Post by
Mechanizm on Feb 19, 2019 9:31am
So what exactly does this all mean?
eXeBlock and PBSA have mutually agreed to the termination of the Dapp deal effective immediately in order to allow for eXeBlock to focus on new market opportunities as a result of the current bear market in blockchain. As part of this mutual termination, eXeBlock has opted to move into other markets in order to maximize its future market potential.
What are these "new market opportunities" and "other markets"? Leads one to believe XBLK is out out of the blockchain game completely.
Comment by
YoungInvestor89 on Feb 19, 2019 12:01pm
It means they are going to become a weed company. Let's all pray that happens. At least they crushed them with that deal. +$250k cash, -$500k USD debt, cancelling 10m shares, all positives. Only question now is what's next?
Comment by
Michael5150 on Feb 19, 2019 12:27pm
I'm confused too. I have no idea what I even own anymore. But this investment has been such a wash that I've already written it off in my mind. so as far as I'm concerned any change is a positive change! Best regards to all!
Comment by
YoungInvestor89 on Feb 19, 2019 1:02pm
According to their November financials plus the recent events, they would have $2.5m in cash, which is 5c/share, and no liabilities. Not a bad spot to be in. I'd be expecting a major overhaul here probably into a new industry.
Comment by
HXFCPA11 on Feb 20, 2019 3:24pm
Yes - sounds great in theory - IF the treasury wasn't being robbed hand over fist.