Member Info for mqshed

Their RNS' really doesn't age well do they, just read these:
April 8th 2021 - RP says "We see a bright future for cryptocurrencies and are pleased to announce the engagement of Kyudoka Capital Corporation of Canada to advise and assist Valereum with establishing and building out its cryptocurrency mining operations. Kyudoka brings the necessary experience in heavy compute, cryptocurrency infrastructure, and strategic technology advisory to meet our objectives within this rapidly growing and transformative sector."

A few weeks later RNS " Valereum Blockchain Plc (AQSE: VLRM), the Blockchain Technology venture builder, advises that it will soon commence mining bitcoin in the United States, having purchased new BTC mining hardware with a combined computational processing power of 1,600 TH/s (trillion hashes per second)." and RP says "We at Valereum are firm believers in the future of the cryptocurrency markets led by bitcoin"

15 months later August 2022 -"Valereum acquired 20 BTC miners in the USA, as announced on 21 April 2021, with a combined computational processing power of 1,600 TH/s (trillion hashes per second) and Valereum's wallet currently holds approximately 4.15 BTC."

So in 15 months 20 BTC miners generated 4.15 BTC? That's £67k, less than £5k month at today's price before you factor in the cost plus these fancy Kyudoka consultants. £250 per month per bitcoin miner!?!? Did they switch the things on? Anyone know how much they paid?

Why would DL/Vinanz be buying what sounds like the ZX Spectrum of bitcoin mining rigs into a new listed company I wonder

Question for the tg group unless it has already been answered elsewhere:
- If RP believes this is a £10 SP, which as someone earlier suggested would make it a unicorn and he a very wealthy man, why is he only part-time on VLRM? He is also CEO of Wishbone Gold so where does he spend his time and effort? Based on a quick check of the most recent annual reports for both companies does he split it equally given the compensation he takes from each is roughly equal? From Wishbone he took £168k plus what looks like a further £28k for adminstration expenses. From VLRM £183k and there was a further £38k of expenses incurred by the directors. So give or take around £370k plus expenses across the two companies (both of which reported £0 revenue in the financial year, nice work if you can get it).

The first question I'd ask of any management team is where their prioirties lie, what skin they have in the game and why I should back them if they aren't all-in on the opportunity they are presenting to me. Just my personal view, other investors might be more relaxed.

Made a ton of money on that. Bought at 4p and it’s now at 28p, so yeah will very much be sticking with that s.h.I.t thanks for the advice panchol. Good luck with Vlrm hope it works out better than Gst

Move on!! this is by far the most entertaining BB on this whole site! Worth a couple minutes a day to see the car crash play out in real-time. I believe there is a way to block negative posters so all you get is the pumping and good news posts. Imagine, You’d never have to know that none of the good news never actually materialises, it would be like you very own VLRM echo chamber (or is that what the telegram group is for?)

Not in the telegram and not interested but surely if there is any market sensitive information being shared in there a) as you say it suggest even more of a massive pump spin fest and b) won’t regulators have something to say about this in due course.

Oh JPN you asked “vinanz who are they”, shock horror its a company controlled by none other than leningas!? strange….

Good summary. However OTC wasn’t promised instead they announced a mere “application” to OTC which in itself is not a material event. I could understand RNS once the application had been granted as is the norm. Instead the application was announced on April 6th and the share price it was 9p. Within a week it was 30p!?! Oh and then of course OTC never happened and as far as I’m aware there has never been an explanation form the company why? Presumably their application was rejected

Slow news day and some profit taking after the recent increase perhaps? The frustrating thing about this share is it never really breaks out of this 20p-30p malaise even after all this time

Not just a mate but the VLRM chairman’s no less. Worth a Google of him by way of “research” if you’ve got 30 seconds

The Times article today sums it up pretty well
https://www.thetimes.co.uk/article/cryptocurrency-how-the-bitcoin-boom-led-to-a-giant-fleecing-of-ordinary-people-wgt2rlbjf

Agreed. That article shared by Epucsurf is interesting and shows GMR must be getting recognised by some of the bigger US players. We must look like a bargain to those guys at this price surely

Is this something market makers do? I’ve heard people say they do odd things like this but don’t know much myself or if it was why thymes would be doing it

Weird there are so many really small trades today

As a holder for 8 years a dividend definitely doesn’t feel premature but I see your point Euan. If they don’t announce one at the interims it will be disappointing given where the business is now.

I think you are right. Not that they seem to use RNS anymore but if you follow them on LinkedIn they seem to be winning new deals and contracts all the time layering on revenue without increasing cost base. Hoping for a nice surprise in September, just a shame they are so bad with their investor relations and financial PR

They typically put their interims out in September by the looks

Now I remember, it’s actually just full of raging rampers who hate it when anyone comes on who hasn’t drunk the VLRM coolaid. Look forward to returning in 6 months time to see if any news turns in to actual progress. Actually probably better leave it a year

Best chat group on this site! If only everyone was as optimistic as you guys the world would be a much nicer place

Agreed Euan their PR is and always has been woeful. If you want to know what is going on with the company LinkedIn is the best source rather than RNS

EGR is one of the big one I think and GMR won the coveted mobile supplier of the year award!

https://www.linkedin.com/posts/gaming-realms_egrawards-gaming-casino-activity-6945729946438819841-0P_f

“In response to rumours”. Where could those rumours have possibly come from!? Great excuse to put more hype and hot air out though so that worked out well for them