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Hod10 - I am in CLP and they are clearly moving in that direction - however - all I would say is that the big ticket item for the SP in VLRM is moving from an extremely illiquid AQSE exchange and dual listing on a liquid OTC exchange with only 64m shares in issue.
I may get more CLP if the timing is right but don't want to dilute my opportunity in VLRM at the moment.
Personally I am now looking at value based on events at the moment as the market is extremely volatile and sentiment driven (look at ARB - down 30% in a week as BTC climbs to ATHs - I believe there is a reason but that would be for another BB).
On VLRM - from about 8p there has been some important announcements:
1. Change of name - fundamentally changed the company to focus on blockchain - not the same company
2. Engagement of Kyudoku to form the crypto strategy - positive move - they are not figuring it out themselves (like CLP seem to be).
3. Appointment of Vinay Gupta of Etherium launch - real pedigree - launch of NFTs on exchange ....
4. Listing on OTCQB application made and being sponsored by the same people that sponsored ARB and KR1
So the price re-rated based on this very quickly to 31p - then rainbow chasers arrived and pushed it to 42p - then twitter kicked in with placing rumours and it went back to 21p - then the rumours were put to bed by a TR1 holder and CEO and we went back to 32p - we are now, I believe, based in a range of 25 - 35p until the next event.
This is what I think is key - the next event I think of any significance on the SP is OTCQB - ARB and KR1 re-rated on application to 2 - 3x and on entry and additional 5 - 7x as US investors bought in (KR1 - 43p to £2.05 in a week).
So why? US investors get Crypto and value it higher - this is a startup and they will view it as an undervalued entry level IMO so 5x would not surprise me at a minimum.
What we have to our benefit over KR1 and ARB is 64m shares - just reflect on that - over 30% of the company traded this week in the 20p+ hands - so sticky if people believe 11% held by one TR1 holder and the BoD hold as well as others. There are not a lot of shares to buy.
UK buyers this week have been looking - as Monecore were forced to exit it created 7m liquidity on the shares and actually kept the price down IMO as people would have bought on the news anyway but the liquidity provided supply.
Finally - I see posts comparing SPs - please dont bother - compare MCAPs
VLRM - MCAP - 17m - clear strategy and OTC listing coming up
CLP - MCAP - 25m - no clear strategy - slightly more cash but no US listing pending
ARB - MCAP - 660m - clear strategy - well run - generating a lot of revenue - - but undervalued compared to RIOT (Nasdaq issue?)
No reason OTC does not take this to 100m
I do not have a target SP any more - I have a target event - I will wait until one week after OTC listing and then make a judgement - that means at the very most I feel I have to wait until the end of May - 6 weeks.
I can do that, to be fair, everyone else can do whatever they want - but just be civil! - GLA
Thank you Jujube!
For those that don't use Level 2 and want to learn more I would recommend getting an account on ADVFN as on there Level 2 is free for AQSE (not LSE). It is interesting to help people learn but I think will be really interesting to watch and see the activity when OTC listing comes along.
Do we think they have finished for now?
Just checked and no blocks of 100k today or yesterday - 200k block at 8:56 yesterday morning but that's it. There were 1million in 100k blocks sold after the last RNS on the 13th April. If the 200k is Monecor as well then that is 1.2m which definitely takes them below 3% so one more RNS?
No 100k blocks today - low volume and only 203 trades.
So RNS time with a lot of sticky hands after the volume this week I think.
Talk about euphoria to despair....
The SP was 9p on Friday morning and 21p this morning - many bagged in just 24 hours - by 14:30 it was 40p and a 4 bagger in 48 hours. There was going to be a lot of selling pressure. Monecore have been leaving for days. Anyone that have derisked over the last 48 hours have done what most would do.
The board seems to be a mix of angry people who bought at any point today as they are now underwater more than likely and it was a dramatic drop. But more than 20% of the company has changed hands this week.
Nothing has changed from when people bought this morning - OTC listing coming, Vinay Gupta on board and NFT launch imminent.
MCAP is low for what it is so no panic here, I think that in a month we will laugh about today !
SirJames - I am on EQi and i bought but had to do a fill or kill order - just ensure you dont go too tight on the price - they will get the best they can bu as we are 37p i would allow 40p if doing it now.
Came through in about 30 minutes when i did it.
No where too late - OTC listing to come imminently and with the low free float then £1+ is in sight on the listing.
Many messages below on how to buy: AJ Bell / HL (Fill or Kill) / LSE / EQi and others (cant remember them all) - worth the effort.
Excellent news - Monecor out reduces the availability and will drive the SP - TR1 must be here before end of the week.
I had to go on a 2 1/2 hour teams call at 8:30 so just checking back in and smiling ...... sitting on 3x since Friday at 9am and still holding - will not let go until post OTC at least.
This could change peoples lives - even at the current price - golden tickets going cheap - interested to see what Vinay comes up with - smart chap.
GLA - hold long and strong IMO!
aston - can i ask where you get live prices from - is it dummy trades or a website. If it is dummy trades you obviously use a broker with the API integrated - which broker is it?
I use ADVFN as I cannot find a better source for AQUIS listed stocks (used it for KR1 in the past).
PS. Funny attempt early this morning by a small but persistent crew :-)
Can I ask on AJ bell. Was it an online trade or call / fill or kill instruction? I am with EQi and you can trade online if there are shares available but sometimes reverts to fill or kill but no need to ring.
Reason for question is that EQi are transferring their accounts to Interactive investor where I believe you cannot do online trades on aquis.
Sounds like HL is phone or fill or kill online? Is that right for any HL users?
Need the ticker in US for Stocktwits. When it comes you can connect ARBKF and KROEF holders in any even on Stocktwits and rest assured I will be as have an account, just so they can look and make their own decision knowing another undervalued UK crypto play is available on OTC.