I think the soar coins belong to BPG as it is shown as an asset in the Balance Sheet and there is no corresponding liability. The key issue that I have is whether the coins can be converted to cash (quickly). If the coins are not convertible easily then they will need to be disclosed differently in the Balance Sheet with maybe even a write down provision. That will put the financials under some pressure. Anyway, be interesting to read the forthcoming announcements. I have effectively written off these shares in my portfolio. I will be happy to get my money back but do not hold out much hope. The product concept is great but I really do not have one bit of faith in this management group. Sorry guys, thats my view based on events so far. You never know, a miracle might happen.
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