Member Info for ffsapa

Is your second name Jesus then Neil? If so I could do with a miracle or two for some of my stocks...

https://cointelegraph.com/news/the-crypto-ipo-race-is-on-from-mining-companies-to-exchanges

Covers some of the issues discussed on here previously.

Another tick up coming. Looks like interest beginning to return...?

The RS interview alluded to a deal being struck by end of 2018 latest. If we were to receive an announcement on Monday it would be ahead of schedule for me, but after several years of investing I tend to look at things in a glass half full type of way. How about you A_H?

Great sector overview of an industry which is predicted to be worth up to $3 TRILLION in the next decade

https://www.barrons.com/articles/blockchain-is-starting-to-show-real-promise-amid-the-hype-1534554901

I would expect volume and price to pick up next week, as investors return from their summertime slumber. As A_H kindly points out, BLOC is trading close to cash value - so very limited downside risk and huge potential with proven management track record, generating £100's of millions in shareholder value. Happy to wait for as long as it takes for a pure play blockchain and or crypto-exchange deal confirmation.

Might even treat myself to a few more this afternoon while it's still quiet...

Hi SL, BTL currently up nearly 20% today - hopefully a return to positivity!

Great research A_H - thanks for sharing!

http://www.businesscloud.co.uk/news/vibe-tickets-hires-ex-groupon-leader-to-grow-london-base?platform=hootsuite

This could be a 'perfect storm' for Argo and VELA. SEC decision on Bitcoin ETF due for the middle of August, which would be a huge catalyst for digital currency and anything crypto related:

https://theicojournal.com/cboe-source-winklevoss-denial-is-irrelevant-and-was-expected-by-us/

"Do you still consider an approval a ‘near certainty’ given today’s news? “Absolutely and without hesitation. It remains the clear expectation here and that hasn’t changed one bit. It would be a major upset were an approval be denied. Again, this is about when not if.”

https://www.trustnodes.com/2018/07/23/gibraltars-stock-exchange-launches-crypto-trading

"Gibraltar’s Stock Exchange has launched a crypto trading platform through its subsidiary the Gibraltar Blockchain Exchange (GBX) which has just gone live and is now open to the public."

"The Gibraltar Stock Exchange (GSX) is a European Union regulated stock exchange, suggesting that any such token sale would pass relevant regulations, with this being the first platform of its kind where token sales and trading is offered in one"

Possible RTO candidate? Jon Hale has strong ties to Gibralta, and RS has previously mentioned the potential of a crypto-exchange deal...

Crypto on the rebound in anticipation of SEC's upcoming decision of bitcoin ETF. Bodes well for BLOC as RS alluded to a potential crypto-exchange deal in the Proactive interview. An announcement timed to coincide with SEC approval would be remarkably fortuitous - fingers crossed!

MF: 15 posts in the last 30 days - all on a stock message board in which you are not invested. Isn't that a bit weird? Just saying, like.

A_H: The company has not deviated one bit in it's 2018 remit to RTO a pure-play blockchain / crypto exchange business. Like others I am happy to hold and accumulate until such a deal as little research reveals they have enjoyed enormous success with previous cash shells. With such limited stock available, the share price will move either way on little volume until news announced, and upon external catalysts such as digital currency rebound or media blockchain interest. If you are still a holder, please take advantage of the next rise which takes us closer to your buy-in price, as your "are we there yet?" posts are beginning to grate, and investing in cash shells is probably not best suited to someone of your wearied disposition.

Looks like bitcoin broke out in the last few hours. I saw earlier in the week that $6 Trillion Blackrock Asset Management have begun investigating exposure to digital currencies. A crypto rebound and ensuing media attention could easily act as an external price catalyst while we wait for RTO news... the announcement of London's 1st pure-play blockchain and / or crypto-exchange listing could quite possibly blow the doors off!

Hadn't seen this one. Couple of months old but reposted on stockhouse message-board earlier today:

https://www.forbes.com/sites/jasonbloomberg/2018/05/17/massive-consensus-conference-succumbs-to-blockchain-echo-chamber/#3caa7984a3d4

BTL specific:

"Perhaps the most interesting vendor in this category at Consensus is BTL, which crafted an entirely new architecture for its Interbit blockchain development platform.

While other blockchain platforms consist of a single, distributed blockchain that leverages multiple nodes writing identical blocks to ever-growing, identical chains, BTL took a step back to rethink the nature of such a node.
The result: blockchain technology at the hypervisor level – the infrastructure technology at the heart of server virtualization. Each server thus has virtual machines (VMs) that are themselves individual blockchains or blockchain nodes.

While each blockchain is thus immutable and may maintain multiple nodes across multiple distributed servers, it is also inherently ephemeral, as are all VMs.

In BTL’s architecture, therefore, a single solution may consist of dozens or hundreds of individual blockchains, spawned perhaps to maintain a single multi-party transaction or even an individual user’s data, depending upon the situation.

BTL’s architecture is like no other I’ve seen, and it is the only one that succinctly deals with the GDPR ‘right to be forgotten’ requirement: to forget a user, simply delete their blockchains."

Nice post DI1980. I think most investors on the messageboard are under no illusion of BLOC's current status and potential:

This is a £3m cash shell with minimal cash burn and nearly half its value held in cash.

Management team has enjoyed considerable previous success, creating hundreds of £millions in shareholder value in the process.

They have a clear mandate to pursue one or more acquisitions within blockchain, and the possibility of a crypto-exchange deal (as alluded to by RS in the proactive interview).

In terms of scale, official announcements suggests that "Any acquisition could now be substantially larger than the original size of deal contemplated when Stapleton floated". RS even used the term "multi-bagger" referring to BLOC when interviewed, and speaks of attaining x 10-20 gains in the RTO article link below.

Regarding timing - who knows? It could be tomorrow, it could be many months away. RS is on record as saying, by the end of this calendar year at the latest. Emails received by posters on this board indicate it could be sooner.

However, one thing is for sure - there will be no official notification prior to a deal confirmation. As an investor it's a binary choice, you are either holding or sitting on the side-lines hoping the price doesn't go up too much in the meantime or waiting for a dip before cashing in another stock and taking the plunge.

For anyone looking in for the first time and unfamiliar with RTO's, I've included an article below which I would urge anyone contemplating a BLOC purchase to take a look at, which will hopefully help explain the advantages, risks & rewards of the process. And yes it is the same RS who sold Sports Internet Group to SKY for £300 million from an initial £25k investment.

Worst case scenario, with cash on hand I risk of losing half my current investment value, IMO. However if management can replicate even a fraction of their previous success then a four digit % gain is not beyond the realms of possibility. Everyone has their own investment strategy, but I'll take that all day long...

https://www.independent.co.uk/news/business/analysis-and-features/playing-the-shell-game-can-make-or-cost-you-a-fortune-10483885.html

GLA

Thanks for posting that article MM! The current developments in blockchain are reminiscent of the internet in it's infancy - first mover advantage with a proven management track record makes BLOC a highly attractive buy for investors seeking to gain exposure to this sector. I'm happy to watch this one unfold as a share holder because once a deal is announced, the stock will be suspended and buying back after the event might be considerably harder than it is now.

As a cash RTO we won't know anything until a deal is announced. This could occur at any time, so you're either in or you're out. Best of luck!!!

Have tagged the above RNS from Nex-listed BLOC to Blockchain Worldwide. Again

Makes another positive start in Canada today + new hire: http://m.mondovisione.com/media-and-resources/news/ey-oil-and-gas-manager-joins-blockchain-technology-firm-btl-group/

https://www.ft.com/content/011cf9b6-69a7-11e8-aee1-39f3459514fd?desktop=true&segmentId=d8d3e364-5197-20eb-17cf-2437841d178a Retweeted by Angus Campbell (BTL London)

Looking forward to seeing how BTL opens this afternoon following Friday's intriguing close. Someone put in a big enough order that it line-wiped everything up to $6.28, before pulling back. It could just be triggered by the end of a downtrend signal from a chart perspective, but I get the feeling that there is something more substantial behind this movement. Commercial adoption of Interbit by one or more entity would certainly justify continued price action, although we'd have to wait for official confirmation before getting our hopes up. Were it one of the corporate majors that BTL worked with in 2017, then surely comfortable double figure $'s are back on score-board...