Member Info for willhi02

This dilution of shares is minimal but the funding agreement we have allows the syndicate to convert another 5,497,756 whenever they wish.

I'd think the syndicate are going to sell these 499,796 shares pretty quickly and turn a quick profit of 25 grand on a 12th of what they have lent. Obviously the amount we know owe is reduced to 2.75milUSD but I don't think we have any intention of paying that sum back as cash anyway and I expect the full 5,497,756 will be converted at some point over time, which is a much bigger dilution.

Hopefully the share price is at a level where the dilution does not bother us much.

"Valereum like a late RNS on Friday"

of the last 23 RNS only one has been on a Friday.

I think it is worth remembering the just over two months ago the company was able to raise 1mil GBP at a premium on the the share price (70p). Since then we have had news of Patrick Young joining the board. It is clear the fund raise was the build the Bridge platform and Patrick has been bought in to assist with that and the regulatory side of things. It would be nonsensical and very short term-ism to launch The Bridge before it was fully ready and of course it was, and is, always going to take time to build the platform. People are looking to make a quick buck but this has never been a ready made product and so it will take time.

In regards to the OTC listing it is frustrating to see no progress but I'd take a guess this has been stalled at the companies request as it will be a lot more beneficial to the share if they launch OTC a round the same time The Bridge is ready to launch as this will generate press and a lot more interest.

I would imagine we are still a few months off yet from seeing The Bridge be anywhere near ready.

Big buy of 180,000 shares there. Not punt money that.

Some people (not me) believe that the market makers send certain codes to one another by way of trading certain size. One share being traded is meant to mean news is imminent, some people even believe the direction matters, so a buy is positive news and a sell is negative news. I am yet to ever see it be true and materialise however.

Increasing volume and some nice clunky buys going through, is OTC news about to drop this week?

(Buy of 1 share there for those that believe that kind of code)

Frustrating Podcast. Patrick comes across well and is clearly very knowledgeable in this field but the questions being asked on the whole did not offer much insight. No question about OTC, no question about how this generates revenue, no follow up question on if more funding will be required if this is indeed going to be a while off being launched as Patrick alluded to.

That being said I am confident we are in good hands with Patrick, he comes across very well.

I think the point that is being made djm1 is that new investors may look on boards such as this and see a lack of conversation compared to what other boards have, and indeed what this board had a couple months ago, and be put off investing as it appears to show a lack of enthusiasm. This may deter would be investors and therefore the share price. It is a point I agree with.

But go ahead and shout Tebbin down.

This would be terrible. It would show that the directors did a placing last week not knowing that they needed in fact to raise more money. Another placing any point in the next two months would be totally wrong and is not going to happen.

My guess is he is there to complete some paperwork and legals to move a chunk of his holding into the tradeable tokens.

Something I think missed by a lot of people in last weeks RNS was that 300,000 shares were issued to creditors to settle existing liabilities. I don't think these creditors were ever going to sit on the shares and likely to sell them off in batches since Friday. I think that is likely who was selling the 10,000 lots this morning and will probably continue to do so until their holding has hit 0 but obviously this has spooked other investors who have also sold.

The individual(s) who stumped up the 1 million quid at 70p share however will be fully expecting a healthy return, or why would they part with so much cash for just 2.1% of the company.

He may not feel the need to release an RNS stating that if there is another RNS imminent. I can't imagine he is overly concerned with the SP currently anyway, he's just raised a million quids worth at 70p a share, and while whoever it is that has put up that cash for them shares may well be asking a few questions I feel they put that money in after being privvy to some incoming news.

Again, I think the placing should be the focus here as opposed to all the goings on the last week. just over 2% of the company is about to be sold for £1mil. An investment of that amount of money doesn't just occur with no insight as to near term plans. To think that RP is offloading his holding while being able to lure someone to invest 1mil at 70p a share makes no sense and would leave him open to a potential legal proceedings if he has misled an investor.

Time to just sit back, calm down and see what news flow occurs the next two weeks.

This board needs to calm down now.

I think they key thing to focus on is the £1mil raised. From being here during PCGE days I have my reservations about Poulden, and I am cautious about VLRM and have already set my sell price, probably lower than what others have. But what I would say is that the placing was done at 70p, placings done when this was PCGE were done at a big discount and were sold into the market almost instantly which decimated the share price. The fact that the cash raise was done at 70p with warrants at 80p tells me that the individual(s) who stumped up that cash expect a return and it was not done by RP to help make his mates a quick buck.

Take the rest of the evening off wtfamidoin

This morning was always going to see a big drop given what was being flung on here yesterday evening. We dropped heavily but in all that there have been some sizeable buys and the share price has risen back to mid 50s, As yesterday and this morning is forgotten and coupled with 1 million quids worth of shares being purchased on Friday at 70p/share I expect this to slowly climb back to mid 60s by the middle of next week.

Going forward lets try and keep this board for discussing progress and actual relevant news or expected news flow. The competition to see who had the closes share price at the end of the month was/is ridiculous and attracted those who could state sky high figures based on little and convince others of riches that was never going to happen.

We are at a fair value currently, OTC listing when it hurts should see us move up a little further as we see more demand from the US market, although this won't be mega at first. The real news is the launch of the Bridge and the tokens. If we can get another company on board to trade their shares on the platform then that will be big news.

Friday 25th June - Peterhouse Capital were the Investment bank used for the raise.

The theory that this is a pump and dump would have a lot more weight to it if someone wasn't about to hand over a million quid for shares that are to be issued on Friday at 70p a share.

Yes there are people on here who have pumped this share and given ridiculous price predictions and told tall tales. I think all that has done is given people false impressions of the company and false aspirations and price targets and those people are now selling in a panic given BlackX posts yesterday which is adding to the downward pressure on the price.

One thing I would say is that if Lenigas is the investor that has put up the 1mil for the placing then why would he not sell some of his existing holding in order to fund that? He could be keeping his holding the same by selling off a large chunk of his existing holding. This would also allow him to put buying pressure on the price and keep it below 80 before forcing his hand into paying for warrants before he wants to/is ready to.

Just a thought.

Just remember to pay out the £500 bet you made.