The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Where do you check for live price as this is not on aim/lse exchange? Cheers
Morning all. Strong opening again.
Is anyone on CBX Telegram?
Give them the heads up?
Excuse my ignorance, once it moves to it's sp price of 0.07 for 30days....what's the next steps from there? Again appreciate the advice people
Perfect, hopefully won't open up too high so I can get innat a tidy price.
Reeves, read the latest RNS, there is a clue in there for the trigger point for funding.....
Block Commodities Limited (BLCC) has recently brought together an impressive Scientific Advisory Team who will be helping the Company to introduce downstream cannabis-based nutraceuticals and wellness products.
BLCC's Farmer 3.0 program is ready to roll out in a small scale pilot once funding is available. The pilot with a farmers’ cooperative in Zambia will initially focus on vegetables as we have not yet received a licence for the cooperative to grow medicinal grade cannabis.
70% option agreement has just been struck in a Medicinal Cannabis licence granted to Magnus Cannabis Group by the government of Zimbabwe.
Payment by BLCC of GBP 1.5m through the issue of 2,142,857,142 fully paid ordinary shares in BLCC upon exercise of the option at a strike price of 0.07p 30 day VWAP (so the shares need to move to this trigger price and hold for 30 days).
Not a massive amount of free float out there and the current mcap is sub £1m.
NB: This is listed on the Access segment of the AQSE exchange so will need a phone call to HL. Some other brokers like Barclays may allow kill/fill trades.
.
Cannabis Licence Acquisition
Block Commodities is pleased to announce that the Company and Century
Cobalt Corporation ("CCOB"), together the "Acquiring Parties", have
entered into an option agreement to acquire a 70% interest (the
"Acquisition") in a Medicinal Cannabis licence granted to Magnus Cannabis
Group (Private) Limited ("Magnus") by the government of Zimbabwe. The
Acquiring Parties will each hold 35%. CCOB is a publicly traded (OTCQB:
CCOB) cobalt exploration and development company headquartered in Los
Angeles, California. The stake in the Magnus licence, will secure supply
of medicinal grade cannabis for the production of Nutraceuticals.
The option is for an exclusivity period of 90 days to complete the
Acquisition. The proposed terms of the Acquisition are as follows:
• Payment of an Option fee of £50,000, to be apportioned equally between
the Acquiring Parties, and
• Payment by BLCC of GBP 1.5m through the issue of 2,142,857,142 fully
paid ordinary shares in BLCC (calculated at 0.07p per share) upon
exercise of the option, and contemporaneously the payment by CCOB of
GBP1.5m of CCOB fully paid ordinary shares price based on a 30day VWAP
(using the US$:GB£ closing middle market exchange rate published by
the Bloomberg on the day immediately prior to completion).
Greenbelt Update
The Company is no longer pursuing the acquisition of Greenbelt Company
Limited, pursuant to an option agreement date 27 March 2019, as the
relevant Cannabis legislation is no longer under consideration by the
Sierra Leone government.
The Directors of the Company accept responsibility for the content of this
announcement.
For further information, please contact:
Block Commodities Limited
Ian Tordoff 1 nc@blockcommodities.com
Aquis Exchange Corporate Adviser:
First Sentinel Corporate Finance Limited +44 7876 888 011
Brian Stockbridge
Gabrielle Cordeiro
--------------------------------------------------------------------------
ISIN: GG00B4QYTJ50
Category Code: ACQ
TIDM: BLCC
LEI Code: 2138001KNTXRAZTFKU51
OAM Categories: 2.2. Inside information
Sequence No.: 95568
EQS News ID: 1175778
End of Announcement EQS News Service
--------------------------------------------------------------------------
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Ref
Been watching this share for a week but haven't pressed the buy button yet, have I missed the boat and does anybody have an idea of the estimated short term and long term sp?
What the hell. I’ve brought a load more :):):)
I bet you are !!
68% increase today following on from yesterday’s 90%. Looking forward to tomorrow.
The one here is 300,000k...
Meant to say that one here on LSE Is around 300 K whereas on h & Lansdowne it is 1.5 million
What exactly is the current market cap – the one Anna see it shows it as being £388.34k Whereas on Hargreaves And Lansdowne it’s more like 1.5 million…
Block Commodities Limited (BLCC) has recently brought together an impressive Scientific Advisory Team who will be helping the Company to introduce downstream cannabis-based nutraceuticals and wellness products.
BLCC's Farmer 3.0 program is ready to roll out in a small scale pilot once funding is available. The pilot with a farmers’ cooperative in Zambia will initially focus on vegetables as we have not yet received a licence for the cooperative to grow medicinal grade cannabis.
70% option agreement has just been struck in a Medicinal Cannabis licence granted to Magnus Cannabis Group by the government of Zimbabwe.
Payment by BLCC of GBP 1.5m through the issue of 2,142,857,142 fully paid ordinary shares in BLCC upon exercise of the option at a strike price of 0.07p 30 day VWAP (so the shares need to move to this trigger price and hold for 30 days).
Not a massive amount of free float out there and the current mcap is sub £1m.
NB: This is listed on the Access segment of the AQSE exchange so will need a phone call to HL. Some other brokers like Barclays may allow kill/fill trades.
Supply and demand and all that...........
Keep hold of your shares. Invest for the long term.
Let’s see how badly the MMs want them!!
:-)
There is no stopping it
£1.5m Market cap at the moment. What are KNB, CBX, MXC???? Tens of millions. So I totally agree it is under the radar!
Not being on AIM has helped us get in early doors. This for me is the bottom. I wonder where the top will be. My first target is 0.007. Looks like we might get there this week!
0.035p now.
@DJG123 We can only try!
Did lse remove it or one of the other board members?
I bought through HL on the telephone.
Well done, plenty to go still
Spin that wheel!!!
Good luck all.
Bagged it. Looks like I'm the only one posting about it too.... Loneliest bag I've done.
Nice to see the 0.3 on the board