Member Info for PureGypsum

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!

Nothing new here I'm afraid

We just can't shake that matchett fellow! Haha.

FYI a Google search for "Napster foundation Org" will allow you to find the new website.

There is a interesting downloads section with the paper we have been waiting for as well as an upcoming events section. April 19th looks like one for the diary. I have only managed to briefly read the paper at 6am and I'm at work now so won't be able to properly digest the information

Jambor, I can only speculate without seeing the white paper, however it seems very logical that the tokens will be traded on the the crypto exchange and therefore we will be able to cash in on them after the lock in period expires. As to what that cash value will be is anyone's guess.

There are alot of tokens however Napster has a ace card in my opinion; There should be a high velocity given Napsters built in subscription service.

Let's assume around 1 million subscribers paying around £10 per month. We know from the litepaper they intend to have the subscription paid for in tokens. If the tokens were ten pence a piece, that's 100 tokens per subscription. Across the userbase over a year that would mean around 10% of the total token supply would have guaranteed demand

AJ Bell have finally issued a corporate update, about half an hour ago, acknowledging the tokens and claiming to be in contact with Napster to arrange for shareholders to hold tokens directly. I assume this will mean a direct transfer bypassing the broker altogether.
I cannot see there being too much protest at this arrangement.

There was no mention of 2nd and 3rd payments mind.

Unfortunately despite my age I don't know too much about crypto either, but I have a feeling we are all going to be learning real fast.

Thanks Italian! I understand the tokens are unusual but really should have had some Comms about the 2nd and 3rd payment by now.

Kabaa the deadline was end of march like you say but it was around the token creation as oppose to the actual distribution of tokens.

For what it's worth, someone was able to find the tokens on algo.explorer and you can see a few transactions have been made if you wish to search it for yourself. No one has confirmed this to be the real token mind but there was a particular transaction viewable of 687,500,000 which was of particular interest shall we say!!! I should imagine we will all be keeping a very keen eye on the wallet that received the above payment.

As an illustration
100 up 10% day one then down 18% day two and back up 11% day three is basically back to 100.
But when we multiply the percentages by 3 each day . ..
100 up 30% day one down 54% day two and back up 33% day three we get 79

It's a constant leverage trap. The x3 shares rebalance (I think these specific ones rebalance daily) so mathematically, they trend towards 0. Because of the daily reset it's not mathematically possible to expect any given X3 share price to match any particular real share price over time. And that's the picture before you even take into account the associated fees.

How encouraging!!

I think someone else with II said that their tokens were confirmed to being held in escrow after chasing.

I think that will be the default position with most people holding with brokers.
I know AJ Bell has asked for cash instead, I can only assume (and I personally hope) this has been rejected and the tokens are also held in escrow until a solution can be found.

I'm not sure if the brokers issue is a regulatory compliance issue or a self imposed issue, does anyone have any thoughts on this? I have asked my broker directly and will share the result when they get back to me.

People who were registered shareholders have said they have been asked to provide a wallet address, but as far as I'm aware no one has received delivery as yet but they are surely to be the first to see them. And I assume fairly soon. That said they would have been required to return the form by 5pm eastern time on 29th to have had a chance of receiving them by yesterdays deadline

Let us hope!!!!! Wouldn't mind a pound per token but I know I'll be accused of dreaming!