Did more DD today. I think Papa likey.
Vancouver, BC, Canada, February 22, 2021 – Skychain Technologies Inc. (TSXV-SCT) announces that the private placement announced January 28, 2021 to issue 1,315,800 common shares at a price of $0.95 per share is withdrawn and replaced by an offering to issue 1,315,800 units at a price of $0.95 per unit to raise $1,250,000. Each unit consists of one common share and one share purchase warrant.
Each share purchase warrant will entitle the holder to purchase an additional common share of the Company at a price of $1.50 per share (the "Exercise Price") for an exercise term of 2 years from the date of issuance.
The funds raised through this financing offering will be used to satisfy the requirements outlined in the news release of January 13, 2021 to meet the criteria to secure debt funding of $3,500,000. The proceeds from the placement and the loan will be used to complete the purchase and upgrade in capacity of the Sherbrook facility in Quebec.
Admittedly I'm a noob, but isn't that a bullish sign?
I read a lot of their news today. It seems like they have two facilities getting started, one in Manitoba, one in Quebec. Also allocating resources to cloud gaming. Read some of the news on their site for yourself, it looks legit.
You really can't trust the blurbs on Marketwatch when it comes to OTCs.
Anyway, I think I like this stock. It's totally bizarre; the price is at .1. The ask is at $100. Lmfao.
Idk what's going on but I'm trying to buy more shares when possible.