$DATI Bullet Blockchain LTD. ("Bullet" or the "Com
Post# of 98052
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Posted On: 08/16/2021 9:42:50 AM
$DATI Bullet Blockchain LTD. ("Bullet" or the "Company" , a turnkey crypto mining operation focused on efficiency, stability, transparency and scalability, announced today, that the Company has completed its reverse merger to enter the U.S. public marketplace.
While Bullet's management is excited to provide particular details regarding the reverse merger, it plans to do so on Monday, August 16th, 2021. This should give the public entity that the Company has merged with, the time needed to complete the necessary filings to formally codify the merger with the Nevada Secretary of State.
Merger documents have been executed between Bullet and an alternative reporting, OTC Markets, pink sheet company (incorporated in the State of Nevada) that is not yet current with its filings. However, management anticipates that they will be able to bring the public entity current with its filings in fairly short order; particularly because, the Public Accelerator-Incubator, Digital Asset Monetary Network, Inc. ('DigitalAMN'), had previously began assisting the target Company with this endeavor. One other important item to note, is that much care and attention is being given to how the public entity will ultimately be restructured. While it may often be customary to reorganize the capitalization table (i.e. reverse stock splits, increase to authorized shares, etc.), management is committed to protecting existing shareholders, during and after any restructuring that might occur.
This is particularly true as Management's intent is to continuously build shareholder confidence through operating a successful business and delivering on the Company's long-term value proposition. And of course this begun with the Company having already met expectations - taking possession of 3,500 ASIC Miners to solidify its initial bitcoin mining operations on time. Management believes this has allowed Bullet Blockchain to responsibly enter the U.S. public marketplace with its bitcoin miners fully operational.
For more information, please visit https://bulletblockchain.com/.
While Bullet's management is excited to provide particular details regarding the reverse merger, it plans to do so on Monday, August 16th, 2021. This should give the public entity that the Company has merged with, the time needed to complete the necessary filings to formally codify the merger with the Nevada Secretary of State.
Merger documents have been executed between Bullet and an alternative reporting, OTC Markets, pink sheet company (incorporated in the State of Nevada) that is not yet current with its filings. However, management anticipates that they will be able to bring the public entity current with its filings in fairly short order; particularly because, the Public Accelerator-Incubator, Digital Asset Monetary Network, Inc. ('DigitalAMN'), had previously began assisting the target Company with this endeavor. One other important item to note, is that much care and attention is being given to how the public entity will ultimately be restructured. While it may often be customary to reorganize the capitalization table (i.e. reverse stock splits, increase to authorized shares, etc.), management is committed to protecting existing shareholders, during and after any restructuring that might occur.
This is particularly true as Management's intent is to continuously build shareholder confidence through operating a successful business and delivering on the Company's long-term value proposition. And of course this begun with the Company having already met expectations - taking possession of 3,500 ASIC Miners to solidify its initial bitcoin mining operations on time. Management believes this has allowed Bullet Blockchain to responsibly enter the U.S. public marketplace with its bitcoin miners fully operational.
For more information, please visit https://bulletblockchain.com/.
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