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Nilam Resources Enters Letters of Intent to Acquire 24,800 BitcoinPress Release | 03/25/2024
SNOHOMISH, Wash., March 25, 2024 (GLOBE NEWSWIRE) -- via IBN - Nilam Resources, Inc. (OTC PINK: NILA) today announced that it has entered into a Letter of Intent (LOI) with Xyberdata Ltd to acquire 100% of the common stock of a special purpose entity, to be established under the name MindWave that will hold 24,800 Bitcoin. Nilam Resources, Inc., will issue a newly authorized Preferred Class of Series C Stock in in exchange for 24,800 Bitcoins at a discounted rate relative to current market prices.
Nilam Resources, Inc. will acquire 100% of the capital stock of MindWave, a special purpose entity in Mauritius, which will hold digital assets including 24,800 Bitcoins and other assets. These assets will serve as collateral to raise capital for investment in high yield generating projects.
The acquisition marks a significant strategic milestone for the Company and represents over a billion dollars in digital assets. "The Company and team have been working diligently over the last several months to finalize all agreements and due diligence necessary to proceed to a legally binding Letter of Intent (LOI)," stated Pranjali More, CEO of Nilam Resources, Inc.
With the current market rally and the financial market's recognition of Bitcoin as the "Gold Standard" and the future of digital transactions, this transaction brings Nilam Resources assets with a value exceeding One Billion Dollars (USD).
This acquisition and resulting strategic partnership align with NILA’s vision, mission, and core values—a future where finance is inclusive and sustainable, pioneering transparent, impactful solutions while driving positive change in the digital economy. “Transparency, innovation, and sustainability define us. We prioritize clear communication, embrace cutting-edge ideas, and invest in projects with enduring social and environmental impact,” further commented Pranjali More, COO of Nilam Resources, Inc.
The terms and provisions of the acquisition will be detailed in one or more definitive agreements. It is expected that the acquisition of a 100% interest in MindWave, thereby making it a subsidiary of Nilam Resources, Inc. The shareholders of MindWave will exchange their equity interest in Mindwave for a new class of Preferred Shares (Class C) authorized and issued by NILA.
The new class of Preferred Stock (Class C) is expected comprise a number of preferred shares of the Company, entitling holders to conversion rights upon listing on NASDAQ or another national exchange or other defined liquidity events. These shares will be issued pro rata to the shareholders. All shares of Preferred Stock Class C issued pursuant to the transactions contemplated hereby shall be considered "restricted securities," as defined in Rule 144 under the Securities Act of 1933, as amended.
“This Letter of Intent (LOI) allows our team to work in unison with some of the best minds in Fintech. The Xyberdata Ltd.team has a proven track record of strategic partnerships, acquisitions and continued support innovation for the industry,” Stated Mr. Nadan, Director of Xyberdata Ltd.,” stated Mr. Nadan, Director of Xyberdata.
About Nilam Resources, Inc.:
Nilam Resources, Inc. is an investment holding company that stands at the forefront of innovation and strategic evolution. With its pursuit of growth, excellence, and positive impact, the Company embraces the dynamic fields of Frontier technologies and applications. Its main goal is to generate returns on its investments by acquiring, holding, and sometimes actively managing a portfolio of businesses in various verticals including FinTech, MedTech, ClimateTech and more. By diversifying into these verticals, NILA aims to tap into the innovative potential of these technologies and contribute to their growth while generating returns for its investors.
About Xyberdata:
Xyberdata, formerly known as 101 Systems Ltd and headquartered in Mauritius, is a leading player in global connectivity services. Since 2011, Xyberdata has been instrumental in keeping the world connected. With a network spanning Africa, Asia, Europe, North America, Oceania, and South America, comprising 80,000 km of optical fiber and 1,800 MPLS endpoints, we ensure seamless connectivity for our clients. Carriers worldwide rely on us for their business-critical services.
FDCT even the bid made this low floater go up, lol
NILA starting a position here, fins yesterday showing Change of Control https://www.otcmarkets.com/otcapi/company/financial-report/394754/content now actively managing a portfolio of businesses in various verticals including FinTech, MedTech, ClimateTech and more. https://www.nila.holdings/ Unrestricted 49,572,908 03/21/2024 Held at DTC 8,564,393 03/21/2024
NILA starting a position here, fins yesterday showing Change of Control https://www.otcmarkets.com/otcapi/company/financial-report/394754/content now actively managing a portfolio of businesses in various verticals including FinTech, MedTech, ClimateTech and more. https://www.nila.holdings/ Unrestricted 49,572,908 03/21/2024 Held at DTC 8,564,393 03/21/2024
Business Description
Nilam Resources, Inc. is a visionary investment holding company that stands at the forefront of innovation and strategic evolution. With its pursuit of growth, excellence, and positive impact, NILA has transitioned from its origins in health and wellness investments to embrace the dynamic fields of Frontier technologies and applications. NILA’s main goal is to generate returns on its investments by acquiring, holding, and sometimes actively managing a portfolio of businesses in various verticals including FinTech, MedTech, ClimateTech and more. By diversifying into these verticals, Nilam Resources, Inc. aims to tap into the innovative potential of these technologies and contribute to their growth while generating profitable returns for its investors. * Please note the New Twitter Account is: https://twitter.com/Nilaholdings any other accounts are not authorized by the Company and therefore not to be relied upon. Please look to this OTCIQ Profile account the latest information and updates.
NILA tiny float/trade able Authorized Shares
1,500,000,000
03/21/2024
Outstanding Shares
1,057,021,569
03/21/2024
Restricted
1,007,448,661
03/21/2024
Unrestricted
49,572,908
03/21/2024
Held at DTC
8,564,393
03/21/2024
FDCT nice bid support in 305k .014s and no ones interested in selling there, a few .015s then .02s for L2 showing
FDCT nice bid support in 305k .014s and no ones interested in selling there, a few .015s then .02s for L2 showing
FDCT nice bid support in 305k .014s and no ones interested in selling there, a few .015s then .02s for L2 showing
FDCT dont get much thinner than this one here .014s down on barely anything .015s showing 53k
FDCT dont get much thinner than this one here .014s down on barely anything .015s showing 53k
FDCT dont get much thinner than this one here .014s down on barely anything .015s showing 53k
Expert Market https://www.otcmarkets.com/stock/BOPO/security no USA brokers allow trading except to sell, if some foreigners wanted to buy they still can, so until BOPO submits to OTC Markets the filings they require to remove the CE its just dead for traders, but like I,ve said in the past BOPO has said they want this trading again as well so we wait
FDCT we may not trade that much here at the moment but feel that will all change shortly, one meaty update and we are off to the races, IGPK got a reality check today, so expect there will be lots of peeps looking for new plays
93 million RONN but who is buying them all as well, what we have 3 posters here?
https://twitter.com/KickoStocks
has the R/S docs on twitterPeople tweeting the $IGPK document is fake without buying it first are the ones that should be going to jail, I bought it and see the RS verbiage.
— OTCmethod.com (@KickoStocks) March 19, 2024
You should all be ashamed of yourselves pic.twitter.com/6wtt7b99gm
bring on the trip ZZZs the way this is going today
agreed just not enough money or time to find every play all the time, been my full time job for years though so must be doing something right, IGPK crashing hard again may re-enter tomorrow if they get this R/S non-sense figured out by then
if this can stay above .003s not much to loose tomorrow
FBEC 5.5B float, probably wont play that unless volume and DD looks more solid than IGPK, still dont think billion dollar companies would take stinky pinky with billions of shares, not to say money cant be made TNSP proved that but again all fell apart once it became HMBL
we're all in the same boat right now, just play ur other tickers, never how much in luv u never put all in on any ticker, IGPK just proved that today as well, opened .0196 sell off to .005 put my order in for .0058s they gave me .0051s so just missed bottom, already sold .0096s trading .011s but take profit when it presents itself
yea played it around the same time still have some RAKR flipped IGPK .0051-.0096 today so that was nice and quick, looks like I left some on the table still going, but that one is very volatile like we saw this AM so profit is profit
IGPK penny break in coming
jumped in IGPK for bouncer today wasnt watching L2 as close today
IGPK ok crazzy shit Im in for bouncer big time here
IGPK ok crazzy shit Im in for bouncer big time here
IGPK ok crazzy shit Im in for bouncer big time here
RONN looks like .0013s start today thin thin L2
RONN looks like .0013s start today thin thin L2
RONN looks like .0013s start today thin thin L2
dont do anything BOPO plans to come back trading, if in November still not trade able then u may want to get rid of them for tax loss, but just ignore them for now
RONN under 100k left .0012s if I saw L2 flash right there
well RONN .0013s just got tickled must mean .0012s are thinned
well RONN .0013s just got tickled must mean .0012s are thinned
well RONN .0013s just got tickled must mean .0012s are thinned
RONN dilution/seller certainly appears out last few days and rebound is beginning
RONN not much here at .0012s either
RONN not much here at .0012s either