Why?!
Why?!
Why?!
BAAR, Switzerland 06.07.2022. Blackstone Resources AG announces that the Board of Directors of the company has decided to go private for the time being. In this context, the shares of Blackstone Resources AG will be delisted from the Swiss stock exchange and a transfer to other international trading venues is being prepared. Blackstone is submitting the corresponding application to the SIX today.
The six what?! ... ... ... Never mind. 'Ha!' What's so funny, Voice? 'Nothing.'
Ulrich? Come on, son! Make some sense ...
"In our view, the future of battery technology lies primarily in the USA and Germany," says CEO and founder of Blackstone, Ulrich Ernst. "The market environment in Switzerland unfortunately limits European investments to a large extent. This is also due to current restrictions imposed by the EU on the SIX."
The six what?!
"At the same time, foreign capital markets, the market environment and regulators welcome high-tech companies like Blackstone. Investor interest and competitor valuations clearly show this. After thorough consideration, the company's Board of Directors has now decided to discontinue the tradability of Blackstone's shares on the Swiss stock exchange in order to take these facts into account."
Fine.
"We are now planning to shortly go public on the German, English or American stock exchanges," says Ernst. "So Blackstone Resources will initially be a private equity company. This new situation offers many opportunities for a new valuation of the company. For the time being, shareholders will no longer be able to trade their shares on a stock exchange, but only buy and sell them privately, and they will retain dividend rights. Shareholders will have to be patient until a new IPO or reverse merger and trading is organized. Shareholders who are registered in the share register will then be informed directly by Blackstone."
Be patient, shareholders!
In Germany, Blackstone Technology (a 100 % subsidiary of Blackstone Resources AG) has already built a battery factory for the production of 3D-printed battery cells and put it into operation last December. CEO David Batstone, COO Marc Kruse and many other specialists were recently recruited for Blackstone Technology's expansion into the USA.
'Who was that?' I've no idea.
Er, here's Ulrich again ... I think
"In Germany, we are already an active market player. In the US, too, the electric vehicle industry and OEMs are turning to suppliers of new battery technologies and materials to meet the growing demand. Given these facts, a listing on one of the relevant trading venues seems obvious and sensible to us."
Er ... there's a bit more, without speech marks. But -
ENDS
ENDS
ENDS
You dig?
'Boss.'
What?
'The six what?'
I don't know, do I?
ENDS
...
Anything else?
Getting away? I might go to Newquay soon, or St Ives again. But not in this heat. 'It's cooler down in Cornwall.' I'm thinking about the trains, man. 'What about the cost of living crisis, Mikey?' I've got savings. Experiences might be more important than money in the bank that ... I might not need anyway because I might be a global superstar soon. Do you know what I mean? 'Yeah.' I mean, I had such a lovely time in May. In fact, the best moments of my life have been mostly in Cornwall. 'You should go and live with the Owlman.' Yeah, yeah. Well ... he's very moody, isn't he? 'He's all right if you keep him supplied with pasties.'
Whatever.
The Owlman can buy his own bloody pasties!
Bye.
