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The article talks about how the majority of Bitcoin is controlled by China, and like it did with Steel a decade earlier (those in construction will know), it has the ability to manipulate market prices. It also talks about how China may take a firmer stance against Bitcoin.
To everyone, I am not ramping or deramping, nor spreading conspiracy theories - just read it for yourself. I thought it tied in with the Wyckoff theory of distribution (#2) that looks at how controllers of supply have the power to control markets.
Its just my opinion, but if its going to be long messages then take it private, have a chat on the phone, get a room or whatever needs to be done, because I don't think message boards/forums facilitate the interaction necessary for long detailed discussions.
Then when the parties have come to a conclusion, then share it with everyone, because the discussion is clogging the board up. This way everyone benefits because we just get to see the answer, rather than the chaos and confusion.
My appeal to everyone - please post responsibly, be mindful of others and their feelings. Everyone has different perspectives, different skill sets, different reasons for investing. This board has been really good so far, and Its fair to say that most on this board are aware of how some other boards are, and I would be grateful that such behaviour is not replicated here. No one owes me anything, but I hope my words echo the words of others.
Perhaps think of different perspectives before pressing "post message", and read your message again, perhaps reword it.
Yes @ UKChips, I'd ordinarily say "fingers crossed", but I think its 'a nailed on cert' this week (based on it now being 4weeks after the 19th April application submission). My only reservations (and to temper expectations), which is unfortunately out of everyone's hands is the current state of the crypto market, though it may bounce back over night; I'm certainly no expert, but don't be disappointed, I hope no one is (me included).
There is also an argument for a 'steady Eddie' approach to the SP. Volatility attracts short term investors (nothing wrong with that) and I understand why private investors do it, because we all need some more money for our own reasons, but 'steady eddie' SPs (rise slowly, less volatility) attract long term investors, and let's face it, new companies need investors to stick with them through thick and thin, whilst they develop and then take their products and services to the market.
I'm sure VLRM will continue to have big gains short term (coming weeks and months) and its fair to say with Vinay Gupta on board, it means that VLRM are serious players in this space and thinking long term.
I'm just an investor, and it's a long term investment for me, but I may slice a little to pay my mum back, oh, mustn't forget my ex-wifes 2x bathrooms (I don't mind that as my kids live in that house).
Ps. Hey, Vinay, if you're reading, no pressure dude. Hahaha
Yes @raharh, personally I'm very pleased the SP held up against the fallout from Elons tweet, and I think it's fair to say the SP would have been in the 40s had Elon not tweeted. It's a shame that VLRMs SP seems at times to follow bitcoins price when VLRM has nothing to do with it, and mining is only a very small part of VLRMs service offering. I'm sure that market misrepresentation will eventually correct itself.
I'm looking forward to next week announcements.
David Beckham, a footballer, is a significant investor in Cannabinoids. George Clooney, actor, a significant investor in Whiskey. Venture capitalists such as capitalists such as Dragons Den often do not have a background in the businesses they invest in, they just front up the cash and provide other business links. So a gold miner involved in VLRM, doesnt matter. I also have no background in what VLRM do, but I'm a shareholder (ie. an investor). I wonder how many failed businesses the Dragons Den people have been part of? How many businesses do banks lend money to that ultimately fail. Many entrepreneurs and investors, and it's absolutely well documented, they have several failed businesses before the succeed, but they keep going. Richard Branson, record shop owner, investing in space travel? Of course Richard Branson will get the right people in, he's not doing the work himself, and he has also has a long list of failed businesses too. For every one Mark Zuckerberg (Facebook) or Bill Gates who's first idea made their companies billions, there are thousands of Investors out there as the saying goes, they fall on the floor, but get back up again.
No one is forced to invest in VLRM. The VLRM team, from what I've read and researched has significant knowledge of this industry, and VLRM is a team, and not one man.
That's my balanced view, no one is obliged to agree with me.
Like I said the SP doesnt make sense, just like every other stock is red today, except (at the time of writing) Capita and Rolls Royce are green; how absolutely bizarre. Both stocks live in an alternate reality.
What is sometimes lost, and by many I imagine, is that the word "Blockchain" is used interchangeably. To many a private investor, crypto, blockchain, DeFi, and especially mining (something my mum would say is the same as what BP and Shell do).
So whilst Valareum Blockchain and the other one (Argo Blockchain) share the same second name (as will many others), they are entirely different companies with different service offerings.
I've been invested in Capita since Dec 2020, and coincidentally did an investment appraisal on them back in 2018, correlating their SP growth with their acquisitions, whilst contrasting Serco's situation about 7 years earlier (when they too were in trouble), and I recall Carillion had gone pop a year earlier I think it was. For example, Capita doubled in size between 2010 to 2016, growing from £2.5Bn turnover to £4.9Bn, and 33k staff to 75k staff, almost entirely through the acquisition of 80Nr companies during that period at a cost of £1.5Bn.
The conclusions of my report, Capita had become too big, unrecognisable, complex, and too many contracts were won with a low price to generate revenue, turnover and hit targets, but as we know, over the period of the contract and years later, the contracts were losing money; this eventually caught up with Capita (as it did with Carillion, and Serco before), and it will catch others out in the future.
Generally, the restructuring of Capita (selling off, simplyifying, concentrating on what it does best) is exactly what Capita needed to do and is doing, of course nothing goes exactly to plan, but overall the execution has been there with the odd bump along the way, so the current share price baffles me, as it should be moving slowly upwards. I guess then the only thing one can think of is 'sentiment', and mention Capita to people who know of it, the reaction is rather subdued, depressed and muted, thus perhaps providing insight the impact of 'sentiment' has on the SP as opposed to fundamentals and a good strategy.
Thank you to some of you for your words of wisdom, and calming notes. There is some good in humanity after all. I'm actually a huge movie fan, and ironically I'm going to spend even more money with Cineworld and treat myself to an annual card (something I always wanted to do). For now though I think I'll switch off this board and try not to look at Cineworld SP for a while (barring opening week of course).
If you missed the chat about VLRM over a Sunday roast, click the link below (no subscription required):
Thats a great shout out. I've been in since November, around the same time Argo launched and became the Argonauts. But before I get shot down in flames for crossing boards, I'm invested in Argo too. I only mention it because others have and Nanoco is small UK company based in Manchester that came out of Manchester University research project that is taking on a giant like Samsung and won 4 out 5 patent infringements this morning. Support British where you can and make some pounds along the way. My humble apologies to my fellow Argonauts.
Just want to say "congratulations" for this stage to all of you (guys and gals) that have supported Nanoco far longer than I have. I know its another hurdle jumped, and no more than a few more to go (I hope). The fight for "right v wrong", and the "little guy v the big guy". I've been quietly following since November 2020 as I am very local to the company. Hope you all get the much deserved SP jump.