CryptoGlobal Corp - Ordinary Shares CYXTF

NEW COMPANY???

[LostHornPlenty]

Will we be trading under a new said company name and symbol ? and will this be halted until the end of may ?

[CNDguy]

No the trading halt will come off soon and will continue to trade as CPTO until the deal is ratified sometime in May.

[CNDguy]

They are taking their sweet time taking the halt off.

[ThomasJ0000007]

This post has been removed in accordance with Community Policy

[CNDguy]

Don’t hold my breath that they will take the halt off? They have to unless there’s more news coming out. Which I’m starting to suspect there might be. I have no problem with cpto being sold to hyper, have been doing some DD, and I’m liking their management but they sold cheap in my opinion and perhaps some others share my opinion.

[Uranium]

I agree with you. I think management made some very poor financing decisions and now their investors are paying for it. Not that it will make much difference, but I for one will not be voting for this sale. I too like Hyper, but it was a 'fire sale' in my opinion.  It will be awhile before we see any positive impact from this.

[realitycheck00]

I think we need more clarity around Hyper's revenue and how big this combined entity can really be.  Then we can make a decision if they deal makes sense for all shareholders.

[realitycheck00]

I think we will all do well in the long term.  Bitcoin and the crypto markets need to regain another bull run towards end of the year and thats when these beaten up crypto stocks will shine.   Im trying to find out what Hyper's revenues are but as a public company they dont have to disclose.  I did notice their facility can house up to 55,000 servers so lots of room to

[realitycheck00]

Meant as a Private company they dont have to disclose

[LostHornPlenty]

I believe that CPTO will not resume trading until the deal is done at the end of May. Then any shares you own will be transfered into the new symbol with Hyperblock. Does anyone know about this ? and can anyone confirm ? I'm also looking for answer. I do believe this is a Great move and will have greater value for CPTO

[realitycheck00]

I think your right as the halt should of been lifted by now.  Will contact the company and find out.  

[CNDguy]

LostH, a publicly traded company can’t just deny you the right to dispose of your shares or deny other people the same rights I used when I bought the stock in the first place, they would get sued silly. Halting trading until the deal is done forces me into a stock I didn’t pick for myself, they’d be taking control of my money, they can’t do that.

[CNDguy]

I just learned something new, I guess that’s never a bad thing. The company just replied to an e-mail I sent them this morning, it seems the halt stays in place until everyone gets the circular. I did not know that, lol.

[realitycheck00]

Probably not a bad thing considering whats happening to all the other public mining stocks right now lol.  Here is hoping to a crypto recovery once the halt is lifted...

[Arabroad]

You have shares in the company which represent ownership in a Company.  But unless you have majority ownership, you dont have much of a say on what they do or do not do. Given that they have just been purchased 100% by a Private Company - Hyper Block.  The share purchase price has been set at $0.74 for the take over. Thankfully HyperBlock are going to turn public and trade on the CSE

[Bucketshop]

.The purchase price is not SET at $.74, it is based on the last round of financing or PP that Hyperblock did at $1.75. As virtually all Crypto, Bitcoin and Blockchain companies have seen their values drop around 50% over the past month,it is inconceivable that Hyperblock would be at that level. They are conservatively around$1 therefore the actual Craptoglobal deal is closer to $.43..Enjoy the

[Uranium]

I disagree. Hyperblock is just getting started. Cryto's have started to come back. HIVE has been recommended recently. Hyperblock has a lot of upside ahead. What's the alternative? Crypto management have made so many mistakes, they need all the help they can get. I'm disappointed that Segal & Millership are still on board. Should have punted those two.

[realitycheck00]

Also aside from Bitmain and Genesis Mining, Hyperblock is one of few that resale hashrate and earn cash income.  Bitcoin.com is a partner of Hyper and these contracts are paid up in hard cash.  I beleive I read that only around 25% or so of the core revenue comes in from self mining and the rest is based on hashrate sales, co-location services and server sales.

[CNDguy]

No they can’t keep the stock halted with out a reason. This part is a guess but I would think regulators would be starting to ask questions as to why the stock is still halted if the halt is still in place for news that came out more than 12 hours ago. I expected the halt to be lifted by 11am. You can’t prevent people from buying or selling stock in a public company. Having said all of that I don