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Moshe Hogg's crypto may be relegated
Following a request from the Securities Authority, it became clear that Algoz, which was to serve as the celebrant's technological and executive infrastructure for digital currency operations at the public 'Kaman Capital', would not be able to meet the requirements of the stock exchange.
The company is considering introducing an alternative activity to remove the public skeleton from the conservation list
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Moshe is celebrating
Beitar Jerusalem
Crypto
Stock Exchange
Roast Greenberg
Monday, 23 August 2021, 12:43 Updated: 12:54
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Betar Jerusalem fans are not the only difficulty Moshe is celebrating these days; the crypto activity he is trying to bring to the stock exchange skeleton 'Kaman Capital' has also experienced a number of difficulties recently, and is not yet able to enter the Tel Aviv Stock Exchange.
'Kaman Capital' reported that Algoz , which should serve as a technological infrastructure and implementation of celebrating activities buying and selling intelligent digital currencies as part of the public company will not be able to meet the requirements and provisions of the TASE.
this is because S'algoz "can not provide the necessary documents, including financial statements prepared in accordance with accounting standards Of IFRS and valuation, due to purely business considerations, "the report said.
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Moshe celebrates: Last week he learned about "difficulties facing the banking system" in receiving his money, now a new difficulty has been added (Photo: Niv Aharonson)
The concern: delisting from trading on the stock exchange
The result is that the public company will not be able to exit the stock exchange retention list (a list that includes securities of companies that do not meet the minimum requirements required to continue listing the company on the stock exchange) with the help of this crypto infrastructure, and bring value to its shareholders and investors.
The exposure of the difficulty came following a request by the Securities Authority to reflect the activities of Kaman Capital to remove it from the preservation list. This is also not the only difficulty the company has encountered in bringing the crypto activity to the stock market, after about a week ago Kaman Capital reported "difficulties with the banking system in receiving Moshe Hogg's money".
Kaman Capital has stated that it is considering introducing alternative activities that will allow it to be removed from the retention list, in the form of Market Place activity (a site or app that connects products and services to consumers) which is another celebration activity, alongside examining Big Data activity.
The alternative activity score is intended to reassure skeleton investors, since the latter has been on the preservation list since December 2017 and if it does not leave it in December, then it will conclude 4 years of trading on the preservation list, it will be deleted from trading on the stock exchange.
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