Global Gaming Technologies Corp. (BLKCF)

[investor15]

GLOBAL BLOCKCHAIN COM NPV (OTCMKTS:BLKCF) Builds Out The Team

By Jermaine Farmer - October 29, 2017

GLOBAL BLOCKCHAIN COM NPV (OTCMKTS:BLKCF) is a prime example of where things stand in the blockchain and cryptocurrency space. BLKCF retracted some this week, but had been on a rampage, launching higher on extremely thin trading volume for a couple hundred percent, and then holding onto those gains once liquidity found the shares. The company has been working to establish greater legitimacy ever since. And as we know, there is no better way to achieve that than building out the board and management team.

As such, earlier this month, the company announced the appointments of its new management team consisting of Mr. Steven Nerayoff as Chairman, Mr. Rik Willard as CEO, Mr. Shidan Gouran as President and Mr. Kyle Kemper as Chief Strategy Officer. However, no name is as interesting as Jim Rogers, who has been named to the company’s advisory board (“In addition, the Company is pleased to announce the creation of an advisory board consisting of the following members: Jim Rogers, Jeff Pulver, Gary Rubinoff, Mike Terpin, David Drake, and Manie Eagar.”).

GLOBAL BLOCKCHAIN COM NPV (OTCMKTS:BLKCF) frames itself as an investment company providing investors access to a basket of holdings within the blockchain space, managed by a team of industry pioneers and early adopters of all major cryptocurrencies.

GBT is focused on streamlining the current arduous, lengthy and complicated process that interested investors need to undergo in order to gain exposure to the cryptocurrency space with a view to becoming the first vertically integrated originator and manager of top-tier blockchains and digital currencies. GBT is listed on the TSX Venture Exchange and its common shares trade under the ticker symbol \”BLOC\”.

According to company materials, “Global Blockchain Technologies Corp. is an investment company providing investors access to a basket of holdings within the blockchain space, managed by a team of industry pioneers and early adopters of all major cryptocurrencies. GBT is focused on streamlining the current arduous, lengthy and complicated process that interested investors need to undergo in order to gain exposure to the cryptocurrency space with a view to becoming the first vertically integrated originator and manager of top tier blockchains and digital currencies. GBT is listed on the TSX Venture Exchange and its common shares trade under the ticker symbol “BLOC”. Other information relating to GBT is available on SEDAR at www.sedar.com as well as on the Company’s website at www.globalblockchain.io”

As noted above, the stock has been strong, particularly during its illiquid period. But it has held up well since achieving greater liquidity as well. Recently, we saw this company really build out a number of management positions and establish an advisory board as part of an effort to establish greater legitimacy.

Of all the names involved, the most interesting has to be Jim Rogers (the former partner of George Soros in the Quantum Fund in the 1970’s and 80’s).

The company’s bio on Rogers runs: Mr. Jim Rogers is an American businessman, investor, traveler, financial commentator and author based in Singapore. Jim has authored several best-selling books, including his latest, “Street Smarts: Adventures on the Road and in the Markets” and is currently the Chairman of Rogers Holdings and Beeland Interests, Inc. Jim also co-founded the Quantum Fund with George Soros which went on to capture a 4,200% return in ten years, significantly outperforming the S&P 500 during the same timeframe. Jim then went to create the Rogers International Commodities Index in the 1990’s based on commodities futures. In 2011, Rogers started a new index fund called The Rogers Global Resources Equity Index which focuses on the top companies in agriculture, mining, metals and energy sectors as well as those in the alternative energy space including solar, wind and hydro. Jim is also a frequent contributor to ‘The Washington Post’, ‘The New York Times’, ‘Forbes’, ‘Fortune’ and ‘The Wall Street Journal’ and has served as a guest professor of finance at the Columbia University Graduate School of Business.

Now commanding a market cap of $32.1M, BLKCF has a reserve ($490K) of cash on the books, which compares with virtually no total current liabilities. BLKCF appears to be pre-revenue at this point. However, the company is seeing recent declines on the top-line on a sequential quarterly basis. We will update the story again soon as further details emerge. Sign-up for continuing coverage on shares of $BLKCF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $BLKCF, either long or short, and we have not been compensated for this article.

http://oracledispatch.com/2017/10/29/global-blockchain-com-npv-otcmktsblkcf-builds-team/