http://www.stockhouse.com/companies/bullboard/...is-applications-corp
Sum It Up
I'm going to make this as clear as I possibly can.
There are two main reasons that there is no longer an ICO...
1. It's been going around that there are too many cryptos that are trading like shares of a company, meaning people are treating cryptos like investments rather than currencies. GCAC is trying to move away from that and actually generate ACTUAL value to the Citizen Green token.
2. The government has really clamped down on the rules and regulations of an ICO, and are slapping huge fines on companies that decide to do them. GCAC cannot afford to get slapped with these fines.
Yes there's no ICO anymore, and believe me, I flipped out this morning when I realized that the very thing I had been waiting for would no longer happen. I was excited to see GCAC do something like Bankera, where we would all see the company generate money in real time. As the day went on, I did some digging, spoke to fellow investors, and this is what I now understand. The company has to make sure that users are using the token on the Prescriptii & Cannalife app before it can create value. Also, the CG token is STILL going to be traded on the exchange, which means it will STILL be publicly traded.
Instead of taking the easy way out and saying "Oh Sam Lee likes it so it must be good" I'm going to be real honest...
1. GCAC needs to update the awful Cannalife app and make it a whole lot more user friendly. 2. The company needs to get the ball rolling on this CG token promotion. 3. GCAC has got to fix this mess caused by this morning's newsletter and be WAY MORE CLEAR to their investors. I'm just as frustrated as most on this board.
Brad has funding from the PP, and now he needs to use it.
With that being said, the white paper milestone was Q1, and Brad delivered albeit being a few days late.
HERE IS THE TICKER!
Another milestone is 500k users at some point during Q3. THAT is the key milestone, and everyone should have their eyes out for that, because with that milestone / users contributing data to the medical community, the value of the token will go up. Even if the market decides short term that the value of the token is only worth a penny, GCAC has 45 BILLION tokens. That's 450 million in value!, hence Dietmar's target of $3.50 - $5.00 a share by the end of 2018.
Now, how exactly is GCAC going to have 500k users by Q3? I have no idea:( and I really hope that these guys have a plan that they can clearly communicate with us shareholders and SOON. This SP will go down without a clear explanation from the company as to how this milestone will be generated without the ICO.
Still holding and waiting for this company to execute.
Gadgets
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