Skychain Technologies Inc (CE) (SKTCF) News

Showing some life.

Did more DD today. I think Papa likey.

Vancouver, BC, Canada, February 22, 2021 – Skychain Technologies Inc. (TSXV-SCT) announces that the private placement announced January 28, 2021 to issue 1,315,800 common shares at a price of $0.95 per share is withdrawn and replaced by an offering to issue 1,315,800 units at a price of $0.95 per unit to raise $1,250,000. Each unit consists of one common share and one share purchase warrant.


Each share purchase warrant will entitle the holder to purchase an additional common share of the Company at a price of $1.50 per share (the "Exercise Price") for an exercise term of 2 years from the date of issuance.
The funds raised through this financing offering will be used to satisfy the requirements outlined in the news release of January 13, 2021 to meet the criteria to secure debt funding of $3,500,000. The proceeds from the placement and the loan will be used to complete the purchase and upgrade in capacity of the Sherbrook facility in Quebec.

Sauce:
https://skychaintechnologiesinc.com/investors/news-releases/private-placement-and-skychain-update/

Admittedly I'm a noob, but isn't that a bullish sign?
I read a lot of their news today. It seems like they have two facilities getting started, one in Manitoba, one in Quebec. Also allocating resources to cloud gaming. Read some of the news on their site for yourself, it looks legit.

You really can't trust the blurbs on Marketwatch when it comes to OTCs.

Anyway, I think I like this stock. It's totally bizarre; the price is at .1. The ask is at $100. Lmfao.

Idk what's going on but I'm trying to buy more shares when possible.

You read into it at all? Market watch has a little info. Warehouse for crypto miners and founded in 1977......... sounds a bit fishy to me

dayum bro, you dropped 10K? sorry, man. I put $80 in, lol... I will continue to average down as we drop. You might as well chill till we hit .01. Should be fairly cheap to average down then. And it definitely looks like we're headed there XD unless some whale sees this.

Hello, Whale. Could you perhaps give us a bit of a lift someday?

Sincerely,
Krill.

Agree im down 7k out of 10k lmao ill leave it i guess till its gone fml

Most definitely. No telling with these things. I bought in at .8, down 63% in a day, lmfao. Could go sub penny for all I know.

Like the premise here though, don't mind holding to see where we go!

Long term?

Looks like I'm first.

100 shares at .875. Looking forward to some heavy bags :D