RE: Willis17 Mar 2025 09:37
Shortly after threatening Willis with a ban because he’s worried about inside information rules, Ben the admin then reposts a message the CEO had posted to the private group last week:
“Morning Everyone, hope you all had Great Weekends. Just thought I’d repost @nick360 ‘s post from last week, which you can also find pinned above. Have a Great start to the week Everyone:
Hi Everyone
I know many of you are eager for updates on the £19M subscription from Valereum Inc. and the £1M institutional investment. As highlighted in Friday’s RNS, completion has been extended to allow for the necessary due diligence and compliance processes.
While we had initially aimed for 4th March, in hindsight, that was a bit ambitious given the complexities involved. That said, as highlighted in the RNS, both parties remain confident in the process.
To reassure everyone, but also by way of explanation, (and if I come across as patronising - accept my advance apology) - a deal of this size and complexity has a large number of stakeholders including but not limited to: DMC, VLMR plc, VLRM Inc, the ‘4 investee companies’ all of whom have shareholders, backers, boards, employees and clients. Add on advisors, brokers, token holders (where applicable), product launches, budgets, regulators (where applicable) - all of which is being coordinated across multiple time zones - the list goes on.
In many ways it’s easier for me and my team, as we are in the middle of everything and it’s much harder for anyone in this TG group, regardless of whether you are a LTH or considering investing in VLRM. However, you also have to understand we are heavily restricted by MAR and other regs in what we can and can’t say - creating a false market is a criminal offense!
Our RNS releases are signed off by our board (the Directors accept responsibility). Our job as the Board is to protect the company and act in the interests of its shareholders - we discharge these responsibilities through strong corporate governance and I believe with total conviction that our governance is second to none. Also, understand that when in the middle of a deal such as this, our RNS’s are closely coordinated with the appropriate stakeholders.
So read them carefully and take your own view.
If there’s radio silence - understand the reasons.
If we are delayed on a product launch - maybe that’s deliberate?
As our Chairman said last week - we are burning the candle for all the right reasons and personally, I haven’t come this far to fail. This is a significant transaction, and we’re ensuring it’s done properly, as you would all expect.
We appreciate your patience and will update you as soon as it’s appropriate.
Onwards and upwards”
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