TSXV:BLOK.H - Post by User
Comment by
Nodga2000on Apr 12, 2021 12:39pm
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Post# 32977863
RE:RE:RE:RE:The potential of HELX's deal with GlobalBlock
RE:RE:RE:RE:The potential of HELX's deal with GlobalBlockHere from the news release in March:
https://money.tmx.com/en/quote/HELX/news/8538885358290796/Helix_Seeks_to_Expand_Blockchain_Business_and_Announces_NonBinding_Memorandum_of_Understanding_WIth_Cryptocurrency_Brokerage_Company_Globalblock_Limited "
The MOU sets forth the mutual understanding and intention between Helix and GlobalBlock with respect to any Potential Transaction and the basis with how they intend to work together over the next seven weeks. Execution of binding documentation in respect of a Potential Transaction is subject to applicable regulatory approvals (including TSX Venture Exchange approval) and the following: (a) completion of satisfactory due diligence by each of the parties, (b) negotiation of definitive terms of a Potential Transaction"
Today's news of HELX loaning $750k to GlobalBlock certainly indicates things are going in the right direction!