Well, I did get through to Jason. I must say, he has always taken phone calls. He didn't sound 100% confident that they will launch by 30 April but said that was their plan and they haven't started marketing yet. We discussed the regulatory requirements and he advised that they have a number of hurdles to get over still but feel as though they have answered everything that ASIC has asked of them.
So as I see it, they have to get past ASX, ASIC, maybe ATO, win at least one legal battle, market the exchange, get some cash in to operate as solvent (maybe from wine sales), update their website (which is pretty ordinary) in 13 days. Oh and also satisfy any other regulatory body concerned with receiving cash from the public and the security around that.
Does anyone think they can do it? Personally, I hope so but it does appear to be a long shot.
Oh Jason did say that they will be updating the market soon.
BPG Price at posting:
0.9¢ Sentiment: None Disclosure: Held
