Just a reminder to holders of pending news , they just need to sell it .
The company has a strong cash and digital asset position during the quarter, owing to a capital raise of A$3.75 million. At the end of the quarter, the company had total of around US$10.5 million in cash, listed digital assets and liquid unlisted investments.
The company continued its business of providing advisory services during the quarter but did not receive any new advisory engagements for the period. The company has been an advisor to Bullion Asset Management Pte Ltd on the launch of its gold backed stablecoin, xbullion. Under the asset management division, the company is planning to launch a range of new products.
The company seems to have a stable foundation for executing its growth strategy, provided its strong balance sheet position and an experienced legal and corporate governance.
The website www.xbullion.io is now live and the trading portal is over 90% complete with an international roadshow by xbullion scheduled for August prior to the official launch.
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