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Thursday, 03/08/2018 4:22:38 PM

Thursday, March 08, 2018 4:22:38 PM

Post# of 637
This was posted on another investment blogsite.....

I did some more reading, and kinda answered my own ?, ....DRGN was not bought by cogint, but they did buy a 5% share. Not sure how that works w/ crypto....did they just buy DRGNS? Or stock? Or an ownership position for $? I wouldn't be surprised to see an ICO via Red Velvet, but for now it seems mr. David Drake(fund manager and ICO developer) who bought(or bought into) Cogint on the super cheap for its infrastructure, is 'remodeling' the company, to market its same services, w/ the security of blockchain. Cogint was a pretty sleepy company in Florida doing data services...nothing at all remarkable, until Drake got involved, and they issued like 10 mil in new stock to fund Red Velvet. I think for now, Cogint just plans on primarily using the DRGN architecture for its own enterprise. Dragon guys are super super quiet about ANYTHING big development wise - I'm guessing its responsible hype mitigation, SEC defense, and contractual obligations - so we just don't know. Still, Cogint is one of the only sizable publicly traded companies with a good foundation to go into blockchain enterprise services on a large scale. Very positive for Dragon, and blockchain in general.
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