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Leocoin is independant from the LEO marketing side, it's important to know it because even if something wrong happen to the LEO company, the Leocoin will still exist because it's a public token on a public blockchain and tradable on Livecoin and others trading platforms.
But without LEO (Learning Enterprises Organisation Ltd), the MLM, there is no purpose to this coin or infrastructure to even provide for a market demand, ergo, no value.
But, if we talk about the Marketing side of LEO that consist of selling courses on entrepreneurship, self-development, NLP, photography and many others. This side is working very well,
You mean these packs available from the website?
Because they are all sold by Learning Enterprises Organisation Ltd
...and LEO is in Administration:
Second things is that they are currently paying their members every week, in my opinion like many companies only 20% of the members are active, it represent 70.000 members. In conclusion they pay 70.000 members, if you are broke it's difficult to pay your members or it's not the case. This for the marketing side.
So how do you think they are supposedly paying their members if the company is in administration and even the administrator has declared that it cannot be rescued as a going concern?
In fact, the largest debtor it has is a Canadian company which, itself, is about to enter formal insolvency proceedings and will not be able to settle its debt
This is utterly meaningless. Perhaps you don't understand the nature of politics, but this was all just a paid-for meet-and-greet photo-op to give the impression they were actually doing something 'with' the British Government. They were not. Politicians all over the world are sponsored (paid) to attend corporate presentations and seminars in order to lend an air of legitimacy and gravitas. It does not mean those corporations are actually involved with that country's government in a business relationship.
So now the use of the LEOcoin, the members have the possibility to use their LEOcoin on a Mastercard.
http://leomastercard.com/ The LEO-branded pre-paid card detailed on the 2015 website, you mean?
Yeah, firstly, any company can pay to issue branded prepaid cards and this one was done through
https://prepaidfinancialservices.com and, secondly, as you should probably note, even if it is still a thing it's part of Learning Enterprises Organisation Ltd, which as you know, is in Administration
Its social media has been dead since the end of 2018
https://twitter.com/myLEOcrowdDan is stuck in Pakistan and the wheels have finally come off the Learning Enterprises Organisation. You can't surely still be in denial about the reality of what this all means for LEO the coin/token?