Wednesday, December 06, 2017 9:26:02 AM
Remember the whole subprime 2008 mortgage mess,,,
Blok looking to Blockchain the whole real estate mortgage industry !!
https://globenewswire.com/news-release/2017/12/06/1233830/0/en/Block-One-Capital-Inc-Agrees-to-Acquire-up-to-40-of-New-York-USA-Based-Mortgage-Blockchain-Company-and-Announces-Board-of-Advisors-Appointment.html
Block One Capital Inc. Agrees to Acquire up to 40% of New York, USA Based Mortgage Blockchain Company
Finzat’s blockchain system aims to solve a myriad of problems in the approximately ten trillion dollar United States residential mortgage market, namely: transaction tracking, compliance, auditing and security.
Also based on their presentation, they have a crypto deal that will gen $16 million USD a year NET.... 90% MARGINS !!
Market cap only $70 million. Other companies trading at 60x, 65x, 100x valuations.
40x brings BLOK at 811 million market cap, now only $70 million.
http://www.blockonecap.com/wp-content/uploads/2017/12/Block-One-Deck-Release-V1.pdf
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