RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Metalstream, Sonata Capital, Enegra Group and Blockchain LabYou're absolutely correct, the concerns are building on Metalstream. There are many issues such as management credibility, jurisdiction, the secrecy and the lack of information or track record as well as numerous others we do and don't know about. Trying to remain objective about it all, as I'm deep in all three CSQ, GYA and ALTA.
As Metalstream hasn't advanced any funds, if it look like Metalstream deal isn't workable, ALTA and the others for that fact can pull out of it without consequence. Simple contracts - offer, acceptance & consideration. If the consideration fails, the contract fails and no terms are enforceable. Right now its an unknown however Metalstreams performance is less than stellar and not inspiring confidence in us at all.
Hopefully, someone, somwhere can shed some light on it soon and it turns out to be real.
Ledt's hope its not a play to strip the assets out of these companies without payment, using fake valueless tokens (or some artificially created value - these type of scams around tokens are everywhere with funds losing $40-$100M on these scams, the media is full of news about it) to circumvent securities and listing rules and move the assets around the world in shells to their new owners. Long lasting CTO's as in CSQ and GYA's broken Romanex deal are ideal targets for this type of manouvre and ALTA has good assets and is attractive due to its low cash position. A quick google on crypto fund scams returns a huge list of recent scams.
The downside ofcourse is if its real and they can deliver, the company misses out.