NXChain Inc. Investor Update
IRVINE, Calif., December 22, 2017 (Newswire.com) - We at NXChain are very excited about our future prospects. In the last 60 days, we have made filings with the Securities and Exchange Commission (SEC) about appointing Hall and Company as new auditors in our efforts to bring our filing current.
To fully execute on selected opportunities available to us using NXChain's blockchain platform, we have secured a $5 million financing round through L2 Capital. Along with this capitalization, we will be filing a new S1 form with the SEC in the next 90 days and registering previously issued "non-registered" shares. We are in process of moving from being a shell to exit stealth with our operations.
Our key success factors are not merely our blockchain solutions, code or other digital parameters - they are Speed, Stability and Simplicity.
Sean Tabatabai, CEO NXChain Inc.
To protect our intellectual properties and our shareholders' interests in Sweden, we have selected Magnusson Law to represent our interest in that region.
Over the last week, we have seen our stock price fluctuate dramatically. We attribute this fluctuation to activities associated with Bitcoin. While NXChain provides a full range of services in blockchain technology, we presently do not transact or mine Bitcoin.
Our key success factors are not merely our blockchain solutions, code or other digital parameters – they are Speed, Stability and Simplicity.
There are almost 1,000 different digital currencies in circulation, but none of them have managed to penetrate the key areas of use they are expected to fill: daily transactions, banking for the unbanked and microtransaction facilitation, which are our areas of focus.
Source: NXChain Inc.