Member Info for willhi02

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."

so no discount then. You should read the RNSs before you post incorrect info Gav, it is important we deal with facts here, I am sure you will agree.

"at a discount on the spot price of gold." where is your source for this? I only deal in facts.

"Institutional investors buy VGOLDCORE tokens at a discount and to get extra gold for waiting, this will all be done in negotiations." - source for this? everything I have seen states price is linked explicitly to the spot price.

"For me, the yield will come from producing more and more gold." - is this in perpetuity? Does Vgold have a maturity date? If so what if the mining is not completed in that time? Investors lose their cash?

"VGOLDCORE confers no yield, dividends, profit participation, or governance rights." But Gav"I only deal in facts"iscon said earlier that VGOLDCORE II receive a yield.

As I have said loads of times, I do have a holding here as a hangover from the PCGE days. Your go to seems to be to tell anyone that questions this that they don't have a holding rather than present them with facts, not a great way to encourage those to invest.

When the company pivoted from rollercoaster video-cameras to crypto and tokenisation I thought it was a good idea. Having worked in the finance sector for decades the Gibraltar exchange acquisition and idea of tokenising shares in an entity looked like it could carry some weight and be successfully, starting small scale with the Gibraltar exchange and what sounded like interest from some Middle Eastern entities. It was an interesting idea and an idea that would attract retail investors.

That has now been ripped up and we are in the market of issuing high risk tokenised corporate bonds for Panamanian ride share companies which I don't believe will have a big pull for retail investors. I also don't see a great deal of expansion in the Fixed Income market as a whole but there could be some small business done here with Institutional investors but I don't think it will attract enough to make instruments liquid.

This whole deal with QGP however stinks to high heaven. We were promised a quarterly coupon in cash - they have failed to pay. We were promised a reduced amount of cash and tokens - the reduced amount of cash (300k USD) has still not been paid in full and we are now moving forward with receiving our coupon solely in VGOLD-CORE each quarter which nobody knows how are converted for cash and are therefore incredibly illiquid.

VGOLD-CORE is traded at the spot price for gold and does not carry any interest payment or yield.

Vgold tokens are the tokens that supposedly will pay a yield - who pays this yield to the holders?

Enjoy the ride Gav.

You said this

"Core is for II’s. This is where the money comes from to fund the extraction. The II can then fractionalise its holding, selling it to retail at a lower yield rate than they receive from the mine. QGP needs the regulated gateway to convert into a tradable, liquid, yield bearing currency. VLRM do the tokenisation and the II can then sell in smaller lots on other platforms."

Yes you are still wrong.

Good volume yesterday though.

VGOLD-CORE is only to be available to institutional investors and not retail so how does that work with VLRM market model?

How many monthly users does VLRM Markets have? this is important as it signals the liquidity of the tokens and thus the interest from investors.

"VGOLD-CORE will be sold on VLRM Markets" - where have you got this info from? VGOLD-CORE is only to be available to institutional investors and not retail so how does that work with VLRM market model?

How do VLRM sell their VGOLD-CORE tokens worth over 13mil USD each quarter? On VLRM Markets?

Do you still believe they can sell these tokens back to QGP at any time for cash?

Yes but is it a liquid secondary market? Also VGOLD-CORE will not be listed on VLRM markets so where is the secondary market here?

How do VLRM sell their VGOLD-CORE tokens that they are going to be given by QGP. The other week you said they can be sold back to QGP at any time for cash instantly, do you still hold this view?

"easier ways to trade than if they just bought a heavy metal gold bar." - there is no proven secondary market here so they look to be very very illiquid. Why would they not just opt for tether gold?

"So, why not pay 100% (the full price)?" - so why not just buy gold bullion then or a gold backed token like tether gold? Remember VGOLD-CORE does not pay interest.

They get interest? Do they? VGOLD-CORE is not the yield bearing token is it?

"Think of it like buying a gift card for gold that is still being dug up." - so like buying a gift card for a shop that hasn't opened yet and has not given an opening date. Why would an investor buy this token as opposed to a gold backed token where the gold is out the ground and it in storage?

How do they get institutional investors to pay the current price of gold for a token that is backed by gold that is still in the earth? Asking institutional investors to assume all the risk but get none of the reward. Tokens like Tether Gold are backed by actual gold bullion and so risk is all but eliminated. If something went t*ts up here you are backed by some sand.

"Nice little pick up" - bid still 3.00 - Spread sits at 50%. Yikes.

Here is the thing, the actual product that VLRM has, VLRM Markets, they are not pushing for users. How many accounts do they have onboarded? Where is the push to onboard retail investors? Why is all the focus on this QGP deal that is very very sus. It is clear that VLRM require massive amounts of funding in order to achieve their goals with VLRM markets which is why they have pushed on with this deal with QGP which is very very sus and now looks to call in to question the financing they require to push the actual product. VGOLD-CORE will be so illiquid that I can see no way that VLRM can flip the VGOLD-CORE tokens to actual cash. Because of this they will need more funding sooner rather than later and this will only come as dilution for current holders, that will send the share price lower. I don't think the SP will ever get near 20p ever again without consolidation and even that is a big ask. I think we'd be lucky to see double figures. I think the Wageen token will be an indicator of appetite for VLRM markets and results for that will not be out till end of July. The big risk there is that should Wageen fail to hit their revenue targets and thus default on the tokens first time users of VLRM Markets may turn their back never to return due to association.

The board should have stood their ground in demanding the $3.9mil and when the $300k was not delivered the shares and warrants should have been cancelled. This has destroyed any sentiment and when more bad news ultimately arises around the QGP deal the share price will be destroyed (not that it already is).

Are you taking part in the Wageen issuance PP1?

You see this is the kind of thing VLRM should be focussing on, corporate bonds, and it feeds in to Gary's experience on the corporate bond desk. I'd question the choice of company as reading the prospectus for Wageen I'd be concerned with their ability to pay the coupon and would deem it high risk but beggars can't be choosers and will be interesting to see what the total issuance is come the end of July.

this whole QGP deal is just putting investors off and I don't believe any Institutional Investor will be on board with it.

When did Wageen list on VLRM markets PP1? what time scale is imminently?

I'm not picking holes Bash, the holes are already there I am just pointing at them. I have done my research, can you tell me how VLRM convert their VGOLD-CORE tokens to fiat? Who do they sell to? PP1 thinks they can sell them back to QGP at any time, do you believe this to be true?

When did WAG1 list on VLRM markets PP1? what do you mean it hasn't yet?