RE:CunningSCAM!!!Dumb and DUmber??? This NR is the opposite of haveing raised $210 million!! In fact, it acknowledges they have raised $0 and the "Facility" is a function of the tokens they can sell!!!! Its another CunningScam!!!
Per CEO board:
"GEM Digital's investment agreement is more like a cooperation and sharing agreement, where both parties sign a so-called huge investment agreement, create good news in the market, and then collaborate to make profits and share them. Judging from the performance of GEM Digital's past investment projects, this is basically the case, and it is the users who ultimately pay for the investment. However, the amount of money actually raised through the agreements is usually a tiny fraction of what is announced" Larry60 wrote: There is NO $153 Million USD! How gullible are you? Almost as gullible as thinking a PinkSheet backed shell could buy AMK!
All there is: "a Token Subscription Facility of up to $153 million for a 36-month term following a Centralized Exchange listing of the Cunningham Mining Token." THat is not $153 million USD.......let alone $153M available today to buy AMK.......or this year........
THIS IS CLASSIC PINK SHEET BOOT STRAPPIN......AND RUMPIN
It is a liquidity facility! If GEM will buy a certain % of tokens based on trading volumes and market price!!!! THERE IS NO $153 MILLION DRAWDONW TO CLOSE AMK NONDEAL!!!
This changes nothing...........except MAYBE a the last PUMP if the tsx lets this trade based on the PINK SHEET pumper dumper NR!!!!!!!!!!!!!
Why is it a 36 month facility???? Cuz its a liquidity facility where GEM will buy tokens and sell them into the market at a profit in the deals that actually take place........BASED ON LIQUIDITY AND MARKET PRICE OVER TIME!
AMK board needs to put this sham to bed