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UK investors were self regulated. All you had to do was say that you were sophisticated.

The payment has gone through. Those that participated in the rights issue will have received or will receive a warrant exercise letter which will also highlight that we will have 20% in UBE Limited which will be listed in lieu of Irae relisting saving a small fortune in costs. All shareholders will be given shares pro rata post consolidation in UBE as capital distribution.

Irae now has the money to pay the final tranche. Now Ubecoin has to perform.

The second option call was paid this morning. From here we go forward.

Ubecoin is currently undertaking a pre-ICO sale. They will shortly commence the ICO. Irae have sufficient funds to complete the $250,000 payment for the second call option on Monday 12 Feb. They are trying to pay the third call option ASAP and complete the RTO ASAP. From there a consolidation will be required and then an IPO to be able to list on the LSE.

Unfortunately Ubecoin underestimated their ability to get their websites up and running. This was because (1) money, and (2) the system has to up to scratch to be to function 100% seamlessly. The latter could not be done progressively. Ubecoin has had about 10 IT guys on this and it is only almost finished. It was supposed to be finished by 1 Jan. Irae have their new website in beta mode but could not open it because they need to direct people to Ubecoin. Thus it becomes a catch 22 situation. The first thing anyone wants to do is checkout the websites. Hence Irae have not been able engage new brokers (Peterhouse was the old broker). The UK retail investor part was self regulated. From here I have to get funds to Irae by 8 Feb (T2 settlements and bank transfers) and on 12 Feb the second call option will be paid. The BOD will then move the company to BVI. They have to sort out a couple of debts as we have to be debt free at RTO. They are trying to get them waived or reduced. On the 7 April the warrants have to be exercised. On 30 April the third call will be paid and then new shares will be issued to Ubecoin. A consolidation will be required then a IPO will happen with a listing preferably on the LSE. On 12 Feb Ubecoin will be doing an ICO to raise $US20M. The BOD are not unhappy. I am. I am very disappointed. There was enough support to tell Peterhouse to jump 6 months ago, which put us in an even worse position. We were at the "do this or die" position and the shareholders were asked to dig deep. And only a few did. Ubecoin have a product "Ubecoin". They have a practical viable means to use it as a currency with Free Trade Barter. This sets it apart from the majority of cryptos. Bitcoin is only digital gold and is only of value if someone wants to buy it. They have a means to get it more customers for the fTB traders by using the gaming platforms. Then they have the the means to incorporate the fintech to provide seamless payment system that will allow simple cost effective cross border payments. And it will be integrated into exchanges to allow exchange for fiat money. Unfortunately both Irae and Ubecoin needed money. Since the call option was signed Ubecoin has had other suitors knocking on their door. Irae have enough money now (with the warrants) to ensure that our deal is done. Then it is up to Ubecoin to provide the value. Break even is GBP5M. GBP5M will not get them listed on the LSE so they have to provide considerably more. Check the listing requirements and do your own sums.

I am ashamed to be associated with the majority of NYO shareholders. $70,000 from 78 out of 800 shareholders!!! It was this project or the junk pile. Obviously the company was in the junk pile for many. After having to sell out of some really good positions, I stumped up enough to get us through the second call option which will give enough warrants (provided those that participated exercise them) to get us though the third call option. Did I want to? No but somebody had to. The BOD all took equity to reduce the debt. Bigdish waived their CN. Those that helped Thank you. The project is alive and kicking. You will all get a return. There was more than enough support to kill Peterhouse's deal. And Yet with a good deal a limp rag. Those that did not support this, when you get to cash up, give it to charity.

Now is time for the existing shareholders have to have a bit of faith in the BOD. If this does not get up then it is all history. With ubecoin you have a crypto that has an immediate use in commerce. That will be a first in cryptos. The question here is whether the ubecoin will gain traction. Look at the whitepaper and the team. Oh hum. Reasonably experienced in their field. Sufficient to get this up and running. Look at the advisors. Look up Graham Martin and see how much he can bring to the table. Then ask if will it be worthwhile playing DOUBLE OR NOTHING. Because that is where we are. What has happened in the past has been beyond the control of the present BOD.

New site. Still a work in progress and will migrate to old site in due course. http://ubecoin.net/ Download draft whitepaper. Also http://freetradebarter.net/#/ getting there. Personally I can see a lot of upside in participating in the rights issue and the share placement.

This is their old one. The new one has to do a lot.

There has been some delays due to Ubecoin. They underestimated the procedure to get their website fully functional. It has to be completely integrated on all levels. Their site will be the window of judgement.I understand that 3 teams are working it now. Irae have been delaying the upgrade of the old NYO site until Ubecoin is fully functioning. I am currently cashing up some positions to ensure that stage 1 is completed by due date.

Try sergey.budkin at finpoint dot kiev dot ua I had an email on Saturday from Sergey saying that he was addressing this.

The minimum is GBP175,000. We need AUD$250,000 plus AUD$100,000 to pay to Ubecoin (GBP210,000). The remainder is script. Plus we have some costs of our own.

The FCA regulations should show you the difference. In Australia we have sophisticated investors which are of a certain net worth shown by an accountants certification or by stat dec, and the Mums and Dads investors. A higher level of disclosure is required to present to the latter so they are not taken advantage off. A soph should understand the risks and is deemed to afford the losses should they occur. UK should be similar. I have offer information statement. I will query the corporate action letter.

All existing shares will remain intact provided enough money is raised to purchase Ubecoin. The deal will then go ahead and eventually it will list on the LSE. UK retail shareholders are not eligible. UK shareholders that are not UK retail shareholders are eligible. It is self regulatory from what I can see. If you have 10 million shares now and the deal goes through, you will still have 10 million shares and you will receive any gains made from the deal and the subsequent relisting. If you are not a UK RETAIL shareholder, you can apply for 5 million shares in the rights issue and get 5 million warrants and thus boost your holdings to 20 Million shares AND be part of the shortfall offer and the share placement. Australian shareholders are automatically eligible for the rights issue. They should also be eligible for the shortfall offer. Sophisticated investors ( whether they be existing shareholders or not) are eligible for both the shortfall offer and share placement. The offer is written to only comply with Australian requirements. My opinion is that the BOD has had since the Big Dish deal fell through to find a project that has the potential to pull us out of the quagmire we ended in. There no doubt have been deals looked at that would not be sufficient to see us to survive. This is our only chance.

Alexander. Hello. I emailed Andrew today regarding unanswered emails. He has gotten on to Sergii and it is being addressed. Also over the weekend the website is being updated. They could not do this without some funding. The offer ends 5PM 31 Jan Aust Eastern daylight time. I hope to be speaking with Andrew early next week.

Firstly I have my copy of the OIS. Secondly I have rang and asked about the deal. And thirdly I have researched what I can. and Fourthly I have already paid. I refused to let this die. I introduced our salt project to the BOD, but some members on our board were cold on it. So I introduced another party with a lithium project but that project was too far advanced. However the other party presented this project and I was informed after the documents had been lodged with ASIC. If you are a shareholder and have not received your OIS then email the company. If you are a sophisticated investor and want in email the company.

The offer has been approved by ASIC and the documents have been sent so the offer is in the public domain. It needs discussion. and people should be made aware of the project and the rights issue. The OIS is the only way the company can put information out. It can no longer do RNS and ASX anns. The first step is to pay the cash payments to acquire Ubecoin. This is in the rights issue and share placement. Then the remainder is in shares. Also it would be good to have some cash to pay the smalls, past and present. The cash requirement from Ubecoin is to upgrade their website, to start rolling out there marketing and to mine sufficient ubecoins to run an ICO. Personally I believe that once the purchase is completed Ubecoin can raise sufficient cash via the marketing and ICO. The intent is to list on the LSE. They have their requirements. A IPO will be required to assist this. They will also have to banked a years working capital. And they will have to meet a minimum value. They need to do this within 6 months.

The offer is to eligible shareholders. It has been written in a manner to abide by the Australian laws. To comply with the UK FCA would be prohibitive and time consuming. Retail UK shareholders are not eligible shareholder. Sophisticated Investors are eligible shareholders. I understand that this point is self regulatory. I know what I would be saying and would have a stat dec included when I returned the papers. Actually I would just be doing the BPay. I am not suggesting that you do this. But explore your options. You may already be a sophisticated investor. Others reading this may be as well. They will meet the minimum cash raise in round one and also sufficient to finalize the purchase of Ubecoin in stage 2 (the warrants) We are all shareholders of Irae (NYO) It is an Australian company (all shareholders remain shareholders). It will be an BVI company and we will all still be shareholders. It will list on the LSE. The BOD have done this before. We will all then be able to trade our shares equally as it is one exchange and not the previous dual listing.

My pleasure. I have had more time to do research. I add one and one and get six. The question here is how much can Ubecoin bring to the table? I think (after some googling) that the Free Trade Barter is just the tip of an iceberg. Mr google sent me down a rabbit hole and I found some rabbits. Bitcoin was made to trade with B2B and B2C, however it is primarily used as an investment. Bitcoin can never be used as a currency, it is similar to a gold bar. I can see Ubecoin as a global business currency for everyday transactions in a relatively short period.