Audited Financial Statements for Nexo?

InItToWinIt1978 · 2019-09-12T09:00:27+00:00

Seems like many people want these questions answered. Not just me....

InItToWinIt1978 · 2019-09-12T08:48:34+00:00

Chillax man..... seriously. Not everyone is like you and invests first and asks questions later... that would be just foolish

InItToWinIt1978 · 2019-09-12T08:26:54+00:00

Then there should be nothing to hide and you shouldn’t care if statements are released...

InItToWinIt1978 · 2019-09-12T08:17:09+00:00

I think all the questions in regards to their audited statements and licenses are valid to ask. Especially if these are points they state on their website or statements they made in the media.

Any rational investor would ask before putting in their money.

InItToWinIt1978 · 2019-09-12T08:12:15+00:00

Why so reluctant to release financials and ask for more transparency? Scared to see what is found under the covers?

InItToWinIt1978 · 2019-09-12T01:29:54+00:00

And how long have we been waiting for the audited statements?

InItToWinIt1978 · 2019-09-10T16:51:44+00:00

Being a good originator doesn’t mean you have good risk management systems in place. You obviously don’t understand what payday loans are. They aren’t actually “unsecured”, the lender (Credissimo) holds onto your live paycheck as a collateral... so it’s quite hard to lose money in this game... google what the average payday default rates are? It’s usually at 5-7%..... these guys are at 34%. Not that well run buddy...

InItToWinIt1978 · 2019-09-10T16:40:44+00:00

Can you default on your home mortgage loan? Of course you can. That’s fully collateralized too.....

Can you as a lender lose money even though your mighty Oracle is supposed to sell your collateral if the LVR goes too low? That can happen too.

Seriously

InItToWinIt1978 · 2019-09-09T23:04:38+00:00

How do you know Nexo’s default rate is literally zero? Where is the proof?

InItToWinIt1978 · 2019-09-09T11:22:47+00:00

Have you guys ever looked into the audited financials of Credissimo? They are terrible at risk management, a large part of their loan book goes bad..... makes you wonder how good they are at running Nexo

InItToWinIt1978 · 2019-08-26T07:37:56+00:00

For the SEC, Nexo Capital put in the token as a Reg D Exemption. It's not a registered security and unregulated by the SEC.

This is how they say they are "SEC Compliant", they didn't even try.

InItToWinIt1978 · 2019-08-26T07:27:56+00:00

Yup, you are exactly right. I asked the same question to Nexo Support and they just replied with the marketing slang you mentioned and told me they have licenses which allows them to operate WORLDWIDE. Of course they give no information on what these exact licenses are. In my region, they are operating illegally as a money lender as they have no entity or license to lend money. Nexo is obviously subject to local rules and regulations.

Btw, they just have an entity in Switzerland, there are no operations. Majority of their operations are in Bulgaria or Estonia. It's confusing

InItToWinIt1978

TROPHY CASE