Member Info for Sanboy

Managed to close my trade on Friday. Nice bit of bunce before the drop. Im not sure why some on here are mentioning me in posts and being personal. Ive got no issues with LTH's and i hope everybody makes money. I have a big issue with the board and the information being issued to shareholders. I believe they are being disingenuous. Simple really

San

Im happy to ride this trade, but i will not be sticking rockets or advising anybody to buy this share. DYOR as always

San

Spartac sorry but it wasnt part of the handover. I should know as i was close to the board and detail on what was happening with Patrick and Poulden at the time. They were removed from the helm and once the dircetors were confirmed, they would complete an audit to ensure full transparency with the shareholders. I was contacted to provide support during that period based on the amount of shares i owned at the time and the consortium of investors that i "managed"

San

Agreed, but at this juncture we are both guessing. The RNS is not clear as to that revenue.

San

Yup i read it like that Craw. Either this isnt the case and is badly written, with a requirement to issue another RNS with clarity, OR the revenue has not come from that onboarding effort and it was taken from the sell off. Would be good to scrutinise the accounts and specifically asset numbers on those account.

Maybe LTH should ask the board members in the group to breakdown that revenue to clear up any ambiguity? Just a thought. I imagine its quite important if you are invested rather than trading

San

Lovely little trade im on with this. Knew the pump was coming and riding it till it flips back to the dump. This is a tradeable share when the volume is there, but thats all it is. Long term this is heading to dilution and share drop when the accuracy on the next set of accounts highlights the sell off of the bitcoin asset. They need those potential contracts signed and they need to provide clarity of the revenue and the allocation of that revenue. Be careful as always with this

San

JSS not sure why you've brought me into this discussion. As Crayon said, i sold out a long time back and dip in for trades every so often. That's all this share is tbh, and that's getting more of a struggle as the volume is pretty poor. This is not a long term investment as there is no money, no clear strategy and an inexperienced board. This could obviously change in the future, but right now there is no investment case imo

San

Now this RNS really rubs me up the wrong way! They can afford to procure options back, which is considered by the Directors to be "in the best interests of the shareholders", but when i asked for an EGM to remove the free shares allocated to the board they refused and booted me out. The best interest of the shareholders at that time was not to have further dilution on their investment under the "we saved the company" banner. They categorically did not save the company and the situation is now worse than when Poulden and Patrick Young were onboard. I was in the fortunate position to know exactly what was going on at the time and what has proceeded since then is pure greed and incompetence. Im not one to rant on a forum, but this is an absolute disgraceful statement... even worse if its certain members of the board selling off their free shares through those rounded clicks!

San

Had some time to take a look at the accounts and although they look sound on the surface, once you dig deeper you can see the inflation of asset value. If something doesn't come through soon then the next set of books is going to look absolutely dire. They have to raise before next accounts. Cant see how they cant go on without that injection of liquidity.

Good to See Wexy posting. We've had our disagreements in the past on this, but he defo knows his onions and got this one bang on

San

Gav. Respect to you for holding strong and it clearly shows that you are comfortable with your investment case here. Hopefully it works out for you and others who have invested. Dont want any "innocent" investors losing money (I say innocent as there are certain share holders who deserve the pain being experienced)

Unfortunately today is quite significant. Not being able to generate 100k is a worrying sign, especially when funding is required in the millions to support the business on its journey to revenue generation. I may be reading too much into it and there are investment companies around the corner ready to agree a funding deal. However, this alongside the funding failure and the majority of money coming from an existing director (James) triggers alarm bells.

When i first invested here i saw the investment case. A bridge that would cross the clear gap between standard fiat investment vehicles and crypto, allowing users to trade in tokenised shares, buy land, purchase/trade luxury items etc. That made sense to me. I really dont get what VLRM are doing here and where the revenue is going to come from.

San

Gav

I don't think i lost the plot, i just worked out what the plot was and didnt like it. Fortunately that was the correct decision as ive recouped and am now invested elsewhere. I was very close to the situation when the previous director was ousted, I still have emails (will leave that one there). I offered support to the move along with the consortium I represented, but then we were stabbed in the back with the dilution of our share value through the issuing of free shares. These shares were issued to individuals who didn't, and still don't deserve such reward. They have failed to bring any value to the company and have continued dilution. I specifically asked for the support on an EGM to request that these free shares be removed and i was removed from the Telegram group. Fortunately that loss of plot, as you call it, was the correct way forward.

I saw a post on £50m mcap. Let me be blunt there is no chance this is getting anywhere close to that, without some significant value adding news; and i dont mean absolute tripe investment in a company that has been formed off the back of administration and significant liabilities. The company's strategy is convoluted, there will need to be significant dilution to source capital, the board are incredibly inexperienced in running a company, there is a lack of understanding in the technology, no clear path to significant revenue generation and the history of this company is a red flag. Hope im wrong for all the investors who deserve better

San

Assume it can be posted in the Telegram group? Unfortunately im not a member as i got booted out when i asked for an EGM on why free shares were issued to the board for delivering no value. I believe the value is still plummeting?

On a side note, does anybody know how much VLRM have in the bank?

San

Metrikus limited have 1 Director and 14 terminations over a period. £3.4M net liabilities based on 2024 full accounts filing. Metrikus Software limited were formally set up on the 5th March and allotted 1,387,900 shares. Can somebody explain where the growth is for VLRM here? How can investing in a new company add any value, a company that has spawned from administration with liabilities?

San

My ms givings are linked to conflict of interest and investments outside the sphere of VLRM influence. What i mean by the latter is that if the company is investing in a "linked company" then is it down to failure to connect with the outside market? I thought they had lots of opportunities?

Time will tell and hopefully it pays out for the share holders here. Always want people to make lots of money, although i'm conflicted with this here as some on the board do not deserve to make money.

San

Haven't looked into them, was only responding to CimBom. Alarm bells still stand when the investment is in a company that the CEO is also a director of. Just my view of the world even if due diligence was completed.

San

Is this not ringing Alarm bells with anyone? Company set up 6 months ago by the CEO of VLRM and now VLRM have invested in said company. A company that has been active for 8 weeks and sole director is the VLRM director.

San

Left confused by that RNS. Where is the business opportunity here?

San

Yup saw it yesterday and dipped in for a taste and dumped. Probably another pump before the drop. Keep an eye on placing RNS

San

Lovley 20% trade. See how this ends by COP

San

The value of Bitcoin fluctuates so difficult to suggest that the value of the company should be more than the value of a volatile asset. If VLRM were generating revenue against that asset then you could use that valuation, but it doesnt. So has the company completely changed strategy?

San