Tuesday, January 21, 2020 11:23:18 AM
Entrex and UNSS merged. Entrex is significantly larger than UNSS was. Entrex was not public. The owner of Entrex has built 2 billion dollar companies.
So now the 2 companies have merged and the stock price WILL be a reflection of the 2 companies together. The first public stock price exposure for Entrex.
The Entrex CEO just mentioned getting to the big boards after scaling.
So the stock price here could be significant.
And I like to refer to a post from April:
https://www.marketwatch.com/press-release/entrex-capital-market-executes-letter-of-intent-with-universal-solar-technology-inc-creating-carbon-trading-market-2019-04-26
The Entrex Capital Market joint venture with Long Blockchain LBCC:
https://investorshub.advfn.com/Long-Blockchain-Corp-LBCC-33118/
"Entrex shareholders will receive 20% of the joint ventures revenues up to $31,000,000 distributed on a monthly basis and will own 40% of the equity of the entity. Universal will invest $4,000,000 in cash for 40% of the joint venture founding equity. Stephen H. Watkins, CEO of Entrex, is expected to join the UNSS Board of Directors. Universal also has a minimum buy-out option which allows it to purchase all remaining equity holders shares based on a minimum of 11.6 times a minimum trailing twelve-month EBITDA of $15,000,000 - resulting in a minimum enterprise value of $174,000,000. This valuation is expected to be 15% below market comparables providing Universal an estimated $30,000,000 in additional market valuation when and if the option is exercised."
"Andrew Shape, CEO of Long Blockchain suggests; "Our partnership with Entrex has facilitated Long Blockchain's transition into the blockchain industry by leveraging Entrex's proven blockchain-enabled technology platform. Together, we will seek to scale the platform across a range of industries and types of assets. We expect this transaction to provide nearly $3 million in cash-flow from the revenue participation certificate and an additional $6.9 million for the LBCC shareholders if UNSS executes their buy-out option."
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