Member Info for Sanboy

No point just asking for clarity and debate. No need to worry about me. I wanted you to confirm that approval means delivery and just wanted to delve into that point by the other 4 questions. It feels like everything is predicated on Approvals. The approval by GSFC could answer the majority of your issues posted. It won’t get away from Dave Lenigas being involved, but that can’t be controlled. Anyway back to work. Enjoy the rest of the day.

San

The exchange is live and has existing debt securities being traded iknownuffin, so is already posting revenue figures. I agree money will be needed to get everything to end viable product. I believe more than 6m

San

Btw yes I will come on here and admit I was fooled on a pump and dump. I haven’t had any serious questions about the company to answer. I answered a lot of questions on TG as I knew you would see it there and post on here which you did. I answered the asset and got nothing back from crawshaw, I answered my portfolio position. I answered this company becoming a tech company through procurement and address IP when all is integrated ( no VLRM IP). I also address quantity of workers and management overheads with costs to Hassans.

Interestingly all of that becomes real on approval. So if we get approval then do you admit the following

- VLRM will have Dev workers through 20% gsx group ownership?
- will be a step closer to their own IP through integration?
- will be a revenue generating company through the GSX?
-will be class a fintech company through ownership of financial instrument?

San

Don’t worry about me and who I am, how much I’ve lost etc. Let’s completely remove personalities from the equation. If VLRM get approval they will have delivered something, which I think is your main issue with this company right?

San

Btw on a side note and really not important but I have never ever said this will get to £10. I may have said why not the pounds of all is delivered and the customers come in their floods. Anyway back on the open forum debate… trying to keep it friendly with no personal attacks…. Yes or no?

It’s an easy answer yes or no on delivery?

San

Debate. I don’t need any approval. Why deflect? I’m asking simple questions. If approval is received will that be classed as VLRM delivering? Remember that if they get approval then they own an exchange that hosts existing tradable debt securities, which means revenue generation. The GSX posted a revenue figure of $12.8m. Also Juno manages existing client portfolios that will be transferred to VLRM ownership upon approval

San

I’ve never said £10 and my exit strategy is much more realistic. So you won’t hold your hands up on approval and will continue the narrative unless it hits £10. I thought you said it’s delivery issues you have with VLRM? If they get approval that’s delivering something right?

San

Cheers for the answers. Let’s see what happens, but make sure you don’t go hiding if we get approval. I won’t if we don’t and am happy to hold my hands up and admit you guys were right.

San

They will need more than 6 million I imagine. Could be a placing, could be a new loan agreement, could be bank loan as they will own a revenue generating product ( gsx in its own right)…. Lots of avenues. Dilution is the quickest option, but that’s no different to drilling programs kicking off that need funding.

San

So you believe we will get approvals? The price will collapse because Lenigas ( assume DL) will dump his stock? So the question was what is your position on it? Will VLRM have delivered part of their strategy?

San

I believed that an RNS was going to be issued early in the week with the interims to provide an update. This was based on numerous things. Meetings being had in certain locations at the end of that week. Didn’t happen and we only got interims at the end of the week. Now you

San

So honest question to the regular posters. Do you believe that VLRM will never get approval? If they do get approval what will your positions be?

San

Thought it dropped to 15s a couple of weeks back? Seems to have bounced off that and bid moving up on 202k buy to 48k sell split. Peel taking the reigns

San

Yes I was also invested in ARB. I wouldn’t now or in the future. VLRMs core business is exchanges. Utility coins are the future

San

To be honest wasn’t a big fan of that way forward and voiced concerns when they did it. Good thing is that they are offloaded and they can concentrate on approvals and building the products. I wouldn’t invest in anything with Bitcoin mining involved. Including vinaz

San

San is there a platform in place like an app or website that VLRM can operate from?

Read English… a website or app. Platform not the exchange itself . The Api will be easy , it’s the plumbing behind. A lot of software and tech is used by gatenet already, plus GSX platform already has the hosting foundations. I can go into more detail as I’m an IT programme manager deploying big infrastructure projects, requiring some similar solution architecture

San

No you idiot 400-800 build the app. Read the thread. He was asking about an app. You are some kind of simple. You now don’t understand the difference between an exchange and an app… oh my days it gets worse. The exchange will take longer but as I posted we are advanced because of the purchasing of an existing platform and use of gsx group tech ( not confirmed)

Somebody help me out with some crayons and paper. Make sure they are edible
San

Hours… you were talking duration not money needed

San

Again no clue. It takes around 400-800 to build a trading platform app as per google and also I have a friend who Manages the delivery of trading platforms in Saudi Arabia and he confirmed that they are relatively simplistic. The key is the actual plumbing in the backend where VLRM have an advancement because they are buying an existing exchange and will probably , Not confirmed, use a node hosted on polymesh. That will be GSX group to deliver that if that’s the way forward

San