Member Info for Sanboy

RNS is out about Bluebird investment which is causing a further drop. Not showing on LSE

San

Bash if the option is there then it should 100% be fully in cash...Call me a cynic I dont believe there is an option

San

I think the assumption is that they were aware of the imminent default and drew up new terms. Default wouldve been the case if the course hadn't been corrected in may peoples opinion.

Dependent on which side of the fence you sit on as to how you define this

The big question here is why would you take a non valued entity as payment over hard Cash? You would only do that if you had an abundance of liquidity and wanted a diverse basket of funding/investments? VLRM is a fledgling company with very little to show at the moment on the balance sheet... £3M + cash wouldve looked beautiful on the accounts

San

Thanks for putting a summary up bash. I dont think that they have successfully addressed the pre due diligence agreement to take on VGold if im being honest. If i recall there was talk of a 400m valuation by Gary himself and he further confirmed that the payment would be in USD. I believe that after i challenged the 200m i was informed that VLRM could draw down at anytime upon request and approval. The conversion of this and the payment to VGold strongly indicates to me that there is limited funds here and the only hope is that the value of VGold through demand and gold price will enable VLRM to cash in at a much better rate. Big risk here. I worry that Gary isnt completely trustworthy here, based on all the statements he has made. I took the liberty of watching back the interviews and i would strongly advise others do the same. A lot of mixed messages

-Based on the timing of the RNS,

-Conversion of the funding to a non cash agreement which hasnt completed due diligence,

-The inability to prove QGP's funding sources,

-The Obscurity of QGP and the age of the company.......

the risk is too great to invest. If VLRM had taken 3m in cash payment then it would've been a completely different mood here.

On the current SP and L2 look, be very careful here. Look at those rounded buys to prevent the drop to below 4p, then look at the rounded buys to move the SP up to suck buyers in. There is still a sell off happening. There is ZERO demand from the US... Z E R O, so please dont believe anybody posting otherwise.

San

All in defence of Bash, he is right in suggesting that you ping a question for the investor call. Whether the answer is accurate or acceptable is a different matter, but i would suggest you all submit questions and then paste them in here. If those questions are ignored then the board are definately hiding... Seems a good test to me. I would be asking about historical stuff like the free shares issued, but i just have to let that one go

San

My lad is swimming at that time so will try get an earphone in. However i have submitted the below

Can I ask why you agreed to part payment in VGold prior to any due diligence being conducted on it. Also accepting prior to any understanding on its potential volatility or future value projection?

San

What time is it on? Im at work and would be keen to join, although i dont hold any shares here

San

Bash im a bit of a dinosaur so i will always argue that Cash is king. If i was heading up VLRM i would've only taken full cash on first coupon payment. The impact on investing in something that hasn't passed due diligence yet has hammered the SP. A full cash payment would've seen the SP rise to 9p intraday trading (50% rise). I would've invested some and i imagine so would Golden (Ok that might be a stretch). The 3m cash is a big whack for a small fledgling company and the payment would've shown intent for future payments. This VGold payment has killed a level of QGP's legitimacy

San

So if the value is going through due dilligence, then why did VLRM accept partial payment of the coupon in it? They dont know the value of it yet and its stability

San

Not nice to see people lose their money. Whats the value of VGold?

San

Isnt it interesting how shares came in to stop it haemorrhaging below 4p... (40k and 50k). I would be careful here as somebody is managing this to get out in my opinion. 5p is the magic number. The spread is horrific

San

Just read the RNS and it looks painful. The worry is that the funding isnt there to cover the payment so they have agreed partial payment in vGOLD. If VLRM ask for a draw down against that 200m then how is that going to be paid? If the vGold was a symbol payment to show strength of the product then VLRM shouldve agreed in the second or third payment to receive payments in it. It was vital that VLRM got that full payment in cash to generate growth. If i was an LTH i would be going for the jugular with Gary. I think his interviews need to be played back to him.

San

When you post inaccuracy about the current Market and Market mechanics, its verging on dangerous. You need to stop PP1 until you have clearly understood how markets work. Your posts have clearly shown that you have no idea what is happening currently. Level 2, for anybody who is reading this forum for their research is showing ZERO activity in the US. Further to this there is no sign of any MM's loading up their stock on VLRM. The bid has not moved, they are not pushing a sell agenda and they certainly wont be doing it off the back of some sort of profit on sell on across the bond. Please get yourself level 2!

San

Yeah sells in the morning and then buys throughout the day.... Am i missing something here PP1????

San

Zero trades on the platform. No MM is absorbing sells to sell onto that platform as there is no demand. Also if the MM's wanted stock then the SP wouldnt be down right now. This isnt to say that they may not do this in the future to ensure they make their margin on either platform, assuming all the MM's are FINRA... Imagine they are

San

Huh? We've discussed this before PP1... This is also not correct

San

I can only see the first para as its behind a paywall but its littered with spelling and grammar mistakes. He does raise a valid point on LTH concern that payment is delayed, but as mentioned wouldnt be overly concerned at this point. Perhaps RNS after close?

San

Bash Understandable... Good luck. As i have always said, i have remained in contact with some LTH and want them to make money, even if that means some complete snakes linked to the board making money!

San

Bash some of PP1 posts need to be taken with a huge pinch of Salt also, especially some of the statements made on Market mechanics. Sometimes he needs to reign it in when it comes to stuff he has clearly taken from AI. Dont really know the validity of his specific VLRM / QGP posts, but will take your word on that

San

Yup it has been stated that it will be un USD so all fine, just was keen to get your take on vGOLD payment. I think, even with more info, its not good for VLRM

San