RE:OPEN BID SO FAR
Yup they are lining up like lemmings. In the halls of marble the pitch is....'anything under $10.00 a share is an absolute gift'. And then there is this: The company generates revenue by making small gold conversion fees, usually around 1 per cent, every time a customer buys or sells gold using the platform. The service went live earlier this month. Mr. Sebag says that since then 10,500 users have signed up, resulting in hundreds of thousands in deposits. To help investors figure out how to value Bitgold, each month Mr. Sebag's company will publish a user count, the cumulative transaction count (in weight of gold) and net deposits into the platform.