Recent content by bfoster

Here are the financials for Q4 2023. As noted with the Q3 update, we drew from the legal and infrastructure budgets to cover compensation payments during this quarter. We also closed out the Japan escrow as the parties involved with that initiative were non-responsive and/or have not made any...

Attached are the Q3 financials. Please note that starting in Q4, we will be drawing from the legal and infrastructure funds to allow us to pay the team until we can obtain more funding from the network. Of note in this quarter, there was an erroneous tax receivable that was zeroed out of other...

Sorry, I'm not very familiar with the forum; I think I've done this.

Attached is the DCG Q2 2023 Balance Sheet and Income Statement. Sorry for the delay in publishing these; we have been transitioning to a new CPA and given the complicated nature of the DCG accounting and budget system, some training and extra review was required for this quarter. For those who...

We would like to but it will depend on how the market fairs; we need to make sure we have sufficient comp funding for the rest of the year.

Attached is the DCG Q1 2023 Balance Sheet and Income Statement.

I do not know what Bank they use but as far as I knew, they don't have much of a need for cash (at least not in the current market)?

For those who may not be aware, Dash Core Group uses Signature Bank for our day to day banking needs. As has been reported in the news over the past days, Signature Bank has been closed and Signature Bridge Bank, N.A. has been formed and officially opened its doors with all of the deposits and...

Attached is the DCG Q4 Balance Sheet and Income Statement.

My initial guidance to the investment firm was to raise the specific cash that we need in a manner that reduces the amount of losses being realized. I just spoke with the Investment firm today to get their opinion of our current position and to explain that we want to reduce our risk-level in a...

DCG Management has been liquidating all fiat and Dash holdings as slowly and methodically as possible to avoid realizing more losses than necessary. Liquidating everything now would be purely an emotional decision which is very bad investment practice. I'm not sure what the suggested decision...

Please see the HPMN FAQ page https://www.dash.org/hpmn-faq/

Done

Attached is the DCG Q3 Balance Sheet and Income Statement. A couple of points to note: 1. There was an incorrect accounting entry in Q2 that overstated our marketing expenses; that was reversed/corrected in Q3 thus resulting in the negative marketing expenses. 2. The P/L is showing an...

Hi @Apoloniusz My previous statement about DCG not hiring a 3rd party advisor was not correct. I have recently gotten access to the brokerage account and I've learned that it is in-fact a managed account. DCG provided guidance to them on our objective for the investments (i.e. to hold low risk...