The Blockpay/Payger cover up never ends. Recently Christoph Hering in his capacity as forum administrator at Bitsharestalk.org deleted various postings on the Payger thread. We encourage Blockpay ICO investors to take legal action against the beneficiaries of this multi-million fraud (more to come). One of the reasons why Christoph Hering deleted postings was the confrontation with this transaction worth more than a million USD at its time for Ken Code that originated from Blockpay ICO funds https://www.cryptofresh.com/tx/ffd64572889cfdabb5e75993463833949c7f381c . His claims that the ICO funds are audited or even accounted with regard to the applicable legal framework are plain wrong.
Below is another misleading but yet revealing comment from him concerning the "current market situation(sic)". Only illicit ICOs are investigated, and in case of Blockpay it is not the SEC but other Authorities. Contrary to previous affirmations Payger needs more funding, and as already predicted Blockpay investors will be defrauded in the course of any token swap. The Payger token will be a token apart from the stocks company (notwithstanding that the STO is unlikely to happen) giving no proceeds on the core business.
Here is what he previously stated about a rebranding of Blockpay:
I had pointed out the inconsistencies long before. All this scam is orchestrated by his dishonest lawyer-dad, the scumbag Dr. Wolfgang Hering http://hering-law.de/german/wolfgang_hering.html . It is foreseeable that Payger declares bankruptcy. Actually, given the financial situation and no income they would even need to do so under German law.