Mr. Andrew Kiguel reports
TOKENS.COM PROVIDES CRYPTO INVENTORY UPDATE
Tokens.com Corp. is offering an update of its cryptocurrency holdings.
Cryptocurrency values have seen a steady increase in value since Jan. 1, 2024. The table below shows Tokens.com's key crypto token holdings and corresponding value as of Jan. 15, 2024, based on one ethereum $2,543.75, one dot $7.59 and one solana $95.32.
Crypto Quantity Value ($USD) Value ($CAD)
Ethereum 3,148 $8,007,725 $10,722,344
Dot 227,157 $1,724,122 $2,308,599
Solana 18,055 $1,721,003 $2,304,423
Total $11,452,850 $15,335,366
340 ethereum are held at Genesis Global Trading which
is undergoing a restructuring process that may result
in some of the tokens not being returned at full value.
18,001 solana are held at Genesis Global Trading which
is undergoing a restructuring process that may result
in some of the tokens not being returned at full value.
In addition to the information above, Tokens.com is supported by a current cash position of approximately $3.05-million (U.S.) ($4.1-million) in cash and cash equivalents. Management also notes, this does not include the value of the company's digital land assets.
Other updates
On Nov. 8, the company announced that it has commenced a strategic review that could result in a full or partial sale of the business divisions or intellectual property within those divisions. The company is also exploring sale of its domain names and has retained a broker to accomplish that task. An independent committee of the board has been established to review potential transactions.
Neither the board nor the committee have set a timetable to complete the strategic review process nor have any final decisions been made relating to strategic alternatives at this time. To date, management has been involved in several conversations with third parties to enhance shareholder value, although, at this time the company does not have an update.
The company also anticipates releasing its 2023 year-end audited financial statements before the end of January.
About Tokens.com
Corp.
Tokens.com is a technology company that builds products and services that connects brands to consumers in 3-D Internet environments, including popular gaming and metaverse platforms. The company also earns revenues through staking an inventory of owned cryptocurrencies.
Tokens.com's solutions give its clients a more engaging way to connect with their existing clients, and access to a new generation of consumers who spend time on platforms such as Roblox and Fortnite.
Tokens.com also manages an inventory of valuable cryptocurrency, digital real estate and a collection of top-ranked crypto-related domain names.
We seek Safe Harbor.
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