SPINOUT
BLOC President and CEO Shidan Gouran states, "Our conversations for collaboration with X2 have been in the making for close to a year now. As these relationships have strengthened, we have elected to capitalize on our synergies by way of an acquisition with X2. In addition to picking up X2's projects, we have also brought on two true pioneers, with track records that are second to none, to run and continue growing the leading blockchain company in the media, entertainment, and gaming sectors. All assets belonging to BLOC’s exchange and enterprise divisions will be spun out into a separate company, to be run by BLOC’s current management and operational team. Now you have two best of breed teams, one developing pioneering blockchain based exchange, supply chain and trade finance platforms and the other pioneering blockchain applications in the media, entertainment and gaming sectors, to the great benefit of all shareholders.”
BLOC Chairman, Steve Nerayoff states, “In less than a year, we have managed to develop three companies that are positioned to disrupt blockchain from the perspectives of mining, exchanges, and innovation. By segmenting our competencies and resources so that we can incorporate the strengths of partners such as X2 Games, we believe that this is conducive to realizing revenue earlier and being more profitable in the long term.”
BLOC assets to be spun out include:
All rights, work product, and assets related to the development of the Laser blockchain.
All holdings of Laser Technologies Corp. - Cayman Islands subsidiary.
All rights, work product, and assets related to the development of the Singularity digital asset and forex exchange.
SPINOUT
BLOC President and CEO Shidan Gouran states, "Our conversations for collaboration with X2 have been in the making for close to a year now. As these relationships have strengthened, we have elected to capitalize on our synergies by way of an acquisition with X2. In addition to picking up X2's projects, we have also brought on two true pioneers, with track records that are second to none, to run and continue growing the leading blockchain company in the media, entertainment, and gaming sectors. All assets belonging to BLOC’s exchange and enterprise divisions will be spun out into a separate company, to be run by BLOC’s current management and operational team. Now you have two best of breed teams, one developing pioneering blockchain based exchange, supply chain and trade finance platforms and the other pioneering blockchain applications in the media, entertainment and gaming sectors, to the great benefit of all shareholders.”
BLOC Chairman, Steve Nerayoff states, “In less than a year, we have managed to develop three companies that are positioned to disrupt blockchain from the perspectives of mining, exchanges, and innovation. By segmenting our competencies and resources so that we can incorporate the strengths of partners such as X2 Games, we believe that this is conducive to realizing revenue earlier and being more profitable in the long term.”
BLOC assets to be spun out include:
All rights, work product, and assets related to the development of the Laser blockchain.
All holdings of Laser Technologies Corp. - Cayman Islands subsidiary.
All rights, work product, and assets related to the development of the Singularity digital asset and forex exchange. All rights and work product relating to the business and technology development of Stratus.
All rights and work product relating to the development of any Middle Eastern Cryptocurrency Spot Exchange.
Blockchain Technologies DMCC – Dubai subsidiary.
All rights and interests relating to the investment in Hyperion Crypto Exchange Inc.
The agreement and project building ongoing with HPE.
The Quisitive investment.
BLOC shareholders as of the November 1st Record Date will be entitled to this spinout. The spinout will also receive $2,000,000 of BLOC’s cash holdings.
**So after this next spinout, happening the beginning of next month, we will have 3 separate companies:1) BLOC/BLKCF- Focusing on media, entertainment and gaming sectors. 2)FORK/GBCHF- focusing on mining of cryptocurrencies, mainly bitcoin. 3) And the 3rd will be the spinout on November 5th, will include ALL exchange assets, laser, singularity, dubai subsidiary, HPE, hyperion, etc. *** THEN WE JUST FORGET WE OWN THE 3 COMPANIES AND IN 2-3 YEARS , BOOM!!!!!
AI
