Member Info for Sanboy

That makes no sense. Do you mean the placing shares from the last placing which was at 0.012 so selling at a loss, or are you insinuating a new placing that hasnt been done yet? That's not how markets work as you cant forward sell a share that hasnt been created yet? If there is a new placing then you are more than likely to see a massive pump so the dilution level can be lower once the placing happens.

Not sure what this means, but happy to be corrected

San

Thanks for the advice, but im looking at the mcap value and the potential value of the current signed contract. The dilution isnt likely to happen when the company is fully funded and has a pre payment to cover the first machine and the necessary testing. Also the last placing was at significantly higher than current, with the director investing his money at that price.

The Mcap when i invested was 660k, but the value of the contract is potentially £1.5M, with 300k- 400K in the bank. If you add PE onto that valuation, then you will see this is significantly undervalued. The product when live will increase that new valuation significantly

Im happy with the investment case here

San

Ive built a nice position in INSP now. Will look to potentially buy more today if time permits

San

Looks like a further drop, even when VINANZ posted an RNS. The placing price is going to be painful i imagine, unless they can snag an institution or investor that can buy at this price... but then they could do that on the open market.

Feels like a dead duck especially when free shares are being issued at significantly under the market price.

San

Would be nice to finish on buy momentum... Had a little nibble here at 2s

San

MMS all over the place at the moment. This is a big play an expect double digits. Glad i had a nibble last week at 6s and 7s

San

The Title is a bit disingenuous as it says fully funded, but we know its not, as a funding round is imminent and a secondary one later on. That funding is required to move the work forward

San

Doesnt seem to work when i try the invite. Not to worry

With regard to the group worrying about me selling, its not really relevant what i do, its about how you feel about the investment here. Do you believe it will give you a significant return on investment? If yes then hold.

I don't see an investment here at this price, so i've reduced my position and am trading other shares (I've been doing this gradually) . May revisit once they confirm the placing price and how much they manage to raise. I'm guessing the placing price will be at a significant premium as the funding institution will want to ensure that they have made a good profit immediately and are protected by any warrant or share sell from the directors. Those shares issued at such a low price to James are damaging on any funding discussion, and based on what the board have done to issue themselves shares, ive lost trust in them and statements they have made

San

Did i see an invite to another VLRM Telegram chat? Messages seemed to have been removed

San

Really unfortunate that a separate group has to be set up because people don't feel like they can talk openly about their concerns. I think i may have been booted because i felt like an EGM needed to be raised to discuss the free options issued to the board. The questions i had that weren't answered by Nicks statement were around

- How the quantity of shares were agreed. Was it performance related, effort driven or was just round number plucking?

- Why were the shares issued? Was it performance related, effort driven or simply greed?

-What governance process was followed in agreeing and issuing out of options?

-Why weren't shareholders given the right to vote on the output of the remuneration committee?

Ive got no problem with performance based options issuing, but simply dishing out shares off the back of LTH is disgraceful. Many have championed this company for years and this is how that patience has been rewarded? Also the board seem to be using the 'we were close to administration' justification, which is rubbish as Richard Poulden was exploring other avenues in the middle East and he doesn't seem the type to just bail, especially when he got paid for his endeavours.

San

San

Had a little nibble, see how this plays out

San

Assume that will be the funding from James which will go towards that trading platform? Would be good to know the breakdown of the investment in that and what split is going to developing products to market. The funding rounds will assume go towards development rather than trading.

Currently 109m shares in circulation is showing on here, does that include all the recent changes does anyone know? I've lost track of the current shares in circulation and usually options / warrants issue RNS states what the share dilution looks like (May have missed it).

San

Back to trading so will try to recoup back. Got a few IPO's that i have warrants for, that will hopefully do well. Defo assessing my level of trust in people...Defo a learning experience for me.

San

The problem is the dilution. Once funding gets out of the way then it might be worth a look. They will have to provide a premium with warrants to any funding agreement so at the moment that is looking like 3p and then warrants at 1.5p unless the SP shifts.

San

Unfortunately there is no value here and it will only get worse on the price if they maintain their level of dilution. There was a good example by Gramme on the Telegram group of the dilution level including warrants and it was incredibly painful. Remember that there are 2 further funding rounds, which will dilute the share even more. It will end up that £100m mcap will equate to 10p and that will be the end of that.

I was booted out of the telegram group because i requested that the board rethink their share issue and structure it to a performance related position. They have basically created a remuneration committee and given themselves free shares at the expense of shareholder value. Greed unfortunately. Apologies to all who called this out and i argued for this company, specifically Golden, Crawshaw, Crayon.

San

Alas its true. After being one of the core members of the start up chat on Telegram, I have been given the hook

San

There is an EGM to be scheduled at the end of this month to confirm completion of deal. Probably jumping the gun with this statement, although its basically done bar some loop closing e.g Warrants issuing, paperwork, contract sign off etc. Probably couldn't do that during silly season.

San

I disagree, im going for a funding agreement

San

But you shouldnt be looking at what they have now, you should be looking at how that may be used for what VLRM want to do. I would assume that some sort of digital trading platform would be the strategy and Gatenet tech would be a foundation for this, but we wont know that until an RNS is released. Remember this is speculation so we may not be doing anything with Gatenet btw. I will ask the group when i get in from the office ;)

San

Have been investing in stock for a while and on penny stocks that have no revenue the PE value is based on potential rather than actual revenue. With that base as a value driver, i would say the board have been successful in the following ways

- Killing off the CLN - Value in that being the removal of future dilution and selling into a buyer driven market. Not to say that there may not be a placing/funding line in the future, but the market looks kindly to a potential better deal rather than Yorkville who are renowned for their short term hold. The removal allows for a higher placing price as that throttle has been removed

-New Board - Removal of a reputationally damaging CEO and by Share holder driven sentiment will help future PI investment

-Appointment of Karl Moss - I have my thoughts on this, but i reserve judgement until we get more clarity, but the experience he provides and the perceived future direction as a result of this appointment will only provide more value.

Considering they have only been going for a few months, i would say that is a lot of good work in a short timeframe. As i imagine you are aware, basic things in business take so long, let alone removal of a board, so that above in short time is good going. As i keep saying lets give them time to release their strategy and plan.

Again just my take, but in fairness posters on here have been hammering VLRM for having RP, Lenigas invested and delayed GSX, but now that they are gone you need to at least give this board a chance to succeed or fail before commenting on performance. As i have said, there are loads of good questions on here that investors want addressing, so take them to the AGM and then you will get an answer if they can provide them.

San