In my opinion, today was a very good day for FNC. Trading 2.5 million shares without loosing ground on a day when SX lost 40% of its market cap is validation that the increase in FNC share price is based on more than its SX holdings.
With regards to the sell off of SX, I am not surprised by the drop in share price, given the $200 billion (plus) drop in the value of cryptocurrencies over this week. I am surprised by the trading volume of 36.5 million shares, especially since SX insiders were holding in excess of 22 million shares. I am not not very knowledgeable about Blockchain technology and I have no interest in investing directly in cryptocurrencies (I prefer Au); however, I think the sell off of SX was extreme. Based on what I have read so far, with my limited understanding of hashing, proof of work and P2P, the real value of ZeU has very little to do with cryptocurrencies, but more to do with the speed of Blockchain transactions in general (ie: banking, trading, payment transactions, on-line data storage, cyber security, etc ...even voting). Am I wrong? I haven't bought any SX shares yet, but would like to own some before the spin off of ZeU. I would like to buy some SX below $1. With regards to the SX shares held by FNC, I hope the company is wise enough to hold onto them.