Ann: Cryptocurrency exchange update, page-56

I read the mod’d post with the warning at the start. I was getting ready to hit the ignore button, but it was a bit out of character for Gekko; it wasn’t full of completely trashy expletives, just one or two. There was even some constructive opinion towards the end. Oh well.

Normally I just ignore the destructive mudslinging between you guys, but as I was called out personally there, I’ll take the time to respond.

Firstly, in response to ‘give it up with the 830m shares’ – I totally agree, I know we’ll not see those returned. Did one read my proposal? I’ve politely asked management if we - the SH, can help promote BPX, (and in turn, increase the share price of BPG), could we also benefit from additional shares if the SP hits VWAP targets. Further – if management would consider allocating shareholders additional shares from a portion of this 830m. Triple whammy – restores some good faith in management about this issue, gives incentive to SH to not dump on open, and also BPG would receive free positive promotion across social networks etc. Ultimately, us SH are on the same side as management – we want the BPG SP to increase.

I agree – the market had time to react to the 830m shares as we knew it was coming. But as I said – it’s not us retailers the market needs to worry about – it’s those 830m shares. Suddenly the registry grew by 27% - but the market hasn’t seen (been able to see) what impact those additional 830m can have. What if they got dumped on market/open – not a single soul here would be happy to see the SP tank, not because of retailers, but the management’s own board. Heck, forget returning the shares – put them in escrow so management can’t touch them for a year. Give us some assurance the dilution won’t impact my hard earned holding. BPX tokens is, perhaps, a way management could restore faith or at least take that sour taste out of our mouths.

Lastly on this, it is our job as SH to keep the board accountable for their actions. That’s the whole point of ‘public listing’ – SH own the company, not management. Therefore, it is our job to call the board up on bad decisions. That is exactly what disgruntled SH are doing here, on a public forum. Good for the internet - 20 years ago you’d have to attend AGMs as your opportunity to network with fellow SH. You didn’t get similar opportunities as you do here, so yes, the Board need to do their job and we need to do ours.

@carnabombers; actions speak louder than words – so good on you for not sitting on your hands and actually pursuing different avenues and getting involved with this stock, and thanks for your hard work and keeping the community up to date here. I sometimes feel you’re a bit too negative in your commentary, but I totally appreciate the effort you put in. Top job mate.

In general, this forum has remained constructive; I’ve seen other vile forums where 3/4 posts are moderated as SH turn on each other. There is nothing healthy in that. However, here there seems to be 3 camps of ‘intent’ emerging; overly bullish, dump on open, or undisclosed/wait and see. IMO the overly bullish guys commentary is provoking negative remarks. Who in their right mind is seriously building a ‘war chest’ to buy up all the cheapies getting dumped on open? This ain’t no war. And no one here is interested how big your, ahem, chest is.

Those that state they will dump on open – fair play, however IMO you should be smart - consider what impact such comments will have on the SP. I know we’re minnows by comparison, but if you want the best price for what you’re dumping on open you don’t want to influence others to think about doing, and do the same. Of course pump and dumps happen, I’m not suggesting that you pump this stock – just be mindful about how many other people are reading what you say.

Anyway guys – as you’ve already stated your intent, why not come to an agreeable price between yourselves and do an off-market transfer. Some smart guys can work out how to do it, put it in escrow or something. That way we can stop the bickering, those who want out can get on with their lives, those intending to buy can agree a good deal now, and hopefully the SP won’t tank given the lack of dumping on open. Everyone’s happy.

Cheers
MSN