Member Info for Sanboy

I would look at this from next year onwards. I think there will be listing news and potentially an agreement for funding this quarter, but the key news will in Q1 with all the deals going through. If they don’t go through in those timeframes then there are serious problems here

San

GSX going through will break the pattern hopefully

San

But thats placing on working capital, which is different to a placing to buy a revenue generating product. The 4 mil draw down was to buy the GSX and JUNO

San

With approval from the regulators it derisks that point to a degree. The GSX is a countries exchange and wouldn't be released to anybody to take over unless proof that there is a plan to manage and develop it. As it stands we don't own anything and your point stands, but once that deal goes through then they have delivered a part of what they promised to shareholders. I still feel my exit price here will be hit

San

I think its easier just to wait for any formal RNS and then analyse, because that is the only certainty on what the company are doing/have achieved.

My view is that the poor SP performance has nothing to do with the companies strategy to get these products to market. Everything they said they would do, they have done. The company has, to an outsider looking in, failed in the funding that they agreed to get momentum on the strategy. However, we don't know whether at the time this was a better option than placing. If agreement had come sooner for the GSX then we could've seen significantly lower dilution as the conversion and selling would've been at a much higher price. Hindsight tells us that they should've placed. Unfortunately, we can't go back in time and we have to call out that it was a mistake by the board. I'm still confident that VLRM will deliver on what they said they would, but it may take a bit longer to get there. Q1 should see alot of activity and revenue generation, which is always handy when looking at future funding or general company valuation. I think Q2 is when we start to see development of the expanded GSX as a digital trading platform. NFT Marketplace will need more clarity on funding and plan in general. Next News guess from me

Q4 - ME expansion funding deal
Q1 - Juno Deal
Q1 - GSX Deal
Q1 -NFT funding
Q1 - ME expansion deals
Q1- GSX conversion Plan

San

Agreed it wont, unless they buy much more as it will go into sticky hands until they hit their target price

San

Depends on when they bought in and sold on those failed companies. Entry point always key for these big holdings

San

Their average must be around this level so they will want to see significant returns on that 5%. Means there is a level of confidence on this SP improving from here. Not sure what their target exit price is

San

Vidacos nominees limited… check out the register folks. Looks like we know who has been absorbing the shares. 5% ownership appeared. Looks like Citigroup are the parent organisation located at Canary wharf? Anybody with knowledge on this org?

San

Yup share transfer. Somebody / something is buying these sells up. Weird question but could it be an agreement with a new institution/ funding agreement that has agreed to buy up the shares off the CLN?

San

Yup and that 100k. Loading up perhaps

San

125k buy or sell? I’m going buy but only based on mid price and don’t think sell has hit that level at all today?

San

Nope. No breakdown of administration costs. Maybe somebody else can find it?

San

Yes he was there to have discussions with ME investment, but nothing guaranteed on outcome till we get an RNS. They also had discussions in London, so assumption was that the sign off of any agreement discussed in London would happen in ME visit. Again that is speculation from me and defo no certainty. Could be just a family holiday

San

Could also be a bank loan if they can prove payment with revenue from GSX once it goes through?

San

Yup defo option 2, or a curveball option not listed that won’t result in dilution at a low price.

San

No probs. Don’t know much about mode, but with regard to VLRM they have some strong potential here. The key point that the company need to sort out is funding. The NFT marketplace is going to cost a bit and I don’t think the company are going to call on the 6m left of the loan unless it’s the only option. The current loan drawn down will pay for all these deals and initiation of expansion. I think the company has the following option

1) take the rest of the draw down to expand the ME and raise a secondary CLN of private funding to pay NFT Marketplace

2) Raise equity separately on NFT and seek ME funding to assist in expansion and pay off 2m loan. Imagine this will be in exchange for equity in VLRM

3) placing at 20-30% discount on SP. Can’t see that happening with the current price, so will need a pretty big hike to get value.

Hopefully this week we hear on how the London /Middle East discussions went.

San

The secondary sell at 150k has gone in at the same price to balance the market... SCAP moving on the bid immediately.

San

Or i could tell you who triggered the trade... but thats not cricket on here

San

I made a dummy sell quote at the time and they were offering sell at 10.80 after having released the 100k buy. It was NT to buy and then opened up after the sell was released. It was all accurate around the mid-price at the time

San