Member Info for raharh

9am Monday morning - up 22%. OTC listing coming, Vinay Gupta on board, total focus on NFT and Mining.

64m shares available - some in very sticky hands - 1% traded in the first hour.....

Where will we be Friday - nothing new added here by me today - just excited at the prospect !

Tightly holding my 120,000 shares now - Have a good week all.

So VLRM have engaged Kyudoka to assist with the Blockchain strategy, North America (Cheap Canadian energy) and they have applied to be listed on OTCQB. A blockchain / mining company fairs much better in the US in terms of MCAP and ARB is evidence of that. VLRM have applied for OTCQB on 06/04/2021 using Galanopoulos who have worked with other AQSE crypto and blockchain companies (KR1 - who are one tier below on OTCPNK ?).

ARB applied for OTCQB on 29th December and was admitted on 13th January but they were on OTCPNK first so an upgrade rather than a new entry to OTC so it may take a little longer. ARB applied for OTCPNK in October and entered in December so two months so I think that is the outside timeframe.

So even if there is a need to raise funds think about it - you would let the OTCQB listing happen and then the SP will react and then if you did need to do a placing you would do so by less dilution at a higher SP. CLP has a £20m MCAP and has said they are going to re-activate their subsidiary Miner One and look to develop their own machines along with John Story connections (I am invested there also) but they have not progressed to where VLRM have and VLRM is 25% of their MCAP.

I think OTCQB could push to 40p at least - £20m MCAP nothing for a blockchain startup and then if they raise at 30p so be it - I am in at 9p on Friday - I would rather have a successful company that could get an MCAP of £100m+ (ARB c.£1bn but we are no ARB .... yet).

I think this is a great entry price - I got in to ARB at 43p and very happy with my exit there but this could be even better as there are very few shares in issue and so pressure to buy on OTCQB will definitely make the SP grow.

If you have done your research and decide to buy do not be put off by the AQSE barriers - some brokers do allow online (EQI for example) - my mate had to call and waited for 30 minutes but got his trade through in the end at just over 10p on Friday (he is on HL) but he is already happy based on the close on Friday. If this were on the LSE exchange there would definitely be more buying pressure but that means the entry point is still artificially low IMO if you think the blockchain strategy will work out so worth the effort to get on board.

Remember - DYOR and GLA - interesting few months ahead.

My broker is EQI.

You can trade AQUIS on line for the same fees as LSE but sometimes you have to route to dealer if there isnt any availability. When I bought my VLRM shares I routed to dealer but they were bought and in my account in an hour with no need to speak to anyone, just did a fill or kill order at my maximum price. I had the same with KR1 although they were more liquid when they hit OTCPNK because of demand.

Just for clarity - the operational mining figures will be on Wednesday 7th April not Tuesday. They have always been on the third day of market open in the past so I would not expect them on Tuesday (just trying to avoid disappointment if there is no RNS on Tuesday).

There may be a boost on Tuesday due to new tax year and people putting in to their ISAs - if they buy ARB of course.

Combos. You sound exactly like me. Decided to invest due to boredom of being in lockdown and just built from a small pot I could play with.

Disasters, there’s been a few, but then again too many to mention!

My real leg up on my pot came with ARB which is my biggest success to date but I think CLP could dwarf that return if they execute as I am still waiting for a ten bagger to come may way.

Mainly in anticipation of the Sipiem outcome the SP spiked to 4.5p. In the absence of news on BTC mining then we will probably drift around the 2p mark until beginning of May when expectation will build again. However I hope that FG will move BTC mining ahead and announce firm plans during the next month to relax all investors.

Feels like there is now no new news to uncover - it isnt as if people can find nuggets of information out there and so people have placed their bets and are waiting, just dont let boredom drive your decision, FG has clearly stated they are going in to crypto and John Story is on board, he has additional options at 2p so funding would be that route I would hope if needed but FG has already stated the 1.68m is sufficient to get the BTC mining up and running - my only wish would be to get an RNS saying they are mining again so we are up an running but lets see what April brings.

The BB has become more civil again now that we are down to less than 30 posts per day - lets keep it that way now - whilst cryptic RKB posts were both entertaining and informative and it is a shame he does not post anymore however the investment community goes on and sellers sell. You can always follow him on Twitter if you are interested in his views.

GLA

ICEMAN - I cannot fault your enthusiasm - we just need to see the action now and I agree, 10p is only c.80m MCAP.

If we could get BTC up and running and just mine 20 BTC per month that should be enough by my calcs:

if you assume $40k margin then that is 20 x $40k x 12 months = $9600k per annum margin @ 15x (conservative) = $144m valuation = £103m - 5x from where we are now (12.5p).

So I think we are all on board - just need to see the action now.

Don't see any ARB tie up myself as PW at ARB is on a mission to build ARB and I dont see what CLP actually could bring to what he has going on.

April I think is a bit of make or break for FG and CLP - they have to show their hand on Miner One and either provide concrete plans on mining or actually start up mining. Of all the supposed BTC shares out there I think CLP has the best potential from an SP perspective but we just need some action now.

John Story being involved is positive as the technical background of the BOD and they have confirmed the 1.68m raised with John Story and the placing is enough to get going (i.e. they dont need the court settlement on Sipiem to get underway) but the podcast had just a few of 'coulds' in it - we need an action plan / action and until that RNS drops I see just a trading band now whilst people wait to see if they can pull it off.

I am not a detractor and have (for me) a sizeable holding of over 1m shares having built up over the last few weeks and will hold now to see if FG can get mining underway - I hope any other investments do not distract him as this is where the money is at the moment and I believe we should get mining now with industry proven machinery to fund the R&D of AI and our own machines (if indeed that happens).

@Pictland

My only observation was that on his podcast on Friday FG said Serbia COULD be up and running in a few weeks, those were his words not assumptions. All I really want is clarity as to whether they intend to start mining imminently on the existing kit and add some more kit with the funding from Bitmain to generate revenues whilst the search for green energy / R&D customer machines.

FG saying / RNSing that Serbia (or somewhere else) is being re-activated is different to saying it could - that is my main point - and if it is being re-activated then it should be RNS as price sensitive (winding it down was).

All interesting but just would like clarity on that point from FG.

Mister.E - I agree - I posted on Sunday evening (re-pasted below) From my recollection Serbia was $10,000 per Bitcoin and that was being run badly - but Bitcoin is now $50,000+ and whilst the proportionate hash rate to the network may have dropped I think priority would be to mine now, get effective whilst looking at energy and customer machines.
-----
Listened to the interview a few times now and this board is getting somewhat polarised. We should discuss the merits and demerits of any company in a civil way and the board in the last few weeks has also been injected with a lot of posters who obviously are not invested from there comments. I said some weeks ago I thought this was a punt on BTC Mining and John Story and the concentration on BTC made it less so, I think we will get there but I also think there is some more strategic clarity needed as I do not think the interview did any good in asking for some more precise questions on Miner One.

My assumption from the interview is that FG will look to mine on current servers probably in Serbia (he said weeks so I assume the servers are still there) and they are also looking to build their own mining servers as a best of the best and plug these in to green energy. That was my basic takeaway but the direct questions I would like confirmed are:

Will mining recommence in Serbia on the current servers and is there a date when FG expects this to happen?
Will, in the interim, FG look to increase Hash Rate with newer commercial servers (Antminer Pro etc..) as this will generate additional revenue to fund the R&D of customer machines?
If the effort is going to be on BTC mining is there a plan to re-brand the company (Clarity Blockchain?!? :-)) to provide more exposure to the company focus and provide additional value to shareholders?

The first one is the key question for me. FG mentioned Serbia could be mining in a few weeks, I would prefer a plan that says Serbia WILL be mining in a few weeks (or months) just a more concrete plan.

There is no guarantee that custom machines will be better, there are a lot of clever people out there and there are specialists in these machines who will have pushed their knowledge to the base having evolved the mining machines since the start, Bitmain are no slouches so I would rather have an approach that capitalises on the BTC mining now and uses industry best of breed whilst an R&D project continues in the background.

If you look at my previous posts, I have said that I wanted to get in to a new miner early and CLP feels like the one and it could be massive so I am trying to be balanced, the interview was fantastic in a lot of ways as it confirmed the out and out BTC strategy FG is now following. I would just prefer a quicker win to be sought in Serbia to both start generating revenue and R&D funding and also prove up the capability to run a solid mining operation before the company signs up for further greener capacity elsewhere

TM - yep sorry - typo there - two months away. Hopefully we wont care by then as BTC RNS will have dropped and we will be at ATHs and it will just fund more of the same.

Prefer the quiet board.

Back to the two main topics now.

Court case settlements - 20th May next known key date (unless settled before then)
BTC - would be good to get an RNS to say BTC mining commencing on xx/xx with yyyy hashrate as new agreement signed with zzzz to manage the operation and then a confirmation RNS - the first one would start an up tick I think

If Serbia could be mining in weeks then we may get the latter RNS in a April, as long as that is what FG is doing, it just was not clear from his interview if they are actually re-mobilising the mining now.

@Bluhope

Agree - I posted last night that I hope / believe the strategy is to get Serbia up and running on current machines and look to add machines from some of the funding. My understanding is that the cost to mine one BTC was $10,000 so they should get the mining underway on the current stock which will raise the profile and also provide additional profits to put in to R&D.

I hope this is the next logical set, FG said in the podcast that Serbia could be up and running in a matter of weeks, I think it SHOULD be up and running in a couple of weeks.

Listened to the interview a few times now and this board is getting somewhat polarised. We should discuss the merits and demerits of any company in a civil way and the board in the last few weeks has also been injected with a lot of posters who obviously are not invested from there comments. I said some weeks ago I thought this was a punt on BTC Mining and John Story and the concentration on BTC made it less so, I think we will get there but I also think there is some more strategic clarity needed as I do not think the interview did any good in asking for some more precise questions on Miner One.

My assumption from the interview is that FG will look to mine on current servers probably in Serbia (he said weeks so I assume the servers are still there) and they are also looking to build their own mining servers as a best of the best and plug these in to green energy. That was my basic takeaway but the direct questions I would like confirmed are:

Will mining recommence in Serbia on the current servers and is there a date when FG expects this to happen?
Will, in the interim, FG look to increase Hash Rate with newer commercial servers (Antminer Pro etc..) as this will generate additional revenue to fund the R&D of customer machines?
If the effort is going to be on BTC mining is there a plan to re-brand the company (Clarity Blockchain?!? :-)) to provide more exposure to the company focus and provide additional value to shareholders?

The first one is the key question for me. FG mentioned Serbia could be mining in a few weeks, I would prefer a plan that says Serbia WILL be mining in a few weeks (or months) just a more concrete plan.

There is no guarantee that custom machines will be better, there are a lot of clever people out there and there are specialists in these machines who will have pushed their knowledge to the base having evolved the mining machines since the start, Bitmain are no slouches so I would rather have an approach that capitalises on the BTC mining now and uses industry best of breed whilst an R&D project continues in the background.

If you look at my previous posts, I have said that I wanted to get in to a new miner early and CLP feels like the one and it could be massive so I am trying to be balanced, the interview was fantastic in a lot of ways as it confirmed the out and out BTC strategy FG is now following. I would just prefer a quicker win to be sought in Serbia to both start generating revenue and R&D funding and also prove up the capability to run a solid mining operation before the company signs up for further greener capacity elsewhere.

Depending on the popularity of the podcast I see a rise next week, but it will be insignificant compared to the rise we should get when an RNS is released confirming mining has commenced.

One thing I had genuinely been concerned with was whether CLP needed more financing from the Sipiem case to fund / accelerate BTC mining and the adjournment would delay so I have enquired to ask if this is the case and what impact it may have on the BTC plans.

I have got a reply tonight:
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Thank you for your email.

We are working on the crypto projects, as outlined in the 22 February RNS.

The outcome of the SIPIEM court case has no impact whatsoever on our Crypto strategy, which is being financed with the funds raised with the two recent placements.

As soon as material events will be finalised, we will promptly inform the market.
---
I originally thought CLP was a company really looking to re-invent itself and the re-energising of Crypto was of the moment and there I invested on the fact it had potential as opposed to waiting for the potential to be almost realised and missing out on the multiples.

There is always a leap of faith you have to make if investing even if you research extensively, especially in this high risk / high return market. But I do genuinely believe the current SP is insignificant, having made (for me) substantial profits on ARB (only investing from 43p) I have put those in here now and will let this play out.

The chances of success have increased massively with the placing, John Story on board and the fact that if anything, any settlement could be used to boost the hash rate once the data centres are established.

This is not the next Argo - it is CLP but the future looks to moving in a good direction now.

Punter

I am just saying that I believe that these are the three possible outcomes today.

1. I think the judge will consider the expert reports and make a reward, although as I have said I believe it may take longer
2. The judge considers the reports and decides not to make an award, although I believe we are past that but you never know
3. The judge hears the arguments and recesses to make his / her judgement and publishes it within a timescale - that was actually my experience of a UK employment tribunal case I was involved in (neither the claimant nor the organisation being claimed against I may add!)

As I said - I think (3) is most likely but I do not know the Italian legal system and so we will find out soon enough. Providing it removes (2) we will all be happy and also if there is an ability to publish the court appointed assessment we will also be happy as it will provide an indication of the amount we may get, not what we want to get.

I do think if you get the info real time it is easier to trigger a buy / sell depending on outcome but if there is a decision this afternoon I am sure the price action will tell us in the absence of an RNS. These are public records and so information will be available before there is any time to issue an RNS.

Three potential outcomes:

1. Award and amount - positive or negative depending on amount
2. No award - doubtful - I think the claim is accepted by the judge and this is about how much from what I have read
3. Award and amount to be decided within 90 days (according to website) where Judge considers the representations

I think 3 could be likely as this is the legal system but would hope for 1 - more importantly if the RNS drops with an amount I would dearly like to know what it is to be spent on (Miner One) and when they believe they will be up and running.

@iceman

I asked the question last night but everyone seemed to be trying to work out how many shares RBK has .....

Do you know if there is a Venice Court website with listings of hearings and outcomes? We may get an RNS late on / tomorrow but I wonder if there is an electronic publication of results we could look out for.

Strange board today - as a diversion ....

Can anyone confirm the website for the court, is there a list of hearings (is Clear Leisure listed as a hearing) and will results be posted after the hearing.

Is this the right place? www.jus.uio.no

If not I am googling down a dark alley!

This just might exercise peoples minds more than the subtle back biting!

barnetpeter - never begrudge a profit - well done to you and holding your nerve to 4.3 - that's a good return. Good luck with your next investment.