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.
"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. "
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.
RE: Re: David Lenigas - Vlrm’s silent kingpin29 Mar 2023 15:21
5p breached JesusSuperShare, looks like K3NTY was right. Less than £2k sold and the SP down by over 6%. When the rush for the door happens this is going sub 1p IMO
The conversion price has dropped by an average of 25% with each issue. If this trend continues the last batch will be converted at 0.77p for 26m shares.
In total, another 90m shares will be issued at an average of 2.14p.
This assumes the price doesn't collapse completely when nothing is delivered this month.