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Goldmoney Inc T.XAU

Alternate Symbol(s):  XAUMF

Technology Information Technology Services
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

Goldmoney Inc
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Comment by Oregonduckon Apr 16, 2017 11:19pm
106 Views
Post# 26126378

RE:RE:RE:RE:I Don't believe It

RE:RE:RE:RE:I Don't believe It
ShadowInvestor wrote: It is called a reverse take over and a very common practice. It happens dozens of times year for companies looking to go public. It is a lot less expensive than creating a new company and you get the benefited tax losses from the company taken over. Goldmoney/BitGold did nothing wrong. It is a normal business practice. I see no evidence that Roy personally benefited from this transaction in any way, financially or otherwise. 


I am not condemning RTO but a lot of deals are happening with shell companies doing Qualifying Transaction (QT) and it brought back the 80's era of VSE - now TSX-V - being called "The Scam Capital of the World". The most egregious ex. of a bad RTO deal is the $6 billion Sino-Forest fraud perpetuated in Canada by the Chinese.

https://business.financialpost.com/news/fp-street/caught-in-a-web-of-spinoffs-inside-canadas-expanding-universe-of-shell-companies

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