Pringles


1420g in Factories

584 Shares

Rights Issue at 4g/share Finished

Financing Run Evaluated: 2400g


After a successful rights issue Pringles are now managing an overwhelming amount of factories worth 1420g. They issued their first dividends of ~0.17g/share to a total of 100g. 


Where are the remaining 1000g from their evaluation?


Some of the gold can be assumed to sit in reserves, but what warrants 1000g sitting in the bank? Shouldn't that gold be used to further investor interests?


In a recent article from Pringles they have announced a change of business strategy. They are attempting to become an investment bank, receiving hundreds of gold from eager savers in exchange for interest.


Lets review their most generous offer:


"100+ gold =14days 7.5% interest PER DAY on the initial funds."


If we invest 100g into their holding, that 100g is locked up for 14 days. Once the 14 days are up, we will get a clump sum of 7.5% of the initial investment back per day. That's 7.5g in profit per day, to a total of 105g in 14 days, with a total sum of 205g returned (with the initial lent sum).


For those wondering, YES this is a ridiculous amount of interest in just two weeks time and it begs the question on how they plan to convert 100g into 205g in just 14 days. It could be a scam, bad business planning or if successful, an impressive feat. This however imposes a serious threat to existing investors and potential customers into the loaning business. Does Pringles really have investors best interest in mind?

Pringles is yet to impress their investors with return on investment.


Is Pringles a Scam?

Though Pringles seems to be running with inefficient business practices and fail to give investors return on investment so far, it's too soon to call Pringles a scam as we have no clear evidence of fraud against investors. Be cautious, It's starting to look more and more like a pyramid scheme.


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