Ragger, your patience is exceptional. I invested in this company because I believe in the crypto world and at the time they showed $21m in other current assets plus some wine profits. I thought they had enough money to pull this off. My disappointment is in the way management have butchered the shareholder value and the $21m has actually turned out to be a few mill. the rest due to a drop in coin value and a huge distribution to a director.
BPG has taught me a huge lesson. The company might be a huge opportunity but if the management is crap, then the business will more often than not, not succeed.
When I invest now, I research the management. I put most of my money in A2 when under $1 because even though there were doubts on the scientific benefits of A2, the management were switched on and got the belief going. The A2 shares have slipped recently because they are spending big time in the U.S and U.K to de-risk from China. Brilliant long term strategy.
I'd love for BPG to succeed and. I'd be delighted to see the exchange up and running and running well, I'd love to see the coin value soar (excuse the pun) but I have to say that there are many hurdles to overcome - as has been documented earlier. Apart from launching a secure product, we need lotsa marketing. Now is the time to start spruiking the exchange and coins. Get market interest going so that there is an initial assualt. None of us has seen anything that resembles a marketing plan or actual activity.
BPG, if you are reading this, unless you sell the products, noone will buy them. You need to get off your backsides and get a timetable out and at least get the journos of the major papers interested.
BPG Price at posting:
0.9¢ Sentiment: None Disclosure: Held
