CORAL GABLES, FL / ACCESSWIRE / August 8, 2018 / Many would agree that new technologies and technological advances over the last 5-10 years alone have helped mold the new face of society. With that, these same technologies have also shaped the way businesses handle everything from energy production to financial accounting methods. With this, companies are investing billions more into new technologies to further capitalize on growth opportunities.
Companies like Samsun Group, for instance, are investing $22 billion into things like artificial intelligence, 5G mobile technology, and even biopharmaceutical businesses. It comes as no shock today that other companies like Tesla (NASDAQ: TSLA) are in the spotlight after a flurry of tweets from company CEO Elon Musk incited a bout of buying in shares of Tesla through this morning.
The outspoken CEO as he has been called by some commented that he would be pondering the idea of taking the company private for a per share buyback value of over $70 billion. On the same day, it was announced that Saudi Arabia's sovereign wealth fund had acquired a significant position in Tesla shares, according to the Financial Times.
Reports state that the stake is worth $1.9 billion to $3.2 billion at the company's current share price. Based on the surge in corporate developments, other reports from estimates made by S3's head of predictive analytics Ihor Dusaniwsky. that the company's short sellers lost about $1.3 billion in mark-to-market losses Tuesday. Shares traded as high as $387.46 on Tuesday, just shy of the company's 52-week high.
More information On Tesla's Latest Developments, Tweets, & More, Click Here
But Tesla isn't the only game in town that's working to change the technology makeup of today's society. Other developments have recently focused on the growth of blockchain technology as well. Many of these companies are smaller cap compared to Tesla but due to a more nimble overhead, these same companies have been able to progress within the space as the market keeps a close eye out for new opportunities. Block One Capital, Inc. (BKPPF), for instance, has created a diversified basket of investments in the blockchain tech industry. Block One recently provided updates on its investment portfolio that include positive outcomes to several key placements over the last 8 months.
Today, for instance, Block One focused on progress in partnership deals and technology development for OMAAT. Block One believes its investment in OMAAT reflects strong value creation for its shareholders as the original USD$500,000 participation is now valued at close to USD $2,5000,000, reflecting a return of nearly 5 times on its original investment.
In July 2018, OMAAT entered into an agreement with Token Foundry Securities LLC (an affiliate of ConsenSys) to undertake an equity offering of up to US$2,000,000 at an anticipated US$10,000,000 pre-money valuation. Block Capital plans to participate in this capital raise for an additional investment of US$300,000.
Block One has also cited additional benefits from its investments in Finzat as well as Shopin Token. Specifically for its token investment, Block One believes its investment in Shopin reflects strong value creation for its shareholders as the original USD$750,000 participation with 66% bonus tokens is now valued at close to USD $2,000,00, reflecting a return of nearly 2.5 times its original investment.
Shares of Block One are up by 75% on Wednesday compared to the stock's share price roughly a month ago.
For More Information On Block One Capital, Click Here
But there are also "older" technologies that continue to captivate investor interest. 3D Systems Corporation (NYSE: DDD). A 3D Systems 13G Filing From St. Denis Villere shows modestly raised stake from 4.96% as of Mar. 23, 2017 to a 5.2% stake. Furthermore, the company reported earnings this week. For the second quarter of 2018, the company reported 11 percent revenue growth to $176.6 million compared to $159.5 million in the second quarter of the previous year.
The company reported a GAAP loss of $0.08 per share in the second quarter of 2018 and 2017, and non-GAAP earnings of $0.06 per share in the second quarter of 2018 compared to non-GAAP earnings of $0.08 per share in the second quarter of 2017.
As far as growth is concerned, the company reported 41% higher printer revenue on 37% higher printer unit sales, 26 percent growth in healthcare solutions, and growth in materials and on-demand manufacturing.
For More Information On 3D Systems, Click Here
About BlockchainStocks.com
BlockchainStocks.com is your best resource for all news, information & investment opportunities for cryptocurrency / digital currency such as bitcoin, ehthereum, litecoin and the decentralized & secure blockchain technology it all runs on.
Legal Disclaimer
Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. JSG Communications which owns www.BlockchainStocks.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release.
JSG Communications, which owns www.BlockchainStocks.com, may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. JSG Communications, which owns www.BlockchainStocks.com, may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. JSG COMMUNICATIONS LLC expects to be compensated up to $500,000.00 by Block One Capital Inc. for a period beginning March 3, 2018, and ending September 5, 2018, to publicly disseminate information about (BKPPF). We may buy or sell additional shares of (BKPPF) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. We own zero shares.
Contact Information:
SOURCE: BlockchainStocks.com
