The June 2017 deal with SoarLabs gave 306,250,000 Soarcoins valued at 1.6c. This came to $4,900,000, then a further $100k in cash.
(All values above in USD by the way).
I totally understand and support the point you make mate, absolutely correct that the workings of the BPPL /BPG and Phua split should be explained to shareholders, this does look like a cash grab.
Will we get that info from management???
IMO... zero chance...
But I'm sure you know this already mate!
I've written this off as a bad investment but a good learning exercise. If anything ever comes of BPG I'll be happy with getting something back.
Cheers
MSN
BPG Price at posting:
0.9¢ Sentiment: None Disclosure: Held