The details are sort of up in the air at the moment.
- Henry wants to be involved in blockchain, so that's a part of it. We do own 51% of a company called Regent Blockchain Group that has been showing some activity lately. Gildex would likely (obviously) be tied into that.
- American Pacific Resources (APR) holds 21 claims for gold mines in Granite County, Oregon. I think the last official number was 21 anyway. The original dividend plan was that APR was going to be a subsidiary, get listed on Nasdaq, and all shareholders would get a 20:1 divvy payout. This was the deal that was supposed to happen on June 30th that will likely get postponed.
HOWEVER
- That deal started a few years ago. Shortly after, Gildex was announced. Gildex was going to be a token that was backed by the gold being taken from APR. We weren't sure if we were getting our divvy in crypto... shares of the new stock... both... Regardless, the general idea was that the crypto would always have a base value intrinsically tied into the value of gold. The rising price of gold as well as just general supply and demand of the coin would drive that token price up.
- Rightfully so, Henry has been focused on ADE, the LMLC (or whatever acronym you want to use... LTMLC, LMCC, etc.) and the Lux Fund. Gildex and APR took a back seat at the moment. Which is fine. Lux, ADE, and LMLC will be what brings us to the forefront. APR/Gildex is just the whipped cream. But that's basically been the main reason for the delay.
We're just waiting to see what news is coming out regarding it. Should know more when we're current.
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