GREY:BLKCF - Post by User
Comment by
unlimited_awon Dec 28, 2017 8:03am
345 Views
Post# 27236295
RE:Great Article on BLOC and their future outlook
RE:Great Article on BLOC and their future outlookI am new to this board and like the article. I have a few questions, some of you long time followers might be able to asnwer. The investment in Coinstream is for 49% in return for 3.8 million shares. Who is their business partner that holds the other 51%?
Does BLOC has any shareholder rights that protects them as a minority shareholder?
Coinstream will be funded through the just closed private placement. If Coinstream wasn't funded yet (this is my understanding), did BLOC not pay way to much to get 49% of the shares of an empty company?
All in all I definitely like the streaming model. I have invested in gold streaming companies back in 2009-2013 and if executed the correct way, it is profitable for both the streaming partner and the shareholder. The risks are much lower (no exposure to increases in operational expenses -> higher electricity once mining becomes more difficult) while at the same time having leverage to the change in price of the underlying streaming asset.