Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Listening to the proactive interview I was and I think the board expected the sandbox approval to be completed by now this would have followed by a cash raise into substantially higher share price so they changed plans and went for a CLN instead overall miscalculated time taken with government institutions
The blockchain business will be led by Jack Bai, a serial entrepreneur and the founder of Wise Mpay and Coalculus, a blockchain digital payment platform mostly active in Southeast Asia. What is interesting about Coalculus is that apart from traditional retail users it also caters to a large segment of the Southeast Asian population who have no bank accounts but may have more than one phone and use those for all manner of payments and financial transactions. While Coalculus was set up to facilitate payments in bitcoal, a mini-me version of bitcoin, the technology underpinning it can be used for any cryptocurrency.
For the time being the company is keeping its cards close to its chest about what it plans to do next but it is clear that it has more plans in the digital payment space and further updates are set to follow. With blockchain being the flavour of the month we expect to see further rallies when they do.
I am not sure if this is the cause of the delay but according to this 85% of crypto companies fail to pass the FCA money laundering tests and all foreign companies must register with FCA.
Personally I think it is a positive see for yourself
https://cointelegraph-com.cdn.ampproject.org/v/s/cointelegraph.com/news/uk-crypto-bill-to-restrict-services-from-abroad-report/amp?amp_gsa=1&_js_v=a9&usqp=mq331AQIKAGwASCAAgM%3D#amp_tf=From%20%251%24s&aoh=16703476549294&csi=0&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fuk-crypto-bill-to-restrict-services-from-abroad-report
I don't believe the seller to be a director as the closed period is 30 days before interim results I am of the opinion that the big sells belong to a distressed seller who can't afford to wait all the indications have been positive from the BOD anyway we will now soon enough I hope I am right I am in deep ATB for the LTH
Good news but not the great news we were all expecting thus a bit of a sell off from the impatient their approach is entirely sensible and a recipe for success just wait for the sandbox and full launch worth waiting for in my opinion