Re: SNEY claim to GBG shares, as so stated in a recent SNEY PR .
This is an obvious attempt to use worthless shares of a created out of thin air Co name , GBG , as an asset. Created by whom? A current affiliate of SNEY , big red flag.
How do we know this ? BECAUSE SNEY SAID So in the same PR
" SNEY has 2mm Shares of GBG, and they are currently selling for .5/ea, and will now be reflected in our financial statements "
What ? .5 ea? How was this value determined ? Oh , that's right , " because the GBG SHAREZ are currently being sold for .5ea , PRIVATELY . Meaning , one private sale of even one share could of occurred , and therefore SNEY can " state the value "
So, by that rationale , SNEY now has a $1mm asset , right?? NO , what they in fact have are 2mm pieces of paper that have No value as they have not been traded in the public market , let alone traded for two years , therefore the GBG SHAREZ are NOT AN ASSET in any realistic sense of the word, and can certainly not be used for any declaration to , oh I don't know, make the claim that SNEY will uplist to TSXV based off a stated value of something that is in reality, worthless .
We're that the case then any person could create a Corp w a specific number of SHAREZ ( takes about 30 minutes online ) and then sell just one of those SHAREZ to another person for .5 , and then make the claim they now have a Corp worth millions .
Luckily , for The public protection, regulators are very wise to this transparent effort that many a PINK symbol , not just SNEY , have tried countless times in the past.