In stark contrast to Mike G's June 17th 2022 Update seen here. Neil Chandran is painting a vastly different picture of how the recent crash of NFT's and Crypto effects ViRSE and the subsequent "making whole" of his investors. If you recall Neil laid out his plans for issuing ViRSELands to the three rounds of investors one of them bing the GD (Garry Davidson) round in the May 2022 ViRSE Investor update seen here.
Mike attempts to calm the nerves of any of his Mike G Loan partners who have been worried about the deal due to the crypto market crash of late by issuing this statement:
The declining markets are having a very positive impact on the deal all of a sudden?
Dear ViRSE Stakeholder,
Mike must have amnesia because he has been drilling it into our heads for years that the Mike G Deal is definitely tied into the crypto market. He even makes the wild claim that the Chinese are manipulating the price of Bitcoin driving up in the days or weeks before past guaranteed closing dates that have come and gone.
03.06.2021
Elon Musk is the guy who bought 1.3B of bitcoin for 2 reasons I'm sure... 1: Sees ultimate escalation of BTC price. 2: The deal is structured via contract and final price point based upon the price of BTC the day it closes. ..
October 24 2020
Every time we get close to a closing, you can watch the price of BTC going up, cuz the Chinese are doing their part. They know when things are shaping up and happening in Hawaii.. and this is when the jump took place this week
February 6 2021
Bitcoin is 40k... Some ppl don’t think it can be manipulated, but small caps can be moved! So there’s a lot of talk about what this little company is doing….
May 4 2020
Everybody wants this deal, buyers, seller, attorneys, bank in Seoul, gov of Seoul, gov Japan, this thing is going to happen
Chinese are doing their part! BTC is up over 1000 points since last Tuesday, a major clue that they know about the incoming close!
November 14 2020
The exec VP said it would be the best time to be closing because the price of BTC is high
December 5 2020
What does 19k price of BTC do to the deal? Significant impact, it makes the value of the crypto currency being used in this transaction with the Asian communities, and as collateral offered by the seller, worth more money!
MARCH 28, 2020
2:45 Mega market crash 2 weeks ago, bigwigs have deep pockets and added more collateral to cover the lowering equities and cover the shortages in BTC
4:30 Deal was scheduled to close safely with BTC between the 8000$ and 10000$ levels range, last week BTC was down to 4200 and didn't expect this to keep going
Finally below is Neil's latest ViRSE investor update for June 2022. It doesn't appear Neil is as optimistic regarding the crypto decline having a positive impact on the deal like Mike claims:
We are sending a written update further to our video update at the beginning of the month to share progress on the status of the important month of June relating to activities as we continue to plan for repay.
The financial and particularly cryptocurrency markets have experienced a substantial downturn and correction in the past week which has undoubtedly affected financing activities. We do expect to continue with the plans for repayment as things stabilize but must assess the timeline and report back in terms of schedule for next steps.
Notwithstanding market conditions the company has been promoting its launch at major industry events and Tracy Hutson recently have a Keynote address in Austin. We invite you to view the recording of the talk and also the short recap by the event emcee who independently verified the potential value of Metaverse “Land” citing a sale in the range of $400k for a plot.
Followers of our previous investor update videos should be reminded of stories from previous updates that have now come together to create this incomparable platform ViRSE.
Next week ViRSE will be continuing with its marketing plan with participation in the major conference of the industry; NFT.NYC 2022. Although the market may be subdued currently, our long awaited product has reached an important milestone in terms of completion and we can begin its roll out as well as the associated positive cash flow to commence for sharing with all stakeholders.
We will update again after NYC!
PS. Neil has now released two promotional ViRSE videos and a few Investors updates and has yet to release the promised Mike G Deal video Mikey has been claiming is coming "next week" since early March 2022.
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