BPG 0.00% 0.9¢ byte power group limited

Ann: Half Yearly Report and Accounts, page-68

  1. 4,209 Posts.
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    I must say, I have some concerns about meeting April. We have heard nothing about the progress being made on the software, in particular, the amount of money/time being allocated to get the exchange up and running. I have been involved in a number of large tech developments that accept money (Westpac's teller system). That cost a lot of money, and I mean a lot. It also took a very long time. Ok, so not exactly comparing apples here but the issues around the collection, allocation and distribution of money has a number of permutations and combinations and do require significant technical work.
    The revised value of the soar coins (basically wiping 75% of the value of them in the Balance Sheet) does not auger well and if we are not successfull in court (which could take years) then the Balance Sheet is pretty sad.

    Anyway, as I have previously said, I have come to grips (albeit not happy) with a write off here but would be pleasantly surprised if I get my money back.

    Sorry for not so positive post everyone, just how I feel.
 
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