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18.0¢ abarta resources limited

whatever one speculates yours is equal speculation and...

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HoganHound

1,422 Posts.

94

08/12/21

22:11

Post #: 58172889
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Originally posted by frontline1999: ↑

You completely contradict yourself. Is it:

A - The company and Yat don't give a toss about smaller shareholders, which is why they only provide financials to instos and their mates.
or
B - The company and Yat have let down smaller shareholders through their poor communication, but are seeking to rectify this.

The company has dropped the ball when it comes to shareholder updates, yet you choose to spread misinformation that shareholders shouldn't expect to receive financial updates from an unlisted company. The major shareholders will get face-to-face time and more detailed info (and rightly so IMO), but that shouldn't mean that all the other shareholders should be completely ignored.

Animoca has 500 employees, we are not talking about a startup with a handful of employees where an angel investor might have to show them how to produce the type of financial data that you expect to see.

Animoca has gone to the trouble of collating financial reports and shared them with the select few. The issue is that they refuse to share them with all holders. It is not a lack of skills, manpower, time pressures or other priorities. The info is there, but Yat has made the call not to send it to all holders.

To lay the blame at shareholders (accusing them of wanting management to hold their hands), reveals a lot about you and your ridiculous ideas about unlisted companies.

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whatever one speculates yours is equal speculation and assumptions but look what popped into our inbox lol

Key highlights of the unaudited financial information for the period ended 30 September 2021Operating NumbersBookings (a non-IFRS measure) for the 9 months ended 30 September 2021 of A$184.4 million (approx. US$140 million) Other income, which includes gains on investments and digital assets, accounted for A$697.6 million (approx. US$529.6 million)Cash balance of A$49.9 million (approx. US$35.9 million) and A$155.7 million (approx. US$112.1 million) of digital assets in the form of BTC, ETH, USDC, BUSD, BNB, USDT Other liquid digital assets include third-party token holdings of A$633.2 million (approx. US$456.3 million) which include AXS, FLOW, and other tokens Value of other listed digital assets (based on mark to market, not IFRS standards) as at 30 September 2021The reserves of the Company's digital assets were A$4.13 billion (US$2.9 billion), based on CoinMarketCap dataThese reserves include the Animoca Brands tokens SAND, REVV, TOWER, GMEE, and LMT

AB1 Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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