Post by
Nnwwzz on Feb 23, 2022 1:04am
New pr is boo boo (correction)
So they ordered 10k units from themselves? (abenate's a part of robe) they played up that pr about the 10k units like theres some kind of demand, but wouldnt say who the buyer was because it was themselves. and no reverse merger with daymak? People were setting up expectations for crypto assets on the balance sheet q1 2022. Guess they were full of it, too. And optimal and robe are antithetical to each other in terms of their own stated aims of green or carbon neutral mining. Great. "As compensation for the Acquisition, and based on arms length negotiation, the Company will issue 55 million common shares of the Company (the Consideration Shares), at a price of $0.25 per common share, to the shareholders of Optimal, for a deemed transaction valuation of $13,750,000. The Company has been completing significant market research and believes pivoting towards the cryptocurrency space will derive the greatest value out of its blockchain-based technologies while providing the Company and its shareholders direct exposure to the cryptocurrency industry. 30 million of the Consideration Shares will be issued subject to a right of the Company to repurchase such shares for nominal consideration in the event certain performance milestones are not met by Optimal following the Acquisition. " So they paid 13m for a 'pipeline' of developments? Why? Why would a crypto mining company, not yet set up and running, with assets on its balance sheet, be worth 13m? Scam. On top of that, theyre taking a loan for 150k for marketing, after already spending 8m on marketing in 16 months. Why? Why would this ever make sense when no sales of what you were marketing for, havent materialized?