RE:RE:RE:Blox Labs- Liberty invested in approved forward split 3:1Ovechkin wrote: 10 Fingers I know you’re not a fan of Blox, but the BC Governmemt wants distributors to have advanced technological practice. Regardless, of fluff or not this does check the box. Now, I know you have issues with their deliverables etc but I’m not going to comment on Blox as a business. From Libertys perspective our agreement is that well buy equity in the form of stock in Blox and in exchange they will develop CannaBlox for us. Now, I believe for every phase it will be $50,000 in stock will be bought. I’m under the impression phase 1 is complete of 3 phases. The float of Blox was low - it’s still at a manageable of 127 million shares. I believe after this we’ll own either 666,666 shares if we got in after the split or 1.9 million if we got in before!
Its a very low risk investment and as essentially buy equity for a product. We gain product + a small share of a company.. what’s not to like from a deal perspective?
Have to agree here this checks that box at a very low cost in equity. Also that equity if Blox goes up in value will be asset . IMO the 3:1 forward is probably intended for liquidity reasons as it hasn’t been great. Now come fall the stock will be more liquid and LIB will probably make investments back ;)