Ann: Soar Labs settlement update, page-12

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carnabombers

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15/07/19

11:26

Post #: 39521674
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Originally posted by msn81: ↑

Yup, tend to agree.
Their intentions will become clear very soon, and $25K that they haven't got (Annual Listing Fees) seems like a waste.... what do BPG get if they stay listed on the ASX?

1. They need to provide monthly reporting.
2. They will delist in December automatically (unless they can remove the suspension before then) = 6 months of the listing fees wasted.
3. The status of being an 'ASX listed company'.

Point 3 there seems to have done little to help promote their BPX exchange to crypto punters, showing it's not as lucrative as they anticipated.

Further, should any other company be looking to buy out a crypto exchange and list on the ASX, BPG with BPX would probably not be the first choice given the market cap of $27m at last listed price. $27m could get you a lot more than BPG IMO.

If I were in a position to buy out BPG, being a listed company (and suspended) I'd offer may be a couple of mil, meaning my valuation of what the SP should be = 0.00067

All IMO.

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A couple of Mill. Gee MSN, you are generous. It's worth nothing. They have serious debt and I doubt their receivables are collectable. Probably an accounting trick like their published balance sheet was over a year ago.
I think it would be cheaper and less complicated for a greenfields operation rather than a takeover.

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