If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
Ir@napsterfoundation.org
Yep the lock in will still apply. I have just been to the pub so memory might not serve me perfectly but I am fairly confident the lock in isn't from when you receive the tokens but from the 31st march 2023.
Yes, we have bypassed the brokers. I am with AJ Bell but also trading 212 which I believe use ii. I have received the tokens for both portions.
Yes that does count as proof Albert. The quickest method is to download your holding statement from your respective broker. But you can also ask your broker to detail this in a headed letter for you. However this takes longer. I wouldn't go in detail about the reasons why you require this information with your broker in case they kick up a fuss.
PeraWallet is merely a brand of wallet. Think of it as your current account provider. PeraWallet is recommended as it's owned by Algorand, who of course the new owners Napster.
The.Italian, this method does work with H.L as I know of someone who has cleared their tokens with H.L as their broker.
Hi guys, great news, we did it!
You will need to download a wallet. Recommended is "perawallet"
You will need to email the investor relations team.
Here you will need to detail your holdings complete with proof. You will need this proof to indicate it is AFTER the consolidation.
You will need to follow their further instructions. Which now includes details on how to give them your wallet address. This is very important to COPY AND PASTE. Any incorrect address will result in losing your tokens!
You will probably then need to wait for your tokens to arrive.
Its not overly complex, and now it has been a path established is easier. We had issues establishing the channel and what constitutes proof of holdings and when. But that it is done now.
The hard part will be navigation of PeraWallet for those who aren't adept with that kind of thing and have never seen crypto.
No updates from me personally, I have emailed again to follow up and will report back here. More stories of people getting their tokens are coming through. I can confirm this as well by looking at the Blockchain - three people received their tokens today.
You can also view the Blockchain if you like on the algo explorer website. The required asset ID is "1068473489"
Quite right Kabaa. I took interest in limewires token release, if I recall correctly investors at the equivalent stage to our situation got a 3x return at the official launch.
Worth noting the price has since collapsed
Glennstar I think the difference between your maths and my maths must be the outstanding shares. I have no information for this figure and so I used the cash equivalent from the distribution schedule which details $4.47 per share. You can see this in the second to last column of the table
Ah Kabaa apologies I was thinking in tokens not shares, my bad. In which case you are correct $4.47 per share.
And given we are expecting about 129 tokens for each share each token will need to be 3.5cents.
The token value is up in the air. For the tokens to work out better for us than the cash equivalent (which would have been paid if the tokens weren't ready in time) they would need to be worth about 3 or 4 cents. As for their actual worth, who knows
Hi Kebark,
This wasn't really a dividend even though 212 have classed it as such. This is part of the sale deal.
We had the initial payment upfront and this second payment just received was the Escrow, a third possible payment will be the security holder representative reserve. That third payment is around 9 cents a share. However I suspect the security holder representative (AM) has probably burned though much of that.
Finally will be the tokens, which we are working on collecting, but may take some leg work on your part. I have been in contact with the CFO to this end and hope to relay more information here next week, after a hopefully successful token transfer.
We will be subject to a lock in period and they aren't formally released so no trading for a while.
I tend to agree, I don't think they will be too volatile, and could even be pegged. Others think they will be volatile and actively traded. All guesswork at the moment but time will tell
Hi guys
Glad to see the payments coming through. I also received my payment for AJ Bell earlier today. I am making progress with tokens and have been advised to allow two weeks for the process. If successful I will report back on the steps I took so the process can be easily repeated by yourselves. I may be a little slow on giving you guys updates as I am buying a house and will be moving e.t.c so please be patient with me!
Great news Italian.
I understand someone who held through Halifax (?) Managed to break the deadlock and has received their tokens directly. I have attempted to follow the same route and will report back if successful
Hi Jambor
I now know of others having received the Escrow amount. They have reported 90 cents a share. As for the security holding, I'm not aware of anything regarding that.
Cheers
Algorand bought the company and the payments and tokens are your compensation. All your paper certificates are good for now is for collecting said payments and tokens
Psy is that 7261 before the consolidation? So 9.6 shares after? That's the only way I can make the maths math
Just to let you guys know someone in the telegram group who held paper shares has received the tokens, so at least there's that . . .
Thanks Jambor!
Being patient for the tokens is one thing, and there are a variety of understandable reasons to cut all parties involved some slack.
The other two outstanding payments however are causing some raised eyebrows over here! No news AJ Bell & 212
Interesting find nonetheless, thanks for posting!