RE: VLRM - BIG DEALS IMMINENT24 Oct 2025 09:45
Debbie's question is sadly being ignored in the TG, so I'll answer it here:
"The Company has also issued 5 million warrants to Illiquid Assets Solutions Limited in respect of crypto advisory services provided by them to the Company.
The above mentioned options and warrants are exercisable at a cost of £0.001 per share, expire after 10 years from the date of issue, and any shares subsequently acquired will be subject to a lock-up period of 12 months from the date of issue, except that following the expiry of the first six months of the lock-up period, the restriction will be removed from 50% of the shares."
So they've been given £195k worth of shares (at the current bid) at a cost of just £5k.
Who are they, you might be asking?
Illiquid Assets Solutions Limited is registered in Guernsey, so detail on the officers is limited, but we do know that the son of CEO Gary Cottle, Sebastien Cottle is a co-founder.
But I'm sure it's all totally legit and in the best interests of the shareholders 👍👍👍
https://ibb.co/9k1ry1bw
https://ibb.co/S2hfYJZ
https://ibb.co/cKhgdXWK
https://ibb.co/G4ng3pkL