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  1. #16
    Senior Member Entrep's Avatar
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    It's extremely simple and secure. You are far worse off in this investment IMO.

    I could literally start the exact same fund tomorrow. What's the point or advantage to investors?

    Liquidity, control and security.

  2. #17
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    Quote Originally Posted by Tony Two Gloves View Post
    Would it be if they had Crypto valued at $3.5M as at 31/3 divide by the 590,000 shares would equate to $5.93 which I believe was there SP around that date. Some of the coins they have are down around 50% from there highs so the SP at $3.99 would their Crypto value now be $2.3M? I really have no idea but the Company needs to clarify if they want to get some shares trading.
    Yes, could be the answer.

    But from the looks of it, no real difference between the Class A & B shares though......

  3. #18
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    Interesting what is classed as "Comprehensive Income" & presentation
    with gains on the Crypto..

    Going to be some interesting times ahead If the Taxman decides crypto
    is to be considered like normal fiat currencies ..



    Similarly Crypto's designation in the 2021 Accounts as an Intangible Assets too ..
    ... the fine art of sniffing out debits & credits hidden under the carpet can pay dividends ...

  4. #19
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    Quote Originally Posted by Sideshow Bob View Post
    Yes, could be the answer.

    But from the looks of it, no real difference between the Class A & B shares though......

    The shares between A & B shares appear to be linked to 100 million shares - 3.0 mil issued "B"
    and the rest 97.0 mil issued & unissued 'A's'.

    As more than the 590,127 A's are issued of the 97.0 mil A's then value per share will likely move,
    depending on movements in the underlying Crypto held & consideration for new more shares issued.

    The value of the shares looks like it could be as wildly volatile as the basket of Crypto currencies
    it holds .. it may be a case of picking an entry time - if any available on a favourable "Low" day
    assuming one is still enthused & game enough to want to dive in & start swimming ..
    Last edited by nztx; 20-06-2021 at 11:27 PM.
    ... the fine art of sniffing out debits & credits hidden under the carpet can pay dividends ...

  5. #20
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    Price down to $3.38

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