RE:RE:RE:RE:RE:RE:RE:RE:Facts Matter!!Fastrade,
Ive done my DD on GEM. they are providers of ELOCs (to some, known as a death spiral financing or finiancing of last resourt) and they got into Token Subscriptions Agreements which is effectively the same as an ELOC but for tokens.
GEM will buy tokens, as a set discount to market, in amounts based on the market cap of the token as well as the trading volume. Generally, they will sell into the market to take their money off the table and lock in the spread althought they are free to hold if they so choose. So you are always capped as a small % of market cap and tradin volume in terms of what you can draw down. THat is why the terms for ELOCs are usually 2 or 3 yeas. And the party drawing down rarely gets to draw anywhere close to the commitment in that 2 or 3 year period.
So GEM is pretty agnostic! When the token is trading, theyll buy a little at a discount at a time. THey arent there to fund gettin the token off the ground. Id also suspect that they have been granted some free tokens just for entering the commitment..........but I cant say for sure as CUNNINGHSAM NOR AMK HAVE RELEASED THE COMMITMENT AGREEEMENT!
FastTrade wrote:
Moot point regarding Smartcard - L
If they ( Smartcard) have to be substituted if for whatever reason, it will be done in a heartbeat.
How do you explain the success of numerous company subscribers among the 530 and more that GEM has provided token subscription facilitation in building out their token infrastructure and the handling of their money.?
You have taken out a short position on AMK without doing your homework first and now you are grasping at straws - not to mention how you have very simply failed to take into consideration that there is a small army of longs here that easily negate and counter any and all of your desperate nonsensical postings.
And so - as you do incessantly, drum up your endless irrelevancies to get to and at weak hands holding AMK shares who may be unable to counter whatever you happen to say..