Richard Poulden’s Valereum Blockchain (VLRM) first applied for permission to buy the Gibraltar Stock Exchange on 25 October 2021. Today it says that Gib’s equivalent of the FCA, the FSC has cleared the deal. But has it?
Richard Poulden’s cash guzzling car crash of a company, Valereum Blockchain (VLRM) yesterday tried to reassure investors with a statement regarding its proposed purchase of the Gibraltar Stock Exchange. But the statement begs more questions than it answers. Valereum says
On 14 October Richard Poulden’s Valereum Blockchain (VLRM) the cash guzzling POS ramped by David Lenigas announced that it had switched Aquis adviser from Peterhouse (credible) to First Sentinel (er…). Poulden presented this as a triumph tweeting, disingenuously,:
Over on twitter Richard Poulden and his fellow Australian hustler, the shameless penny share ramper David Lenigas, are claiming that Valereum Blockchain (VLRM) changing adviser is good news. Whatever….Back on planet earth.
I have written to Aquis Regulation, ccing in the Financial Reporting Council, if Aquis needs some help with basic accountancy, on the subject of interims from Richard Poulden’s Valereum Blockchain (VLRM). These numbers need to be restated with Poulden deserving a public slap on the wrists.
Natch the announcement that the Richard Poulden/ Dave Lenigas sham that is Valereum Blockchain (VLRM) has signed up a new strategic advisor was signed off by corporate advisor Peterhouse but it is the directors who took responsibility and they should be ashamed. Here’s why.
Yesterday I flagged up the laughable interims from the Richard Poulden/David Lenigas/Zak Mir ramp Valereum (VLRM) in which the company claimed that a £6 million overdraft facility was a current asset. I know that both Poulden and Mir were keen supporters of the bogus cult of Modern Monetary Theory so maybe that is where this all comes from: rather than printing money, Poulden is printing assets. I blamed Ms Heena Karani and advisors Peterhouse for allowing this novel, and wholly bogus, new development in accounting to be published. I was wrong and offer my apologies to Ms. Karani and to Peterhouse. Well sort of.
