GLDX Bitcoin DD and Glink/SPBV Merger/Ecosystem
Many asked the CEO if we could have the dividend paid as coin. The CEO explained there is 95million USD in the coin account currently sitting. The funds came from an international investor who was helping set the coin up. This was per the CC about 6 months ago. If a change from shares to coin where to be made they would have to hold a board meeting and discuss.
I see the coin is up 21% over the last month. Assuming it happens to be our dividend that means for every 10 million shares held you would be paid $9,500 on your dividend in coin at current prices.
The coin is also tied to an online eco system that Glink. What is interesting is Glink and SPBV (SPBV a owned subsidiary of the CEO) is now merged. This merger happen 6 months after the coin went live. Also in the time frame that Glink and SPBV merged the CEO increased the preferred shares the week of the merger. This tells me we will hold a larger position within the newly merged company.
Many great things forthcoming.
https://coinpaprika.com/coin/gldx-goldex-token/
CRYTO: Start Date 04 January 2021 7 months ago
GILDEX WHITE PAPER THE ALLURE OF GOLD
http://docplayer.net/77235671-Gildex-white-paper-the-allure-of-gold.html
On December 03, 2018, the Company successfully established PHI Luxembourg Development S.A. as the mother holding company in Luxembourg for PHILUX Global Funds and a number of sub-funds under the same umbrella. PHI Luxembourg Development S.A. is in the process of activating four initial sub-funds for investments in green energy, sustainable agriculture, real estate and a diamond exchange in Asia.
AGREEMENT BETWEEN AMERICAN PACIFIC RESOURCES, INC. AND GILDEXSHOP
On February 28, 2018, American Pacific Resources, Inc. (“APRI”), a subsidiary of the Company, signed a Business Cooperation with GildexShop Pte Ltd. (“GLDX”), a company to be established in Singapore. According to the agreement, APRI and GLDX will primarily cooperate with each other to accomplish the following objectives:
- Capitalization of APRI: GLDX will issue and circulate a certain amount of cryptocurrency tokens using blockchain technology in order to raise capital for APRI to implement its business plan.
2.Using APRI’s assets as guarantee for GLDX ICO’s: APRI agrees to guarantee the value of the GLDX ICO tokens pursuant to the following terms and conditions:
a. In the event the trading prices of GLDX ICO tokens fall below their original purchase prices anytime after GLDX tokens are listed on a reputable cryptocurrency exchange, APRI agrees to guarantee the value of all such GLDX ICO tokens that are purchased by investors by allowing the token holders to exchange the original purchase prices of such ICO tokens for gold from APRI at 50% discount to the Market Price (as defined herein) of gold at the time of exchange. Market Price shall mean the 10-day average closing spot price of gold on the London Metal Exchange (LME) immediately prior to the date of the request for exchange by the ICO token holders.
b. Holders of GLDX ICO tokens may select one of the following options for the receipt of the APRI gold guarantee:
(i). Receipt of physical gold bar(s) from APRI or its affiliate(s).
(ii). Receipt of Ethereum or alternatively acceptable crytocurrencies equivalent to the value of the original ICO purchase prices.
(iii) Receipt of cash through wire transfer to token-holder’s bank account after sale of the guarantee gold position(s).
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GLDX shall be responsible for providing the required capital for APRI to set up the processing facilities to recover gold and other precious metals from its Gold Assets. The amounts of capital to be provided to APRI by GLDX will be done in tranches and based on a schedule of funding and use of proceeds to be determined and agreed upon by both APRI and GLDX.
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APRI covenants and warrants that it shall sell refined gold and other products of precious metals from its Gold Assets to GLDX at 50% discount to Market Price as defined above until GLDX has recovered at least twice the amount(s) of its capital investment in APRI or the end of the five-year term of this Agreement, whichever occurs later.
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Compliance with Various Jurisdictions and the Requirements of the U.S. Securities and Exchange Commission: GLDX shall strictly comply with the requirements of the appropriate jurisdictions with respect to the offerings of its GLDX ICO tokens and shall not offer any of such tokens to U.S. investors unless and until it has met all the requirements of the U.S. Securities and Exchange Commission in connection with the offering and sale of the tokens.
As of the date of this report, APRI has not received any capital contribution from GLDX.
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