Maybe but I think there is more scrutiny going on than just...

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carnabombers

4,375 Posts.

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05/06/19

14:18

Post #: 38921116
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Originally posted by msn81: ↑

Hey Carna,

I'm in no means trying to defend BPG here, nor trying to score a thumbs up from CT, but I think (guess) that BPG are probably under scrutiny from ASX around compliance, which is preventing them from a civilly promoting themselves as a cryptocurrency exchange business.

Given their advertising, marketing and social media is almost non existent, I ask myself why they are not all over Twitter, Facebook, Google Plus etc pumping and promoting the exchange??

IMO it comes back to the ASX listing rule 11.2 "Significant Change in Business Activities", where shareholders never voted to change BPG's direction from wine and power solutions to crypto. They probably need a prospectus to start with, then call an EGM etc.... but BPG just went ahead without this. Until this happens, I think we're stuck with a wine and power company and no official mention/promo of the exchange.

In the BPX Telegram group, most new members joining seem to be Asian/Malaysian (?)... I believe this is due to BPX only getting out through word of mouth.

Hence why the slow uptake.

All above is just my opinion only, there's been failings on BPG part too, but I think there's more changes l challenges than just cash and poor management IMO.

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Maybe but I think there is more scrutiny going on than just change of business activity. I invested in another company that changed direction from minerals to sand and that took about 4-6 months to smooth over. How long has BPG been out of action?

Also, BPG can't re-list now because it is technically insolvent. Actually, I'm amazed that the directors can still trade because of this.

It's a mess

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