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Ann: Cryptocurrency exchange update, page-61

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2,739 Posts.

171

23/07/18

09:03

Post #: 34511562
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Originally posted by carnabombers ↑

So far

1. Bpg lose over $14m on value of soarcoin. Accounts had value of $21m. Settled on $7m, most of which went to director
2. Breakdown with soar labs, the initial programmers
3. Huge dilution of shares by bonus of 830m shares to directors.
4. Asx refers company to ASIC. This is not usual
5. Promise of delivery of exchange by 30 April - still waiting.
Ok, so Austrac approval. This just means that the system has the required reports to identify suspicious transactions.
Can anyone give me 1 positive point other than Austrac. Does anyone know exactly where the system is at in its project life cycle?
Gekko, you seem to know because you say I am negative and you say Bpg are going the right thing. Really? Tell me what have they done right.?And quite frankly, I only disclose facts. Unfortunately in this case, there aren't too many good facts. And I'll call them out every day of the week.

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Just before suspension all good things seem to have 'went to directors" you got that bit right, lifestyle managers, personally I don't hold to much hope for my investment on this one.

BPG Price at posting: 0.9¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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