Veloce partners with NFT and blockchain gaming conglomerate Animoca Brands, page-38

Its most likely thatsomebody is attempting a pump to offload some shares.

Yes, NFTs are red hotat the moment and Animoca has done exceptionally well at crafting an image as “theleader in blockchain gaming”, but they are still failing miserably at running apublic company.

What institutions andsophisticated investors are going to stump up $88m USD to a delisted mob thatare unable to provide audited accounts for the past couple of years?

To justify a $1bn+ MC,the revenue and growth rates would need to be multiples of what thecompany “reported” a few months back. We don’t even know what the total revenueswere for the last financial year or whether the company is cashflow positive.They may have saddled the company with debt for all we know. I’m not suggestingthat they have, but how would we know?

Investor relations aretotally inept and non-responsive. If all these token offerings are hugelyprofitable for the company (as opposed to being hugely profitable for insiders),then why is Animoca not shouting this from the rooftops?

It’s a major concern thatthe company’s financials are so opaque. Successful companies are not in thehabit of remaining coy when it comes to positive financial results. There aresimply far too many red flags, which until rectified, will prevent substantialnew investment valuing the company in excess of $1bn or a listing on areputable exchange.