EQS-Ad-hoc: Advanced Blockchain AG / Key word(s): Cryptocurrency / Blockchain Advanced Blockchain AG: New portfolio valuation and examination of legal measures
Berlin, 30 September 2024 – Advanced Blockchain AG (ISIN: DE000A0M93V6, WKN: A0M93V, Ticker: ABX) today publishes the updated portfolio valuation of its Top15 token portfolio holdings as of 30 June 2024. The cumulative value of all Top15 tokens amounts to around USD 30 million. As part of the ongoing investigations into the 2023 financial year and the first half of 2024 and the review of the valuation results for the token holdings, it was determined that the company had incorrectly submitted a significantly too high holding of a single token to the valuation company and that the company's notification of 21 February 2024, which reported the total value of the Top 10 token portfolio at EUR 57.5 million, was therefore incorrect. The present valuation as of 30 June 2024 now takes into account the correct holdings of the respective tokens and relates to 15 token holdings, instead of 10 token holdings as of 31 December 2023.
Based on the current interim status of the ongoing investigations, in particular into the financial years 2023 and the first half of 2024, but also previous periods, the Supervisory Board is currently examining the implementation of civil and criminal measures, both against the previous sole member of the company's Management Board, Simon Telian, and other persons closely associated with the company, in particular due to the betrayal of business secrets and the misappropriation of company funds. Investor Relations contact Hatem Elsayed, COO ir@advancedblockchain.com +49-(0)40-6091-8677 End of Inside Information
30-Sep-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Advanced Blockchain AG |
Scharnhorststraße 24 | |
10115 Berlin | |
Germany | |
Phone: | +4930403669510 |
Fax: | +4930403669511 |
E-mail: | info@advancedblockchain.com |
Internet: | www.advancedblockchain.com |
ISIN: | DE000A0M93V6 |
WKN: | A0M93V |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1997885 |
End of Announcement | EQS News Service |
|
1997885 30-Sep-2024 CET/CEST
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.