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Originally Posted by M.A.H.P.'s
great post. also, I think a much larger issue than "is the rng fair" would be "are player deposits segregated/safe". we should all probably spend our effort worrying about that instead of this.
No deposits, you purchase the gold coins. Their redemption is met from their cash on hand, as explained in their business plan/financial filings and annual audit. You can search for 'vgw synergy asx prospectus' for the specifics. They didn't close the deal and planned on a straight up IPO in 2017. They raised $7 million, +/- I believe, and the financials/reports are on file.
The biggest safety valve the players have is their financials are audited and available for others to see via public filings. If management, long term stock market people, pull a fast one....they know full well the consequences they will face. Yes, some grimey companies still absconded with money, but most were very small and relatively new players. Madoff, Enron, etc...are a rarity.
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