GREY:BLKCF - Post by User
Comment by
Grinder57on Mar 15, 2019 1:38am
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Post# 29489324
RE:Post consolidation will yeild 118.7m shares
RE:Post consolidation will yeild 118.7m sharesOdin, the 10 to 1 reverse split is a seamless transaction designed to reduce the issued or outstanding share count and has no bearing on the valuation changing related to this maneuver!!
The market cap on this billboard page lists their valuation around $7 million which isn’t that accutprate, at the actual share price is about .027 cents as of today’s close on the ask side.
Is your new valuation metric of 29.6 million based on the closing of the Vadere esports transaction and any assets Global Technology is leaving in the deal that are related to the new gaming enterprise Global Gaming Technology?
The company paid about $8 million for the esports company and Global Blockchain valued X2 at just under $50 million dollars.
I have always been interested in how they came up with the 50 million valuation for the purchase price, especially in light of the fact that X2 had an $80 million dollar offer from the venture firm that was cancelled in August of 2018!
I am sure some of the gaming assets being left in the new entity Global Gaming has some significant valuation also...
You have to keep your eye on the bouncing ball to understand all the full details of the transactions.
I am waiting to see what the marketing strategy is for the new St. Noire game .
All the above is my opinion