Post by
mrmomo on Nov 03, 2021 9:54am
Still no update or news........
With regards to the investment in Cardano that was disposed recently. I would have thought that maybe they had a plan in place to re-invest those funds elshwere in another potentially lucrative token. Hopefully those monies are reinvested into another Alt coin and not into some other half hazzard crazy stupid project or get secretly funneled into bailing out sister company ScreenPro somehow like it was done over at Datametrex recently. I'm actually not that surprised they have said anything on this subject or followed up, i don't expect much from sub par mediocre non-transparent mgmt who don't adhere to their fudiciary duties & only focus on "get rich quick" schemes. Hopefully they will realize the error of their ways and will update s/h SOON what they intend to do with those funds.
I personally STILL think it was a grave mistake to unload Cardano at this time, during a Bitcoin bullrun. It was way too early to sell imo. It's a damn shame these guys don't have financial or investment or business acumen to spot the potential lucrative & highly coveted coins before they explode and make it big. Having made even just a small investment in something like Solana in the early period, would have given a lot of credibility to Graph & their mgmt team. Unfortunately for us, these guys aren't even close to being geniuses or savvy in this arena and are only looking out to cash in quick on the latest fads. I don't think dropping the Alt coin business completely in favor of "all in" on nft's was the smartest move, but hey that's JMHO. I'll vote with my shares when i think they time is right......
We'll see where this goes, but it seems as far as the Nft business is concerned, investors are gravitating more towards something like Liquid Avatar than putting their investment dollars into Graph, which imo isn't a good sign either. I'll give them a bit more time to prove themselves worthy, but i'd be lying if i didn't say i extremely disappointed in mgmt and what was achieved so far.
Good luck & God speed