Still silence, no news at all, and it seems its delisted from coinall...it seems it was scam, after all
Too bad, looked good on paper...but so many other scams did, too
Yes, previously we have seen many analysis about the Bidooh which seems to be very accurate updates about the company. Without any updates from the company will always lead to losing more value in the market and some of the exchanges are delisting this coin. So even we don't see any updated from the company.
Today in telegram they said they're suing two team members, but since chat is read -only, it would
be nice if we could get more info (and maybe discuss it) here
Copy/paste from telegram chat:
"20th January 2020 – Token community release
You will be aware that Bidooh has been silent for a number of months, but we are now in a position to be able to explain why this was.
Our technical team at Apadmi advised us on the 13th August 2019 that the Bidooh platform had been seriously tampered with. Further investigation by ourselves and Apadmi provided us with sufficient evidence to begin legal proceedings which led Justice Arnold, sitting in The High Court of Justice in London on 11th September, granting us a court order:
1. to attend the homes of the Bidooh Co-Founders, Abdul Alim and Shaz Mughal
2. whilst there, to examine and copy all relevant technical equipment and to provide us with access to all of Abdul Alim and Shaz Mughal’s computers and digital communications devices; and
3. an injunction pending full trial which prevents Abdul Alim and Shaz Mughal from infringing copyright in Bidooh’s computer code
Furthermore, Abdul Alim and Shaz Mughal are no longer directors of Admoments Holdings Limited, which is the registered company name of Bidooh.
Following this injunction there has been a period of thorough investigation to understand the impact of these events on our business and specifically the Bidooh technology. During this time, we have also spoken to our business partners and have been made aware of the extent of the impact for both Bidooh and our partners. This is yet to be fully concluded.
Following the execution of the injunction on 13th September 2019 we continue to press on with the remaining legal steps necessary to obtain final judgment against the defendants, Abdul Alim and Shaz Mughal, and reimbursement of our costs.
As a result of all this, the business is in a particularly vulnerable state. However the remaining management team are working with the current shareholders to determine a viable strategy for the future of the business.
To make it clear and in the interests of transparency there have been no misappropriation of funds in the business. All funds spent within the business have been for the management of the ICO, software development and client growth.
Please therefore take this communication as confirmation that Abdul Alim and Shaz Mughal are no longer authorised representatives of Bidooh, Admoments Holdings Limited, Bidooh (Gibraltar) Ltd, Bidooh Limited or Bidooh Holdings Limited.
For business reasons we cannot respond within Telegram so please email
info@bidooh.com if you have any further questions.
Regards
The Bidooh Team"
