Armselig, die Anwälte werden da noch einiges an realer Arbeit leisten. 2021 kommt vielleicht das Ende, da kein nenneswertes Eigenkapital zur Leistung von Schadensersatzansprüchen..
NCCO Foundation Coin Update:
We recognize that we have not provided an update on the NCCO coin since May of this year and wanted to make sure that all NCCO coin holders were up to speed on the status of the NCCO coin.
As indicated in our previous update, the Foundation was officially set up in the summer of 2018. As outlined in the NCCO whitepaper all proceeds from the sale of NCCO coin were to be transferred to the Foundation and be deposited in the Reserve Account. The British Columbia Securities Commission (BCSC) has blocked NetCents Technology Inc (NetCents) from transferring the sale proceeds to the NCCO Foundation Company and has forced NetCents to remove the NCCO coin from its exchange. All funds raised from the initial NCCO coin sale continue to be held in a lawyer’s escrow account and may not be released without the BCSC consent.
Both NetCents and the NCCO Foundation understand that this is causing serious frustration and anxiety to NCCO coin holders and have been trying to rectify the situation. Numerous document production orders have been sent by the BCSC and responded to by NetCents regarding the NCCO coin sale. NetCents is committing to resolving this as quickly as possible, however they have been stonewalled by the BCSC. We fully appreciated that the NCCO coin has been tainted by this freeze and have volunteered to the BCSC that the original NCCO coin sales be unwound and that all sale proceeds be returned to NCCO coin holders. Unfortunately, the BCSC is currently overwhelmed and has indicated that they will not be in a position to review further the NCCO coin file before Q1 2020. We are highly frustrated by this but have no control on the timeline of any discussions with the BCSC. We will keep you posted in a timely fashion on further developments.
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