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1. MYEG don't know who are the buyers of their token and the token asset in balance sheet is value at the market price, I suppose based on demand and supply. At the moment the supply is more than demand, will the token value go down?
2. MYEG is competing to have their blockchain technology adopted as the standard by Malaysia government and hopefully by ASEAN in 5 years. In this endeavour MYEG needs to be much more aggressive and 5 years is too long.
Conclusion, the future outlook is still very cloudy. That is my understanding. If anyone has more in-dept knowledge, you are welcome to correct me or add your comment.
Immediately after Right Issue price dilutes by 25% (1 for 4). The right issue price discount 10% to 30% may not be enough to cushion the price dilution. Is this the best way to raise capital?