Member Info for Sanboy

No they weren't. And im 100% certain

San

RNS in February and August with issuing of shares. Then the November dumping as you mentioned. You have to add to that no liquidity in the market due to Ukraine, energy prices, inflation, bad fiscal policy, covid financial realization etc to absorb sells which has meant the SP has been hit badly as nobody is buying at a rate to stop the MMS dropping it to get the sweet spot where buys and sells work harmoniously together. Looking at L2 over the last 3 days there looks to be a change... example take a look at the 100k buy with 100k sell immediately after. Obviously the market can change at any time and sells start hammering in, but who knows other than the seller.

San

$2m left of the loan so around £1.6m. With a 10p conversion then you are looking at 16m shares minimum, if they chose to convert. The aggression seems to have reduced but who knows. I imagine the company are looking at how they can resolve the outstanding balance as it’s killing the SP which prevents any future funding if they go down dilution route. The ME discussions are really interesting when thinking about future funding

San

Yup should be squared away in the first quarter with the GSX purchase as they are the asset management function and will need to manage the existing assets and expansion when it happens. Would be interesting to know their revenue. Doubt it’s much but adds to the pot I suppose. It’s great to know that in the first quarter VLRM will own an exchange, an asset management company and percentage of developer output through gsx group. Really want to understand what that 20% will give us. Do we get some ownership of gatenet, gate token profit or just use of development effort?

San

I’ve always said I’m happy to have balanced discussions here and answer questions from my view. There are negatives here and have listed them numerous times, but the investment case for me hasn’t changed even at this level. Hindsight is a beautiful thing and dumping all these at 80p then buying at 10p would be most peoples preference, but the only reasons it’s down here is the CLN and aggressive forward selling of shares to turn over 20-30% profit quickly. I believe they are doing this because VLRM are in discussions about getting a funding agreement in place to pay off the final amount left from the draw down, but thats an assumption on my part

San

By all means ping through when you have read it. My concern is that revenue figure and how it is realised, broken down. Has to be taken on it’s own merit I suppose.

San

As I mentioned I invested at the start of VLRM and not PGCE days. I read the investment case and looked at the financial position at the time ( low dilution at my entry level and no debt) so knew it would be a good time to buy. Fortunately it was with GGP profit so no investment of my “own capital”.

Personally I work with clients who have clear strategies of where they want to get do and they write roadmaps, white papers and programme plans. Very rarely do they not change the underpinning plan’s throughout the life of the programme delivery to that strategy.

I see most of it as opportunities, or better ways of getting to that end point.

San

Basically I’m saying the strategy has not changed but the roadmap to get there has

San

So the strategy was to be able to trade VLRM shares using crypto by bridging the gap through creating an NFT with VLRM shares and then sticking it on an existing exchange. However I imagine they saw an opportunity to buy their own exchange when gib came up which would make it easier. Greater control, existing product and revenue immediately. The strategy is still the same here but expanding the existing gsx offering is a priority. Personally I think that’s better as investors should see a better valuation through immediate revenue. Q1 is when the gsx, gsx group and Juno move onto the books and that can only be a good thing for the strategy and valuation

San

Diversifying the exchange in its current form immediately. Brings in more revenue immediately that can go towards investment in conversion. Get more product on, making more money that can then be invested is what i think. Have a look at GSX overview link i sent, its got some good stuff on it

San

So limited? Who said that? The pull was the fact that there were 2500 bonds that could be converted immediately and allowed to be traded. The appeal on those bonds was to act as a guarantee on any loan with the bank (Crypto not recognised). Expanding the GSX means more product and diverse, so more money. The only fund for example is the bitcoin fund on GSX. Also for new floated companies it's great for liquidity drives as its exposure to the "2 financial worlds"

San

More product and diverse product will increase revenue. Having just bonds floated restricts the market and revenue. Perhaps they knew this and decided to firstly expand the revenue through standard exchange functionality with shares and then conversion.

@mqshed
How i think it will work, is the NFT gets packaged up with say 10 shares in Dubai building corp. That NFT gets added to the exchange, now on the blockchain, at a price. You buy that NFT using Crypto and sit whilst the value of the shares depreciates or appreciates. You then trade that NFT on and either sell in FIAT or Crypto at the current value of the currency. Assume its a timing to maximise your profits like when we all buy shares, but with an eye on the currency exchange too. VLRM take commission on the trading of those NFT's . This is a complete assumption and more will come to light in a white paper. The NFT conversation is much easier when we talk real world assets like property deeds or collectibles. Maybe somebody has a better interpretation?

San

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

Good place to find info on the GSX. Pay a bit more and get the full report ;)

San

If there isn't a market then it's irrelevant because VLRM will make money on the float and trading of those shares as a standard exchange.
Undoubtedly there will be a market to buy a newly floated Dubai construction company with bitcoin to protect against volatility and to gain on the share price improvement (assuming successful investment)

San

Im thinking that may be a mistake as there aren't formalised quotes set up with MMS on OTC. Having said that you can get a quote as per the big warning sign under FINRA record, but outside the usual market environment.

With regard to the strategy i'm not sure this is accurate as per Patrick / Richard still mentioning conversion still being the strategy when i and others have engaged with them (Pass on why they didn't specifically note this in the last RNS). The reason they need to expand the GSX to floating companies in the ME is because the GSX only hosts debt bonds. Thats great but only if you want to purchase that within an NFT token and trade it (The debt bond is good from a loan agreement with a bank though). Expanding the GSX means they can float standard securities on start ups, which means immediate continuous revenue and simplification of future convergence to an NFT for Crypro trading. The revenue at the moment on the GSX is driven by those bonds maturing or being traded and I'm not sure of when that gets realised ($12million revenue posted, but not sure of the breakdown).

San

Hey North long time! Hope all is well with you mate. The Roast days were ridiculous and some serious trading had. Make sure you time your buys at a lower rate if you are buying as it looks like the CLN conversion is trying to keep it at a 11 - 15 trading range and still plenty left to convert. Having said that they may stop at a specific conversion quantity to hunt for the warrants at 36p, but who knows.

San

On sky news

San

The code of the exchange takes days on the app as per conversations with a colleague who builds them in saudi. However, the plumbing will take time unless using existing infrastructure like as established exchange and blockchain nodes like Polymesh (GSX node already exists on it)

San

Yes it was correct on the report. 6 million in the bank shown and confirmed as a liability and an asset, so i was right. The company bulls up due to not having drawn down the figure (cash in bank) made the balance sheet wrong.

San

Morning all. As said it was always a case of 2 differing sides and today is a good day for VLRM as a company. Lots more coming in the next 6 months. Happy to answer any questions Crawshaw on the benefits here but will have to wait till my lunch break

San