While you have some hours until more detailed explanations why Amber Trade Ltd has postponed dividends payouts for Q3 take a look at this old article.
It is actual today as well.
http://www.ibtimes.com/why-doesnt-apple-pay-dividend-253145P.S. And pay special attention that we have not cancelled payouts but just postponed.
This is preposterous, and simply not relevant to the discussion, you can't "cancel" agreed-upon dividends.
If a company says it's going to pay a dividend, then "delays" the dividend, in most cases it's criminal/illegal.
Companies have boards, boards make this type of financial decision following it's rules set-out by it's board members.
The truth of this matter probably lies (carefully chosen word) somewhere in the middle of all the hype and assumption, so, let's start there.
1) There is profit being reported in Q3, $914,800 USD.
That means it's either sitting in a bank somewhere, or it's ledger-based profit not yet realized.
2) It's likely there isn't adequate capital to divest to all shareholders.
I'll let that sink-in....
3) Why isn't there adequate capital? I seriously doubt it due to the need for "external financing".
It not likely that any bank will loan AmberTrade $3MIL with it's current business model.
No annual reports, no board, no current financial statements - just a director named Olga Overchuk from Ukraine.
That said, it's fairly safe to assume no Q3 dividends will be paid.
My 13,700 AMBER significantly state how I'd LOVE to be wrong here, but, I doubt that I am.
Another point to consider is that they would need to divest a controlling interest in AMBER in order
to make good with their shareholders.
SO....
Pick a strategy - either AmberTrade LTD is a "company", or it's a crypto-currency.
If it's a "company", then you're actually breaking the law by not paying shareholders an advertised dividend.
If you're a crypto, then you do whatever you want - which is clearly what's happening here.
This party is over, the site's been down for a week, the $$$ is gone - deal with it.
PS - I just sold all my AMBER, if it starts to climb, I may buy back in - who knows.
