Superhero / Swyftx, page-5

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06/12/22

00:49

Post #: 65165388
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Originally posted by danbradster: ↑

I'm unable to read the article. Pay wall.
Not sure why they'd be paying a dividend while firing and trying to raise capital. Maybe the dividend was some months back?

I found their explanation about interest to be confusing.

Swyftx holding 15% of the crypto in their own controlled wallets plus 85% as receivables, eg. Held by binance for Swyftx customers?
Maybe 20% in high risk interest arrangements at EOFY, but only 1.4% now, since FTX?

Meaning, if something else goes belly up, maybe only 0.5% of their clients get done over, so less reason for government intervention (ASIC).

This is their second round of firings. What does that mean for superhero and their merger...

Expand

I assume the deal goes ahead because Swyftx is relatively profitable. I had no idea how they're so profitable. They were complete morons to buy Superhero rather than Selfwealth. Must mean Coinspot is absolutely milking it given how outrageous their crypto spreads are.

Tempted to get back into Selfwealth eventually but there is a lot of value out there I'm seeking.

SWF Price at posting: 20.0¢ Sentiment: None Disclosure: Held
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Superhero / Swyftx, page-5

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