Hi
@Yobo - I have expressed my concern to the company secretary and to a member of the board.
Yes I have considerable amount invested in BPG across two portfolios and I would be lying if this was not a concern, however, I treat BPG with the same consideration as that of all the other businesses that I invest in - both on the ASX and as Seed Investor. Each of these investments come with risk. BPG is a risk stock and fits into a part of my investment strategy.
Every year I invest in a number of start-ups which all have risk. Some have been very good investments and even lead to IPO on the NZX and ASX and others have been big failures. But the big wins have compensated for the losses. Just last night I received an email from a founder of a company that I invested in who told me that he and his partner will be selling the business as they are both burned out... basically I will receive what I put in - a zero profit for a three year investment - a bank savings account would have generated a better return!
Yes there have been warning flags regarding BPG from the beginning and all the way up towards the end of last year. Maybe I should have sold when the share price initially reached 0.015 and then jumped back in at a later stage, but with my experience in the Crypto / Blockchain industry, I see potential to profit from this stock as being the only 100% owned ASX listed Crypto Exchange. I feel that this will draw in investors from all over to purchase the stock - if it goes live and if the stock returns to trade.
As I recently mentioned, not everything goes to plan for even those with knowledge of the industry. As a share holder of FFG, the company has invested in 27% in a Singapore based Crypto Exchange start-up. The exchange has now extended its opening date out to December. So you can imagine the chaos and comments that some of the investors are voicing on that group....
If you purchased BPG during the ‘explosion’ of awareness of Crypto Currencies during the course of last year, then you may be sitting on a nice number of shares that could return 50x if they return to trading. That is if you purchased around the .002 to .005 a share price. Others, well maybe you hold for a while longer and hope to break even and make a small profit - and chalk it down to a learning experience for future investments.
As a community on HC we have the bullish, the negative and some that try to stand inbetween the feuding clans to calm things down - bring some reason to the confusion. No matter how little an individual has invested into BPG, we all have an investment, and collectively we all own a part of BPG.
We may not agree with any one else’s point of view, and maybe as a community we should not respond and create confusion or an argument - being emotional - and collectively work to communicate with BPG and look to a positive outcome....
DYOR
