BPG 0.00% 0.9¢ byte power group limited

Ann: Full Year Statutory Accounts, page-62

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  1. 532 Posts.
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    Good Post/s Tiger,

     

    I like the well-written, thought through discussion youbring here.  I agree that crypto will remain as a commodity.  The success of the exchange is not on the current price of Bitcoin, Ethereum, Ripple etc, but the volume if trades.  That’s why I chose to invest in an exchange in the first place! However, global trading volume has gone down from its heyday (source:   https://coincheckup.com/global).

     

     https://hotcopper.com.au/data/attachments/1339/1339654-ceae4d62b3ade495e13ed21c2a390056.jpg

     

    I totally agree however – BPG just need to get this up andrunning.  I believe this is “Do or Die” and they realise this – they’ve pretty much wound up their other businesses (wine, honey etc according to the annual report), so I assume the exchange is the sole focus.   Despite the reduction in trading volume, it’s all they got and an avenue into this market is better (for us SH) than their previous business operations IMO.  I have low confidence it’ll get stood up, but as you say, we probably won’t have to wait too much longer to find out the fate.

     

    That said, www.bytepowerx.comdoesn’t seem to have been touched or updated since 27 August (although I’m notsure how accurate this website information is - https://archive.org/index.php):

     

     https://hotcopper.com.au/data/attachments/1339/1339656-75e3b2b35cc76e17cc6374548e1e421d.jpg

     

    Prepared for the worse and I hope to be pleasantly surprised.

     

    Cheers

    MSN

 
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