ASX response makes international news..., page-24

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msn81

532 Posts.

670

17/09/18

17:39

Post #: 35652965

Originally posted by carnabombers ↑

Ok guys, I need some help here. Earlier, I said I wanted to have a look at the Soar labs deal and based on the soar coins held by BPG and Phua at the 3rd jan when the deal with Soar went south, I make it that Phua had 16% of the coins in Soar and BPG 84%. But Phu received 60% of the final outcome. Have I got the numbers wrong? If I haven't then I will not ask the company for a please explain (as they are not returning calls) but write directly to ASIC. The table is below.
At 3rd Jan, BPG had 179,183,168 soarcoins, Phua had 34,602,426

Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8

1 Saettlement of Soarcoins

2 BPPL Alvin Phua

3 Date Coins Rate $US Coins Rate $US

4 Immediate 38,868 58,132

5 24/11/2018 232,323 347,476

6 24/05/2019 320,557 479,443

7 soar coins Immediate 1,202,089 0.00964529 11,594 1,797,911 0.009645 17,341

8 24/05/2019 801,392 0.00964529 7,730 1,198,608 0.009645 11,561

9 Ether Immediate 149 222 33,078 223 222 49,506

10 TOTAL 644,150 963,459

Expand

Good work @carnabombers

Your numbers are right.

Here's my guess....

The missing piece of information we don't know is how many Soarcoins Phua had in the first place.

We know that BPPL originally had 306,250,000 and must have sold 127,066,832 before they were suspended by Soarlabs, which works out that they (BPPL) realised 41% of the Soarcoin value they held. Phua may have held 50m Soarcoin so may feel his entitlement of the pay back is porportionate and therefore more than BPPL???

Just a guess...
Or...
They probably just made it up on a whim!

Cheers
MSN

BPG Price at posting: 0.9¢ Sentiment: None Disclosure: Held

2 Upvote

0 Great analysis

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	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7	Column 8
1		Saettlement of Soarcoins
2			BPPL	Alvin Phua
3		Date	Coins	Rate	$US	Coins	Rate	$US
4		Immediate			38,868			58,132
5		24/11/2018			232,323			347,476
6		24/05/2019			320,557			479,443
7	soar coins	Immediate	1,202,089	0.00964529	11,594	1,797,911	0.009645	17,341
8		24/05/2019	801,392	0.00964529	7,730	1,198,608	0.009645	11,561
9	Ether	Immediate	149	222	33,078	223	222	49,506
10		TOTAL			644,150			963,459

ASX response makes international news..., page-24

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