Blockchain Worldwide Share Discussion Threads

[still waiting] 04/6/2018 15:53

Still at the accumulation stage, no rush yet.

[kiwimonk] 04/6/2018 14:09

Don't let Poor Double Dutch wind you up boys.
Another persistent loser populating bulletin boards with their personal gripes against not being able to pick winners.

You have to wonder what would make someone post on a company that has yet to go up 10 bags, say we are ramping. How on earth can you ramp something that hasn't taken off, that is run with absolute minimal expense, only listing fees, has £1.4m in the bank.

When this goes to £100m mk cap, we can remind the bashers that they had the chance, and that they were too busy not realising another massive chance to get rich out of a stock, we can remind them, it would be harsh, but lets remind them at £1 pound a share.

Remember all the tech shares that go up 10,20 times, and ALWAYS before you have these toss pots slagging away. Filter them.

[still waiting] 04/6/2018 13:01

DD you should send your remarks to tern bod, I'm sure they would be quite happy to add you to the list for defamation in due course..

[double double] 04/6/2018 13:00

Flashinthepan f off you lunacatic. Take your own advice!

[double double] 04/6/2018 12:56

Oh dear here we go again so this is your second scheme then get others loaded up and then run

[still waiting] 04/6/2018 12:47

Picking stock up on down days is usually beneficial.

Especially in RTO plays when news is not regular.

[double double] 04/6/2018 12:46

You must have me mistaken for someone else! Oh look I have a red tick told you you were paranoid. You cannot tick yourself here.

[moneymunch] 04/6/2018 12:43

Lol DD, you were slagging Tern off the other week, and I dare say you had the same opinion on DERR as far as cash shells are concerned....Bloc's turn soon, a "game changing deal" could land at anytime....Gla Blockheads...get ready for the multi-bag. :-)

[double double] 04/6/2018 11:09

TERN looks more interesting..

This could be a cash shell for the rest of the year.

[still waiting] 04/6/2018 08:31

First nibble.

[still waiting] 03/6/2018 19:50

Nothing to keep you here then.

[sb888] 03/6/2018 19:45

This is a dog. Wouldnt touch it with a barge pole

[moneymunch] 03/6/2018 19:42

Stick some in here Ben for near term multi-bag. Gl :-)

[bitcoinben] 03/6/2018 15:34

Calling those who're interested in Bitcoin Mining #cryptocurrency & better trading opportunities. I will show you my results & proofs! Send email: [e-mail]

[still waiting] 03/6/2018 13:27

I think we'll see new closing highs next week.

With blockchain investment and other global rto's the appetite for a UK listing must be growing, the UK is the 4th most attractive for blockchain developments.

So the time's right for a blockchain std. listing imho, the bigger the deal the better for bloc holders especially if they can retain a decent share of the enlarged entity.

[moneymunch] 03/6/2018 12:41

"Tremondously Exciting", and Bloc's intentions are ahead of the curve, the Blockchain Revolution is underway...and a " Game Changing Deal" from Rodger and Jon......anytime now!!!..... Lock out time fast approaching...Gla Blockheads ;-)



Global financial oversight body, International Monetary Fund (IMF), in its research note had all the praises for Blockchain technology and said Blockchain is a revolutionary technology and will make financial transactions more secured and faster.

[still waiting] 03/6/2018 09:44

Exciting times.

[moneymunch] 03/6/2018 09:27

Cryptocurrency and blockchain businesses are scaling rapidly; so much so, that a cryptocurrency business that started less than a year ago is giving away billions of dollars in funding.

Binance, the world’s largest cryptocurrency exchange by trading volume, announced a $1 billion venture fund for blockchain and cryptocurrency startups on Thursday.

[moneymunch] 03/6/2018 07:56

The following was published 2012, but you get the idea of the benefits and potential multi-bag ( size of deal ) that Bloc's Standard listing offers, there was also an article last week from Canada that states that there is a shortage of decent shell companies without baggage, and i'd be surprised if many have the same heavy weight mover and shaker contacts that Rodger and Jon obviously have. Gla Blockheads, Tick Tock Boom!!! ;-)

The regulatory environment for Standard listed cash shells

Access to the Premium listing segment of the Official List, whereby the issuer is subject to onerous eligibility and continuing obligation requirements and is potentially eligible for inclusion in the FTSE indices, is not possible for a cash shell; there are a number of entry requirements that a shell company simply would not be able to satisfy, which do not apply to Standard listing or to AIM applicants. In particular, a Premium listing applicant is required to have unqualified, consolidated, independently audited accounts covering a three-year period; a revenue earnings record in respect of at least 75 per cent of its business for a three year period; and a history of control over the majority of its assets for at least a three-year period.

AIM cash shells are more heavily regulated than those with a Standard listing. In the last two years, management teams and their financial backers have increasingly been making a virtue of the minimal regulatory requirements applicable to cash shells with a Standard listing while raising very significant amounts of money on IPO. The key factor, as had been made explicit in the listing documents, was that a Standard listed issuer was not required to obtain shareholder approval for the acquisition of a target.

While a Standard listing applicant must prepare a prospectus that is approved by the UKLA, it otherwise benefits from the relaxation of a number of rules that are applicable to Premium listed and/or AIM companies. Currently under the UKLA’s Listing Rules, a Standard listed cash shell is not:

required to appoint a financial adviser or sponsor on IPO or on a continuing basis (an AIM company is required to appoint a “nominated adviser” (or “nomad”) at all times); subject to the “Listing Principles” set out in the UKLA Listing Rules; subject to any minimum fund raising requirement (other than to have a market capitalisation of £700,000 as set out in the UKLA Listing Rules applicable to all Official List companies); required to set out a formal investing policy or to implement it within any particular time frame (it follows that a change in investing policy is not subject to shareholder approval, nor is its ongoing validation in the event of failure to implement it within a stated period); required to seek shareholder approval for significant transactions (including transactions which would be categorised as a reverse takeover or a fundamental disposal of business); subject to the restrictions on share dealing (by the issuer or management); subject to restrictions as to the price and nature of share issuances or buy backs (although a Standard listed issuer must publish a prospectus if it issues, over a 12-month period, further securities that represent 10% or more of the securities of a class already admitted to trading); required to adhere to certain specific ongoing disclosure requirements (other than the general obligation to disclose price-sensitive information); required to seek shareholder or sponsor approval for related party transactions (a nomad must confirm to an AIM listed issuer that such a transaction is fair and reasonable insofar as the shareholders are concerned and certain prescribed details of the transaction must be notified to the market); required to offer new shares for cash on a pre-emptive basis to shareholders (indeed, typically any statutory pre-emption rights are disapplied prior to the IPO in connection with any shares to be issued to finance an acquisition); and required to comply with any corporate governance codes (although certain disclosures as to internal control and risk management procedures must be made in the issuer’s annual report).

In practice, issuers tend to voluntarily commit to certain standards or restrictions in relation to some of the above points, although the UKLA has no power to police compliance with such commitments.

Notable transactions involving Standard listed cash shells

Horizon Acquisition Company plc raised £417.7 million on its IPO and Standard listing in February 2010. Horizon achieved its investment goal by acquiring APR Energy, a Florida-based temporary power provider, in June 2011 for £527 million (£221 million in cash and £306 million in Horizon shares). The group retains its Standard listing.

In June 2010 came the IPO and Standard listing of Nat Rothschild’s Vallar plc, raising £687 million to fund acquisitions in the metals and mining industry. June 2011 saw the acquisition by Vallar of PT Bumi Resources Minerals Tbk, an international mining company, and a reorganisation resulting in the introduction of Bumi plc as the new Premium listed parent company. The acquisition price represented a total consideration of £1.27 billion.

Marwyn Management Partners plc obtained a Standard listing in January 2011, raising a relatively modest £6 million. In August 2011, Marwyn acquired AIM-listed Praesepe plc, a gaming company, having raised approximately £40 million to complete the acquisition. Marwyn’s investment objective is to acquire controlling and non-controlling interests in public and private companies, appointing operational managers with a “buy and build” strategy.

The IPO in February 2011 of Justice Holdings Limited launched by, among others, Nicolas Berggruen, the billionaire backer of hedge fund GLG and Pearl Insurance, raised £900 million. Justice Holdings announced in April 2012 an investment of US$1.4 billion for 29% of Burger King. As part of the transaction, Justice merged with the new Burger King holding company, de-listed from the London Stock Exchange and re-listed on the New York Stock Exchange.

Vallares plc, the second of Nat Rothchild’s vehicles, raised £1.35 billion in June 2011 with a focus on oil and gas assets. In September 2011, Vallares announced the acquisition of Genel Energy International for US$2.1 billion. The enlarged group retains its Standard listing.