I would like to address two things that I find disturbing with NFTX business model and its management.
- Jan, 27, 2023 the company granted 3,010,000 restricted share units to certain directors, officers and a consultant of the company. Management, should be ashamed of granting these share units to themselves considering the fact that the stock is trading at an all time low. What message does this send to shareholders who have invested at much higher levels? Shame on the management of this company. I hope shareholders will vote against this. If management wants to reward itself, then first do your job right. I hope that this company is not going to end up like Covert Technologies, which has been halted since November 15, 2022, same CEO: Dorian Banks. Looks like a 2 man show.....
https://www.covertechnologies.ca/team - Now lets talk about the fundamental problem of this company, the almighty METAVERSE, probably the most expensive failure in the history of Technology. Dont get me wrong, it was a great Hype when they started it...... but we all know what has happened. There are some gentlemen in this board that keep pumping the illusion that the MetaVerse is the hottest thing since sliced bread, but the numbers and the facts do not support this. The MetaVerse is going to fail before it even gets started ( if it ever gets started). But do not take my word for it, read some of these articles yourselves. If Meta can not even to get their overpaid staff to use their own $10 Billion USD legless MetaVerse, then who will ever use it?
Even Facebook Isn't Using Its Own Metaverse, Begs Employees To Spend Time In It
https://kotaku.com/meta-facebook-vr-metaverse-horizon-worlds-online-1849629766 Meta: Around half of employees do not understand the metaverse
https://mixed-news.com/en/meta-around-half-of-employees-do-not-understand-the-metaverse/ Facebook's Metaverse Is Apparently Filled With Mostly Empty 'Sad' Worlds
https://kotaku.com/meta-facebook-horizon-worlds-vr-mark-zuckerberg-1849669048