I may have missed in your 3 previous articles on Kinesis, but you keep keying on the bi-annual audits:
“This is a blatantly false claim, clearly the CEO of the company knows that Kinesis Money has not been providing biannual audits. Why won’t he own up to it?”
This is a dishonest claim by you. It is very well known why audits have been delayed during the time frame you listed. Will you own up to the reason given multiple times to the Kinesis community/users from the company?
The fact is, they claim biannual audits all over their website, and the CEO claimed it again in a video two days ago. Doing or not doing an audit is a binary thing. Kinesis didn't do them, or if they did, they didn't publish them. According to the Kinesis Money website, the first KAU and KAG tokens went into circulation in late March or early April 2019. It's now the end of 2022, but they have only published three audits, one of which is an incomplete audit despite claims that audits will be "full audits." Whatever excuses they made for not performing the audits have nothing to do with whether or not they performed the audits, which they did not.
I also didn't know anything about why they skipped audits. Can you point me to where I can find it on their website? It seems like if it's all just an honest misunderstanding, one would expect to find that explanation right here: https://kinesis.money/audits/ Instead, we find five separate false claims about the frequency of the audits. It's not just the frequency of the audits that is misrepresented there, but let's start with that.
Furthermore, during the latest audit, which according to you was just "delayed" by more than a year, they didn't actually audit all the gold and silver or all the locations where gold and silver were stored.
And while we're on this topic, when can we expect the second 2022 audit that is due right now to be published?
It is now clear you are engaged in a dishonest hit job expecting your readers to miss clear issues which impacted the entire globe. Thanks for the comments as it is helpful to see your bias. Will look forward to your future posts.
June 21.
“Dear Kinesis community,
Covid-19 restrictions and scheduling conflicts across Switzerland and Singapore have hindered the Audit coordination and affected the vault operator and auditor availability, which is necessary for the Kinesis Audits to happen simultaneously in all vaulting locations worldwide.
Although Kinesis aims to coordinate the Audits every 6 months, we would like to reiterate that precise dates can fluctuate due to outside influences, such as the global pandemic.”
July 21
“Audits delayed due to COVID-19.
Hi Kevin,
We are contacting the Kinesis community to inform you that the recent outbreak of COVID-19 in Australia has forced us to delay physical audits of our vaulting facilities within the country, and resultantly, the release of our independent biannual audit.
Due to the Australian government enforcing localised lockdowns and restrictions within the country, the independent third-party auditors engaged by Kinesis have been legally unable to conduct the scheduled audits of Kinesis’ Australia-based vaults.
Kinesis insists on delivering the imperative assurance only physical audits provide, with independent auditors entering our vaulting facilities and manually tallying the quantity of gold and silver bullion present.
As the current COVID-19 climate has rendered a physical audit impossible, we are left with no choice but to await the lifting of restrictions. We will provide you with an update as soon as we receive information on the termination of restrictions.
Expecting readers to "miss clear issues which impacted the entire globe"? What? Many companies got audits done between October 2020 and June 2022.
If they were going to skip audits because of Covid, why isn't this clearly disclosed on the audits page of the website? Why did Covid prevent audits in 2021 but 2020? Covid started in early 2020.
Why wasn't the latest audit a "full audit" as claimed on the website? Where is the second 2022 audit?
Here I will post it again Mr Dec 19th Crypto Informer… Your investigation is weak at best and intent is clear. You push for a dishonest picture of Kinesis is nothing but a hit job without any other goal.
“Australia has forced us to delay physical audits of our vaulting facilities within the country, and resultantly, the release of our independent biannual audit.
Due to the Australian government enforcing localised lockdowns and restrictions within the country, the independent third-party auditors engaged by Kinesis have been legally unable to conduct the scheduled audits of Kinesis’ Australia-based vaults.
Kinesis insists on delivering the imperative assurance only physical audits provide, with independent auditors entering our vaulting facilities and manually tallying the quantity of gold and silver bullion present.
As the current COVID-19 climate has rendered a physical audit impossible, we are left with no choice but to await the lifting of restrictions. We will provide you with an update as soon as we receive information on the termination of restrictions.“
So Crypto Informer is a substack that seems focused on Kinesis and ensuring a hit job on the company.
Don't worry, I'm going to write about Nexo next. Kinesis is just low hanging fruit nobody is writing about.
I may have missed in your 3 previous articles on Kinesis, but you keep keying on the bi-annual audits:
“This is a blatantly false claim, clearly the CEO of the company knows that Kinesis Money has not been providing biannual audits. Why won’t he own up to it?”
This is a dishonest claim by you. It is very well known why audits have been delayed during the time frame you listed. Will you own up to the reason given multiple times to the Kinesis community/users from the company?
The fact is, they claim biannual audits all over their website, and the CEO claimed it again in a video two days ago. Doing or not doing an audit is a binary thing. Kinesis didn't do them, or if they did, they didn't publish them. According to the Kinesis Money website, the first KAU and KAG tokens went into circulation in late March or early April 2019. It's now the end of 2022, but they have only published three audits, one of which is an incomplete audit despite claims that audits will be "full audits." Whatever excuses they made for not performing the audits have nothing to do with whether or not they performed the audits, which they did not.
I also didn't know anything about why they skipped audits. Can you point me to where I can find it on their website? It seems like if it's all just an honest misunderstanding, one would expect to find that explanation right here: https://kinesis.money/audits/ Instead, we find five separate false claims about the frequency of the audits. It's not just the frequency of the audits that is misrepresented there, but let's start with that.
Furthermore, during the latest audit, which according to you was just "delayed" by more than a year, they didn't actually audit all the gold and silver or all the locations where gold and silver were stored.
And while we're on this topic, when can we expect the second 2022 audit that is due right now to be published?
It is now clear you are engaged in a dishonest hit job expecting your readers to miss clear issues which impacted the entire globe. Thanks for the comments as it is helpful to see your bias. Will look forward to your future posts.
June 21.
“Dear Kinesis community,
Covid-19 restrictions and scheduling conflicts across Switzerland and Singapore have hindered the Audit coordination and affected the vault operator and auditor availability, which is necessary for the Kinesis Audits to happen simultaneously in all vaulting locations worldwide.
Although Kinesis aims to coordinate the Audits every 6 months, we would like to reiterate that precise dates can fluctuate due to outside influences, such as the global pandemic.”
July 21
“Audits delayed due to COVID-19.
Hi Kevin,
We are contacting the Kinesis community to inform you that the recent outbreak of COVID-19 in Australia has forced us to delay physical audits of our vaulting facilities within the country, and resultantly, the release of our independent biannual audit.
Due to the Australian government enforcing localised lockdowns and restrictions within the country, the independent third-party auditors engaged by Kinesis have been legally unable to conduct the scheduled audits of Kinesis’ Australia-based vaults.
Kinesis insists on delivering the imperative assurance only physical audits provide, with independent auditors entering our vaulting facilities and manually tallying the quantity of gold and silver bullion present.
As the current COVID-19 climate has rendered a physical audit impossible, we are left with no choice but to await the lifting of restrictions. We will provide you with an update as soon as we receive information on the termination of restrictions.
Kind regards,
The Kinesis Team”
Expecting readers to "miss clear issues which impacted the entire globe"? What? Many companies got audits done between October 2020 and June 2022.
If they were going to skip audits because of Covid, why isn't this clearly disclosed on the audits page of the website? Why did Covid prevent audits in 2021 but 2020? Covid started in early 2020.
Why wasn't the latest audit a "full audit" as claimed on the website? Where is the second 2022 audit?
Here I will post it again Mr Dec 19th Crypto Informer… Your investigation is weak at best and intent is clear. You push for a dishonest picture of Kinesis is nothing but a hit job without any other goal.
“Australia has forced us to delay physical audits of our vaulting facilities within the country, and resultantly, the release of our independent biannual audit.
Due to the Australian government enforcing localised lockdowns and restrictions within the country, the independent third-party auditors engaged by Kinesis have been legally unable to conduct the scheduled audits of Kinesis’ Australia-based vaults.
Kinesis insists on delivering the imperative assurance only physical audits provide, with independent auditors entering our vaulting facilities and manually tallying the quantity of gold and silver bullion present.
As the current COVID-19 climate has rendered a physical audit impossible, we are left with no choice but to await the lifting of restrictions. We will provide you with an update as soon as we receive information on the termination of restrictions.“