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IPO, DMGI BLOCKCHAIN SOLUTIONS, TSXV 46 MILLION SHARESVancouver cryptocurrency mining company DMG Blockchain Solutions Inc. has raised new capital with the recent announcement of a completion of a $28 million funding round. The financing will help DMG establish its bitcoin mining and mining-as-a-service operations within the newly emergent field of blockchain tech. Led by investment dealers Canaccord Genuity Corp. and Paradigm Capital, the funding includes the sale of 35 million subscription receipts at the price of $0.80 each for aggregate proceeds of $28 million. The closing was announced by shell company Aim Explorations Ltd. (TSX-V:AXN.H), which in September 2017 issued a letter of intent for a qualifying transaction to acquire all of DMG’s shares. Aim Explorations said in September that interest in DMG caused an amendment to an early financing round, which was upped from $3 million to $4.2 million based on “significant demand.” AIM is led by Geoff Balderson who also serves as director for a number of mining companies including Canadian International Minerals Inc., Argentum Silver Corp. and Goldeneye Resources Corp. DMG had earlier this month announced the launch of its new mining-as-a-service platform, which is aimed at Japanese retail investors in cryptocurrencies. The company says it’s set to purchase $3 million worth of hardware related to its network of cryptocurrency investors in Japan, which has emerged as a driving force in digital currency trading. “By enabling our customers to mine their own bitcoin in a clear and transparent manner, I believe we have the right offering at the right time,” said DMG CEO Dan Reitzik in a press release. “The Japanese demand remains strong and we plan to address the broader global market in short order.” Incorporated on September 7, 2016, DMG dubs itself a “full service blockchain and cryptocurrency company,” offering cryptocurrency wallets and software for global digital currency conversions and transactions, as well as a developer of payment and Internet of Things platforms based on blockchain’s distributed ledger technology. “DMG believes its smart contract-based blockchain technology can be used to monetize the Internet of Things (IoT), enabling intelligent Internet-connected autonomous devices to securely transmit and transact with low transaction fees for services executed by the network,” writes the company in a statement. The crypto-mining field is getting more crowded as companies push to take advantage of investor interest in currency mining, itself boosted by the meteoric rise this past year in the price of cryptocurrencies like Bitcoin and Ethereum’s Ether currency. One DMG director is Sheldon Bennett, who for three years led the Canadian arm of cryptocurrency mining giant BitFury. Recently, BitFury announced a partnership with new mining company Hut 8, a Vancouver currency miner which was given exclusive rights to own and operate BitFury’s data centres across North America, taking control of 22 of BitFury’s operations which altogether consume 24.2 MW of computing power. Earlier this month, Hut 8 announced it had raised $38 million in institutional capital in a private placement. Disclosure: DMG Blockchain is a sponsor of Cantech Letter DECEMBER 30, 2017 BY JAYSON MACLEAN
TSXV:DMGILong
by alipipefitter
Bitcoin Big Crash Coming When Korea Shuts Down ExchangesThis market is filled with unsophisticated traders, with people who are way over leveraged. When this thing starts to really tank, people are going to start looking at their life savings and panic. Too many coins now. Before we only had ether and litecoin, now we have thousands. People will start to worry that bitcoin is just a prototype and lose faith the lower it goes. The pull back will eventually stop, flat line, then take off again for another run
COINBASE:BTCUSDLong
by alipipefitter
8
!!!SHORT!!! ((AIRHORN)) !!ALL IN!! That's right, ALL IN $$THCTSHORT THE OPEN THC THERAPEUTICS, INC. (formerly Harmonic Energy, Inc.) FINANCIAL STATEMENTS OCTOBER 31, 2017 "Going Concern – The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred cumulative net losses of $18,482,959 since its inception and requires capital for its contemplated operational and marketing activities to take place. The Company’s ability to raise additional capital through the future issuances of common stock is unknown. The obtainment of additional financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. The ability to successfully resolve these factors raise substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements of the Company do not include any adjustments that may result from the outcome of these aforementioned uncertainties "There are $10,344 and $187 in cash and cash equivalents as of October 31, 2017, and July 31, 2017, respectively". "The Company’s policy regarding advertising is to expense advertising when incurred. The Company incurred advertising expenses of $1,153 and $0 during the three months ended of October 31, 2017 and 2016, respective" DEFINITELY A 100 MILLION DOLLAR COMPANY!!!! LMFAO Fixed assets consist of the following as of October 31, 2017, and July 31, 2017: October 31, 2017 July 31, 2017 Float Spa and associated equipment $ 60,000 $ 60,000 Less: accumulated depreciation (5,639) (2,623) Fixed assets, net $ 54,361 $ 57,377 BUT WAIT, ITS WHAT'S ON THE INSIDE THAT COUNTS!!! Intangible assets??? consist of the following as of October 31, 2017, and July 31, 2017: October 31, 2017 July 31, 2017 Float Spa Client List $ 70,000 $ 70,000 Patents and patents pending 4,000,000 4,000,000 Trademarks 75,000 75,000 Website and domain names 25,000 25,000 Less: accumulated depreciation (225,647) (150,237) Intangible assets, net $ 3,944,353 $ 4,019,763 -Common stock; $0.001 par value; 500,000,000 shares authorized; -118,785,391 and 118,778,391 shares issued and outstanding!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! as of October 31, 2017 and July 31, 2017, respectively -Preferred stock; $0.001 par value; 10,000,000 shares authorized; 2,165,000 and 2,165,000 series A and B shares issued and outstanding as of October 31, 2017 and July 31, 2017, respectively CONVERTIBLE AT 1.00 PER SHARE!!!!!!!!!!!!! EXERCISIBLE FROM TIME TO TIME WITH NO MANDATORY HOLD PERIOD!!!!!!!
OTC:THCTShort
by alipipefitter
14