yamasushi
3 years ago
Soul- Looks like Global care is having their Annual General and Special meeting tomorrow:
"Shareholders who intend to attend the Meeting via teleconference must submit votes by Proxy ahead of
the proxy deadline of 10:00 a.m. (Vancouver Time) on Wednesday, October 13, 2021."
And yes it seems "ITEM 5 β APPROVAL OF CHANGE OF BUSINESS", will be a big part of their agenda.
"Following a thorough evaluation of the Companyβs existing resources and a review of its strategic options,
the Company has made the decision to refocus its business operations to the area of cryptocurrency from
its current business as an investment issuer (the βChange of Businessβ) and will focus primarily on
operating the business of companies operating in such business."
You are correct there are only 3 of of 10 that will remain as assets and the other 7 will be sold over time.
1- CCM Technologies Inc.- ACTIVE
2- ASIC Power Company - ACTIVE
3- Metaverse Capital Corp. - DORMANT
-If they are keeping Metaverse it makes sense there is VALUE there and perhaps they plan on a RM of some sort, or are attempting to find managers to start running it once again.
The drama CONTINUES!
SoulTsunami
3 years ago
A little luck from a ceo post I noticed awhile back https://ceo.ca/fork?2927fffcc4cd, and some due diligence done recently. The weird trading this year, the now apparent acquisition, and the other aspects of DD regarding hlth make this a very interesting story indeed. If I am not mistaken, hlth is selling off all their non blockchain businesses over time. Leaving only 3 companies, for now. Metaverse is one. The people involved with these other two companies are well established in the industry. Definitely worthy of some dd. You sure dont see this kinda thing every day
yamasushi
3 years ago
After reading a bit more of the Sedar filing I find something interesting.
On pages 21/22/23 it lists all of Global Care's Material Assets and Investments, there are 10. Some are marked Active, some Dormant(Metaverse listed as Dormant).
Bottom of pg 23 says: Particulars of Acquistions: of the 10 listed all but 2 give a "Description of Investment", Metaverse so far is NOT listed yet.
The last hope I have here is that they are still working out legal paperwork, and compliance, before giving a description.
Note: Many of these assets show asset swaps, common share exchanges, cash paid etc.
I guess we have more waiting to do. Lol!
SoulTsunami
3 years ago
The 6 houses that have participated in this "off market Metaverse" since January: Citadel LLC, Canaccord Genuity LLC, GTS Securities LLC, StoneX Financial INC, Paulson Investment Company LLC, National Financial Services LLC. 154,198,992 shares have traded as of July 30th. https://otce.finra.org/otce/marketStatistics/monthlyShareVolume
My questions are: if there is something legitimate going on, who or what tipped them off? Is it even legal for such communication to take place if they were not already majority share holders? Or is this some musical chairs shell game where big money is creating this illusion just to dump their worthless shares on some fresh bag holders? Aside from the method I posted in February, no Canadian can buy or sell this at all, on any exchange. How many old FORK shares are frozen in limbo north of the border? Can people in the US legitimately buy and sell this on their usual exchange of choice or are only some allowing GBCHF to trade on their platform? Can this really be a sign of a buyout or rto?
It's a strange way to launch a business, letting some of your shares trade in the otc wild wild west while the rest are completely locked out of the market(world wide). Do not get me wrong, I really want this to work out, but at this point and despite the price, I am skeptical AF. Our entire financial ecosystem is a pyramid scheme and there is no end to the creativity of the puppet masters. Hopefully this turns into a win for the under dog though. Cheers everyone