Does Rimix Point still need a lot more time for stock price recovery?!

　Will Remix Point's stock price recovery take more time?

On July 12, Bitpoint Japan Inc., which disclosed a cryptocurrency illicit outflow of about 3 billion yen, held a press conference on the 16th. The company’s President and CEO Genki Oda and COO Jinjo Tomohito explained apologies regarding the incident and future developments. They stated that the likely cause of the outflow was a smart wallet server that manages private keys being unlawfully accessed, resulting in assets from about 50,000 of the company’s 110,000 members being leaked. As for the future measures, they are conducting investigations and analyses of commercial system logs, vulnerability assessments during hot wallet implementation, and investigations and tracking of the illicit outflow destinations, with requests for cooperation from overseas cryptocurrency exchange operators as well. They also noted that the possibility of an internal act is still under investigation at this time.

Source:https://coinchoice.net/bitpoint-open-press-conference_201907/

In addition, it was stated that about 50,000 members who became eligible for compensation in this incident have been repaid in cryptocurrency, and going forward, a flow of ensuring safety, refunds, and resumption of various services is expected to unfold.

The handling by BITPOINT is unlikely to have a very positive impact on Remixed Point (Remix Point), because in the past similar illicit outflows occurred with Coincheck, where extremely prompt countermeasures were taken and refunds were made to the investors who were eligible for compensation.

For shareholders of Remix Point, which wholly owns Bit Point, and as a market consensus, it can be conjectured that based on past cases, refunds would have been made faster and at least a minimal restoration of trust would have been pursued.

Of course, Remix Point's cryptocurrency-related business is diverse, but because it represents one of the most widely known and straightforward business models, its recovery in stock price is likely to require even more time, in my personal view.

Now, together with examining Remix Point’s charts and the movements of institutional investors, I will forecast future stock price trends.

What is Remix Point’s short selling situation?

ーーーーーーーーーーーーーーーーーーーー

【The rest of this article can be read completely for free at the link below】

↓

https://fundpressss.com/archives/1268

(For public release to buyers, please rewrite this section)