My drum has made me a significant amount of money on VLRM so every day is the day. As I always say, feel free to provide some structure to your argument and we can have a debate that will be of value to this forum . I’m up for it.
San
I have just tweeted on this, but notice on here people talking about lenigas and empty promises etc. It would be great if people took responsibility for their own actions. Nobody should be investing on a forum post, tweet, a person like David investing etc. Please DYOR before investing. Take the time to read the company RNS, website, GSX profile, GATENET, Mattereum whitepaper, google news on Crypto and Gibraltar, Hassans Website etc. Read helpful posters who provide facts rather than statements.
Don't be part of the lazy culture of investing because of a tweet and then blaming others when the pot of gold doesn't arrive. I believe personally this will be a big deal, but that is my opinion (Statement) based on the research i have done. For those looking to invest, join the Telegram group as it is a great place to get information and you are welcome to DM me on there and i can point you to reading material
Regards
Dan
to add there is plenty of information about, but you have to dig for it. I look at
- GSX and revenue figures - zoomfigures
-GSX and product offering - website
-VLRM and company breakdown - Website, historical RNS
-Hassans company - Website
-Patrick Young - CV posted
-MATTEREUM - Mail, Telegram group
- Market Mechanics - Free L2 on ADVFN
- NFT and Crypto - Google news etc
Its all out there just needs hunting.
San
We dont know the valuation of the deal and it could be a cash / share offering split meaning dilution. However buying a revenue generating product that is expanding is a big deal for this size of company. If you take a look at many AIM or AQUISE stocks they are a significant way off revenue generation so much of the mcap is based on expectation and hype. To a degree this was VLRM, but the purchase of this means the concept becoming a very real offering over the next few months.
TBH a big deal is made on OTC and don't really see it. It may improve liquidity of the share, but it isn't really significant; Infact some shares have either stayed where they are or dropped on float (MODE). I have assumed issue with OTC is down to man power as some companies in different sectors are getting to float after submitting forms in April.
Apologise if i came across abrupt but hadnt had my morning coffee :)
San
Nothing smells off here and i wish people would do their research before posting. Ive been trading and investing for 7 years now and i see this time and time again. The SP goes down and now its a pump or dump, or the company are failing. Inaccurancies are posted and people read into it. Let me simplify for everybody here
- The bridge is currently a concept that has become more real with the agreement to purchase 80% of the GSX exchange. Currently the GSX hosts debt securities and bond products so isnt like an exchange we know with floated shares etc. With the agreement to buy the platform, the government are effectively allowing tokenisation of the exchange current products (2500+, worth 5 billion). This will allow MAP tech to be used with Gate tech and the hosting bridge to bundle these securities and buy/ sell them using crypto. The current revenue of the GSX is $12.8m posted Q2 2021, up 2.8m in Q4 2020 (Lovely growth rate)
We dont know the cost of the deal, but the placing of 2 million will i imagine help to procure (Answer to your question where you didnt read the RNS after the deal RNS). Now you talk about smoke and mirrors. Vinay Gupta is onboard and mentioned GSX yesterday at cop26 or whatever its called and we have Patrick Young at the helm whos CV speaks for himself. Finally we have Hassans who are global leaders in their field. I don't believe these individuals to be pumping and dumping.
The following drop is a churn of the placing shares and some nervy investors who bought high and got stung. The Book will turn and demand will come back when it hits the bottom. When the deal comes through then you could be looking in the first instance of 80% ownership of a revenue generating product that is expanding. If you times that with a 10-20x PE then this mcap looks pretty low just on that.... this doesnt take into account future expansion or the crypto bridge.
Please everybody do your research before investing or commenting
San
These are placing shares or MMS' moving the stock which is enticing sells from nervy PI's who may want to take profit or stop losing after a high buy. Its irrelevant really as the fundamentals are the same today as they were last week. I bought a lot of shares in the mid 50's and am happy to hold. I always find it strange that investors sell on a loss against no change in fundamentals. They do know that after Placing sells end then buyers are going to jump in as they see a significant upside based on the ATH of this stock? Nothing has changed so selling on a loss is rather silly to me, but only my opinion
San
Bought 153k. I like the investment case.
San
It could be significant in the future once the crypto bridge is incorporated and the existing products listed on the gsx are tokenised and available to trade (assume that’s the first phase before offering company shares as tradeable tokens). The revenue at the moment for the gsx is 12.8m on existing products that value 5bn, so 80% ownership on a revenue generating bridge plus PE ratio of x 20 ( standard tech company) is around 100-200m. Difficulty at the moment is to work out without knowing the deal. If we add crypto link then the volume could be mind blowing as will be the only regulated place to procure securities using cryptocurrency. I can see some big crypto Whales being attracted by the ability to leverage their holdings and protect their crypto during volatile moments like Bitcoin contract expiry period. The ability to then flip back to fiat or crypto will be the deal breaker. IMO that’s when the mcap explodes to life changing money. Obviously all my opinion and dyor
San
The mcap is a fraction of what it should be based on 80% of a stock exchange with revenue reports in Q2 of $12.8m. Growth has been significant on the exchange since Q4 2020 on its 2500+ securities hosted (Valuation 5b). Now you add the continued growth rate and the crypto bridging and you get a significant upside. All in my opinion on DYOR
So when ARB were floated on OTC, was the price immediately synced with UK? I vaguely remember the SP in US being higher and UK investors being annoyed that UK hadnt moved to reflect exact conversion.
Feel free to correct me
San
Its that the mid price on the spread was tight so the algo couldnt confirm buy or Sell. Mine came in under the midpoint at the time so assumed sell, but they were defo buys ;)
San
Yesterday there were a lot of buys incorrectly marked as i bought 100k and they all showed as sells
San
Not sure what you mean, but because the spread is so time against the mid price then i have noticed that L2 doesnt display correctly. Anyhoo, im buying into this share as i cant believe the MCAP to cash position... it doesnt make sense. Looking forward to seeing the next investment from the group.
San
Final point.... From May 24th to June 21st off the back of news this went from late 20s to 80's. We are now at mid to late 20's and only news had was Patrick. I would expect this to happen again on next news as the dilution is so low and there is a core of investors that believe in the project who will not release there shares anytime soon (obviously this is a trust exercise). People who are investing now may hit a huge %increase if news is positive, but its when to time it. Where is the bottom is the question
San
From a positive viewpoint on all of this, we know that FINRA /OTC approval is changing on 22nd September which should mean OTC isnt far away. Also I cant see an op update not happening this month, as its been a significant amount of time. I will say one thing though, I can see an almighty bounce if news is positive about the bridge. All in my opinion obviously
San