Your comments have zero credibility. Just because you typically speculate in penny dreadfuls doesn't mean that all companies have such poor track records. Good companies keep their investor base informed because it's good business. Business 101.
The best companies recognise that the onus is on them to educate their investor base - if they can cultivate a loyal investor base then that bodes well for everyone.
Animoca being listed or unlisted has absolutely nothing to do with how they choose to communicate to investors. There is no expectation that Animoca should ever publicly reveal financial performance, but there is an expectation that they communicate results to shareholders. If you understood venture capitalism, you'd realise that the trade-off is nothing to do with transparency. The trade-offs revolve around liquidity and exit timeframes.
The funds who have just got in accept that their money could be tied-up for up to a decade (on average) and they accept it is high risk. For us "serfs", the risk is amplified because we cannot even track the real performance of the business. Instead, we piece together what little info we get from third parties. Even the AFR gets told more than us serfs!
It is completely unfounded to assert that unlisted public companies mostly "have poor reporting and will really only tell if you ask". You are implying that an investor should not expect to be informed of how their investment is performing. Do you realise how stupid that sounds? It wouldn't be so bad if they told us when we asked, but as Scott321 mentioned, the company are dismissive. You'd have more chance getting blood from a stone.
No offense but your comments come across as if you've never invested in a $1b+ company. The bigger the company, the bigger the expectations. As a company grows, it grows its IRs, HR, finance team, administrative staff etc. The truth is that Animoca are failing to meet some basic expectations. They are a poorly run company and there are some great posts that illustrate that Animoca are failing to perform their legal duties. This is not hearsay or downramping, but stating facts.
You keep referring to Animoca's amazing track record, but you don't have any evidence to back this up beyond assuming that it must be so because of the new institutions that have came onboard. When WeWork raise more money from fundies, does that mean that it must be an incredible investment? It may be your approach, but i'd rather not be one of the lemmings dropping off the cliff edge.
You like to mention that you've met Yat on a few occasions and that you've got a 7 figure holding in Animoca, so why not give him a call or drop him an email to request an update on behalf of the HC serfs? According to you, delisted companies will only disclose info when asked.
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