Shareholders:
The custodians have been in communication about steps that can be taken to limit our risk in the event of an exchange default or other form of malfeasance. The first step we can take is to limit the amount of shareholder granted NBT that can be lost at any one time while still providing the appropriate amount of liquidity on an exchange.
I (and others) will begin to reallocate our holdings to reduce exposure on CCEDK and BTER.
THIS ACTION IS NOT DUE TO ANY CONCERNS WITH CCEDK OR BTER, INDIVIDUALLY. Both exchanges have conducted themselves in a very professional manner. My reallocation should not be viewed as a lack of confidence in their leadership or security. These steps are being taken out of an aversion to risk, in general.
You will see a shift in the values reported by liquidityinfo in the very near future. I will provide a reporting of the “before” position and then provide additional information about the “after” position. The publicly visible addresses that I will be moving the NBT removed from the exchanges will be made available in that second report. I want to do this in the most transparent manner possible, so if a shareholder has questions, I will do my best to answer them.
Thank you.
//KTm
