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rawman

02/04/19 4:52 PM

#47586 RE: vinovista #47583

Was this sold and at what price point? Just interested for entertainment purposes.


Yes the GRS was sold in a couple of tranches and done at a substantial loss. If memory serves, the exit occurred in Fiscal 2019, i.e. after March 31, 2018. In the quarterly report explanation of the sale CONSULTANT CEO Seth Shaw tried to "mask" the overall total loss by talking about the convoluted GRS selling process. It was something like for a fee the GRS had be converted to bitcoin, then converted to gold, before being converted to dollars. Of course this process was never disclosed when Shaw was patting himself on the back for making the original goofy coin buys.

I seem to remember posting a summary of the trading securities and digital currency gains and losses just prior to the end of calendar 2018. If the post can be readily located, I will again provide the final GRS loss total.
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rawman

02/04/19 5:37 PM

#47587 RE: vinovista #47583

Here's the germane excerpt from my December 21, 2018 post:

BTW...CONSULTANT CEO Seth Shaw did dump the "GOOFY COIN" position prior to September 30, 2018. Although the full loss was somewhat "masked", given the conversions to Bitcoin and precious metals, the "GOOFY COIN" LOSS ULTIMATELY TOTALED -44.1%!


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