In order to be a shareholder of record on March 1,shares must be owned by no later than the close of market on February 27, Go blockchain stock view an go blockchain stock version of this image, please visit: Shidan Gouran, President of BLOC stated, "Global Blockchain reviewed its activities and identified that it was not achieving, in its view, sufficient "pure play" market value for its different and unique businesses, each housed within BLOC.
Most notably and distinctly, these verticals are:. This achieves exposure at a fraction of the cost of ownership and speculative risk associated with retail purchase at current price levels. Looking at the value of our Company versus the comparable listed universe, who for instance only act as miners, it became obvious that comparable companies on Canadian Exchanges on every metric including the below were being rewarded with much greater valuations:.
The disparity in valuation, in the view of management, meant that either the value of our investment and incubation vertical was being ignored, or the value of our mining vertical was being ignored. The Spinout is an effort to not only simplify our story for investors, but more critically to "unlock" this overlooked value, by splitting the Company into two publicly traded entities, each with its own major individual and important business focus.
The Stock Split is an effort to enhance future liquidity for both companies. In a sea of new listings of companies attempting to hijack the newfound popularity of Blockchain, capital must continue to flow to those companies with the strength, tools and ability to endure and to prosper. The assets that will continue in BLOC comprise our investments, agreements, partnerships and independent in-house initiatives to create go blockchain stock incubate Internet scale public blockchains, enterprise solutions, tokens and ICOs.
While specifics will be announced over go blockchain stock coming weeks, an overview of the venture domains for the Company's current projects either in progress, in go blockchain stock, or under late-stage negotiation include:.
In addition, the Company continues with its collaboration on, and monetization of, existing strategic equity and ICO investment holdings. The Company is currently reviewing over half a dozen new partnerships including final stage discussions on an investment into a "genetics to sale" cannabis blockchain platform.
Shidan Gouran noted, "With these exciting projects which create a fundamentally industry shifting and disrupting impact to the benefit of go blockchain stock public and commercial parties, BLOC is intent on go blockchain stock a shaping force in the application of blockchain to existing economies and markets. As sole principals or co-founding principals of the aforementioned projects, BLOC will retain a significant founder's level interest in each, which bodes extremely favourably for the development, if, as and when, of notable mark-to-market and monetizable Net Asset Value for Global Blockchain shareholders.
Distributed Mining is a blockchain go blockchain stock company creating software that enables all devices to have the ability to participate in mining cryptocurrency. The software will be available to be downloaded through Distributed Mining or through its partner sites. Connected devices will then be able to activate mining operations through their devices including, but not limited to, mobile phones and gaming consoles.
Distributed Mining would allow anyone with a connected device to download and install a software packet, giving the user access to optimized cryptocurrency mining. The distributed mining platform will be able to optimize for variable mining requirements, and its design is particularly well suited for gaming consoles, of which there are over million currently connected units.
The Company has reserved the stock symbol FORK in anticipation of the Spinout receiving shareholder and all regulatory approvals. Investors are invited to review the Company's current presentation: In the month of March the Company will be launching a major overhaul of its website and investors are invited to check back for new stand-alone presentations on both Global Blockchain Technologies and Global Blockchain Mining go blockchain stock will be shared with shareholders and stakeholders.
The Company has no assets and its business plan is purely conceptual in nature and there is no assurance that it will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made, including but not limited to: Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially go blockchain stock from those expressed or implied by such forward-looking information, including but not limited to: Although the Company has attempted to identify important factors that could cause actual results to differ materially from the forward-looking information set out in this presentation, there may be other factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on go blockchain stock beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should go blockchain stock, except as required by laws.
Investors are cautioned against attributing undue certainty to forward-looking statements. Neither go blockchain stock CSE nor its Regulation Services Provider as that term is defined in the policies of the CSE accepts responsibility for the adequacy go blockchain stock accuracy of this release. More articles related to: Global Blockchain Technologies Corp. February 27, GlobeNewswire go blockchain stock one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
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