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I have not seen the release I posted on the News Wires yet. It was filed on the 4th. No idea why they are holding back. Expected to see it Monday
Don't forget the second part of the offer, and the main reason this is such a great deal..
For every share at $4.6 they can in anytime up-to 36 months buy half a share at $6.
Think about it .. 3 years We could be $100+.
Vancouver, British Columbia; March 4, 2021 – TAAL Distributed Information Technologies Inc. (CSE:TAAL | FWB:9SQ1) (“TAAL” or the “Company”) a vertically integrated, blockchain infrastructure and service provider for enterprise, is pleased to announce that further to the Company’s press release dated March 2, 2021, two of its existing securityholders have, in the aggregate, committed USD$20.0 million to the Company’s public offering (the “Offering”) of units of the Company (the “Units”) at a price of $4.60 per Unit. With these commitments, together with additional expressions of interest from multiple institutional and retail investors, the minimum offering size of $26.0 million has been well exceeded, and we continue to see strong investor demand.
Hope that’s correct, the sale is not available in the US ( apparently not allowed ) so will be mostly in Canada, hence my question.
It should take the PPS above the $4.6 or it would be cheaper to buy at market prices.
Question, for the offering the price per share was $4.6 with option for more at $6
Is that Canadian Dollar or US ?
Reading through, i did spot this....
ANNUAL INFORMATION FORM
For the Financial Year Ended December 31, 2019
Surely this was for the Year ending 2020 not 2019....
Cut / Paste Error by the accountant ???
This could be Fun....
They had zero mining revenue because they off loaded their old inefficient mining equipment, and used the limited cash to buy new ones ( which will be reflected in part in Q1 )
40 million is a hell of a lot of money, which can buy a lot more mining rigs and massively ramp up revenue.
All Debt cleared as well
The capital of the company will be a lot higher and should be reflected in a higher SP
The warrant for an additional 50% at $6 in 3 years says they expect the SP to be higher.
Let’s see.... I see this as very positive.
I agree $20+ isn’t going to be immediate, and will be dependant on the offering being successful. Plus higher revenues showing in the filings etc... but even short term, a price stable well above $4.6 should be achievable.
Here is the important text
Vancouver, British Columbia; March 2, 2021 – TAAL Distributed Information Technologies Inc. (CSE:TAAL | FWB:9SQ1) (“TAAL” or the “Company”) a vertically integrated, blockchain infrastructure and service provider for enterprise, today announced that it has filed a preliminary short form prospectus in connection with the proposed offering of units of the Company (the “Units”) at a price of $4.60 per Unit (the “Offering Price”) for minimum gross proceeds of $26.0 million and up to a maximum of $40.0 million (the “Offering”).
The Offering will be conducted on a “best efforts” agency basis through a syndicate of agents led by Canaccord Genuity Corp. as lead agent and sole bookrunner (collectively, the “Agents”), in all of the provinces of Canada, other than Québec. The Units may also be offered for sale in such other jurisdictions as the Company and the Agents may agree, on an exempt basis in accordance with applicable securities laws.
Each Unit will consist of one common share in the capital of the Company (each, a “Unit Share”) and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant will entitle the holder thereof to acquire, subject to adjustment in certain circumstances, one common share in the capital of the Company at an exercise price of $6.00 per Warrant Share, until the date that is 36 months from the closing of the Offering.
The Company intends to use the net proceeds of the Offering for (i) the repayment of existing indebtedness, (ii) the further developing, launching and scaling of its products and platform, including through the purchase of additional blockchain computing equipment, and (iii) for working capital and general corporate purposes.
The Offering is expected to close on such date as agreed upon among the Company and the Agents, and is subject to certain conditions including, the execution of a definitive agency agreement between the Company and the Agents, and the receipt of all necessary regulatory and stock exchange approvals, including the approval of the CSE for listing of the Unit Shares.
This press release will have a much bigger impact on price.
Upto $40 million at a $4.6 per share offering
It’s what we saw / suspected.
This is MASSIVE
Today our entire MC is only 100 million
This could easily jump us to the $20 - $30 range
I only see it as a News Filing, but should be out on the official News Wires today
So Elliott is Cycling over a Wave
Isn’t that the into to the film ET...
Didn’t really spot anything unexpected, so would say neutral. Mining Revs was $400 ... which for a mining company seems obscure, but we know they sold of the old ones, and new ones are coming online in Q1.
To me the Guidance is more important this quarter.
A 5 (FIVE), WOW that is awesome, in my entire time the best I managed was a 3. And to do it, on no less than an Elliott Wave. This is something everyone here should take note and celibate.
PS, I also don’t know what that means
Fins and a load of filings out
OS 3.229 Billion. Another 300 mil added
Good job they stopped the Dilution,
Lol.....
Nice piece by Calvin on the Bitcoin Association response to Craig
https://coingeek.com/calvin-ayre-issues-statement-on-bitcoin-associations-response-to-craig-wright-legal-action/
Really not much to disagree with here.
To follow the latest on Craig v Ira on Court Listener
https://www.courtlistener.com/docket/6309656/kleiman-v-wright/?filed_after=&filed_before=&entry_gte=&entry_lte=&order_by=desc
That is beyond me, Its been hyped by a Discord Group, Conway frequently turns up for Q&A and push his BS..
How these scams always seem to find so many to donate, I simply don’t understand. Stock could be down 99.9999% but some would still be calling it a great investment.
Read your post , you said scammed by Conway in the past, but think he maybe a good investment now. What sort of idiot invests in a known scammer when he already has been stung by the same guy ?
1st fool on us all
2nd fool on you
As I already mentioned you have all the info you need.
PS I am not emotionally attached, I would never invest in a toxic scam stock.
You already have what you need, and more than others.
You can see the future.
Hmm no Filings...
Do they have longer for Year end ?
Not sure if OTCQX is different.
Is that on the same floor as the IT Department ?
I get confused, so many offices / Departments. It can be really hard to find the 3 people that work there.
Bitcoin association response to CW. Essentially agreeing with him on the substance, but defending the legal.
https://bitcoinassociation.net/bitcoin-association-statement-concerning-legal-action-by-dr-craig-s-wright-tulip-trading-ltd/
This needs to goto court and a have a Judge lay down what the law should be. Preferably with BTC, as those were the actual coins that were stolen. The others are just obtained from the forks.
A post tweeted on Calvin’s page related to CWs latest legal announcement.
———
Imagine stolen gold turning to lead, and when returned turning back to gold. Think of what this precedent means for Bitcoin transactions. A blockchain that works within law, and law wins. Satoshi included a way to freeze assets, and Core removed it.
———
This is still part of BSV, and I’m sure BSV will lead the way to show how this can work. The rest will just flounder and end up in court.
The Mantra that if you own the keys you own the Coin is just plain wrong. If you drop your house keys, you don’t loose your house. Crypto has a lot of growing up to do.
Even regaining access to lost Coins ( not stolen ) should be possible.
This is the text in the filing... remember its just the first step, nothing confirmed.
TAAL Distributed Information Technologies Inc. (the “Issuer”) intends to be qualified to file a short form prospectus under NI 44-101. The Issuer acknowledges that it must satisfy all applicable qualification criteria prior to filing a preliminary short form prospectus. This notice does not evidence the Issuer’s intent to file a short form prospectus, to enter into any particular financing or transaction or to become a reporting issuer in any jurisdiction. This notice will remain in effect until withdrawn by the Issuer.
Agreed, the new Miners didn’t start to come up until a few weeks ago.
I posted about a filing they made on the 11th Feb that indicates they are thinking of an offering. Shortly after that the SP went from $1.5 to nearly $7. Maybe we get some idea of whats going on, or maybe it’s to soon.
Hints on what they could buy would be interesting Companies ?? More Mining Power ??
It could be nothing, but certainly something that got my interest.
Should get the Q4 / Year End Fins Friday
Neutral, short term , good for BSV long term
I see this as a BSV dominance thing. Imagine this ( which I expect to be true )
BSV : we can give back the coins, or at least block them so criminals can’t operate on the BSV Chain.
All the others: nothing we can do, you own the keys, you own the coins. Now let us get back to our criminal activities.
I don’t think it’s a major thing, just an interesting one to watch.
Worth a quick read
https://coingeek.com/craig-wright-begins-landmark-legal-action-to-retrieve-stolen-coins/
Note BSV included in this action. Reading between the lines, I suspect the BSV guys are ready for this, and this will be seen as a ‘See how we operate within the Law’. While the others kick and scream..
Although as Craig is a security expert and Bitcoin Genius, how did he get hacked in Feb 2020. It is a bit embarrassing...
Had a quick look at the fins. No way with its current structure does it justify a 3 billion market cap, and there is some toxic financing in there. $50,000 with a guaranteed buy at 0.005.. as the stock is at nearly a dollar, they will make a fortune dumping them.. the rise was from near zero to 1.5 before dropping back. I assume there is some sort of story, but it looks very pumpy / dumpy.
If it is a reverse merger, you can bet one of their first actions will be to clean up the OS with a Reverse Split, and assign the new directors with Class / Preferred shares.
No, nothing at all. As with any stock with crazy OS check there is no Toxic Financing going on.
Yes, as was almost all the drop.
Looking a bit better :)
Considering the carnage in Crypto, not a bad day for TAAL
The volatility of Crypto just is what it is. The whole sector needs to grow up. The model behind BTC as some sort of Sudo stock is just stupid.
TAAL / BSV at least has the right model. It’s about transactions and real business, not betting if an invisible asset goes up / down.
To me, the volatility is just noise, what concerns me more is the transaction volume on BSV. In that, it needs to improve.
Crypto looking very ugly. CW has said in the past BTC could goto zero, and very fast.. with movements like this, you can see what he means
I agree on one thing... He is certainly Special
Another little comment on TPS on BTC / BSV, remember transactions don’t mean value. BTC transaction will be low, but the value high. You don’t want a $10 transaction fee buying a coffee, A $10 fee to transfer a million maybe deemed acceptable.
BTC Transactions per DAY = 336,000 about 3 TPS ( 50% of what the network is capable of )
BSV Transactions per DAY = 356,000 still about 3 TPS. BSV is capable of about 14,500 TPS today...
So 0.0002% of the total is been used today. This MUST improve.
TerraNode due soon will increase this capability to 50,000 TPS
TAAL is a pure play on the eventual success of BSV. Transactions on the network are a good way to track how well the process of adoption is getting along.
Its nice that even today where we have pulled back from the run, the volume charts still show the buy order volume is outweighing the sell orders.
In fact in the last 12 trading days only 1 had higher selling.
It shows good confidence in the stock.
BTC up a bit today also, and looking like it will run over the weekend. Should pull BSV up a bit, but what it really needs is greater BSV transaction volume. Dispite undoubtable scalability, the volume remains far too low.
Take a look, you can also compare against different coins.
https://bitinfocharts.com/comparison/bitcoin%20sv-transactions.html
I may be putting too much faith into the chart been accurate, but it looks like 2021 volume is actually lower.