Re-explanation of ‘Wemix’ token sale to shareholders
“There is no securitization of Wemix that is not disclosed”
“There are banks that will lend you money with Wemix as collateral”
[서울=뉴시스] Reporter Oh Dong-hyun = Wemade CEO Jang Hyun-guk reaffirmed his promise to shareholders on the 31st, “There is no liquidation of WEMIX that is not disclosed.”
CEO Jang held a shareholder meeting following the regular general meeting of shareholders this morning and actively explained the mass sale of ‘Wemix’ last year.
In particular, he couldn’t hide his excitement, saying, “There are a lot of malicious fake news that are different from the truth.” He continued, “As for the facts, you have to believe the words of the company (Wemade) apart from judging the value. If I do not tell the truth, I will be subject to legal punishment. On the other hand, you shouldn’t believe what people say without getting punished for not telling the truth.”
He also said, “I can’t understand how news that distorts facts helps Wemade, society, or the blockchain industry at all. I hope that there will be no news that distorts the facts. The company is thinking about how to respond wisely,” he said. Anyway, I will work hard.”
Previously, WeMade sold 108 million ‘Wemix’ tokens issued on its own from November 2020 to 2021 to cash 227.1 billion won, of which 166.7 billion won was used to acquire SundayToz, which is famous for its Anipang game series. In particular, it was revealed that they sold 160.9 billion won worth of money in the market in the fourth quarter of last year, when the price of Wemix soared.
The problem is that it was sold without prior notice to Wemix investors.
Despite these controversies, WeMade reflected Wemix liquidation sales in the fourth quarter of last year, and announced that it had achieved “historic performance since its inception.” In the fourth quarter, it announced sales of 352.4 billion won, operating profit of 254 billion won, and net profit of 425 billion won. Sales increased by 656% compared to the previous year, and operating profit and net profit also turned to black.
However, it was revealed that if Wemix liquidation sales were subtracted from 225.4 billion won, the actual sales were 126.9 billion won and operating profit was only 28.5 billion won.
Also, some time later, Wemade corrected its earnings announcement, saying, “We excluded securitization sales as player income, so we excluded them from the 4th quarter sales.”
In this process, criticism of WeMade’s Wemix token sale was strong, and WeMade had already announced the WeMix securitization plan through a white paper, thus showing that there was no legal problem.
He also explained that the reason for selling Wemix on the market was “because we couldn’t find a block deal or private sale method.”
However, recently, he revealed that he was looking for various ways to mobilize Wemix.
CEO Jang said, “The value of the Wemix token has risen a lot. There are many companies that want to receive direct investment through Wemix. There are also banks that offer to lend money using Wemix as collateral,” he said.
Then, CEO Jang said, “We need to find a lot of investment places and secure financial resources, but things are going well now. However, if there is really no other way, we will disclose it and liquidate Wemix.”
Meanwhile, WeMade emphasized that its employees are guaranteeing the best treatment for employees working in new fields that they have never tried before. CEO Jang said, “WeMade is moving toward a company that can be compensated as much as it has contributed to its growth. Also, although it has not been done yet, the financial resources for Wemix’s compensation are considerable. We will use it all for our employees,” he said.
According to the Wemix white paper, tokens equivalent to 9% of the Wemix issuance are set as compensation for employees.
◎ Sympathy Press News odong85@newsis.com
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