RE: News6 Jun 2021 15:33
The indication is that there has been no progress in raising additional sums and now that Crypto has cooled off it seems less likely that there will a renaissance. The fact that some former directors were willing to walk away from the monies owed to them the portents don't look good. The company tried and failed to launch an ICO for the UBERTOKEN but it failed to sell in large enough amounts. The costs of launching a rights issue for an unlisted company aren't particularly attractive. As yet no major white knight has come along to replace the Aussie who previously offered to come up with AUS 250.000, and in the end, he only came up with AUS 50.000 so it's languishing.