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3rd on risers board at present, so for anyone looking in for the 1st time... BLOC is a sub £2m cash shell with more than half of mcap held in cash and seeking "high growth opportunities within the wider technology sector, including the blockchain industry"
The management team have a proven track record: Jon Hale (32Red) and Rodger Sargent have enjoyed considerable previous RTO success:
https://www.independent.co.uk/news/business/analysis-and-features/playing-the-shell-game-can-make-or-cost-you-a-fortune-10483885.html
"The restructuring specialist Rodger Sargent played a major part in the reverse takeover – where a smaller company takes over a larger one. Mr Sargent and the former Leeds United boss Chris Akers, his long-term business partner, are big players in the shell game. Their first and biggest success story was Sports Internet Group, which they sold to Sky in 2000 for £301m, at the height of the dotcom boom."'
This followed an initial investment of around £30k.
Nothing is guaranteed of course when investing in a cash shell, and who knows when or if a deal might be announced, but as the article suggests the rewards can sometimes be spectacular.
Something must be on the way?
I think there will always be pull-backs in any thinly traded (for now) micro-cap. It doesn't take much volume at all to move this either way due to the limited stock available. However given the usual high spread, it's unlikely to attract day traders and I suspect anyone buying in now is doing so in anticipation of an announcement -whenever that may be - but personally I'd rather be in than out before news lands.
Such is the nature of investing in a cash shell... there's no preamble, just an RNS to announce a deal followed by a likely suspension and hopefully the subsequent re-listing will be at a price considerably higher than current levels.
This could start happening within couple of days, or months from now so in the meantime all we can do is speculate. Best of luck, whatever your strategy.
For a change :)
May be a connection, in fact, quite likely. There will be a number of ppl who know more.
Although it doesn't mean that there is (or will ever be) a deal, but it's a catalyst for speculation.
The test now is to see if there is a pullback when the speculative buyer unloads.
Just idle speculation on my part, but following on from my original post regarding High Growth Capital a few weeks ago....
Chris Akers is heavily involved and invested at High Growth Capital currently listed on the Nex Exchange, who have a large stake in Belgium artificial intelligence company, Sentiance, with an option to acquire a majority holding. It's no secret that HGC aspire towards a main market listing and recently appointed broker Whitman Howard, presumably to help them acheive this.
Chris Akers and BLOC CEO Rodger Sargent have enjoyed considerable RTO success together in the past, and have offices in the same building, according to earlier posts in this thread. A deal with HGC would be in keeping with the BLOC company remit "to include high growth opportunities within the wider technology sector, including the blockchain industry."
Might be nothing in this at all, and maybe Im reading to much into this but I noticed that Rodger recently started following Sentiance Chief Innovation Officer, Vincent Spruyt on twitter, and this morning 'liked' Chris Aker's tweet about Sentiance being a top AI company to look out for. Normally he's only interested in horse racing!
Like I said, complete speculation on my behalf and probably borders on the realms of stalking - but I would be absolutely delighted if there was anything more than just a personal interest by RS in the progress of High Growth / Sentiance and would urge anyone to take a look at what they are doing and the people who have recently got on board: https://www.sentiance.com/
High Growth AGM is on Wednesday, where a name change is expected to be approved and hopefully future plans outlined.
These 'Large trades' are very, very tiny in the overall sceme of things.
The odd few million pounds would be just loose change to spread round a few long-shot companies with Blockchain in the name.
Very unlikely any deal in the offing.
This is just the spin-off from speculative activity. A lot of hot money is washing around.
Also, should expect a TR1. Those 2x 800,000 buys minutes apart equal over. Nomad should be on this
Fair point, Birdseye. The name alone will arouse casual interest, especially with crypto on the bounce at the moment as investors look for a speculative punt. But I completely agree with you that the real catalyst for BLOC will be the announcement of a deal. I'm also feeling quite optimistic at the moment, and will update on my guesswork shortly...
Tbh ffsapa this is only blockchain by name still.
Personally think the rising SP over past month is down to a deal being dealt with.
I'm expecting an announcement soon but only on fingers crossed terms and no real evidence on my part.
It all just looks like things I've seen before and a gut feeling.
Blockchain week is currently underway in New York. Certainly sounds encouraging:
https://www.coindesk.com/slowly-but-surely-may-was-a-quietly-big-month-for-blockchain
Looks like the next crytpo bull run has begun with Bitcoin flying this morning. And while blockchain investments will eventually de-couple from digital currencies, any exposure for the underlying technology generated by rising prices certainly won't do any harm. Blockchain stocks seemed to follow the price of bitcoin all the way down, seems only fair that sp's copy the move back up as well!
2017 crypto boom was largely generated by retail. Lets see what happens when the institutions get on board... $7 Trillion backed Fidelity to get in on the action in the next couple of weeks:
https://cointelegraph.com/news/bloomberg-report-fidelity-will-start-institutional-bitcoin-trading-within-weeks
Hello Crypto Curse......
You must be a gooner!!!!
Last time, this went from 3.10p up to 4.75 just before suspension signaling this share is a little leaky, looking very similar over past month its nearly done exactly the same pattern.
Share prices can rise in anticipation of news too, you know A_H. Might be today, might be months from now. Such is the nature of investing in a cash shell. Perhaps it's not for you, and it might be better for your emotional and mental well being if you chose to invest elsewhere.
Glad you're still with us A_H as I was beginning to worry. Another day closer to your exit price, but in the meantime:
https://www.samaritans.org/how-we-can-help/contact-samaritan/
No RNS so blatant P&D
might see a bit of a late rally into close as people get in for any rise tomorrow.....news on this could land anytime with the 2 massive buys of late...GLA
2nd on risers board - and still a long way to go before getting near previous ATH's Another Proactive interview wouldn't go amiss to underpin current momentum, if you're reading JH and RS!!!
A great deal of work went into the proposed Chorum acquisition, but institutional demand was not sufficient to fund the transaction at the time.
Having preserved as much cash as possible, we are now considering other deals in the technology space and are more determined than ever to deliver value for shareholders this year."
news may be in coming
your 20 k is there.
some one got 400 shares, i know ther is some sort of codes out there like 200,400,1
Just picked up another 20k at 4.49p which hasn't appeared yet, so 4.5p ASK might not last for long.
Could be last chance for sub 5p purchases...
No worries birdeye - happy to see the interest coming back too. Have seen a few small caps re-bound spectacularly recently. No reason why BLOC can't be next... and if a deal is announced it would blow the doors off current price... provided of course it's not put in suspension and buyers locked out until re-listing.
Thats the thing with cash shells, there's no pre-amble. You're either in or out when the news lands.
Its not for everyone but the rewards can be spectacular if you look at RS & JH's previous RTO successes.