Thanks for the comment David.
Do we believe the 1 dollar CHO price is sustainable?
I believe the main reason CHO is at 1 dollar is because there is very limited supply at the moment (a very tiny proportion of the available supply was put up for sales). Also most of those tokens are locked in for a fair bit of time.
Once the lock-in period goes away, there will be a big downside risk as people take profits.
More importantly, we need to know what the fundraising is being used for? (Future expansion i think)
For me, I was expecting the first fundraise to help with the app and customer service.
These are still dire based on my experience / experience of others from what I read on the seedrs page and telegram group.
If we can’t sort the basics after so many years (crypterium has been around for over 4 years now), it will be hard to attract new customers when customers at the moment can’t even do their KYC without encountering a lot of issues / top up without any issues / app crashes most of the time with the current level of customers / app crashes when market is volatile.
We need to learn how to walk first, before attempting to run.
With a high cash burn, does offering 15 percent return on USDC make sense?
The investor update mentions prudent risk management - how does offering high return when there is a massive cash burn happening / high operational risk with current customer service levels make much sense in terms of prudent risk management scores?
It will be good to get those answers before any future fundraise / token sales.
Having measurable KPIs around those with target dates would help I think.
Hopefully the management can provide those answers before any future fundraise