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Goldmoney Inc T.XAU

Alternate Symbol(s):  XAUMF

Goldmoney Inc. is a Canada-based custodians and traders of precious metals. The Company also owns and operates businesses in jewelry manufacturing and property investment. The Company’s operations and principal activities are conducted through its two wholly owned business segments: a Goldmoney.com and Goldmoney Properties Limited. Goldmoney.com is an online platform that provides clients with access to their Holding to purchase and sell physical precious metals and arrange for their custody and storage. Goldmoney Properties Limited is a United Kingdom-based entity established to acquire long-life property assets with secure long-term income streams. It owns eight properties totaling 431,025 square feet (GIA). Goldmoney Properties Limited also owns a portfolio of freehold properties known as 'Clarendon Quarter' in Oxford, Oxfordshire, United Kingdom. This portfolio of mixed-use buildings occupies an approximately two-acre site in the heart of Oxford City Center.


TSX:XAU - Post by User

Bullboard Posts
Post by Oregonduckon May 28, 2015 12:15pm
221 Views
Post# 23774313

Be Like Bill Ackman

Be Like Bill Ackman
Roy Sebag, the 29-year-old founder, said he had worked in Wall Street and and as a hedge fund manager for a decade or so (that would make him a whiz kid when he entered the business). Sebag is now a mult-millionare with a paper net worth of over $70 million at today's price. He should cash out some of his XAU (Loma Vista) seed stock valued at 7-1/2 cents & buy himself a condo in Manhattan. Bill Ackman, the well known hedge manager, has just closed a $91 million purchase of a penthouse there at OneWest57.  

This looks to be a failure to launch & the business model is simply not viable with major regulatory & profitablility issues to be confronted. The uptake from BullionVault piece on the Conference Call comports with what I said all along - a bad deal.

Bullboard Posts