50% of the acquisition has already been fully paid in accordance with the option structure. The final transfer of the shares is subject to the approval of the Gibraltar Financial Services Commission ("GFSC").
As security for the payments made, Valereum holds a fixed charge over the 50% already paid for, together with draft blank transfer forms for the ultimate transfer of the shares. Therefore we view those payments as secure.
the 20% is an option to acquire from the GSEG (GSX Group).
However they have already paid for 50% of the GSX with the funds held in escrow till COC has completed and the funds for the rest of the purchase is ready to change hands.
there is a huge difference between asset backed NFT’s and cartoon NFT’s of which you talk, a fun game whilst it lasted however the former is predicted explode in the coming years as it is integrated globally
nobody knows when it will be but if you go by many of the big wigs predictions it won’t be 3 years, either way we have the regulation and “soon” the exchange ready and waiting.
In the meantime we can launch and expand our other avenues for a return.
well all we can do is see. if we have no news regarding the NFT platform during Q1 i will be truly shocked as there is so much we can be informed on.
re second paragraph i agree completely, RP should have held firm with the funding until it was concrete we would be further down the line, that been said it is easy to criticise post event.
Can’t say whether the “new” venture will be bigger than the GSX as we don’t have the information at hand however you refer to these as if we have discarded our original plan. Remember the financial department store thesis, all plans running parallel bringing in revenue for VLRM. Seems to me Patrick could see the “crypto winter” as he calls it approaching and decided to focus efforts on expansion, had we launched “the bridge” whilst billions were been withdrawn from the crypto space could have been bad news for vlrm. as it stands we are now perfectly positioned to announce our plan when the rebirth of crypto happens with regulation being the front runner restoring faith where the herd will run to. a master stroke for LTH for a short term pain, maybe why we have such hostility as traders get stuck and annoyed and the positivity grows for LTH’s.
to suggest tedious is a little strong as it is the companies heading and of course whilst investing in a company that is what you look at to ultimately give you a ROI. 2022 went down like a lead balloon a lot of things out of valereums control happened and things have taken a lot longer then originally anticipated (quote the mass losses throughout AIM and elsewhere), that been said there has been no “bad” news however only a stronger investment case IF they pull it off. High risk high reward imo.
Q1 has been given so as a shareholder i trust they will give sufficient news as we head further into the year, we know what we should have by that point now it is time to see the eggs hatch, that been said and as a LTH that took a position for X amount of years i am happy to wait as long as no “bad” news comes from within.
We are currently valued at a disconnect from what’s on offer due to the sentiment, CLN’s and time taken but imo this will rectify in time as further information comes out.
end of Q1 we should have:
an idea of what the plan is with the MENA regions.
an NFT platform and the news surrounding functionality, Tech etc.
GSX change of control with approved directorship.
plenty of revenue.
20% OPTION can be one to look forward too Kenty don’t get too excited
and the NFT platform san, which i think could be bigger than the others, at first anyway. news rich period and that’s what we look for in a company isn’t it? huge potential, plenty of news on the horizon in a fast growing sector at all time lows.
entirely irrelevant, fact is plain and simple, if vinanz lists on a reputable exchange then we will own a portion of that business at whatever it floats at and be rewarded in whatever we sell at or however big it grows. suppose if you want to look into vinanz in more detail i believe there is a TG where questions can be asked.
the btc miners are only transferred to vinanz when/if they achieve a listing with a reputable exchange. (all in the rns).
the btc miners for vlrm were insignificant with the larger pie in motion so to chuck them for a large stake in what could be XXX is a no brainer.
yep a lot of good people in the group, also a lot of c**ks but hey ho never going to like everybody as long as we can all chat about what’s going on re valereum it’s of use.
Anyway like you say an interesting share nonetheless a lot of attraction by pi’s just have to see if the gold pot at the end of the rainbow can be realised or not now
just like any investor on social media they post about the companies they are invested in and put points out for people to read, nobody should invest on tweets or words of random people they should be used to accompany or highlight areas for your own DD. i’ve said before vlrm
TG is probably one of the most professional groups i’m in it’s hard to keep the peace however during difficult times and mistakes can be made as you can agree alot of people try to play games rightly or wrongly. some people like him some people don’t each to their own id much rather focus on the things that matter.
Crawshaw no chance god only knows what you would do with them lol
crayon a lot of people bought merch, also the ipo-vids are open for anybody who wishes to watch and participate. A lot of the content is very relevant for vlrm’s plans, also good to get the thinkings of who we are investing in. If pete wants to spend his time understanding the space and ultimately where he has put his money then fair play wish i also had the time to participate and pluck the brain more. nothing shady about that.