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JT said $700M sales next year. That revenue would support ~$10 PPS.
TTE, or possibly hedging the ~50M short?
Do GS and JPM get abused like this often?
Herbie
40% profit & 20-40 EPS multiple -
That would be exceptional!
With the pricing pressure on drug companies now and in the future....quite exceptional!
ILT - JAZZ sold for <$8Billion with 1.6B in sales 5x - People here are expecting $30Billion for AMRN - projected sales 2019 = $350Million - AMRN has to get to $6Billion annual sales to equate to JAZZ Buyout @5x sales
Herbie, I estimate AMRN trade at ~$70-75 at that point...I’ll take $45 now.
VB- Ok, let’s be real....if there is a BO there will be no CVR for label expansion- it’s a given. And if you expect $30B BO a CVR sales trigger will be > $7B. $2B by end of 2020 would be expected...
BP are not going to give $ away
Let’s review....a $30 Billion buyout with $7 Billion for FDA Label expansion is “acceptable” to you, but requiring V to deliver $ 2Billion in sales is not? ??????.
I think you are absolutely correct.
Another misconception is that BP will pay now for what Vascepa sales might be in the future....BP will pay for what they believe they could get Vascepa sales to after discounting NPV, market risks, regulatory risk and economic risks.... Other unproven indications will be significantly discounted because of all the above risks, and they are unproven. $100 today is unrealistic.
That put out a PR to announce that they are going to announce results....???
Better be good....
KodakCoin ICO delayed several weeks due to overwhelming demand...
https://kodakcoin.com/
Yes I am in this...and when someone makes a ridiculous statement about why it’s dropping...again....I get sarcastic.
So, you are saying investors who bought in via private placement for $2 a month ago are selling today for $1.30....that makes no sense
ok, how then do you have nearly 25,000,000 shares short when float is 29,000,000 and Over half of that just bought in a Private Placement @ >$2
Here is what I see as of 2:30pm EST
Bitcoin down 1.8% after the GS negative comment & the $500M hack in Japan
BLOC/BLKCF down 10.8% after the BIG positve Mining Spinout news... No worries..LOL!
LOL! That is really funny...hahahahaha GS ? Bitcoin? Too funny!
The Shorts - ~25,000,000 as of Jan 16, are on the CSE Total float for BLOC is 29,000,000!
The Ontario Securities Commission contact information is:
inquiries@osc.gov.on.ca
Send them an email requesting investigation...I have already sent one.
Really? They seem to be in complete control to me.
That is what I said...but based upon what goes on with this stock there is no gaurantee...This should already be >$5..but it is not. Look at the valuations of other Blockchain companies with little or nothing going on. The disparity in market value is ridiculous.
The Shorts are on TSX ...SEC does not have any authority in Canada
what happens when the # of shares short exceeds the float? We are almost there....
I don't think this breaks free until/unless Bitcoin >15K and Kodak coin >$2.
Look at the Market Caps of HIVE, MGTI, KASH DPW. all are 4x or more BLOC...
I doubt it. I do not understand GBT's investment in "mining", "Miners" are a dime a dozen and Bitcoin is down 50% from highs and looks very shaky...I invested in this for Kodak and other ICO's....where are the ICO's?
This was announced in November
PATHETIC
Trapping the 25M short!
IIROC Trading Halt - BLOC
Canada NewsWire
VANCOUVER, Jan. 25, 2018
VANCOUVER, Jan. 25, 2018 /CNW/ - The following issues have been halted by IIROC:
Company: Global Blockchain Technologies Corp.
CSE Symbol: BLOC
Reason: At the request of the Company Pending News
Nearly 25,000,000 shares short on their primary exchange - TSX Venture
http://shortdata.ca/largest-short-positions/
If BTC is going to “plummet” why buy MGTI at any price?
rjunior,
Thanks for your reply. Unfortunately it still does not make sense to me...
You said "The reason is that to sell 30+million shares to retail AT MARKET,..."
The confusing part this is "At Market"
The Press release says ...on a “bought deal” private placement basis....
As a Private Placement, it seems to me like it would be a lot easier for Canncord to sell the shares at $2.40 (2.55 - 6%) if the stock were trading @ 3 or more...don't you think?
I still do not see who benefits by holding the price in check.
Reggie,
Your posts in the last 90 minutes...
1 - "This is starting to smell like a Scam.
Bitcoin at 15k abd this stk trades down..scam! "
2 - "Actually you make sense however I thought the 30mm deal closed already" - in reply to rjunior who said MM's were holding the share price in check
3 - "Exactly!!!..MM have no power for demand of this stock. Everything is computerized!!!..Blaming mm doesnt jive.." To me when I said MM's control of price did not make sense....
4- "I'm a holder! Are you?..nothing to do with making up your mind, about what??????"
Perhaps you should read up a little before making foolish posts... now take your meds and go back to school...
LOL...pls make up ur mind!
The deal was upsized to 50M, and has not closed...
Rjunior
You have not provided any reason Why MM’s would have to hold the price In while the Bought Deal is worked....this seems counterintuitive...if I am an investor in the Bought Deal why would I pay 2.55 when the stock is available for less on TSX & OTC?
In the meantime I would think BLOC / BLKCF should demand much more attention....BITCOIN now >$15K!!
rjunior,
You appear to be correct "MMs will keep this trading in range until the bought deal has been finalized."
But why? What is their reason to do this?
This is not what Global Blockchain has acquired a 49.9% interest in.
Coinstream Mining Corp. - the world’s first cryptocurrency mining company to employ the streaming model, providing strategic upfront capital and an additional payment upon delivery of the cryptocurrency, to select, proven, best-in-class operators and operations, in exchange for a stream of future cryptocurrency production, at a fixed price.
Coinstream has aggregated 10 megawatts of power in purpose-built data centers located in low power cost jurisdiction (under USD$.04/kWh) Manitoba, Canada.