CGCX.io WHITEPAPER - https://foxtailmarketing.com/wp-content/uploads/2018/09/CGCX-Whitepaper-V5.pdf MERGER with CGCX is COMPLETE-
Majic Acquires The Calfin Global Crypto Exchange: CGCX
Houston, Texas, June 30, 2021 (GLOBE NEWSWIRE) -- Majic Wheels, Corp. (OTC:MJWL) ("Majic" or the "Company"), a Delaware corporation, that is positioning itself as a player in the disruptive industries of fintech and software development by means of acquisitions, announces completion and closing of Calfin Global Crypto Exchange ("CGCX").
Final terms of the acquisition were satisfied with the Company becoming current and completing the last pending restructuring items. As such the Board of the Company, having completed its due diligence and sent final agreement for execution.
"Months of around the clock work went into preparing Majic for this landmark moment. We are proud to have reached this milestone by becoming current and settling previous liabilities of the Company to the satisfaction of our acquisition candidate. Now that terms have been satisfied and the acquisition is executed, we look forward to the next steps in the Majic journey." said David Chong, Chief Executive Officer of Majic Wheels, Corp.
"It is a fantastic time for CGCX. Spreading our wings globally through this merger with Majic will help expand the reach of our blockchain solutions and create an impact worldwide." said Anandh Swami, Chief Executive Officer of CGCX.
The acquisition of CGCX which is valued at USD 153.2 Million is conducted on an all-equity basis with the respective CGCX shareholders receiving Restricted and Preferred shares of Majic. With the acquisition being closed, the Company will be releasing more information and details on CGCX moving forward. To that end, the Company wishes to remind shareholders and prospective investors that it will be hosting an online presentation in the month of July. The details of which will be shared shortly. To receive updates about the specific details of the time and place, please register on our website here:
https://majiccorp.co/ | |
AS OF 2021 Q-1 Filing ( 6-21-21 ) the FLOAT here is ONLY 650,626,720-WEEEEEEEEE
Updated 6/16/21- No Change in Share Structure .....OTC Markets
https://www.otcmarkets.com/stock/MJWL/security
06/06/2021
Outstanding Shares-
1,196,292,565
Restricted
339,397,460
Unrestricted
856,895,105
Estimated Float of 650-750 MILLION....LOW FLOATER
Majic Wheels Corp. to Enter Blockchain & Crypto Industry Through 150M Acquisition
Houston, Texas--(Newsfile Corp. - May 21, 2021) - Majic Wheels Corp. (OTC Pink: MJWL) ("Majic" or the "Company"), a Delaware corporation, is pleased to announce today that it has executed a binding letter of intent to acquire a USD 150M revenue producing cryptocurrency exchange and custody services platform: CGCX Ltd.
CGCX Ltd.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/7985/84855_57d730c634ec9a02_001full.jpg
Founded in 2018, Calfin Global Crypto Exchange ("CGCX") set out to offer highly sophisticated cryptocurrencies services catering for the larger blockchain community.
CGCX has already established a crypto trading platform and custody solutions. In the latter, it is one of the first participants to offer insurance to some of its clients.
With the backing of a highly experienced team with deep expertise in Equity, Futures Market and corporate finance, CGCX coupled its knowledge of the traditional markets with the fast-growing cryptocurrency market to develop innovative products that fulfill the needs of cryptocurrency users in select markets (Malaysia, India, Mauritius, UAE).
Developing various software solutions for the broad cryptocurrencies market, CGCX has established three different business lines that complement the needs of the cryptocurrency market.
Listed below are the three business lines that CGCX has built:
1. CGCX Exchange
2. Custody Services
3. Cryptocurrency Mining
"This is a unique assortment of value propositions that we are able to bring into the company. With the pending acquisition of CGCX, our company will bring a Digital Asset Platform that brings value from the diversified business model and security to the clients through insurance and infrastructure offering services such as Crypto Exchange, Digital Custody Services and Token Listing Platform under one-fold. CGCX has been operating successfully since 2018 and we could not be more excited with this pending merger," said David Chong, CEO and Director of Majic Wheels Corp.
The Company will be publishing more details about CGCX in the coming weeks and will host an online presentation. A subsequent press release will be issued with an invitation to the online presentation.
About Majic Corp. Inc.
Majic Corp Inc., a Delaware corporation, intends to position itself as a player in the disruptive industries of and Fintech and software development by means of an acquisition and merger. Majic Wheels Corp. is listed and traded on the Over-the-Counter Market under the trading symbol "MJWL".
For more information about the Company visit:
Our OTC Markets Profile: https://www.otcmarkets.com/stock/mjwl/overview
Our website is: https://majiccorp.co/
Our Twitter account is: https://twitter.com/MajicCorp
About CGCX Ltd.
Founded in 2017, Calfin Global Crypto Exchange CGCX set out to offer a highly sophisticated cryptocurrency exchange for a seamless & secure crypto trading experience. Unlike most exchanges that offer only cryptocurrency trading, CGCX caters to the larger blockchain community by providing four services under a single platform.
CGCX website: https://www.cgcx.io
SAFE HARBOR STATEMENT
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
SOURCE: Majic Wheels Corp.
FOR MORE INFORMATION, PLEASE CONTACT:
David Chong
Email: info@majiccorp.co
Majic Wheels Corp. Announces Upcoming Online Investor Presentation
Houston, Texas--(Newsfile Corp. - May 25, 2021) - Majic Wheels, Corp. (OTC Pink: MJWL) ("Majic" or the "Company"), a Delaware corporation that is positioning itself as a player in the disruptive industries of fintech and software development by means of acquisitions, will be hosting an online investor presentation further elaborating details on its pending acquisition of Calfin Global Crypto Exchange CGCX. The Company would like to invite shareholders and prospective investors to sign up for the upcoming presentation.
The Company, on Friday 21st of May 2021, announced its binding LOI with the Calfin Global Crypto Exchange ("CGCX"). Further to that announcement, the company wishes to present more details to its shareholders and prospective investors during an online presentation that will be announced in the coming days. To that end, the Company invites everyone to the Corporate Newsletter to receive updates about the upcoming presentation.
"With the recent announcement of our pending acquisition of the Calfin Global Crypto Exchange, we have received a lot of interest and questions from the investor community. To that end, we wish to host an online presentation to provide further details about CGCX," said David Chong, CEO and Director of Majic Wheels Corp.
To sign up, visit our website: https://majiccorp.co/.
About Majic Corp. Inc.
Majic Corp Inc., a Delaware corporation, intends to position itself as a player in the disruptive industries of and Fintech and software development by means of an acquisition and merger. Majic Wheels Corp. is listed and traded on the Over-the-Counter Market under the trading symbol "MJWL".
For more information about the Company visit:
Our OTC Markets Profile: https://www.otcmarkets.com/stock/mjwl/overview
Our Website is: https://majiccorp.co/
Our Twitter account is: https://twitter.com/MajicCorp
About CGCX Ltd.
Founded in 2017, Calfin Global Crypto Exchange CGCX set out to offer a highly sophisticated cryptocurrency exchange for a seamless & secure crypto trading experience. Unlike most exchanges that offer only cryptocurrency trading, CGCX caters to the larger blockchain community by providing four services under a single platform.
CGCX Website: https://www.cgcx.io
SAFE HARBOR STATEMENT
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
SOURCE: Majic Wheels Corp.
FOR MORE INFORMATION, PLEASE CONTACT:
David Chong
Email: info@majiccorp.co
REMEMBER THIS FOLKS:
Prior to June 2021, the Predecessor company:
• was producing some other product;
• was dark;
• was defunct;
• was not producing audited financial reports on a regular basis;
• was not producing unaudited financial reports on a regular basis; and
• did not have a verified transfer agent.
Now, in less than 365 days, management has almost completely turned around the company, has entered new lines of business, and has operations in multiple countries. I don’t think it is a deal killer nor a warning sign to give the company extra time to produce audited financial statements.
Quarter 1 for 2022 is scheduled to come out in the next week or so. In my opinion, it would be the perfect time for the company to start producing audited financial statements.
Also, ideally, I would want the company to retroactively produce audited financial statements since:
• the company completed three acquisitions with operations in multiple countries in the last year.
• the company converted preferred shares to restricted common shares at some point in the last year to meet the up-coming Nasdaq requirement.
• the last annual report indicates that the company can most likely afford to hire an audit team. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168874380 n the Tribunal's view, the evidence described in paragraphs 20 to 27 of this Decision suggests the existence of significant links between the respondents Ramy Kamaneh and Mohamed Kada Mesli and between them and persons - in this case David Chong, Kim Halvorson and Erwin Vahlsing - who were part of the management of MJWL, ICOA and AAPT during the period of the alleged facts. http://citoyens.soquij.qc.ca/php/decision.php?ID=267AF148A464B1A3CE3344776DD7D6DA&captchaToken=03AGdBq27DcrfD3wDOK4_TwEkOed7sPkb4xQOGpwpxBvizZ6sgyFZFYB_y7O4TWkFmOI0Bp_4TmiMIC1SH3Haagjg1Rk4DTxgeQuY0gAOMd5KPg9pDcJJqMGVHRkTuLXflwwOEJVyIMEc3sneDEac7fCfv5-Zt9luxs-s0XkvE7XL1VTTvFNVj5xyrSOusBV4NOhp2-xuBqT7KHmFmA1cf8aCu6gNXHzwofKv6lpyk41X5tnKl2K0fwT7y5dk2fTWmKkc2O0ANCj0wr53X0gm6rNhp2lH-FFs2WniYQ13Ar44u4xIFbUzJ5qRbv4I2g9BJFkp-lCQMnvjinV1gIETrlmZuqUgFvNLrhWRPZuukGCAqaNLneBMuMjiU87r4HnkcObNX8lFHunWXxK7OGZneNIQSeGhBy5nsve-5aF1mkX86vzzp6l6gFi61CGVrpN9QvLxH4Y7TSR7blmk8NNaUC3CHRwVzuCiFqtUx3O_oc8g9ptu9Kwl5Gzo8EfZRXBO1Kz1AQjDL43ru 