Member Info for willhi02

It is probably more a sign they have not started the due-diligence over anything else.

If VGOLD-CORE tokens are issued to fund the mining of unmined gold then it is still not clear to me who covers the $200mil worth of tokens given to VLRM, surely there is a black hold in funding the mining there and without it the gold can't be mined. Don't tell me GQP fill that hole because they could not even stump up $300k a couple of months ago.

Then why bother even announcing the blog just two weeks ago? It was totally unnecessary and looks shoddy. A company that changes course constantly but never reaches it's destination.

Issue 2 still not out, must be absolutely zero news. Why start something if you cannot even see it through two weeks? Pathetic.

No bed time reading blog for us then. Another self imposed schedule the company cannot keep to.

Is the TG back open yet?

Have we got the 300k cash yet?

Some big buys today in anticipation of the latest VLOG.

Anyone else excited to read issue 2 of the Vlog that is due today and will definitely be released on time?

$280million for 50% of a company with a market cap of £17mil.

And you want us to believe these are shrewd business people and master negotiators.

Ok PP1, lets suppose this is all above board. QGP are giving VLRM $279.5 million worth of VGOLD-CORE tokens. The funding generated from issuing these VGOLD-CORE tokens is what is meant to fund the mining operations. As these tokens are just being given to VLRM there is a ~280mil USD funding gap now in mining operations.

When VLRM are finally able to sell these tokens (once the gold is out the ground) this will represent a a loss to QGP that they could have gained by not issuing these tokens to VLRM. So what are QGP gaining? It cannot be VLRM Markets because VLRM have spent nowhere near this amount of money creating that product, so QGP could have built their own market and it isn't a client base because there is currently no proven data-set of monthly users for VLRM markets.

Can you not see that none of this adds up?

Where are the details of this proposition? Or have you have made it up?

VGOLD-CORE will trade at the same price as Tether Gold, neither offer a yield or dividend. The only difference is Tether Gold is already mined and out the ground, VGOLD-CORE is still in the mud. Tether gold trades on multiple exchanges and it very liquid, VGOLD-CORE will trade on VLRM markets where monthly user numbers and secondary market are an unknown. You are suggesting VGOLD-CORE have to be held for a set period of time while Tether gold can be traded as and when.

You are guessing.

But again, you are then saying they have to hold them for an unspecified amount of time until the gold is mined. You are asking them to assume all the risk and get little reward. You know what carries significantly less risk and does not require a minimum holding period and is incredibly liquid and trades at the same price as VGOLD-CORE? Tether Gold.

So you are asking IIs to pay the current spot price of unmined gold and to not be able to sell it until the gold is mined? What happens in the event the mining fails (this could happen for a host of reasons, especially in current world events)? So they assume all the risk, get none of the reward and are locked into an investment for an unspecified period of time. What you are pitching does not make any sense for an II and is unattractive. when they can buy Tether gold for the exact same price and be able to trade is in a liquid secondary market.

It isn't that it can't work, it can in theory. But in practice I don't see how it does. A secondary market is vital for this to succeed and I don't see how that is achieved with it only being listed on Vlrm markets.

For all the talk of attracting IIs by giving them "free" VGOLD-CORE tokens well those tokens need to be paid for by someone and the IIs will want to convert them to cash at some point. If I am an institutional investor on the secondary market why would I sign up to Vlrm markets to buy VGOLD-CORE when I can buy tether gold on multiple major established exchanges? Tether gold is tradable on multiple major exchanges, VGOLD-CORE is not. Tether gold is backed by gold already out of the ground and that can be converted for actual gold bullion when a certain threshold is met, VGOLD-CORE is backed by gold that is still in the ground yet they both trade at the same price. What is it about VGOLD -CORE that is attractive to an II that they cannot get from tether gold?

Without the liquidity of a secondary market IIs will not buy in the initial offering. If they do because they are being given many millions in "free" tokens then when the gold is out the ground and they are wanting to sell the tokens QGP will need to sell that gold and pay out those "free" tokens from their own profit. That's on top of having to pay VLRM many many millions in the freezer tokens given to them. Without the huge uptake in an initial offering then the funding is not in place to mine the gold and the whole operation folds.

I know how the secondary market works PP1 I have worked in the sector for decades. Your understanding of how this will work is totally wrong. The adjustment to the quarterly payment means the amount of tokens will change depending on gold price so the tokens we receive equal the same USD cash amount each quarter. With no liquid secondary market though these tokens mean absolutely nothing as they cannot be traded for cash.

have a good day.

PP1 what you are saying makes zero sense and from what I can see is totally made up. Nowhere does VLRM state this is how it is going to work so this is all just your own ramblings. At least Gav respects your posts - which is odd because he only deals in facts.

Done for the day here.

So how do VLRM sell their holding if there is no secondary market?

If you are really suggesting there is also a discount on the secondary market then you clearly do not understand how markets work. I'm sorry you have made this investment and have lost so much money, chin up.

Yes, you are saying that on the first issue. My question is why would someone buy on the secondary market? What makes this attractive on the secondary market to an II as opposed to Tether Gold which is already out the dirt?

So there are discounts on the secondary market to?

What way? Tether gold is also linked to the price of gold. You are making stuff up getting called out for it and so making more stuff up to cover the original lie.

Lets just imagine you are correct PP1 and the newly issued tokens are issued at a discount how does this generate a secondary market? What benefit does an II buying these tokens on the secondary market achieve that they do not get by buying Tether gold? VGOLD-CORE is gold that is still in the dirt but Tether Gold is actual gold bullion so what is the attraction of VGOLD-CORE over Tether Gold?

Either you are lying Gav or the company are lying by way of an official RNS - which is it?

"Here is my source - official company RNS dated 22nd April

"VGOLD-CORE is represented by the ERC-1404 security token, where each token is equivalent to 1 troy ounce at the prevailing LBMA spot price."