SNG GLOBAL DOLLAR VIRTUAL CURRENCY FINANCIAL SYSTEM - FINANCIAL INFORMATION




SNG GLOBAL DOLLAR VIRTUAL CURRENCY FINANCIAL SYSTEM - FINANCIAL INFORMATION

(Original document published by International Business News Network in February 2007) 


1. Who or what is the SNG Global Dollar Virtual Currency Financial System?

It is the international banking and payment system of the G500 Private Investment Group.

2. What is the currency of the SNG Global Dollar Virtual Currency Financial System?

The SNG Global Dollar virtual currency

3. When was the SNG Global Dollar Virtual Currency System established?

It was first established as the Professional Investors Group Financial System in 1994 and operated similarly to traditional banking systems.

At the 2007 AGM it was decided to convert the Professional Investors Group Financial System to a global e-banking and payment system.

The current SNG Global Dollar Virtual Currency Financial System replaced the previous Professional Investors Group Financial System in its entirety in January 2009.

4. Did the current SNG Global Dollar Virtual Currency Financial System platform made an Initial Coin Offering (ICO)?

Yes (January 2009 – December 2012).

5.. How much capital has been raised with the ICO?

$500 billion.

6. What is the maximum amount of SNG Global Dollars that will ever be allowed in circulation?

1 trillion SNG Global Dollars.

7. What was the issue value of a SNG Global Dollar coin in 2009?

$1

8. What is the current value of the SNG Global Dollar coin?

$23 (March 2021)

9. What does the SNG Global Dollar Virtual Currency Financial System strategic growth plan entail?

The strategic growth plan is published on the IBNN blog – https://sngmedia.blogspot.com.

10. How many SNG Global Dollar users (directly or indirectly) does the SNG Global Dollar Virtual Currency Financial System have?

It has over 35 million users in 94 countries.

11. What is the current average turnover of SNG Global Dollars per month?

In excess of $100 billion per month.

12. Are commissions applicable to SNG Global Dollar transactions?

All transactions through the SNG Global Dollar Virtual Currency Financial System’s Bastion Protocol are totally free.

A commission is payable on all transactions conducted through the 100 global decentralized SNG Exchanges.

13. What is the nature of the majority of SNG Global Dollar transactions?

Commercial and speculative transactions as well as paying for goods and services, in that specific order.

14. Are audited records available on the SNG Global Dollar Virtual Currency Financial System?

Yes

15. How can one have Access to Information to these financial records of the SNG Global Dollar Virtual Currency Financial System?

These records can be verified in terms of the IBDF Public Presence Policy, which is published on the G500 Private Investment Group website – www.gabm-pinc.com.

16. Who is the CEO of the SNG Global Dollar Virtual Currency Financial System?

Mr. Richard Thomas - info@gabm-pinc.com / www.gabm-pinc.com

17. Has any party in the past been provided with permission to confirm / verify the audited records of the SNG Global Dollar Virtual Currency Financial System?

Yes:

The South African Government in 2017 and 2018

TLU SA in 2017 and 2018

Media24 in 2017 and 2018

Agri SA in 2017 and 2018

The South African Reserve Bank in 2018

International media in 2018

18. Does the SNG Global Dollar have a website and/or blog where its “Whitepaper” is published?

Yes – https://sngglobaldollar.blogspot.com. Additional information is on the G500 Private Investment Group website – www.gabm-pinc.com.
 

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