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1 month ago | Report Abuse
@OrlandoWeb3AI (1) I, too, believe that the cost of issuing $ZTX is included in development costs, which supports my conjecture that digital assets are not MYEG's inventory of $ZTX; (2) Indeed, digital assets could be acquired, maybe even for the planned ETF; (3) IFRS Interpretations Committee has concluded that cryptocurrencies are not cash; (4) MYEG mentioned, in p.223 of its 2023 annual report, that it measures digital assets at "fair value less costs to sell, with any change in fair value less costs to sell being recognised in profit or loss in the period of the change." This inventory measurement method, while being less common, is allowed for agricultural producers and commodity broker-traders (see paragraph 3 of MFRS 102).
Blog: MY E.G. Services Berhad – A Cryptographic Accounting
1 month ago | Report Abuse
@lawrencecwyen If you are referring to this write-up/blog post, then I am confident to say that it will not impact share prices. This write-up is based solely on publicly available information, which would have been considered by investors and factored into MYEG's share price the moment they were released.