Member Info for Twenty-Four

Yes, I've seen continued marketing news. Did you read anything specific to the IPO? I'm assuming your great news is sarcasm, rather something your saw in print?

Someone should write to Nick Leeson

https://www.irishtimes.com/business/2023/03/22/former-rogue-trader-nick-leeson-reemerges-as-a-private-spy/

Be good if it was GCG information regarding a deal date, rather than Cloudtag.

Do we know if the merger completed, so that our SIM share holdings became Maximy shares?

A main listed shell is probably worth around £2 - 3m? Looking at FPP, which switched to a new RTO target of Hi Group. Always frustrating when you see that particular reorganistion might have a turn around time of around three months, in coming back to the market.

Keeping an open mind. Will await further news. Might do a small top up, at some point, if some funds free up .

Thanks.

Is there a link to the Telegram Group?

I'm thinking it must be something else, rather than funding that must be causing the delay?

Yes, invested. Just double checking that they do not need funds to complete purchase, which people are saying. £1.4 ish on salaries. 40% of GSX is £2.32m. They have been investing in other stuff, but that gives a balance of £3.72m, including the cash that was stated. Funding should be there? Wouldn't you agree, or have I missed something?

I'm just trying to look at what's in front and facts available. I did read the if. However, do we have any evidence that there are not enough funds in place to complete the purchase? £1.4m may've gone in salaries, so I will await the next accounts on that? £6m available to cover the requirements of any capital expenditure and operation cost. I am assuming unless anyone knows different that there is enough funding available to complete the purchase?

Nice reply K3NTY :-) As far as I can make out. Salaries might be high, but not totally unusual. It isn't a scam. Funding in place to complete the purchase, but this type unfortunately has the effect of driving down share price. People upset because dates put forward that have slipped by. Buying an exchange can't be straight forward. Many invested in the red and disappointed/frustrated with the time slipping by.

K3NTY had filtered you a while back.
"they have put a payment down to secure 50% of the GSX transaction. If vlrm own 50% are they receiving 50% of the GSX’s revenue? Not that I can see." RNS of 31/10/22 "Valereum Plc is pleased to announce that it has received consent from the
Gibraltar Financial Services Commission ("GFSC") to complete the acquisition of the Gibraltar Stock Exchange ("GSX"). " You don't start receiving any income until you complete the purchase, surely? Would apply to a house/flat that is rented out, that you might be purchasing.

Do we have any evidence that the company does not have the funding to complete the purchase of GSX?

Thanks.

Got it page 7 of Accounts ending 31/12/21. Thanks. Will await 2022 accounts! They have the finance to complete the GSX purchase for the 90% of the exchange, don't they?

Do you have a link to the accounts?

MrMeanMustard, "if RP and PYL hadn’t taken such large salaries". I'm trying to find any evidence of this and in general what their salaraies might be?

What salaries are RP and PYL taking? Is it documented anywhere?

17th October 2022 RNS
1) During the first half of 2022, the Company drew down £2.3m ($3m) from
the $10m drawdown facility announced in January 2022.

2) The Company has also issued 499,796 new ordinary shares of 0.1 pence
each following the receipt of conversion notice for $250,000 in March 2022.

3) The Company cash balance on 30(th) June 2022 was £656,405 (31(st)
December 2021: £1,432,377). In additional to the cash balance in the bank,
the Company has overdraft/bridge loan facilities of £6m available to cover
the requirements of any capital expenditure and operation cost. Previously
this facility had been stated on both sides of the balance sheet. This
re-statement does not have any impact on our Profit and Loss or the net
balance sheet position.