Replies to post #1962 on Blox Inc (fka BLXX)

[pb_trading]

That's it, nice post.

$BLXX

[Memelin]

Looking at their 10-K from last year has me scared though. Theyre very upfront with their risks it being on the second page but it seems like theyre other company isnt making them any money.
They say currently all of their operations are causing a net loss and their way of paying for things rigjt now is selling stock. I know their liscence being accepted would make the stock go up for sure, but I dont see how their next 10-K (which historically has been june every year except the last which was july 1st) doesnt just reflect even worse earnings if their current other ventures arent bringing in any net profits.

[Jack_Herer]

Getting their exploration license reinstated is a material event and would demand an 8-K to announce it. They would issue the 8-K immediately, given how significant an event this would be. No SEC filings since March, however...

And yes, they need the exploration license back in order to resume their application for a mining license. No mining license; no mining of course.

They've held the Guinea project since 2014, so it's not quite a "new" project. And they've done little on the property in those 6 years compared to your average junior explorer out there.
The market rightly decimated their share price for losing the license; it was their core project, the valuation of the company was based upon the potential value of the gold resource at Mansounia. And they lost the license...

And I don't think they are actively working in Ghana, at least there's been no PR's on exploration results from those properties, ever...? Probably because the properties are not worth spending a dime on.
Exploration is expensive and these guys are paupers; otherwise why do a convertible debt financing for a pittance that dilutes your share structure by around 90M shares.