Great news about the exchange, and the token offering...
Let’s look at this in more detail (in relation to the 830m BPG shares rewarded to Management) - please do call me a whinger or whatever you want.
Before AGM (prior to the 830m shares being awarded) there were:
Shares on the registry = 2,235,069,989
Share Price = 0.009c Market Cap = $20,115,629
After the AGM (and in suspension, when 830m shares being awarded):
Shares on the registry = 3,065,069,989
Share Price = 0.009c
Market Cap = $27,585,629 But – as BPG were in suspension, the SP could not change to reflect this dilution... let’s do the math...
Before - Market Cap = $20,115,629
After - Shares on the registry = 3,065,069,989 Diluted Share Price = 0.00656
That means, your shares/holding, after dilution, would be worth 72.9% of what it says/said when valued at 0.009.
This correction hasn’t happened, as the market hasn’t been able to trade. I understand the market was aware that this dilution coming – but it’s those 830m shares that could have been sold on market and therefore would have driven down the share price.
To compensate, we’ve asked BPG management to return the shares and I’ve proposed BPG to reward SH by offering a portion of shares to holders who help ‘promote’ BPX after launch based on VWAP targets for the BPG Share price. Here, with the BPX Token is another avenue – BPG could:
Option 1 Reward BPG SH with discounted BPX Tokens (72% of the suggested 0.06 price = 0.041c)
Option 2 Reward BPG SH with Free BPX Tokens – proportionately to your holding – to make up the difference in the diluted share price, Example:
If you held 1,000,000 Shares @ 0.009 = $9,000 Diluted holding = 1,000,000 Shares @ 0.00656 = $6,560 $9,000 - $6,560 = $2,440 (loss through dilution)
S2,440 / BPX Token price 0.06c = 40,666 BPX Tokens awarded. I.e. – the 40,666 BPX Tokens (@0.06c) would be equivalent value to your diluted BPG share price loss.
Bingo.
As I say, call me a whinger, but I’m just trying to protect my/your hard earned and maintain the value I had ‘in my pocket’ before suspension.
I fully understand I could have sold before suspension, but the dilution came during suspension at the disapproval of most on this forum (probably a majority of Share Holders, if votes were counted 1:1 at the AGM instead of counting weighted votes).
I’m not going to pursue this - not in the mood for further 1-way communication, but perhaps management are watching here
Cheers
MSN
BPG Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
