BPG 0.00% 0.9¢ byte power group limited

Ann: Update on legal action against Soar Labs Pte Ltd, page-57

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 22 Posts.
    lightbulb Created with Sketch. 5
    The trade off would be:

    BPG gains
    +1.7 million usd equivalent
    +5 million Soarcoin (155,000usd based on coinmarketcap price)
    +49% BPPL shares

    Soar Labs gains
    +208 million Soarcoin (Including Alvin Phua coins)
    (6,448,000 usd based on coinmarketcap price)

    Just sharing my opinion, I feel that the future revenue of the exchange was the main factor that made BPG management to choose usd equivalent and letting the kids from Soar Labs off so lightly instead of demanding for more Soarcoins back into our books.

    1.7 million usd equivalent would ensure enough liquidity for setting up the exchange and BPG can choose to sell a portion of the recovered 49% BPPL shares to investors.

    The management and our fellow SH would not have to worry about the price volatility and volume of Soarcoin anymore as well.

    Overall its a gamble based on the upcoming exchange potential revenue vs the potential price growth of Soarcoin which the management have no control over.

    Cheers!
 
watchlist Created with Sketch. Add BPG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.