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Hi
Is there a link or phone number to attend todays meeting?
Thanks
Thanks for the explanation Shiv.
Are you planning to provide a Zoom or google meet link for the shareholders who can not attend the meeting in person?.
Thanks
Not in near future. We need to wait at least for 3-4 years.
A clean tax asset even at its 50% face value should provide at least 3+$/ share. Not sure why only up $1. Any dilution may take it to penny land
Comp looks high and we don't have any other options. They still show that we have close to 220 million in assets with 31 million shares. But pps upon merging is goingto be upto 1$/ share. We don't know how long it is going to take to see the liquidity in our accounts.
No. The first round investor got around 11 million shares for his investment.
No news about financials yet. someone is buying a few hundred thousand for the past few days. no idea what is going on.
it is very quiet here. No updates for a long time.
No financials yet. Hope we will see some filings this month.
I notice a few filings this week in pacer. Not sure how long it is going to take before we see dollars in our accounts.
Tuesday, January 18, 2022
Order Granting Motion To Continue Hearing On Objection to Claim and Granting Motion to Extend Related Deadlines. IT IS FURTHER ORDERED that movant shall serve this order on the required parties who will not receive notice through the ECF System pursuant to the FRBP and the LBRs and file a certificate of service to that effect within three (3) days. Related [+] Signed on January 18, 2022. Hearing scheduled for 3/22/2022 at 10:00 AM at U. S. Courthouse, 800 Lafayette Street, Courtroom 5, Lafayette, Louisiana 70501. (Nunnery, J.)
Monday, January 17, 2022
1042 motion 03Extend Time Mon 01/17 1:34 PM
Consent Motion to Continue Hearing On Reorganized Debtors Objection to Renewal Capital Claim and Extend Related Briefing Deadlines with Certificate of Service , Motion to Extend Time Related [+] Filed by Barbara B. Parsons of The Steffes Firm, LLC on behalf of First NBC Bank Holding Company (Parsons, Barbara)
I remember that they had the tax refund, NOL and tax credit figures in the plan.
The tax refund is for FDIC.
Then they had 147 millions in tax credit and 350+ millions in NOL.
next 8-K filed on 25th October
Item 1.01. Entry into a Material Definitive Agreement
Item 8.01 Other Items
Blox Inc and Ashanti Sankofa Inc to acquire Grumesa project with 931,541 ounces of Gold in Ghana.
In accordance with the Strategic Alliance Agreement of 2018 between Blox Inc and Ashanti Sankofa Inc (ASI), ASI has elected to be involved with this project, and has assumed primary responsibility to prepare the feasibility study for submission for a mining license.
Blox Inc is pleased to announce that it has signed an agreement to acquire the Exploration Licence for the Grumesa Project in Ghana. The concession has a 43-101 report dated September 2010 showing a total of 931,541 ounces Au, comprising 569,492 ounces Au indicated and 362,049 ounces Au inferred.
“This is an exciting project for us, and we look forward to working with ASI as the project unfolds” said Chairman Tony Pickett. “Our philosophy is to reduce our carbon footprint wherever possible and feasible, and to work towards zero carbon emissions inside the mine gate”.
The Agreement is subject to the Minerals Commission and the Minister of Lands and Natural Resources giving their consent for the transfer of the concession to Blox, Inc normal course of business this transaction may take several months to close.
The Property and Location
The Grumesa Project (Project) is in Ghana, West Africa, and is situated approximately 50km to the south of the regional town of Obuasi and 350km northwest of the capital city of Accra. The Grumesa Project area consists of the Grumesa-Awisam Prospecting license (PL2-30)
which is comprised of two discontiguous blocks with a combined area of 37.8km2.
The larger Grumesa Block has an area of 34.3km2 while the smaller Awisam Block has an area of 3.5km2. The license is wholly owned by Perseus Mining Limited (Perseus).
Geology and Mineralisation
The Project area is situated within a sequence of Lower Proterozoic Birimian (2.17 to 2.18Ga) coeval meta-volcanic, metasedimentary (basin) rocks and Tarkwaian (back arc) epiclastics, on the eastern flank of the Ashanti Belt.
Gold mineralisation at the Project occurs primarily within an inter-bedded sequence of coarse clastic conglomerates, sandstones and siltstones of the Kayeya Conglomerate unit which forms part of the Lower Proterozoic Birimian to upper Tarkwaian stratigraphy.
43-101 Report recommendations
The Project is prospective for the discovery of additional resources and further exploration targeting extensions to existing mineral resources as well as the discovery of additional zones. Subsequent work on exploration at the Project and the evaluation of existing mineral resources should include the following:
? Deeper infill drilling to better target depth extensions to mineralised zones as most of the drilling has been confined to a depth of 60m.
? Further investigation should be made into the structural/lithological controls on the mineralisation to accurately target higher grade mineralised zones.
? Completion of pit optimisation studies to assess the economic viability of the Project as a low cost, low grade, high tonnage deposit.
? A comprehensive bulk density sampling program across the extent of the project area to better define density values for each lithological domain.
It is envisaged the project will produce at circa 30-50k ounces per annum for more than ten years at low cost. Further information shall be announced as the geological team accesses the full potential and preferred way forward to develop the project.
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: October 25, 2021
Blox, Inc.
The 8-K filed by BLXX today.
Item 1.01. Entry into a Material Definitive Agreement
Item 8.01 Other Items
Blox would like to update the Market on the following matters:
1. Audit of the Financial 10 – K accounts
The Annual accounts are with the Auditors at the moment, and the Audit is expected to be completed in about 3 weeks, at which time the 10 – K will be filed. This will be closely followed by the Q1 and Q2 financials, and we hope to have the Company fully compliant by mid November 2021, at which time normal share trading can resume.
2. Appointment of a Chief Financial Officer
The Company is in the process of finalising the appointment of its new CFO, and we expect to make an announcement within one week. One of the agreed tasks to be achieved by the new CFO is to ensure our filings ALWAYS remain current – a vital aspect as we move forward.
3. Mansounia Project
Following the recent military coup in Guinea whose primary goal is to eradicate corruption in Guinea, our barrister has been in discussion with various Senior members of the Judiciary and has been advised that our case is now scheduled as a priority case and is likely to be heard in October or November 2021. We will keep the Market advised as further information comes to hand.
The company filed form 8-K on October 22, 09:00:25: Item1.01: Entry into a Material Definitive Agreement
98% down and is at pps has fallen down to 0.0001. No update from the company.
I think it is a different company.
Not sure. No trades on this today. Hope the company will take the necessary steps soon.
BLXX -Downgraded to Expert market? Any idea where it is heading to ?
Thanks
I think claim 27 was filed by AIG Property Casualty, Inc. and FNBCQ filed an objection to clim No. 27. on 07/26/2021
1012 07/26/2021 Exhibit (Declaration of Shivan Govindan in Support of Objection to Claim No. 27 Filed by AIG Property Casualty, Inc. with Certificate of Service) Filed by First NBC Bank Holding Company (RE: (related document(s)[1008] Objection to Claim filed by Debtor First NBC Bank Holding Company)
1018 08/25/2021
Order Sustaining Objection to Claim. Claim 27 is Disallowed. IT IS FURTHER ORDERED that movant shall serve this order on the required parties who will not receive notice through the ECF System pursuant to the FRBP and the LBRs and file a certificate of service to that effect within three (3) days. Signed on August 25, 2021 (RE: related document(s)[1008] Objection to Claim filed by Debtor First NBC Bank Holding Company) (Nunnery, J.)
1013 08/13/2021
Unopposed Motion to Continue Hearing On 8/31/21 and Extend Response Time to Discovery and Responses to the Claim Objection (RE: related document(s)[1005] Notice of Hearing filed by Debtor First NBC Bank Holding Company) Filed by Stephen L. Williamson of Gordon Arata Montgomery Barnett on behalf of Renewal Capital Company, LLC
On June 28th, appeal to the Fifth Circuit was dismissed.
00306/29/2021Fifth Circuit Court of Appeals Action Number: 21-30289 is Dismissed as of June 28, 2021. Copy of the Judgement issued as the mandate. (RE: related document(s)[1002] Document) (Nunnery, J.)
Hopefully, we should get a good news soon.
Thanks
I don't agree that the worth of a plant, number of patents and the NOL (may be in few hundred millions) is only 4.3 mm.
If there is a 2nd transaction coming, why should PWC hide it from shareholders even after CCAA? Now PWC is out and who will handle the transaction as there is no board.
Yes SC777. Hope it is a good news and things should move faster
Hi,
I think it is the appeal by US treasury.
100306/29/2021Fifth Circuit Court of Appeals Action Number: 21-30289 is Dismissed as of June 28, 2021. Copy of the Judgement issued as the mandate. (RE: related document(s)[1002] Document) (Nunnery, J.)
I don't think FNBC filed for an appeal. I have not seen in PACER. there was an appeal by US treasury. I need to check what it is about.
Thanks a lot SC777 for your efforts. Hope it will happen sometime in 2022. Fine by me if it pays off handsomely.
Thanks
yes.
995 04/01/2021 Judgment By District Court Judge Guidry in Civil Action Number: 20-cv-1459. The Bankruptcy Court Ruling is Affirmed. Signed on March 31, 2021 (RE: related document(s)994 Opinion (District Court)) (Nunnery, J.)
994 04/01/2021 Memorandum Opinion and Order from USDC #20-cv-1459 Signed by Judge Guidry on March 31, 2021 (RE: related document(s)862 Notice of Appeal filed by Interested Party United States of America/Treasury) (Nunnery, J.)
hope we will get an update from the debtor soon.
one more day passed without any update.
I see this in my Etrade account transACTION HISTORY
02/03/21 Reorganization xxxxx FIRST NBC BK HL CONTRA CUSIP COMMON STOCK SHRS RECEIVED THRU MERGER Unassigned 0.00
02/03/21 Reorganization xxxxxx FIRST NBC BANK HOLDING CO COMMON STOCK 1:1 MANDATORY EXCHANGE INTO 321CNT024 Unassigned 0.00
02/03/21 Reorganization FIRST NBC BANK HOLDING CO COMMON STOCK MANDATORY REORG FEE CHARGED Unassigned -38.0
Is this offering for first round investor? hope we will hear about the next step soon.
I too checked. but could not find any information. I am trying to get hold of etrade customer service agent. They may have some information that will be updated tomorrow.
I still see cusip 32115D106 in my etrade account. Let us see if etrade shows this new cusip tomorrow.
I haven't seen anything yet. Are they supposed to provide a PR?
Thank you very much EI.
Are we expecting a pr tomorrow?
It may take one or 2 days depending on the brokerage account. mine is Etrade.
I too notice that. 0.0728 was the closing price on 01/22.
thanks for the response. $0.26 for old shares looks very low when considering 147 million in tax credit and 350+ million in NOL. lets see where will it end up.