Quote from: IconFirm on August 04, 2018, 06:13:40 PM

Quote from: sidhujag on August 03, 2018, 05:35:33 AM

BCFN is not in a deficit of any kind.

Well, after looking at the financial reports of Blockchain Foundry, which are signed by both Daniel Wasyluk (CEO & BCT post deleter) & Christopher Marsh (CFO), that doesn't appear to be the case:

https://webfiles.thecse.com/investorx/BCFN/1805301938226727.pdf?kY9yLTSm3Jn9nsI9HuLoE1nMoeU1.qlm

The documents clearly state:

Quote

The Company has an accumulated deficit of $2,505,196 as at March 31, 2018, and $2,157,124 as at
September 30, 2017. The Company's ability to continue its operations and to realize its assets at their
carrying values is dependent upon obtaining additional financing and generating revenues sufficient to
cover its operating costs, all of which indicates the existence of a material uncertainty that may cast
substantial doubt about the Companys ability to continue as a going concern.

I'm afraid that this really is quite a damning report on Blockchain Foundry. It also confirms the various (deleted) posts from Syscoin users that they are in desperate need for a cash injection, which can explain the dumping of Syscoin & dubious partnership with peermountain & their very, very shady ICO & a non-existent product. It looks like a typical cash-grab & nothing more.

This, together with the censorship & refusal of Daniel, Christopher or Sebastian to answer any question relating to Blockchain Foundry on the Syscoin thread only fuels Syscoin investors concerns. Deleting & censoring is not the way to deal with the situation - it actually makes it worse & creates even more suspicion.

UPDATE:

The latest financial reports for Blockchain Foundry Inc have been released on 1st March - it's eye watering how much debt they are now in. Their previous deficit has grown from the previous $2,505,196 to a staggering $12,315,218 and a comprehensive loss of $801,878!!

Source: https://webfiles.thecse.com/sedar_filings/00031166/1903011327221843.pdf

Quote from their Auditor BDO on 29th January 2019:

Quote

Emphasis of Matter
Without modifying our opinion, we draw attention to Note 1 in the consolidated financial statements, which
describes that Blockchain Foundry Inc. has incurred losses to date and has an accumulated deficit of
$11,513,340 as at September 30, 2018. These conditions, along with other matters as set forth in Note 1 in the
consolidated financial statements, indicate the existence of a material uncertainty that may cast significant
doubt about the companys ability to continue as a going concern.

Source: https://webfiles.thecse.com/sedar_filings/00031166/1901291610150661.pdf

Meaning that every month Blockchain Foundry Inc. are piling on another $1 million to their deficit while also making a loss.

That's outstanding. What a great job they're doing. Wonderful to know that SYS is in such capable hands......

Just waiting for them to cash out all their masternodes & dump....Peermountain style.

No wonder Christopher Marsh is still hiding.