BOOM!

Anders9ls1
ELE 03.12.2020 kl 16:38 29083

Element to acquire Harmonychain AS for commercialization of blockchain microchip mining system

Highlights ‱ Element ASA (Element) enters into a Letter of Intent (LOI) to acquire ("the Acquisition") Harmonychain AS (Harmonychain), the developer of a disruptive and commercialization ready Scrypt microchip for blockchain mining computers ‱ Subsidiaries of Harmonoychain has secured pre-production LOIs for over 40.000 mining units, representing potential revenues of USD 80 to 100 million. ‱ Consideration to be paid for 100% of Harmonychain is 51 million Element shares and 10 million warrants (Oslo, 3 November 2020) Element ASA (OSE: ELE) has entered into a Letter of Intent to acquire Harmonychain for the commercialization of the Scrypt microchip mining system, designed to increase blockchain mining microchip efficiency more than 300 percent. “Harmonychain has recently acquired Lokotech AS, which has developed a disruptive and commercialization-ready microchip that is setting a new standard in the scrypt mining market. The microchip is theoretically proven to be up to three times more efficient than current chips, and reducing computer energy consumption by up 70 percent. The company has secured strong pre-production interest for the initial complete blockchain mining systems., which will be manufactured by Samsung and Keytouch, providing operational leverage and short runway to profitability and expansion, “ says Thomas Christensen, Chairman of the Board of Directors of Element. Lokotech, a company 100% owned by Harmonychain, is headed by CEO Ola Stene-Johansen and the technology team is led by Chief Technology Officer Christian Rustad. The Board of Directors of Harmonychain consists of Bjþrn Zachrisson, professor Thore Johnsen, Tore Sviland, Christian Rustad and Ben Miklozek ”Blockchain mining consumes a lot of energy and our Scrypt system is designed to outperform all current products on the market. The Scrypt microchip is poised to be the most profitable blockchain hardware with an addressable market of over nine million units. We expect to reach profitability within twelve-months after product launch in 2021, based on our current pre-commitments from customers, “ says Bjþrn Zachrisson, Chairman of the Board of Directors of Harmonychain. The market for cryptocurrency mining hardware is estimated to USD 6.8 billion in 2020 with a compounded annual growth of 7.4 percent until 2024, following Technavia’s market analysis*. Harmonychain subsidiary Lokotech has secured pre-production LOIs for 40.000 mining units for the scrypt market, representing potential revenues of USD 80 to 100 million. The Scrypt ASIC is planned to enter production in the first half of 2021 with partners Samsung and Keytouch, in addition to the core technology being verified by Inventas. Based on a successful market breakthrough of the Scrypt microchip, we will leverage our market position to address the significantly larger bitcoin mining market with the SHA-256 microchip after complete design, efficiency analysis and simulation completion,” Zachrisson concludes. Assuming all shares in Harmonychain is acquired by Element pursuant to the terms of the LoI, such shares will be acquired in exchange for (i) 51,000,000 new consideration shares and (ii) 10,000,000 warrants both to be issued by Element to the sellers of Harmonychain. Upon completion of the Acquisition, the Harmonychain Group will not have any external interest bearing debt. The Warrants will have a strike price of NOK 10,0 per Warrant and are subject to fulfilment of the following milestones: (i) 5 million Warrants may be exercised when manufacturing has commenced by Harmonychain, (ii) 5 million Warrants may be exercised when Harmonychain has received payment from the first customer, but not in any event after 31.12.2022. Signing of a legal binding share exchange agreement ("SEA") is conditional upon, among other things, (i) completion of a due diligence of Harmonychain with outcome to the satisfaction of Element, (ii) successful negotiation and signing of the SEA, and (iii) approval of the SEA by the Harmonychain Shareholders representing at least 95% of the Harmonychain shares and the Board of Directors of Element. Completion of the SEA will be subject to certain terms and conditions, including, but not limited to, (i) approval of the Acquisition, including the issuance of the consideration shares and warrants to be issued to the sellers by an extraordinary general meeting in Element, (ii) and Element receiving applications for minimum 8,750,000 new shares in Element, raising gross proceeds of minimum NOK 35 million ("Offering"). The LoI further states that Element shall carry out a dividend in kind to its shareholders following the Acquisition and the Offering of all or some of its securities and/or rights related to its investments in the digital and block-chain sector. The LoI further provides certain other customary terms and conditions including, exclusivity undertaking on Element and Harmonychain until 31 December, the SEA shall include customary terms and conditions, including conditions to closing, pre- and post-closing covenants and representations and warranties, and that 95% of the Consideration Shares held by the executives of Harmonychain and Økonomringen AS shall be subject to lock up undertaking (1/3 of such shares will be released after 6 months, 1/3 will released after 9 months and the last 1/3 after 12 months after closing. Procorp AS is acting as financial advisor to the Company in connection with the transaction. Advokatfirmaet CLP DA is acting as legal advisor to the Company in connection with the transaction. The parties expect to enter into the SEA in December 2020.


Redigert 21.01.2021 kl 09:34 Du mÄ logge inn for Ä svare
Inord
07.12.2020 kl 16:47 5557

Eller noen vet om mer nyheter, som ved rally like fĂžr melding i forrige uke?
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
Slettet bruker
07.12.2020 kl 17:21 5439

Krypto kam gÄ til 20 til 30kr innen jul.

Krypto kan gÄ mange gange.

Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
Utbyttet 2020
07.12.2020 kl 17:23 5426

Er det noen som kan svare pÄ hva dette selskapet skal tjene penger pÄ/ produsere/ selge? (Element er et nytt bekjentskap for meg, men jeg vurderer inngang). PÄ forhÄnd takk..
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
nopetter
07.12.2020 kl 17:24 5424

Vi fÄr se om det ikke dukker opp en bÞrsmelding. BO hadde tilgode en warrant ordre pÄ kr 8. Se ikke bort fra at dem har shortet denne noe de har gjort alle de andre gangene.
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
Utbyttet 2020
07.12.2020 kl 17:51 5295

Hei MĂžyfrid! Takk for link.. Dette virker spennende. Lav selskapsverdi forelĂžpig..
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
Slettet bruker
07.12.2020 kl 18:03 5247

En skandale at ele er under 50 kr
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
Slettet bruker
07.12.2020 kl 18:48 5121

Deler din oppfatning. Man mÄ huske pÄ at 80 kroner pr aksje tilsvarer kun 4 kroner etter gammel kurs.
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
MĂžyfrid
07.12.2020 kl 18:53 5110

Tja, man mÄ vel strengt tatt ta noe hÞyde for antall aksjer i selskapet, men for fÞrste gang pÄ lenge er det lov Ä vÊre optimist for dette brevet.
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
Slettet bruker
07.12.2020 kl 20:04 4925

Christensen forklarer at Element regner med Ä ferdigstille en chip for bitcoin-algoritmen SHA-256 i lÞpet av neste Är. Den fÞrste chippen som blir ferdigstilt, bruker algoritmen til kryptovalutaen litecoin, som ligner pÄ bitcoin rent teknisk. Begge valutaene stÞttes nÄ av betalingstjenesteselskapet Paypal.konge
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
Anders9ls1
07.12.2020 kl 21:27 4780

https://finansavisen.no/nyheter/finans/2020/12/07/7595652/arcane-crypto-prises-til-nesten-1-3-milliarder-kroner-og-gar-snart-pa-bors

Papirutgaven imorgen. Her kommer det til Ă„ strĂžmme til fremover. For en tid!
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
Slettet bruker
07.12.2020 kl 21:41 4729

Hva gjĂžr chippen? Suger batteri eller motsatt?
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
Slettet bruker
07.12.2020 kl 21:43 4715

Flott artikkel pÄ forsiden av FA i morgen: «Traff blink i krypto». Element nevnes hvor flere profilerte investorer nylig deltok i emisjonen.
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
Slettet bruker
07.12.2020 kl 22:20 4580

Konge, gleder meg til en krypto tid.

Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
Slettet bruker
08.12.2020 kl 06:57 4344

Åpner i dag pĂ„? 9 til 10kr
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
Gullhaugen
09.12.2020 kl 20:49 3962

Hvor skal denne nÄ?? Opp eller ned? Var bunn 6.50 i dag?
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
Rule
09.12.2020 kl 22:06 3890

Pump and dump. Der er garanteret sat shorts pÄ toppen/pÄ vej op og nu skal alle der hoppede ind blÞde....se at komme ud...
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
Gullhaugen
09.12.2020 kl 22:40 3831

Flott da fÞlger jeg short og fÄr en enda bedre inngang.
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
MĂžyfrid
09.12.2020 kl 22:45 3825

Nei, det ser dessverre ikke slik ut.

Muski gevinstsikring, utÄlmodige og ikke minst slitne aksjonÊrer? Sandsynligvis.

https://ssr.finanstilsynet.no/Home/Details/NO0003055808
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
Slettet bruker
17.12.2020 kl 12:25 3426

All innđŸŸđŸŸđŸŸđŸš€đŸš€đŸš€
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
Slettet bruker
17.12.2020 kl 22:08 3289

🚀🚀🚀ta plass.

Krypto all in.

12mnd hva er kursen da ? đŸŸđŸŸđŸ”„đŸ”„
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
Inord
18.12.2020 kl 11:56 3073

Jeg regner med at i neste uke meldes endelig avtale mellom Harmonychain og Ele
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
hrabiadraqul
18.12.2020 kl 12:00 3066

hvorfor i neste uke?
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
Inord
18.12.2020 kl 12:28 3030

StÄr egentlig i bÞrsmelding.

Kan ogsÄ meldes i dag eller helga, men lite trolig at de venter til de siste to dagene 29-31 desember
Ekslusivitet ut desember, dvs ikke forhandle med andre

FĂžrste og siste setning,



The LoI further provides certain other customary terms and conditions including, exclusivity undertaking on Element and Harmonychain until 31 December, the SEA shall include customary terms and conditions, including conditions to closing, pre- and post-closing covenants and representations and warranties, and that 95% of the Consideration Shares held by the executives of Harmonychain and Økonomringen AS shall be subject to lock up undertaking (1/3 of such shares will be released after 6 months, 1/3 will released after 9 months and the last 1/3 after 12 months after closing.

Procorp AS is acting as financial advisor to the Company in connection with the transaction.
Advokatfirmaet CLP DA is acting as legal advisor to the Company in connection with the transaction.
The parties expect to enter into the SEA in December 2020.
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
MĂžyfrid
18.12.2020 kl 13:13 2975

Men, sier ikke du at man ikke kan forvente om noe utvidet her fĂžr etter 31.12?
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
Inord
18.12.2020 kl 13:35 2940

Vet ikke helt hva du sikter til?

Jeg har nevnt at hvis de ikke sier noe fÞr avtalen er pÄ plass, sÄ rekker de ikke sÄ mye mer fÞr nyttÄr.
Men da har jeg snakket om det som Palcapital har holdt pÄ med, at det meldes kanskje ikke fÞr etter avtalen er pÄ plass.
Er jo ikke mye tid igjen i desember.
Og ekslusivitet til 31 des gjelder begge veier.

Redigert: kanskje en bisetning i avtalen om at de andre investeringene skilles ut i et av datterselskapene,
Og sÄ spÞrs det om det nevnes mer om det i selve avtalen.
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
MĂžyfrid
18.12.2020 kl 14:21 2907

Ok, jeg trodde du utskillelsen som et eget case.
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
Inord
18.12.2020 kl 14:33 2896

NÄ eksisterer ennÄ Palcapital Ventures i Delaware registeret.
Og Element meldte i vÄr at Horizon investeringen skulle overfÞres dit etterhvert.
SĂ„ det meste er vel skilt ut i datterselskap, av eksisterende investeringer.
SĂ„ det blir interessant Ă„ se hva de egentlig tenker videre der.
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
MĂžyfrid
18.12.2020 kl 14:47 2875

Interessant...?

Jammen er du vag i sprÄket, gutt. Andre fÄr knapt sove om natta.

Nei, jeg har vel sagt det fÞr, jeg har vÊrt rimelig skeptisk til denne Haft, men en lapskaus av noe DLT greier pÄ Merkur, med Yeomans, Hobbiten og hele hurven.

Det blir sÄ langt forbi interessant det er mulig Ä komme :-)
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
Inord
18.12.2020 kl 18:10 2775

Superinteressant det Haft sier i begynnelsen av DLT Friday.

Han snakker om den ene paneldeltakeren, som har jobbet med tokenisering av assets,
Og som har hjulpet Haft med det han har jobbet med, tokenisering av et fond.

Han sier noe pĂ„ slutten, VELDIG BRA. JEG SKRIVER AV NÅ!

Hvis dere sÄ den linken jeg la inn, om fondet Bitwise, der Haft linket til Palcapital, sÄ baserer det seg pÄ at fondet har ticker BITW, og handles pÄ noe som ligner Merkur Market.
Ref:
The Shares of any Fund are not registered under the Securities Act of 1933 (the “Securities Act”), the Securities Exchange Act of 1934 (the “Securities Exchange Act”), the Investment Company Act of 1940 (the “Investment Company Act”), or any state securities commission or other regulatory body. The Shares are publicly quoted on OTCQX¼ under the Alternative Reporting Standards

Og de har funnet en modell for oppdatering av fondet, der token / kryptovaluta som fondet har investert i, "takseres" med jevne mellomrom, slik at fondets verdi hele tiden gjenspeiler samlet verdi pÄ kryptovaluta de har investert i.
Men aksjeverdien styres mer av forventninger, akkurat som pÄ Oslo bÞrs.

https://www.bitwiseinvestments.com/funds/Bitwise-10

Dette er Bitwise sin modell.
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
innregistrert
19.12.2020 kl 12:59 2614

Wow!!đŸ•șđŸ•șđŸ»
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare
Slettet bruker
19.12.2020 kl 19:58 2516

Krypto kommer 🚀🚀🚀🚀for en graf.
Redigert 21.01.2021 kl 08:05 Du mÄ logge inn for Ä svare