Member Info for jonesrichard

I stand corrected. I was under the impression that it was from a reputable source but obviously not.

Happy to have set the record straight.

Hopefully not too long to wait until all is revealed, the Bolt co- founder stated a few days ago that the RTO should be completed 'within the next 30 days' and that was around a week ago so hopefully only around 3 weeks left to wait, that's presuming he was being accurate when he responded stating that timescale.

In saying that, I guess it's always worth leaving some shares running so may just slice a few and see how things go.

That will depend what it opens up at, if it's a crazy MC then I may well just take the money and run, although I guess you do often get a good few days of rises when a new company lists, then again it sometimes has one positive day and then drops back so really difficult to know isn't it.

Indeed, any profit is most welcome.

Would be nice if the MC opened up to reflect the current active users, so 350 mill, if only everything was that straightforward! lol

No I don't, was just giving a broader view that anything can materialise, someone on here before was saying that one RTO left holders 33% down, obviously don't think that will be the case here, the predictions I've seen range from 5 bags up to 100 bags, obviously the closer to 100 the better!

Who know's Tico, as you say nobody knows, could open up in the multiple pounds or could be level or 20 or 30% down, hopefully not too long to wait to find out though!

I wouldn't say they follow my investment suggestions to be fair, as you can see from my BIO I state that anything I post is not to be taken as investment advice.

i agree that it's unlikely, it wasn't my post suggesting that figure anyway, was just seeing what others thought was possible on here that's all.

GL

Does anyone have the link to the GCG telegram group please? or is it now the bolt telegram group that holders are reading? Thanks

Will have to let that twitter user know that it is in fact impossible then.

"I think this may come back at £17 but the split will be 50/50 so #gcg shareholders will probably take £8.50 on open"

https://twitter.com/pineapple2881/status/1461437100243537923

To be fair the business has been performing exceptionally:

"BOLT Business Performance garnered revenue of $3.5m in one quarter in 2019. More than the entire GCG MCAP!"

https://twitter.com/pineapple2881/status/1461674133046054914

In simplistic terms for an instant x 100 return upon RTO they would have to raise enough to start with a MC of around 600 million so say 50% dilution from there gives a MC of 300 million, not sure how likely it is that they will be able to start with a MC in the 600 million range, it will just come down to how much backing they can secure between now and RTO, it does seem a pretty exciting project and concept so it should garner a lot of interest for sure!

"Done a deep dive into @Bolt_Global, this is a massive company. Don’t confuse the bolt coin MCAP. This company has 3.5 million users. I suspect the company is worth £750m -£1billion. Anyone lucky enough to be in ore RTO will be looking at massive rewards #GCG"

https://twitter.com/pineapple2881/status/1461429040322170882

Indeed, if I can get £6 per share here then I will be satisfied and may very well knock investing on the head as I’m just not very good at it as have lost the patience that you need to generally have.

No shame in giving up and admitting that you don’t have what it takes to do something successfully.

People have pointed out that previously that I’m no good at this, looking at the results it is impossible to disagree!

So if the sp could somehow make it to the £6 region post RTO that would be very much appreciated!

So the returns could be even bigger than anyone can even imagine once RTO completed?

Yes, my understanding is that with it being main market the MC has to start off at at least 50 mill, obviously there will be some dilution which will dictate how many bags current holders will be sitting on, obviously would be amazing if they surpass everyones expectations, hopefully not too long to wait but quite frankly if the return turns out to be in the 25/50/100 bag range then I wouldn't have an issue wait 3/6/9 even 12 months for that!

I'm hearing you, they have been working towards this RTO for over 12 months to be fair but I accept it could still be a few months away.

Yes, that's why everything being up and running within the next 30 days does ring true.