RE:RE:RE:RE:RE:RE:RE:RE:Is it time to unload?DasuDasu1 wrote: Re:ABAXX. The blockchain thing is a huge red flag, not a plus. I would be all over this if it wasn't for this stupid buzz word. Sure, it proved itself to make cryptocurrencies, but there is a literal zero amount of applications outside of this space that make any sense -- if you understand anything about the tech, but also even only if you look at the record for it over the last decade.
Let me first apologize for putting this story on the Largo bb.
I have to admit that a discussion on the pros and cons of blockchain Tech. is over my head. However, the recent big name investors in ABAXX understand the subject very well.
Kyle Bass
Robert Friedland
Lukas lundin
Peter Schiff
Eric Townsend
From what I can gather Josh Crumb (ABAXX founder & CEO) has been putting this together for 5 years and in a few more weeks ABAXX will be listed on the NEO Stock Exchange following a Reverse Merger/Takeover of "New Milllennnium Iron Corp" (NML) which was about to be de-listed from the TSX through lack of activity.
There will be a 12 for 1 shares swap and NML investors will receive 1 ABAXX share for 12 NML.
I picked up 12,000 NML shares which will obviously give me 1,000 ABAXX shares.
Before I invested in Largo 3 years ago I was undecided whether to invest in LGO, but after watching a few of the Mark Smith interviews I became convinced that it would be a good investment. A number of things have happened since then (of course) but I remain invested in LGO in spite of the performance of current management. and I am confident (as kha says) that we may well see the sp rise take off some time next year.
Josh Crumb has become my new Mark Smith influence and I really trust his judgement.