Post by
Grinder57 on Mar 02, 2019 2:28pm
Non gaming related assets
Read all the releases, watched all the you tube videos to try and fully understand the complete play involving the X2 merger!
What I am not sure about is the fact that all the assets previously acquired by Bloc are being spun off into the newly to be formed entity.
I believe there are some gaming, and esports related assets that will remain in the the package deal with the Global Gaming / X2 merger and possibly some of the related block chain technology as related to the gaming/ e sports space.
Also, during a couple of the you tube interviews with Gouran, (CEO of BLOC and now Co-chairman with the new X2 merger along with Bushnell) he talks about some sort of digital wallet for the gamification portion of the games that would be tied into the Bloc) block chain software as the company develops over time.
The previous offer that was cancelled was for $80 million in stock and the recent merger was for $49 million in an all stock transaction.
There is a $30 million dollar gap that had to be filled with some assets provided by the existing entity (Bloc) prior to the merger.
The other explanation could be that Bushnell felt the synergies between the companies could potentially of exceeded the $80 million offer that was canceled over time...
I don’t believe that the real money to be made will be by selling $40 board games on Amazon for the Alexa speaker, but the games will be the driver for other related sources of income to come!
Nolan Bushnell-Zai Ortiz
”What a dynamic Duo”
All of the above in just my personal opinion only, due your own due diligence!
Comment by
JcMonies on Mar 02, 2019 4:31pm
sounds correct, I didn't know our price. I feel like I read that date of record for spinout was rescinded and still not reset.
Comment by
Grinder57 on Mar 02, 2019 11:45pm
Typo: The company is merging its media and entertainment investments and projects with X2 post merger. $49 million valuation for the new entity plus the additional assets from the former Global Blockchain Company...