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This repository was archived by the owner on Jul 5, 2024. It is now read-only.
This repository was archived by the owner on Jul 5, 2024. It is now read-only.

GoNetwork - Due diligence #12

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@icochecker

Description

@icochecker

GoNetwork (GOT)

Team

Advisors

Company

Questions not answered by the company:

1

company-1

  • Sunday 26th Nov: User asks company info
  • Admin tells user to look in the white paper.
  • No company info in the white paper.

2

company-2

  • Sunday 26th Nov: Asked for the 2nd time
  • Admin tells user to wait for annoucement

3

company-3

  • Sunday 26th Nov: Asked for the 3nd time
  • No answer

4

company-4

  • Sunday 26th Nov: Asked for the 4th time
  • Xun Cai (Co-founder & COO) too busy posting GIFS
  • No answer

5

company-5

  • Sunday 26th Nov: Asked for the 5th time
  • No answer

6

company-6

  • Monday 27th Nov: Asked for the 6th time
  • No answer

7

company-7

  • Monday 27th Nov: Asked for the 7th time
  • Marc tells user to PM Xun

8

company-8

  • Monday 27th Nov: Other user asks company info
  • No answer

9

company-9

  • Monday 27th Nov: Asked for the 8th time
  • No answer while Xun Cai (Co-founder & COO) is live in the chat

Searching for company info

1. Linkedin profile of Xun Cai (Co-founder & COO) says that GoNetwork Pvt. Ltd is in Waterloo, Ontario.

xuncai-lnkd-1

2. Searching for GoNetwork on the Canadian corporate database gives no results.

search-no-result

3. Xun Cai Linkedin profile - CTO of Infinidy.

infinidy

4. Searching for Infinidy on the Canadian corporate database gives one result:

infinidy-yes

INFINIDY CORP.

Registered Office Address
308 - 55 WILLIAM STREET EAST
WATERLOO ON N2J 4Z1
Canada

Corporation Number 727496-3
Business Number (BN) 838527463RC0001
Corporate Name INFINIDY CORP.
Status Active
Governing Legislation Canada Business Corporations Act - 2009-11-09

Directors
Minimum 2 - Maximum 2
XUN CAI
308 - 55 WILLIAM STREET EAST
WATERLOO ON N2J 4Z1
Canada

RASHID SHAKIL KHAN
2302 - 350 WEBB DRIVE
MISSISSAUGA ON L5B 3W4
Canada

Annual Filings
Anniversary Date (MM-DD) 11-09
Date of Last Annual Meeting 2016-12-12
Annual Filing Period (MM-DD) 11-09 to 01-08
Type of Corporation Non-distributing corporation with 50 or fewer shareholders
Status of Annual Filings
2017 - Due to be filed
2016 - Filed
2015 - Filed

Corporate History
Corporate Name History
2009-11-09 to Present INFINIDY CORP.
Certificate of Incorporation 2009-11-09

  • Rashid Khan (Co-founder & CEO of GoNetwork) & Xun Cai (Co-founder & COO of GoNetwork) are Directors of INFINIDY CORP.

5. Searching for GoNetwork on the Nuans database, a Canada-wide corporate, business name and trademark registry.

  • Shows 2 results

nuans-gonetwork

6. Company screenshot sent to Xun Cai (Co-founder & COO)

company-reply

Observation

On Linkedin, it says that Rashid Khan and Xun Cai are co-founders of Go Network, a company based in Waterloo, Ontario, Canada since January 2016. In reality, both the Canadian Corporate Database and Nuans Database show no record of the company before November 21st, 2017.

Two questions remain: under which name is GoNetwork operating, and why hasn’t Xun Cai answered the questions about his company?

Smart contract

  • No smart contract available

Github

  • GoNetwork
  • No code committed since the hackaton, 2 month ago.

Product

  • No working product for GoNetwork

Vesting schedule

  • No vesting information
  • Investors questions ignored. See screenshot below.

Poor Communication with Investors - Questions ignored by GoNetwork

investor-1

investor-2

  • Investors questions ignored in the Telegram chat.

Disturbing screenshot leaked on telegram

screenshot-leaked-2017-11-27 01 03 29

Screenshot deleted by mod and reaction from channel

reaction-1

reaction-2

reaction-3

Allegation of fake screenshot

ceo-says-fake-screen-shot

Other screenshot received from random user in private message

screenshot-sent-inpm-image 2017-11-26 02 25 47

Dialogue with Xun Cai:

pm1

pm2

pm3

pm4

Observation

  • Disturbing screenshot gets leaked on telegram
  • Screenshot is labeled as fake
  • Xun Cai (Co-founder & COO) tells user that someone hacked his computer or telegram

Conclusion

The founders never replied to investors' questions, showing total disregard to their concerns.

IcoCheck

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