@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).
@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.
looks like the co. posted their AGM video on their website. good bkgd info, especially on zetrix. seems like the digital asset in their balance sheet are stablecoins. can watch the video from their website https://www.myeg.com.my/investor-relations/general-meetings
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: O&G healthcare service provider, Metro Healthcare Berhad aims to list on the Ace Market!
MQ Trader 948 views | 6 d ago
0:17
New IPO: Life Water Berhad, a manufacturer of drinking water and carbonated beverages, aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
OrlandoWeb3AI
4,909 posts
Posted by OrlandoWeb3AI > 2024-07-13 13:26 | Report Abuse
Cost of producing the token is part of the development cost
This cost is very very small that is why not in cost of sales?
Development cost is amortised