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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 Apr 15, 2017 7:39pm
268 Views
Post# 26124837

I Don't believe It

I Don't believe It
Since IPO listing in May 2015, Messrs. Sebag and Crumb have not sold a single share from the more than 20 million shareholding valued at $0.03 per share completed in the reverse takeover of a dormant VSE company owned by the 2 co-founders that held a worthless BC gold mining claim...Their stakes were once worth around $160 million and now around $60 plus million...Oh, well, their shares are held at BVI, the tax-haven and bank secrecy haven, and no one will know for sure. In any event, the insider trading laws shall prevail as insiders must file reports within 5 days of a buy/sell transaction. So far, we see purchases were reported, but no sales. Something seems out of whack...In the latest 9 months ended Dec. 31, 2016, the Company recorded Goldmoney Network of $121 million and based on 1.4 million user accounts, the revenue per user was only about $86. Goldmpney card unit lost about $10 million due to huge expenses. Wealth has $256 million from buy and sell in bullion, but lost money in transactions...It is also hard to reconcile that XAU boasted that it meets the Sharia laws being Sharia-compliant - the Islamic Law allows wives can be beaten and pre-pubescent sex permitted. Welcome to the world of money. Stock is acting badly despite bullion shooting up due to Trump v. Kim nuclear war threats.
Bullboard Posts