Access to AGM voting documents, page-23

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villn808

569 Posts.

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14/12/17

22:47

Post #: 29644019
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Originally posted by msn81 ↑

Agree Villn that if this gets up, which we assume it will, then the SP will take a short-term hit. By no means down-ramping here - Right Now I'd advise mates to wait and see what happens after the AGM before buying into BPG tomorrow.

But then, we got to come back to fundamentals:
The current BPG Market Cap based on 2.2 Bil outstand shares is:
$15.4M @0.007c
$17.6M @0.008c

If we round it to 3bil shares outstanding (once the 830 mil is issued) and keep those Market Cap values the SP would be:
0.0058 - $17.6M
0.0051 - $15.4M

So assume fluctuating around the 0.005-6 levels for now.

But then, ask yourself how much would you value this company once it is operating a fully functional Australian Crypto Currency Exchange with a user friendly App and offering loads of coins. etc.

Imagine if they better any current Aussie Crypto Exchanges with the exchange rates AND fees; you'd pretty much monopolise the Aussie Market - I'd value the company at a few hundred mil once this is up and running (c. 4-6 months) IMO.

Lets assume 150mil, with 3bil shares outstanding, the SP would 0.05c - 10 bags from the lower diluted price. If we go for a bit higher, say 300 mil, we'd be in for 10c/share = 20 bags from the diluted price.

Obviously I hope we achieve that, if not get close to. My only current concern is that BPG take longer to get this operational - speed is of the essence here - I hope we see this functional /live by the end of Q1 2018 and fully functional (APP / more coins etc) by Q2. It just may take me a bit longer than what I hope to get my 10-20 bags here - it's an agressive timeline IMO, but not un-achievable.

I'm planning to keep hold of my parcel and ride this out.

All IMO.

Cheers
MSN

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Appreciate your posts.

Would be wonderful if all pans out just like that. I’m not as confident as you but I’ll leave it there. Nothing anyone can do now.

BPG Price at posting: 0.8¢ Sentiment: Hold Disclosure: Held
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