6.25 for a VCL share, when you could buy 15 VLRM shares for 75p and get the same amount of equity in VCL, plus whatever VLRM is worth (nothing IMO, but that's another issue).
I just can't believe there isn't some form of painting the tape going on here.
More snake oil. It's impossible to fix the cost of mining BTC, that's the whole point of it.
Who in their right mind would sign a contract to mine BTC for a fixed 4k when they could just sell it themselves for 4-7x that? BTC hasn't been as low as $4k since 2017.
re that £70k sale....
"Painting the tape is a form of market manipulation whereby market players attempt to influence the price of a security by buying and selling it among themselves to create the appearance of substantial trading activity. The goal of painting the tape is to create the illusion of an increased interest in a stock to trick investors into buying shares, which would drive the price higher. "
Nah, they can just sell a million shares in Valereum Collections Ltd at £6 a pop!
Failing that, just create another “subsidiary”, and give it an even higher “valuation”!!
This can go on forever, surely?
I'd like to know who the chump who bought the Valereum Collections shares is. If they really wanted to own 0.2% of the company, they could have simply bought 74k VLRM shares for about £4.5k, a saving of £65k, or about 93%.
Can anyone smell book cookery? There's something seriously fishy going on here.