Litecoin in the end? The Litecoin Foundation is out of money

The Litecoin Foundation (Litecoin Foundation, LF) has hardly any money left – the income fell by more than a Million in the past year to minus $ 80,000 in this year.
The taking of a Million was mainly due to a donation of 830,000$, but also revenue from the sales of Goods were generated in the amount of about 200.000$.
What exactly it was is unclear – presumably, the revenue derived from the sale of T-Shirts with “Hodl”-print and sales in connection with the “Litecoin Summit” conference.

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Loss of $ 80,000

For this year, they had to be recorded with the Merchandising strangely enough, a loss of $ 80,000: cost of 280,000 dollars in revenue from just $ 200,000 to be.
How you can lose through the sale of T-Shirts, money, nobody knows – it could, however, have more to do with the conference, which will begin in a few days with the talk of Ron Paul.
Litecoin-founder Charlie Lee about how long the rest of the assets is still sufficient:

“We just did a quick estimate and our current duration is between 1 and 2 years, depending on how the finances for the Litecoin-look summit.”

He was more clear: “today We have about 200,000 dollars, which is about 2 years of life.”

Shops behind the Scenes

The actual Figures show that they give a total of 137,000 dollars for employees and $ 36,000 for Marketing, 24.500 dollars for lawyer fees and $ 4,500 for advertising is questionable, therefore, how the $ 200,000 for two years to keep.
In addition, you have some non-public transactions with the Bank and TokenPay that you have tasted, apparently, 2.8 million dollars
In the past year, the Foundation has bought 10% of the WAY to the Bank with the Option to purchase a further 80%. This 2.8 million dollars could be the cost for this Option.
The Foundation is apparently only $ 1,500 for Software and Cloud Services – and this could be just the cost of the website, because the costs for the development are not even mentioned.
This may be due to the fact that no takes place, because Charlie Lee himself has sold his Litecoin-stock at the peak of the bull market in December 2017.
Text evidence: trust nodes

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