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Cryptoblox Technologies Inc C.BLOX

Alternate Symbol(s):  CRYBF

CryptoBlox Technologies Inc. is a Canada-based blockchain technology infrastructure company. It is focused on building out its diversified blockchain ecosystem strategy that consists of digital asset mining and infrastructure, mining products and technology, and structured digital asset products and blockchain payments. Its infrastructure is based on the value chain that stems from off-grid/alternate energy powered digital asset mining, along with a diversified portfolio of sustainable mining and blockchain fintech products and services enabled by both the sustainable mining products and technology and structured blockchain products and services divisions. It is focused on providing alternate energy solutions to power digital asset mining operations throughout North America (Redwater, Alberta). Redwater is a modular air-cooled data center facility powered by flared gas and equipped with heat recapture capabilities. It also owns approximately five IceRiver KS3 Kaspa mining units.


CSE:BLOX - Post by User

Post by ScarletSpideron Mar 05, 2021 9:09am
163 Views
Post# 32726451

Numbers? Initially I Thought The Same

Numbers? Initially I Thought The Same
but when you think about it would you give your numbers on pre orders when there are so many things that still need to happen before they are filled? First off the company as it is saying and a poster stated the company is swamped with them. They need to get production going and then get the products off the assembly line and then delivered out to the folks who bought them have the products tested and when people fully satisfied receive payment. My question is what good is giving solid numbers when they can still potentially change. Let's say the company said 10,000 units let's say they get only 4000 out and lets say there are cancelled orders or something not favorable goes with some of them. What you have is a whole record keeping mess where the company will find itself burdened with endlessly time spent in issuing press releases on tracking numbers and then having to field angry inquiries about what the hell is going on. The company has it right wait until everything is said and done and then when things move from orders to finished receipt of payments it can record it on the books and say specifically how many units were sold at the $5500 price. Doing it any other way sets up expectations for those numbers to be filled. This way the company only gives to you concrete end results not projected ones on orders that may not be filled or filled at a later time because of the demand on the products. I think this is actually really smart. As to the company's computer crashing that's the best people have to go on? Really? That happens with any company when it has lots of load on it. So you call that Mickey Mouse um ok. How about this Revenue Canada Offices have multiple lines and even if you call 2 hours in advance of their closing time and they are swamped they dont get back to you they dont even have to field the call. They dont have a system that tells you how long of a wait time you have and they dont even have a system that gives you an option to be called back and this is Revenue Canada for heavens sake now that I call Mickey Mouse and real shitty service!!! So trust me this company looks more professional than that. As for the pp the last one closed fairly fast. This one is taking a bit longer but there has to be a reason for it. I think the company may be making deals in regards to move all the process forward. If it wasnt and it was straight forward I strongly believe it would have Ben definitely closed by now there is something more that has to be going on. Now it comes down to this a simple leap of faith ..either people believe this company has product and doing what it says it is doing or they dont. If you guys dont take the company at face value you will continue to doubt and bring it to yourselves which can lead to wanting to sell shares and the least of which to buy when the price is extremely low. But for those who take this leap of faith they will at every chance they can get add to their position. The way I see things is there is a very low baseline to measure this company on which is 0 sales so any revenue flow through is way better than that. In other words the risk to reward is more favorable especially at the lower price that when the so called concrete numbers and sales revenue come the share value will more than likely rise. I strongly believe if the company is this swamped the revenue for the year will be above 10 million but I am just taking a wild shot here. I cant see the company saying they are so swamped on a handful of orders. I would think 5 to 10 k on the walls....at 5000 units at 5500 that is 27,500,000. Let's take that down to 1000 units that is 5.5 million and that is just the walls on a measly 1000 units. I dont believe it will be less than that. But I am again throwing out hypotheticals. We will know when the financials come and i fully agree with the company going the way it is for the reasons already mentioned. I think this company can do upwards of $20 million in revenue this year but I will go conservative and project out 5 to 10 million. This company has massive potential but the x factor lies in the production end of things which we have yet to experience. And as the company said about Telsa it looks like it is already facing the same problem having to keep up with demand and having to scale up in every way. Now again you take this at face value or you dont. Either way the baseline to measure with is 0 revenue and that is a very easy one to beat. We are all gambling and if you bet on not against inevitably the odds are in that favor more so than the other way.
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