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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
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?
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
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
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