Member Info for Sanboy

Read the RNS and a bit confused about the dilution, if somebody could explain. 243,478,438 will be the issued subscription shares at a 0.001 price where 1.44% can be sold each month before any Nasdaq or Stock exchange floating. Further to this 10million warrants have been given to Pieter at a 0.001 exercise price with no lockin period? Have i got that right?

San

Morning all...Happy belated new year to you. Seen VLRM is still in suspension whilst seeking new advisor. Quite surprised its taking so long, although we have had silly season in between the suspension so may be needs a bit more time. Any rumours on how the new advisor may be?

San

Blue or even by close?

San

Has to be some chucky delayed sells. It really didn't warrant that handbreak for what came through

San

Pretty obvious and did call that out with the control 500k clicks just managing the decline. Silly selling out

San

Gav do you honestly believe that a corporate advisor just resigning out of the blue, especially when big deals are imminent, is good news?

All the shares i have invested in have dropped when a corporate advisor resigns with immediate effect. This usually means that something didn't feel right for them. Different if VLRM had triggered a replacement.

San

Ahh apologise, thought he was. My other points on him still stand, they wont be corrected unfortunately.

San

Check out the 500k clicks. They must think we are idiots. Somebody is slowly loading up when the SP drops slightly. Very sensible buying

San

Its strange if you are a holder before suspension and you sell on the first day out of suspension, even after a positive RNS. There is significant upside with this based on the resource estimates and the collaboration with Sibanye at a significantly higher price... Will be holding these for a while

San

I mean i wouldn't have expected Pete to state that this mornings news is catastrophic as he is on the board and heavily invested. Also he is full of the proverbial and lies through his back teeth but lets not go into that...

As you were

San

In what world is this ever good news? Why would a corporate advisor just resign like that if they know they are on a company that could boom soon. They obviously didn't like something and decided to jump ship. Different if VLRM had made the decision to get rid and move to a better advisor

San

Morning

I would strongly avoid Zak Mirs Targets. He does give a good analysis of the share movement using graphical data, but there is no way of predicting SP movements other than through RNS and interpreting correctly. This record isnt great on targets!

This is defo worth a look sub 10p if you believe that the deal will come through, but certainly not with a target of 400m MCAP.

San

Gav i was responding to joining the telegram group. Thanks for the appreciation on your post. I try to be as balanced as possible and lay out my interpretation of things

San

Assume that doesn't mean me though?

San

Not sure why but i am really struggling with this 200m. I don't get how 200m can be added to the balance sheet. Can you possibly explain that bit to me PP. Not trying to catch you out, but i dont get how the asset sits on the books and also how its drawn down. I think im finding difficulty in believing a company would basically give 200m to another company for 49%, when that company value currently sits at £20-30m with no significant customer/ revenue base

San

Drop as a result of profit takers. The drop would be much bigger if rumour had circulated about a failed deal. The SP is significantly overpriced at the moment so its getting back to some level of normality. Defo a look again if it drops below 10p by the time the deal is scheduled to be completed. Its a good deal for VLRM once you have interpreted it correctly by blocking out the 200m and 400m valuation noise

San

Yup but if they trigger the 49% option then they will have got that for £10.5m, which will be a steal for them if VLRM kick on. They are miles off a 400m valuation at the moment, but again they actually have some revenue now (If this deal goes through as planned)

San

PP I agree its a good deal for VLRM from an equity perspective, although the 49% is slightly painful. I have big concerns with Gary and investors talking about 400m company valuation and that investors haven't understood the 200m vehicle. Fantastic if you bought in over the last few months and also good for those who are under water with this as it improves their portfolio

San

GG But this is what i dont get, is the 200m Capital owned by QGP, or is it a tokenised asset that they hold for their clients? This means they are simply using that facility to support their clients asset tokenisation requirements? VLRM may have the facilities to meet that requirement, which in turn is being paid an annuity by QGP, effectively a hosting price. The 49% is what QGP will get in the deal, which will require dilution... Again i could be completely wrong as my wife usually says :)

San

Some nice movement for VLRM this week. I don't worry about the deal going through, as i think it will. What i have concerns about is the lack of understanding of the actual deal and what it really means for VLRM. People making statements about the 200m and company valuation of 400m are, i think, completely inaccurate. This will be clear when the company books are released. The annuity is the real bonus for VLRM, but for 49% of the company and shareholder dilution there will be a slight pain. All in all i think its positive for VLRM in the current position they are in

San