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Following research which didn’t use AI but did require tea, here's what may happen next.

Valereum will announce that they have verified that gold is valuable (if QGP were to have some). They will conclude the QGP fairy dust reserves audited and find they do have access to billions of ounces of dust. They believe this dust to be fairy-derived. But it may be just dust. But billions.

They will then conclude that the deal is no longer what they said it was, but may not point out that this means it is what it obviously was all along - given the 2-person QGP was set up just months before this deal (being the only published activity they have ever done).

Encouragingly, they may also inform investors that the independent audit only cost £200k. While highly complex (involving staring at the ground and occasionally kicking it), it may also turn out that a company owned by Garys dog had just the required expertise to complete it for this bargain sum.

Small correction to what Peoplepower1 (he's back!) wrote - The QGP audit may take up to 6 months because it is extremely difficult to audit fairy dust.

I suspect so many are down 90% plus that most think 'Well, I can't sell, I have to hope (against all odds) this will turn around. Which basically means Valereum BOD can keep placing and/or selling their basically-free warrants and continue to make money almost all the way to the share price hitting zero.

Someone saying in one of the many Valereum telegram groups that Valereum makes up 90% of their investments and that they are £200k down. I doubt they are alone… I suspect many who got involved with this put most of their savings/pension into this dog. The BOD should be ashamed.

‘An international accounting firm’ which will turn out to be owned by another member of Gary’s family or a connected party where we will never discover the real controlling interest. More cash extracted in fees but ‘oh dear, it didn’t pass due diligence’ so the deal is off. but fear not, we have a new shiny thing to distract you with.

@bashm you believe in Valereum even if I can’t fathom how given the facts. But I get that you do, maybe because you can’t really afford not to as that would be pretty painful. But I can’t believe you genuinely think there are really billions of assets to verify. There just aren’t.

RNSing every blog post tell you a lot about how little there is to say of actual value.

No point getting into big back and forth @BashM , we are not going to agree. You can respond to anything, that doesn't mean the points raised have been addressed. And in responding to each in isolation, you miss the big picture that you get when looking at them all as a whole.

But briefly:

1. Shares in issue - AI (copilot assessment that I previously posted) - Is Valereum’s share count unusual? Yes, extremely. It is one of the highest on Aquis. Is the share count justified by revenue? No — not even close. Revenue is so low that the share count looks disproportionate by any conventional metric.

2. No revenue, your answer is more time. I'd highlight no operating revenue and zero consistency and some dodgy reporting of past revenues which were not and that they had to correct.

3. BOD extracting millions. Read the accounts. And look at basically free shares. They off load any of those and it's all profit, and it soon adds up. Nothing illegal, but while most TG private investors are down 90%, the BOD are up considerably.

4. QGP yes, and DMC before them. SPC is different, the actual company QGP was set up for this deal, not the SPC. And it’s a company of two people with no history of ever, ever doing any deals with anyone but Valereum. Again. EVER. Nothing. Ziltch. And then the deal turns from money into worthless Vgold. Not at all concerning.

I haven't said scam. Whatever the language, put all of those things together and you get a clear picture of a company that is run specifically to enrich the BOD at the expense of private investors.

@BashM I'm going to take your question as genuine and give a very brief answer to: "So where is the scam? Explain please?"

If you saw all of the following things, would you consider that a genuine and normal way most businesses run and grow, and in doing so create shareholder value? Whether you want to use the term 'scam' or not (it does suggest illegal - and care seems to have been taken to ensure this likely isn't). Regardless, scams can be within the law when you are talking about very lightly regulated exchanges and people willing to push to the very boundaries of legality, but are happy ignore morality.

1. A company with a share issue WAY above normal levels and who keep diluting the share, giving themselves free of heavily discounted shares.

2. A company that doesn't have any revenue, and never has meaningfully, but makes bold (but always changing) claims about transforming an entire industry.

3. A company where there are basically no employees beyond the BOD, who are doing very well in salary and shares despite a complete lack of any revenue. Millions have been extracted by the BOD over the past years, per the accounts. Millions that have come from private investors who go into this via a telegram group largely.

4. A company that endlessly release impressive sounding MOUs but never give progress update on any of them, and none of them ever turn to revenue.

5. I company that has a history of agreeing deals with newly established companies, seemingly set up for the sole purpose of the deal.

6. I company that gives shares to family members, who just happen to have companies that do the thing that valereum need, but don't have any other business.

7. A company that communicates with private investors in a closed telegram group which shamelessly ramps the share, encourages people to average down, kicks out anyone who raises legitimate concerns, calls anyone who doesn't agree a 'hater' etc. (well, they did until recently, closing that group with no explanation).

Do all of the above look 'fine' to you? If so? Keep buying more shares although you may as well just get the BOD bank details and directly give them your money.

49.8% of nothing is nothing unfortunately.

Right now, QGP have not paid a penny. They got paid about £100k for the deal and to provide the $200m guaranteed notes with its guaranteed perpetual interest that turned out to be…. Not guaranteed. Reminder… 2 person company set up just before the Valareum deal and no record of them doing anything separate to Valereum. Why would anyone believe they are genuine or have any funds given they have already shown they don’t.

100% i believe the QGP deal won’t come good. Anyone looking rationally at this would conclude the same…. They were set up only for the purpose of this deal with Valereum. They have never done any business outside of Valereum. Vgold isn’t a viable tradable thing and isn’t meant to be. It exists just as the next exciting thing to pump Valereum.

Two options given below:

1) Sell at a loss recover some capital

(2) Hold and potentially be rewarded

There is a third and most likely…. Hold and potentially lose everything you invested.

Not a nice choice to make and I get why people who are 90%+ down think they may as well hold, even if logically it doesn’t make sense.

@THECIRCUS it is good that you realise how bad the situation is and I hope you haven't lost more than you can afford to lose in those two years (pleny of people have way over invested from what I've seen). Unfortunately, there is zero chance of the accountability, transparency, and meaningful change you hope for. This company has only even been set up to do one thing, and it has done it very successfully. It is a money making venture for its BOD and their connections and family. Pivot after pivot, they have extracted huge amounts of money that investors have put into this. They will continue to do so as long as they can. It seems quite possible that if AQUIS have indeed clamped down on companies pumping as someone reported here (seems a very feasible explanation on why so little effort is now going into ramping now as well as closure of the Telegram group) then they are almost out of runway. The accounts will likely be brutal. Looking at todays low volume of trades, it is depressing to see most are very small value buys, suggesting individuals continue to put more money into this. Averaging down doesn't work if the ship is sinking.

@BashM why you posting? Like VLRM, buy more quietly and watch your holding drop to zero value. bye bye! (It’s not a very helpful post is it? I won’t copy you again if you promise to be just a little more thoughtful in what you write).

Always with Valereum there are ‘conversations’ about massive deals and encouraging MoU’s. But they never result in anything concrete or any revenue. I’ve had conversations about winning the lottery but it’s not actually going to happen. BashM good that you make no secret of the fact you’d like vgold tokens converted to something that actually has monetary value. Very sensible.

30% spread and a hi risk of being 50%+ spread like last week. No trading and no volume. This is living on fumes now. Still a few tops ups from those driven by hopium.

BashM why is the new blog so much better than the old investor hub if you think it’s such a great initiative? If the BOD RNS a chance of font on the homepage next week, will you be equally impressed?

They RNS that they are.... publishing a blog. Wow. Breakthrough stuff. Hilarious that they state the blog is only their investors- most companies focus blogs on... you know customers and prospects. Big numbers mentioned (LTH get very excited when they see those) even if they are careful to point out you should ignore everything they write when it comes to investment, as none of it has material impact! I can totally see how the proposed partnership with an 'estimation of value' of over $100billion wouldn't be material to a company that currently has no customers or operating revenue.

LTH ‘When you invest in a share you check the fundamentals and question/understand the decisions the boards makes . You don’t go blindly along if they are making bad decisions as you are protecting your investment . Selling at 3.5 p when most people have a lot higher averages doesn’t make sense’.

Understandable ‘sunk cost fallacy ‘ logic that is wrong if it results in holding out in blind hope for a turnaround that never comes and means your shares end up worthless. A horrible situation to be in.

Typo…. 67%