The penny stock of Blox Inc. (BLXX) officially landed itself smack dab in the center of the clean energy sector by finally closing their deal with International Eco Endeavors Corp. yesterday. Filing an 8K with all of the details, the company now owns and operates a 1.14 MW biogas plant, a pilot project to demonstrate the potential for similar use of renewable energy in a variety of regions and climates, located just outside of Budapest, Hungary. Within the filing consists details of a $1,000,000 non-brokered private placement for 20,000,000 shares of BLXX stock which, as soon as it resumes trading, will undeniably be a ticker hotter than the electricity they sell to the Hungarian Government.
Our Next Pick Is Coming Soon!
Click HERE To Make Sure You Don’t Miss Any Of Our Hot Penny Stock Alerts!
BLXX Stock Quote
Market Cap: 15.24M
Issued and Outstanding: 101,572,464
Directors and Officers: 25,233,250
Nicholas Taylor: 69,137,815
Looking for the Best Penny Stocks to Buy?
Click HERE To Receive FREE Penny Stock Alerts
The deal which had been on the table for Blox for nearly 9 months values the acquisition of Eco Endeavors at $3,000,000 – 60,000,000 shares of BLXX @ $0.05 each. Eco Endeavors reported, for the 9 months ended December 31, 2013, revenues from the sale of their biogas to MAVIR or Magyar Villamosenergia-Ipari Átviteli Rendszerirányító Zr of $Cdn 707,420 versus $Cdn 764,160 for the same 9 month period the year prior.
Net loss for the 9 month ended period calculated out to $Cdn 1,007,443 which Eco Endeavors attributed to cost of goods comprising 148% of revenues for the 9 month ended period primarily due to poor weather conditions which created a lack of supply of sorghum and corn husks – key inputs for their biogas plant. The good part is that it’s a working model and with a Russian invasion of the Ukraine imminent, the price of energy sold to MAVIR could see some exponential spikes.
Blox still has another deal on the table, the acquisition of Quivira Gold Ltd., which the Company anticipates closing in the coming quarter. That deal is virtually done since Waratah Investments Limited holds 100% of the issued and outstanding shares of Quivira Gold Ltd. and Nicholas Taylor, the beneficial owner of 69,137,815 shares of BLXX stock and warrants to purchase another 69,137,815 at $0.05 is already listed as a shareholder.
The deals bring Blox to a whole new level from their mineral exploration efforts of the Lake Cowichan area, Vancouver Island, Canada. Now, with a working biogas facility, a gold deal on the table, and a $1,000,000 financing deal closed, BLXX stock can say goodbye to dormancy and hello to becoming a very popular penny stock of alternative energy investors.
About BLXX Stock
Blox, Inc., via the recent acquisition of their wholly owned subsidiary Amalco, aka Blox Energy Inc., is a development stage, renewable energy company that indirectly owns an operating biogas plant in Hungary.
Last 5 Trading Sessions:
BLXX hasn’t traded for 2 weeks which means, now that the confirmation of the deal being done is live, penny stock traders will be eyeing the bid/ask come today’s opening bell. Although the revenues aren’t mind blowing, with a public float of roughly 6 million, BLXX stock could go bonkers as soon as trades start flowing again.
Our Next Pick Is Coming Soon!
Text Keyword “AIMHIGH” To 99000 To Make Sure You Don’t Miss It!