$HLTH Due Dilligence -
$HLTH - has the same team and playbook as $DEFI (formerly $RM), and will use the same promo mechanisms as ACDC MOVE SHRM AMMP, which all ran 5-10X+ with sizeable floats, most being over 300M.. The founder of DEFI and Co-Founder of ASIC Power (Wouter Witvoet) and HIVE (Olivier Francois Newton) own a combined 64m+, approx 20% of the 338m non fully diluted float. This does not include any shares they may have purchased on the open market. They are leading the way here and current CEO Alex Somjin is moving to ORIG (origin therapeutics) soon.
Name change, Change of Business, transition to single purpose entity, and uplisting to NEO exchange expected within 30-60 days as stated by CEO last Friday.
From recent NR - "Following a thorough evaluation of the Company’s existing resources and a review of its strategic options, the Company has made the decision to refocus its business operations to the area of cryptocurrency from its current business as an investment issuer (the “Change of Business”) and will focus primarily on operating the business of companies operating in such business."
Global Care Capital ($HLTH) owns 10 assets, but they are selling off 7 and keeping the 3 assets related to Crypto/Blockchain:
1- CCM Technologies Inc.- ACTIVE
2- ASIC Power Company - ACTIVE
3- Metaverse Capital Corp. - DORMANT
Wouter Witvoet, Co-Founder of DeFi technologies, SecFi and ASIC Power, took 8M shares, INSTEAD OF CASH, at 7.5c for a $500k loan agreement with CCM Technologies - https://webfiles.thecse.com/Global_Care_-_CSE_Form_9_-_Notice_of_Issuance_of_Securities_-_conversio.pdf?djSOq90JJQ.Yt2Rulk0mTeu9mMMrEJtz=
You can get shares for cheaper than he did right now.. To add to this, serious players got shares at 11c: https://webfiles.thecse.com/Global_Care_-_signed_amended_CSE_Form_9_-_Notice_of_Issuance_of_Securiti.pdf
Wouter Witvoet was also issued 7,925,250 shares at $0.11.
Daniel Novak, Co-founder of ASIC Power and SP at Schindler, was issued 1,500,001 shares at $0.11
Oliver Francois Roussy Newton, Founder of HIVE & DEFI technologies and advisor at the worlds largest crypto mining company, was issued 7,925,250 shares at a deemed value of $0.11 - https://cdn-ceo-ca.s3.amazonaws.com/1ghuf0u-oliver%20newton.PNG
Stan Bharti, Founder and Executive Chairman of Forbes & Manhattan Inc., was issued 5,000,000 shares at a deemed value of $0.11 - https://cdn-ceo-ca.s3.amazonaws.com/1ghuetj-stan%20bharti
Julian Bharti (son of Stan Bharti), was issued 8,850,500 shares at a deemed value of $0.11 - https://cdn-ceo-ca.s3.amazonaws.com/1ghueui-julian%20bharti.PNG
$HLTH has $122M in deferred tax assets, this is one of the main reasons Wouter Witvoet and Olivier Francois Newton chose this shell.
Let's take a closer look at ASIC Power Corp.'s business model:
Put simply, the company offers streaming contracts to miner/mining farms that finance new acquisitions of ASIC miner equipment.
As part of the financing, ASIC Power Corp. will receive a contractually agreed percentage share of mined crypto currencies such as .B Bitcoin. Typically, the royalty streaming contracts are designed in such a way that the risk is reduced downwards in the event of price declines, but participation in price increases is given.
Depending on the company's strategy, ASIC Power can sell the cryptocurrencies generated in this way directly in the market and refinance new streaming contracts with the revenues. Or the company keeps the Bitcoins in the investment portfolio and can benefit from future price en-times to the maximum within the framework of a HODL strategy.
Experience has shown that the streaming & royalty business is very profitable: returns between 10-30% are the rule rather than the exception. And that with short repayment periods of 2 to 4 years. So far, crypto miners have often had a financing problem, as traditional banks usually do not finance mining equipment for business policy reasons.
This listed company is now becoming one of the few financing providers. And you as a shareholder can benefit from the expected dynamic growth.
ASIC Power Corporation is led by a first-class management with the best network contacts to venture capital backers and Silicon Valley! For example, one of the co-founders of ASIC Power is Wouter Witvoet (co-founder of DeFi Technologies). The management also includes Olivier Roussy Newton (ex founder of HIVE Blockchain)!
Close contacts to manufacturers of mining equipment (ASIC Miners) pay off at face value! ASIC Power Corp. was even able to buy the 208 crypto miners from the first contract about 70% cheaper than usual on the market!
Thus, ASIC Power will continue to be a first port of call for new projects or crypto farm expansions, which will of course have a very positive effect on future earnings growth.
Explosive side note: At the end of May 2021, China announced stricter regulation of crypto mining companies with a possible ban on business activities. We expect the majority of the devices to be used in North America and Scandinavia. Thus, the demand for innovative financing, such as that offered by ASIC Power, is likely to increase enormously.
ASIC Power website/socials: www.Asicpower.com https://twitter.com/asicpower
CCM Technologies - is a cryptocurrency mining company with state-of-the-art ASIC chips. CCM will be hosting the miners with Compute North, an industry leader in digital infrastructure and blockchain hosting services in the United States.
CCM acquisition terms - In consideration for the Transaction, and on closing thereof, Global Care issued an aggregate of 94,170,001 common shares of Global Care (the “Consideration Shares”) to CCM shareholders at a deemed price of $0.11 per Consideration Share and issued to CCM warrantholders an aggregate of 65,000,000 common share purchase warrants (the “Consideration Warrants”)
CCM Bitmain miners/hash rate - "The 975 miners are composed of 195 Whatsminer M30S and 780 latest generation Antminer S19J Pro. The miners produce either 93 or 105 TH/s (Terahash per second) dependent on the model, adding a total of 100 PH/s (Petahash per second) to the Company’s hash rate with customized software." https://www.globenewswire.com/fr/news-release/2021/06/03/2240955/0/en/Global-Care-Capital-Announces-Closing-of-Acquisition-of-CCM-Technologies-Inc.html
To put this in perspective, HIVE currently has a total bitcoin operating hash rate of 925 Petahash per second (PH/s). https://www.hiveblockchain.com/news/hive-reaches-200-million-annual-run-rate-and-purchases-4000-next-generation-miners/
CCM equipment installation timeline via Global Care - "Installation of the S19J Pro is anticipated to begin in August in increments of 65 units per month until Q2 2022. The 195 Whatsminer M30S are anticipated to be installed in October 2021."
CCM deposits on mining equipment - On April 20, 2021, the Company, through its subsidiary, entered into an agreement with Compute North for computer equipment (bitmain miners) totaling US$6,959,755 ($8,715,701). Of the total required deposit payments to date, US$3,012,818 has been paid, and the balance of US$3,946,937 is included in accounts payable and accrued liabilities. The Company is committed to paying US$108,362 over the next eleven months.
CCM CEO - Lawrence Cofield is a veteran of the IT industry. Last year he concluded a 2-year contract with TAAL as a Global Account Manager, overseeing 280,000 ASIC miners, and managing several projects worth a combined $80M CAD. TAAL is a blockchain infrastructure company focused on BitcoinSV. Craig Wright sits on the advisory board.
CCM website/socials - https://www.ccm-technologies.com/ https://twitter.com/ccmtechnologies?lang=en
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