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Thursday, November 30, 2017 5:55:48 PM
The PR...
https://www.marathonpg.com/news/press-releases/detail/1166/marathon-patent-group-to-acquire-global-bit-ventures-inc
...has this quote from a gentleman named Charles Allen:
"“This transaction marks a major milestone for GBV and sets the stage for rapid revenue acceleration in the years ahead,” stated Charles Allen, Director of GBV and an early mover in the digital asset industry."
Elsewhere in the PR it says tha MARA is acquiring 100% ownership of Global Bit Ventures.
"....it has entered into a definitive purchase agreement to acquire 100% ownership of Global Bit Ventures Inc. (“GBV”), a digital asset technology company that mines cryptocurrencies. "
OK. So, the word used here is "mines", which is present tense, which means the mines are currently open & running.
OK, so here is the link to GBV's web site:
http://www.globalbitventures.com/
Scroll down to the section of the web page called "Our Current Operations" and it says that thier "Location Is Secured And Buildout Underway" and "Mining To Commence In Q4".
So, since the PR refers to this company (GBV), and since the web site of that company says that the mining is to begin Q4 and since this is Q4, can we safely conclude that the mining opeeration the PR refers to the one refered to on GBV's web page and that it has newly begun operations, having only recently completed build-out?
Also, is this Charles Allen the same guy who started and is currently still affiliated with BTCS, which was the earliest tradable OTC company in the Bitcouin arena? Does anyone know if this is the same guy?
I went to youtube and listened to a bunch of videos involving a Charles Allen and if this is the same guy, then having him associated with MARA is a big deal because he is very knowledgable and known in the industry.
And given that this is a 100% buyout, and given that Mr. Allen says "“This transaction marks a major milestone for GBV and sets the stage for rapid revenue acceleration in the years ahead,”, are we to conclude that Mr. Allen is joining MARA in some capacity (as a member of the Board of Directors, for example), which would be about the only way I can figure out that a 100% buyout "sets the stage for rapid revenue acceleration in the years ahead"?
Anyone knowing anything about any of these things would be very welcomed if they could weigh in.
TIA
Imperial Whazoo
"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."
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