MichaelRrrrr wrote: I appreciate you reaching out for honest thoughts, Chitory. These are mine.
1. I honestly don't know. I have lots of exposure. 3M shares isn't chump change. I want to reduce my exposure. I feel like Bitcoin and everything is overpriced and a bubble, and that Fineqia may benefit from that. But it would be a bubble I think. I could be wrong about that.
2. The mgmt. here is high caliber. They aren't 'scam artists. So, I was always invested in them. Hoping they could make something. Like, this is Chairman:
https://youtu.be/NPnKFYrib5Q
That's the Chariman of the Oracle Group. He was once headsed up part the small caps division London Stock Exchange. You can look all this up and try to falsify any resume of these insiders. They are legit. It's just, a very risky venture.
They were in the FCA Sandbox with Fineqia. That gives lots of ligitimacy. But, I highly suspct they didn't make it to Cohort 4. We never got news, but I think it's safe to assume they didn't get approved for what they were trying to do. But I think they've been trying to adap. Our chairman is also involved with Tokenise, which sounds like the goals Fineqia had. But he is still chairman here too. So, as I've specualted in my past posts here that can be read, I can only SPECULATE that maybe he has a plan to incorporate the two in future deals.
3. They made investments in Nivaura, and they have financial backing from the London Stock Exhcnage, Sandanter bank, and us, and Overy Law, and other very credible backers. We have a partnership with t hem. We are somehow going to be involved with their platform. So, we have a real equity stake in them (albeit, they are a private company), and we have plans. It's kinda convoluted and I don't understand it because it's highly technical. But it involves cutting out banks and middle men by issuing bonds with any currency you wish. Bitcoin, etherium, or fiat dollars, etc.
4. You can read the press releasees where some Japanese firm whose name I can't even recall right now did buy bonds from Fineqia. PremFina is going to issue bonds. There is a partnership there too. All our inestments will be working with each other and it's hard to explain. PremFina is an insurance company which is legit and has all sorts of awards. That's Bundeep's private company, and his is the CEO here. So, there are vested interests. We've been incredibly frustrated because they don't promote their company at all. And have been silent this year. And used Covid as an excuse to not work it seems on the surface. Things have been going slower and I suspect things have been setback with not making it as far as Nivaura in the FCA sandbox. But that's all speculation.
5. Our Chairman in the last PR in regard to the shareholders meetings, voting proxies, does say 2 investments were able to move forward on their plans but due to Covid, there were some delays. And I don't like his excuses when blockchain is all about being green. There is no reason to leave home if you are blockchain.
6. I'm very, very, VERY angry with Black Insure. One of our investments that has a website that says "Launchign in 2020" and no updates. They had also had plans to incorporte their ambitions with ours. Risto Rossar is heading that up, and he has a real impressivel background with Insly. You can look all that up. But he is RUDE for being quiet. He should come out with a blog. He should takl about Black Insure. He doesn't deserve any respect in my opiinion. His silecne is unacceptable.
7. I do see a real alignment of interests with insiders. The insiders put up their own moey in thsi company. Bundeep owns a huge percentage of it. If I don't make money, NOBODY makes money. As it should be. Which is why I came here to being with. There was a capital raise a few years ago where they raised capital at 1 cent per share in Canadian dollars, and many of those investors got warrants that expire this year at 3 cents or thereabouts. Some people can exercise at 5 cents. Like some debts that were erased, etc, so they get NOTHING to exercise if their warrants expire. So, this is a good alignemtn of interests. The company gets a LOT OF CASH to work with IFFFF warrants are exercised. They can only exercise if there is liqudity above 3 or 5 cents. Period. So, it's like holding them hostage as I see it. If I die, they die. And that's how I see it and that's why I'm here. For two reasons: Honest, impressive management and an alignment of interests.
None of that is a guarantee. And I want to sell 1 million shares this week at 3 cents, and another 1M at 4 cents if it's in the cards. T oleave me with 1M. That would reduce my exposure, cover all my costs, and give me profit, and all my shares would be "free." And if it goes to 50 cents, I'll be mad. I wouldn't rule anything out. I don't know why Bitcoin is $40,000. I don't know how high things can go.
My main impatience is because the stock market has been doing great as my money has been locked up here because Bundeep and company won't talk. They don't market their company. It makes me MAD to put it bluntly. When everybody is going up, and Risto Rossar is on vacation somewhere -- heck, he could be abducted by aliens for all I know. But somebody TALK. That's my gripe! DO SOMETHING. I've only been saying it for over a year.
They have the talent. They have real investments. Warrants expire this year, . All things are in place for greatness. If they would just DO SOMETHING.