Global Gaming Technologies Corp. (BLKCF)

[Imperial Whazoo]

You are not missing anythig.

I've just finished reading all the SEDAR dox delineating the deal in the works. I'd link to SEDAR, but they are behind a code protected login gateway, so everyone will have to go there themselvess.

https://www.sedar.com/search/search_en.htm

Here are relevant portions & the doc dates to look at
1.) November 7, 2017
Terms & Conditions of Coinstream deal
"49.9% of the issued and outstanding shares of Coinstream will be acquired by Global Blockchain Mining Corp. in exchange for 3.8 million common shares of Global Blockchain.

The agreement remains subject to various conditions precedent including that Global Blockchain raise not less than US$30,000,000 at which point they would make a commitment to fund US$10,000,000."

2.) December 21, 2017
The private placement colosed, finally, on 12.21.17 and it was on its third inarnation, eventually maxin at $42,965,383.50.

This tells me that these guys are having absolutely no problems raising money.

3.) December 12, 2017
Operational update, important take-away being that BLKCF bought 49.9% of Coinstream, and Coinstream is spending the money obtained by putting that money to work in a Cryptoba, who will do the actual mining using equipment that BLKCF obtains. Cryptoba has not yet begun mining. Cryptoba is currently leasing a 10 megawatt purpose-built date centre located in Manitoba, with costs per kilowatt hour of less than US four cents. Coinstream plans to move its operations into this facility. Coinstream will pay a fixed, low cost per coin for an agreed upon number of coins over a 5 year period.

There are lots of other docs but these delineate what, for me, is the meaningful set of necessary takeaways.

So, then we have the 12/27 PR, containing this:

"The Company is acquiring the equipment for investment purposes and will not be undertaking any direct cryptocurrency mining operations. Further to the Company's news release dated December 12, 2017, Coinstream Mining Corp. has agreed to accept a number of Antminer's, to be negotiated in the definitive agreement between the parties, in satisfaction of the Company's US $10 million investment commitment. Cryptoba Corp. has also agreed to accept such equipment in satisfaction of Coinstream's US $10 million investment commitment pursuant to their proposed streaming agreement with Coinstream."
Link --> http://www.stockhouse.com/news/press-releases/2017/12/27/global-blockchain-to-invest-in-bitcoin-mining-equipment#Psv3CqmSCc3K495X.99 PR

What we have here is a nice business plan being executed with precision.

The deals have been done. Over 50% more money was raised than originally planned, showing excellent acceptance by the business community.

Things are in place for 2018.
Happy New Year!

Imperial Whazoo