Posted by OrlandoWeb3AI > 2024-07-13 13:26 | Report Abuse

Cost of producing the token is part of the development cost

This cost is very very small that is why not in cost of sales?

Development cost is amortised

Posted by OrlandoWeb3AI > 2024-07-13 13:32 | Report Abuse

Digital assets part acquired part received from sale of Zetrix token?

Posted by OrlandoWeb3AI > 2024-07-13 13:33 | Report Abuse

Digital assets is for ETF to be launched?

Posted by OrlandoWeb3AI > 2024-07-13 13:35 | Report Abuse

Is cryptocurrency cash and cash equivalent?

Posted by OrlandoWeb3AI > 2024-07-13 13:39 | Report Abuse

Digital assets stated cost less impairment

Appreciation in value should not be booked in

Inventories treatment

Posted by lawrencecwyen > 2024-07-13 15:26 | Report Abuse

Will the said report have any major negative or detrimental effect on MYEG's stock price? Or any circumstantial evidence of foul play here?

Posted by Salaryman130 > 2024-07-13 16:52 | Report Abuse

@OrlandoWeb3AI (1) I, too, believe that the cost of issuing $ZTX is included in development costs, which supports my conjecture that digital assets are not MYEG's inventory of $ZTX; (2) Indeed, digital assets could be acquired, maybe even for the planned ETF; (3) IFRS Interpretations Committee has concluded that cryptocurrencies are not cash; (4) MYEG mentioned, in p.223 of its 2023 annual report, that it measures digital assets at "fair value less costs to sell, with any change in fair value less costs to sell being recognised in profit or loss in the period of the change." This inventory measurement method, while being less common, is allowed for agricultural producers and commodity broker-traders (see paragraph 3 of MFRS 102).

Posted by Salaryman130 > 2024-07-13 17:01 | Report Abuse

@lawrencecwyen If you are referring to this write-up/blog post, then I am confident to say that it will not impact share prices. This write-up is based solely on publicly available information, which would have been considered by investors and factored into MYEG's share price the moment they were released.

Posted by OrlandoWeb3AI > 2024-07-13 17:54 | Report Abuse

What is your take on the entries for the sale of a Zetrix token?

Posted by lawrencecwyen > 2024-07-14 18:29 | Report Abuse

Thank you for your affirmation @Salaryman130.

Posted by falvin > 2024-07-15 14:16 | Report Abuse

looks like the co. posted their AGM video on their website.
good bkgd info, especially on zetrix. seems like the digital asset in their balance sheet are stablecoins. can watch the video from their website https://www.myeg.com.my/investor-relations/general-meetings