August 1st is over in GMT, so no announcement yet, too bad.

alicianaumoff posted on Primalbase Slack.

If you've invested in this project you really should join the Primal Base Slack channel. That's where the most up to date information about the project is available. They did release the promised "update" there several hours ago. It's a robust report with a lot of great information about progress that has been made, a new CEO for the project, and upcoming plans and happenings. I'm sure they will post it here soon as well. But relying on Bitcointalk as your primary line for communication from the team isn't the best idea. Become a part of the Slack for sure. It's clear that this is no scam and that things are unfolding with a lot of good planning and professionalism.

I just read the report and it's simply amazing. So glad to have made this investment

Those who missed it, here it is again:

http://m.yollayap.com/bbtc/150163334971.pdf

Also telegram. You can also join the PBT telegram. There is also information about the development of PBT. I am also there to monitor the progress of the project

I've no doubt Primalbase is doing everything to succeed. BTW it is a smart move to work with a legal team.
I don't care if PBT goes to an exchange soon or in the next 6 months. The most important is to do the right things to make this project succesful.

so is this means that they will still wait for the product to launch before they will decide to list PBT to some exchange?

You're all acting like it's Primalbase's decision to not have it listed on exchanges yet. The reason no one is adding it is because it's STUCK on Waves Dex with NO WAY OUT. It's a shitty token created in 5 seconds on Waves DEX, just like you and I can do. Exchanges won't add it until the PBT is 'freed', which I'm guessing is after the gateway release.

I find the report quite mediocre. Why the need for a CEO? What's he getting paid? At this rate you'll be out of funds in 6 months.

That is incorrect imo. If you raise millions of dollars it makes sense to get on an exchange with decent volume to ensure there is easy market access to your token. Failure to do so has cost their investors millions of dollars.

If they'd been upfront and said we don't understand the crypto market very well and are only planning on being listed on Waves for the first few months, they would have raised <$2 million imo.

They will struggle to raise money in future on this precedent as without wide post ICO market access to a high value token significant value loss for investors is almost inevitable.  

I'm actually someone who benefits from this as I often buy tokens that are only listed on small exchanges, for much cheaper than ICO, without having to take the risk it's a complete scam and a few months further into development.

I still feel sorry for the ICO participants that lose money because start-ups don't value their investment &/or understand the importance of wide market access to their tokens to maintain ICO value.

This is a very good concept but perhaps not the team for it.