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Monday, February 01, 2016 1:08:07 PM
They are offering 5 million Pinkcoin's @ $1.0 per coin to represent the $5 million in color diamonds held as asset.
Thus 1 Pinkcoin = $1.00 of the $5 million in diamonds
If the value of those diamonds increase say 15% then so does the Pinkcoin, just at book value.
Add in premium as buyers use coin to hedge currency to move capital out places like China, Russia, and Brasil, and you could even have more premium value to each coin.
But regardless there is a floor set on each coin based on value of those diamond assets. This least provides a floor and stability some of these other coins that fly all over the place dont have....an net asset value.
You could see a institutional investor, or better yet some Forex banker partner with PNIK to use these coins as hedge on currencies, and inject friendly capital to increase asset holdings, and take the stock up.
Look for bounce off 200 day average here around 2.50 back above $3.00 in short term. Float super thin...and more the company provides information and markets these coins the more this low float play could run.
there are a lot of crypto coin players around the world..once word that Pinkcoin is publicly traded this could catch fire some. we shall see
Have a great low float, or killer chart to share with our group of traders?
Post it up on my new board!
Sweet Crude's - Low Float and Chart Plays (please join)
http://investorshub.advfn.com/boards/board.aspx?board_id=21852
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