17:08:20 EDT Tue 02 Jun 2020
Enter Symbol
or Name

Login ID:

Shell Summary for Oct. 2, 2019

2019-10-02 21:46 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

The TSX Venture Exchange slipped a fraction to 554.84 Wednesday. Darryl Cardey's capital pool shell, Cairo Resources Inc. (QAI: halted), plans to acquire an Eastern Canadian tech firm called Swarmio Inc. for the shell's qualifying transaction. The shell will roll back 1 for 1.2, leaving it with 1,567,894 shares issued, then issue 47.5 million shares to its target's shareholders.

Swarmio was founded in 2014 as Ubique Networks Inc. It offers a cloud-based platform, called Swarmio, that is primarily designed for e-sports (competitive video gaming) players. Specifically, the Swarmio platform eliminates the typical connection lag that annoys players when a video game is running on multiple Internet servers. The interruption usually lasts for several milliseconds each time it occurs.

Swarmio's platform is not only for playing video games on-line. According to the company's website, part of its platform, called Swarmio Matrix, enables video game developers and e-sports tournament organizers to host video game competitions. Another part of the platform, called Swarmio Hive, can support not only on-line video games but also telecommunications networks and enterprise systems. A third part of the platform, Swarmio Live, is for marketing, particularly targeting e-sports fans and their on-line communities.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2020 Canjex Publishing Ltd. All rights reserved.

Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.