//is Https://smartgold.so/ ICO a Scam?

is Https://smartgold.so/ ICO a Scam?

https://smartgold.so/ Tanzania E. Africa $USD3.7 Million raised. ICO ends: 2 weeks. No token built, no smart contract, no permits and no money back to investors when they can’t raise the required $14.2 Million capital to fund the startup project? Company Telegram response: We’ve taken the money and not returning any as we have an agreement with private investors to fund the project. Q? Have you disclosed this to the token holders and public? No company response. SmartGold represent that I.0 Smart Gold Token (SGT) being offered for $USD18.00 is worth 1.0-gram (99.99% purity) stamped gold ingot with serial number when the current LME value for I.0-gram 99.995% purity is $USD43.56 today. Q? How is that possible? Company Telegram answer: Giving the gold away @ cost $18/gm Giving away the 1st 1,000,000 grams @ $43.56/gm – $18 received/gm = ~$25.56/gm loss * 1,000,000 gm = $25,560,000 losses. No Telegram response from the company as to the $25.56 Million free gold giveaway. They represent “Blockchain asset based on the real gold mining” when their only processing tailings once they acquire a permit, concessions and equipment? It’s a complete start up! The 80,000 tons/year tailings processing plant processes the gold to 95% purity. How is it that they’re ingots are represented @ 99.99%? They’re ingot image is actually carved plastic and the purity is incorrectly carved in @ 999.9 instead of 99.99 Without the processing plant there is no processing and they require $USD7.08 Million for their stage one tails processing to begin and with 2 weeks left and $3.4 Million short, what are they doing with the money they took? There telegram is a sham there’s nothing real. No real discussions other than my questions. You be the judge.

https://smartgold.so/ Tanzania E. Africa $USD3.7 Million raised. ICO ends: 2 weeks. No token built, no smart contract, no permits and no money back to investors when they can’t raise the required $14.2 Million capital to fund the startup project? Company Telegram response: We’ve taken the money and not returning any as we have an agreement with private investors to fund the project. Q? Have you disclosed this to the token holders and public? No company response. SmartGold represent that I.0 Smart Gold Token (SGT) being offered for $USD18.00 is worth 1.0-gram (99.99% purity) stamped gold ingot with serial number when the current LME value for I.0-gram 99.995% purity is $USD43.56 today. Q? How is that possible? Company Telegram answer: Giving the gold away @ cost $18/gm Giving away the 1st 1,000,000 grams @ $43.56/gm – $18 received/gm = ~$25.56/gm loss * 1,000,000 gm = $25,560,000 losses. No Telegram response from the company as to the $25.56 Million free gold giveaway. They represent “Blockchain asset based on the real gold mining” when their only processing tailings once they acquire a permit, concessions and equipment? It’s a complete start up! The 80,000 tons/year tailings processing plant processes the gold to 95% purity. How is it that they’re ingots are represented @ 99.99%? They’re ingot image is actually carved plastic and the purity is incorrectly carved in @ 999.9 instead of 99.99 Without the processing plant there is no processing and they require $USD7.08 Million for their stage one tails processing to begin and with 2 weeks left and $3.4 Million short, what are they doing with the money they took? There telegram is a sham there’s nothing real. No real discussions other than my questions. You be the judge.