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DeFi Technologies Inc N.DEFI

Alternate Symbol(s):  DEFTF

DeFi Technologies Inc. is a financial technology company that pioneers the convergence of traditional capital markets with decentralized finance (DeFi). The Company is focused on Web3 technologies. Its business lines include Asset Management, Infrastructure, Ventures, DeFi Alpha, Research and Stillman Digital. In the asset management business, the Company, through its subsidiaries, Valour Inc. and Valour Digital Securities Limited, issues exchange traded products that enable retail and institutional investors to access digital assets like Bitcoin in a simple and secure way via their traditional bank account. In infrastructure business, it participates in decentralized blockchain networks by processing data transactions from nodes based in Europe and the Middle East. Its ventures business includes making early-stage investments in companies, banks and foundations in the digital asset space. Its DeFi Alpha business operates a specialized arbitrage trading desk based in Switzerland.


NEO:DEFI - Post by User

Bullboard Posts
Comment by foundrymanon Dec 13, 2016 5:17pm
138 Views
Post# 25594692

RE:RE:RE:RE:Insider just bought 500k shares

RE:RE:RE:RE:Insider just bought 500k shares
As a longer-term Aberdeen shareholder, I think RM shareholders sometimes miss the whole picture. I would encourage you to sift through AAB's financials from 2011-2015, they dumped a considerable amount of money into RM over the years they performed the development work in Argentina. One could stand to argue that AAB paid for much of the costs surrounding the work conducted through the development of SDLA. AAB also provided, IMHO, an excellent deal for the remaining $2 million owed, as they gave RM appx. 1.4 million LIX shares, valued at current market prices that's $2.8 million plus significant upside potential.

In any event, RM looks like it'll have a similar business model to AAB and SMC going forward. RM is signficantly undervalued, and with such a small amount of outstanding shares post-consolidation, it wouldn't take much to really increase NAVPS if one of their holdings (LIX, KBT, SMC, etc.) took off. Personally, I think AAB should offer to buy RM at a 30-40% premium to current share price. Shareholders would collect a quick gain, and AAB would essentially gain all the assets below considerably below intrinsic value. Not expecting this to happen, just think it makes sense and will grow SE for AAB and provide a potential exit for RM shareholders.

Now, to answer your question, I think it's a good thing. SMC, AAB, and RM have all participated in/purchased significant amounts of KBT shares, one of the first things RM since they got out of the Lithium business was participate in a PP from Kombat. If they're this eager to buy up as many shares of possible, it likely bodes well for all involved, and is a testament to the quality of asset KBT posseses. JMHO, as always, do you own due diligence.
Bullboard Posts