Hi Zapier,
Thank you for your interest in Unicoin!
My update this morning has generated an avalanche of questions. Let me respond to some of the most common ones:
1/ Unicoin is NOT becoming DiamondLake.
Rather, we traded 1.8% of our authorized stock for 51% of the DiamondLake stock.
At the intraday $230M market cap of DiamondLake, that implies the $6B+ valuation of Unicoin.
It’s a theoretical valuation though, as Unicoin stock is not publicly traded because the SEC maliciously precluded us from going public as a part of its unconstitutional War on Crypto.
2/ DiamondLake will be registered as a DBA (Doing Business As) name of Diamond Lake Minerals, Inc.
Though they have been focusing on tokenization for some time now, they kept their 1953 corporate name.
We may formally change their corporate name and stock ticker when uplisting on a major exchange. (It’s our objective though success cannot be guaranteed.)
3/ DiamondLake’s market cap does have a chance to exceed the $151B market cap of BlackRock but, let me reiterate: success is never guaranteed.
We need to work hard, and the stars have to align for that to happen. But if we do it, it will be LEGENDARY.
4/ No, I do not own any stock of DiamondLake personally or through any third parties.
I don’t know of any Unicoin executive who does.
Out of abundance of caution, I refrain from capitalizing on the DiamondLake stock rally to avoid malicious charges from the SEC about “insider trading”. Even now, that the news is out.
5/ The deal was formally disclosed last Friday afternoon, through an 8-K filing with the Securities and Exchange Commission.
It did prompt a sharp increase in DiamondLake stock price.
This is the WSJ data:
The Yahoo Finance report seems to be more recent:
5/ I cannot recommend whether or not you should buy DiamondLake stock, as I am not an independent financial advisor.
One option I can offer to those who prefer fixed-income instruments is our 20% High-Yield Note. We’ve been paying this interest for about three years now:
With very best wishes,
Alex Konanykhin
CEO, Unicoin Inc.
Linkedin.com/in/konanykhin
Konanykhin.com
Unicoin.com
1 World Trade Center
85th Floor
New York, NY 10007
CEO, Unicoin Inc.
Linkedin.com/in/konanykhin
Konanykhin.com
Unicoin.com
1 World Trade Center
85th Floor
New York, NY 10007
P.S.: My updates focus on our journey towards becoming a publicly-traded company and on our efforts to turn our Unicoin into a major cryptocurrency. These updates are not intended to serve as financial advice or to replace our official reports filed with the SEC. Please note that I cannot possibly answer all the questions myself, so your response to this message may be processed by members of our Investor Relations team. “Unicoin USA” term is occasionally used for Unicoin Inc., a Delaware corporation. My past updates can be found at u.site/updates
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