BPG gains
+1.7 million usd equivalent
+5 million Soarcoin (155,000usd based on coinmarketcap price)
+49% BPPL shares
Soar Labs gains
+208 million Soarcoin (Including Alvin Phua coins)
(6,448,000 usd based on coinmarketcap price)
Just sharing my opinion, I feel that the future revenue of the exchange was the main factor that made BPG management to choose usd equivalent and letting the kids from Soar Labs off so lightly instead of demanding for more Soarcoins back into our books.
1.7 million usd equivalent would ensure enough liquidity for setting up the exchange and BPG can choose to sell a portion of the recovered 49% BPPL shares to investors.
The management and our fellow SH would not have to worry about the price volatility and volume of Soarcoin anymore as well.
Overall its a gamble based on the upcoming exchange potential revenue vs the potential price growth of Soarcoin which the management have no control over.
Cheers!
BPG Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held