IMO the rally that DCC had early this month was obviously in accordance with Bitcoin... however it seems DCC has taken advantage of that moment to raise money in hopes of a better VWAP... reading over this announcement looks like BAM could easily play a game and off load a heap of shares to gain instant profits...
The so called gold backed cyrpto has me more curious... implying if you want to cash in your tokens for literal gold bullion, well you can... as mentioned "all gold bullion tokens are vaulted and insured and investors who purchase Xgold tokens will be able to redeem those tokens for physical gold bullion. " ....
I would like to understand how this will be policed... if I want my tokens in the form of literal gold bullion are they going to post that to me?... Im very dubious at present reading this agreement and the Xgold token strategy... feels off to me... need to do some serious homework here... hopefully shareholders arnt getting played... feels like they just got played into the announced CR... watching this space with a dubious mind set.. will do some homework...
Not a big fan of this sector... but it does intrigue me, throw money at it for trading plays from time to time... when looking at such companies one has to ask the negative questions and look at the risks before committing... for me, something seems a little off beat here... hopefully im wrong...
obviously the market is not overly excited about this...
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4.0¢ |
Change
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 22000 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.0¢ | 306151 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 297242 | 0.037 |
4 | 431526 | 0.036 |
9 | 368999 | 0.035 |
3 | 25000 | 0.034 |
4 | 55303 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 306151 | 4 |
0.041 | 437200 | 4 |
0.042 | 17000 | 1 |
0.043 | 90109 | 3 |
0.044 | 97209 | 4 |
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