Member Info for Sanboy

Looks like it but just getting confirmation on statement. Believe DL statement has been misinterpreted. The regulators preferred the miners off the books but had no link to any approval or rejection. Just so people understand the GSX has been APPROVED with no stipulation other than funding to procure and run the exchange. 50% has been escrow and the rest is what we are waiting for. The funding agreement will kill off the cln and push through the purchase to full rubber stamp/ sign off

Unless John can provide a confirmation I’m standing by that and will correct my statement if I get otherwise.

San

For info I’m trying to get confirmation on gsx only on approval if miners come off books and everybody has said it’s nonsense. I’m getting confirmation from the directors. John M can you confirm who you spoke to at the company

San

I disagree mustard if I’m honest. I think the company will deliver but not sure the value this company will get to as expectation is dilution to fund NFT project. I think the GSX will go through and expansion happen. I believe it’s potentially calculated based on the buys just come in. Something really dodgy happening on this share and doesn’t look good from a reputation perspective

San

Interesting. Could be calculated to get a lower price, but can’t see it. Think it’s ineptitude on the original funding agreement and then again sourcing new funding. Peel just flipped on a 20k buy so let’s see if we get a bounce back up.

San

Don’t think it’s possible to sell whilst you get CLNs churning, but could be wrong. I would strongly advise people not advocating buying or selling here as it’s not appropriate. People have to make their choices for themselves, be that good or bad. Obviously investing here at a high price was a wrong decision and you have to own it . Hopefully brighter skies in the future, but this has been a disaster by the board here… which they need to own

San

Perhaps they were pyrite? The board waits till the end of Q1 to release news and there won’t be a share left. Very poor company at the moment.

San

Cheers John. Find it very strange, but suppose they must've not liked a mining link with ownership of their national stock exchange

Some heavy buying today

San

Looks like it. Market seems to be responding? No sells at the moment from CLN conversion, which is interesting. Perhaps one at close?

San

I mean he could be right, but the commission signed off approval when the devices were still on the books. I think the only thing outstanding is the financial terms as they need to purchase but also have some working capital. I cant imagine much working capital will be required at the moment due to the limitations on what the GSX hosts. All bonds hosted and a crypto fund, which dont have as much by way of management (Shares require much more management). This will change with the suggested ME expansion as you will start to get companies floating on the market and requesting funding through it. All opinion obviously. I'm hoping for funding RNS this week or next at the latest, with a flow of Operational news over the rest of March and April.... More pain coming if not

San

I don’t believe that to be true. GSX approval is delayed due to funding. 50% has been purchased through the funding agreement and the additional will be through a new funding arrangement that hasn’t been detailed… it’s what the market is waiting for. The new funding agreement will pay for the final part of gsx, clear the remaining CLN drawn down and have some working capital. I strongly believe that operational RNS will follow immediately after funding. I’m not sure why having miners would have any baring on Clmmission approving sign off? Happy to be corrected

San

I’m not in the telegram group. And if you read his post he said 50% I talk nonsense and I’m a ramper. Seems personal to me. Anyway good luck all on whether you choose to remain invested or sell up. Remember it’s your investment, your decision and accountability is on you. If you make money here give yourself a Pat on the back. If you lose money then take full accountability of the decision you made. If you are stressed out like a few are on here then you clearly invested what you couldn’t afford to lose. Investment risk and all that

Most importantly chill out and go spend time with friends or family… life’s too short. Btw RIP Motty the legend

San

1.40 was accurate and PE ratio is x20 on fintech. I think I was adding x5 or plus as conservative but cant recall so check my posts. Can’t say £1.40 max was a ramp at the time based on a much higher SP. Seems you have turned a healthy discussion into abuse towards me and Peter. A very strange sausage you are Kenty

San

Remember you have to add a PE ratio to that revenue figure. I imagine it goes hand in hand with Juno that manage the assets on the exchange (Security debt bonds at the moment). It would be good to know the activity against those tradeable bonds, but suppose that may be irrelevant if they migrate to a company floated exchange allowing ME companies to access markets for funding rounds

San

https://www.zoominfo.com/c/gsx-ltd/372577106

Not sure the link will work here but go to zoominfo and request the info.

With regard to exit price then my average is mid 20ps but sort of fortunate that my original investment plus tiny profit was removed and banked couple of years back. Unfortunately this is killing the profit made on trading the Pharma stock during COVID and Metals shorting last year :(. Im aiming for a 35-45p target but thats all dependent on news flow. Just have to accept the battering right now and continue to build up profit elsewhere (IPO's and Warrants im sat on for other companies)

San

Cant be priced in as there isnt an understanding on the value and potential of it post expansion. I found that they posted a revenue of $12m in 2021 but no breakdown on that.

San

The £10 was a very silly statement and think people got ahead of themselves a bit. Would've meant £700m mcap without any plan on a revenue generating product. I was always targeting a £80-100m mcap , but has been reassessed due to the inevitable dilution increase at a lower price to pay for the 50% GSX and CLN pay off. I imagine they will need £5mil for all of that, which at say 10p would be 50m additional shares (130m total shares out). Obviously this is an assumption that the funding will be through placing and no warrants issued (Incentivisation to buy the share). They may have another funding route, but who knows. Im personally thinking we will find out by mid March and then the GSX RNS will come out a week later to hit end of March. This will trigger a lot more news (Juno, NFT, GSX expansion news in ME etc). Not sure how the SP will perform but would be stunned if we aren't significantly higher 20, 30m perhaps?

San

Took a look at the questions and had a stab, based on assumption and a few discussions had with the team

What has happened to the £24m of investors funds? - Was this during pgce days? No idea

Why doesn't the company have any significant assets? - They will do once GSX goes through. Nothing right now

When are the 2022 accounts being published, they were signed off at the AGM in January? - Really not sure about this one. Do they have till the end of the financial year to finalise to align with tax implications?

What work is being done in the background to build an infrastructure for the business? - The existing infrastructure is there for the GSX, but additional funding will be needed for the NFT product. Remember VLRM will have 3 products
- NFT
-GSX (Future Bridge
-Juno Fund Management

How many employees does VLRM have? At the moment just the board, but once signed off will have JUNO, GSX staff and an option to utilise GSX group employees if they trigger 20% ownership of the group.

When is GSX going to complete? GSX has been approved and will only complete once funding has been agreed. I believe partial payment has been made, but the rest needs to be funded. That is currently what is causing the pain

What happened to the Bridge? - GSX expansion to ME is the priority as the current products listed on the GSX are limited in their value for trading. From what i have pieced together through discussions, ME expansion will mean start up companies floating allowing share trading (Cant do that right now on GSX). That will happen first and then the bridge to allow those companies to have their shares traded in a tradeable token.

How are they building a blockchain based Fiat and Crypto asset exchange? This hasnt been issued yet but
What happened to OTC? I believe that the OTC ticker was allocated, but not sure whether the priority is hosting on a bigger European exchange first. There isn't much value in hosting in US when there is no demand here.

As you can tell, no fact on the above and just my thoughts.

San

I’m still here Mustard, just a bit battered and bruised. Don’t post on LSE and am not in telegram groups as it was taking over family time so came off it. Awful position at the moment and fair play to you guys for calling it right on the sp predictions . Disappointed on how this is managed and lack of director buying

I do think the SP will rise significantly from here but my exit strategy has reduced. Was always hoping for £1 but very difficult now. Suggest investors see where it is at the end of March (Q1) as that’s when funding, GSX and NFT news is set for. Miss those targets and there will be blood on the streets… more than currently

Switch off and enjoy the weekend

San

There is no change to strategy. The Strategy is still the same, but the approach has changed. The end goal in the strategy is to convert the GSX to a digital trading platform, but expansion will come first (New Approach). The NFT platform is a new product to be hosted so as to add some portfolio diversification (its always better to have more than 1 product offering). Both opportunities are exciting but the platform probably has more by way of valuation increase as i see it

San