Announcement • Dec 05
Skychain Technologies Inc. COM NEW to Be Deleted from OTC Equity Skychain Technologies Inc. COM NEW (Canada) will be deleted from OTC Equity effective December 04, 2024, due to Inactive Security. Announcement • Sep 10
Skychain Technologies Inc., Annual General Meeting, Oct 10, 2024 Skychain Technologies Inc., Annual General Meeting, Oct 10, 2024. Announcement • Nov 07
Skychain Technologies Inc.'s Listing to Transfer to NEX In accordance with TSX Venture Policy 2.5, Skychain Technologies Inc. has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective at the opening on November 8, 2023, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Vancouver to NEX. As of November 8, 2023, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies. The trading symbol for the Company will change from SCT to SCT.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market. Further to the TSX Venture bulletin dated August 8, 2022, trading in the shares of the Company will remain suspended. Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice. Board Change • Jul 13
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Member of Non-Executive Advisory Board Ted Posey is the most experienced director on the board, commencing their role in 2016. Independent Director Walson Wang was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Jun 01
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 2 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Member of Non-Executive Advisory Board Ted Posey is the most experienced director on the board, commencing their role in 2016. Independent Director Anastasiia Zherbakhanova was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • May 09
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 2 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Member of Non-Executive Advisory Board Ted Posey is the most experienced director on the board, commencing their role in 2016. Independent Director Anastasiia Zherbakhanova was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Mar 04
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: CA$0.05 loss per share (down from CA$0.001 loss in 3Q 2021). Net loss: CA$983.5k (loss widened CA$970.2k from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Dec 25
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Anastasiia Zherbakhanova was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Dec 01
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: CA$0.066 loss per share (down from CA$0.017 loss in 2Q 2021). Revenue: CA$154.0k (down 83% from 2Q 2021). Net loss: CA$1.20m (loss widened 398% from 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 04
Full year 2021 earnings released: CA$0.088 loss per share (vs CA$0.17 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: CA$2.57m (down 6.6% from FY 2020). Net loss: CA$1.24m (loss narrowed 7.6% from FY 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Announcement • Mar 17
Skychain to Roll Out Industry-Changing Cloud Gaming Platform Skychain Technologies Inc. announced that the Company, together with its strategic technology partners, has successfully conducted a PoC (Proof of Concept)testing for an exciting new cloud gaming platform in Vancouver. The new GPU (Graphics Processing Unit) platform will allow invited users to play AAA video games
through their smart phone, pad, or even smart TV or HDTV with a standard OTT TV box. AAA (Triple-A) is a classification used for games with the highest development budgets and levels of promotion. An AAA title is expected to be a high-quality game and/or among the year's bestsellers. Announcement • Mar 14
Skychain Technologies Inc. Announces the Appointment of Kym Anthony as Advisor for Financial and Capital Markets Consulting Skychain Technologies Inc. announced the appointment of Mr. Kym Anthony as advisor for financial and capital markets consulting. Mr. Anthony provides Skychain with extensive experience in financial markets. His career of more than 30 years includes roles as Chairman and CEO of TD Securities, Vice-Chair of Toronto Dominion Bank and President and CEO of National Bank Financial. Mr. Anthony also gained investment banking experience with CIBC/Wood Gundy and the Investment Dealers Association of Canada. Reported Earnings • Feb 28
Third quarter 2021 earnings released: CA$0.001 loss per share (vs CA$0.036 loss in 3Q 2020) The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: CA$421.1k (down 19% from 3Q 2020). Net loss: CA$13.3k (loss narrowed 95% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Feb 24
Skychain Technologies Inc. announced that it expects to receive CAD 1.25001 million in funding Skychain Technologies Inc. (TSXV:SCT) announced a private placement transaction of 1,315,800 units at a price of CAD 0.95 per unit for gross proceeds of CAD 1,250,000 on February 22, 2021. Each unit consists of one common share and one share purchase warrant. Each share purchase warrant entitles the holder to purchase an additional common share at a price of CAD 1.50 per share for an exercise term of 2 years from the date of issuance. Is New 90 Day High Low • Feb 23
New 90-day high: CA$1.56 The company is up 359% from its price of CA$0.34 on 24 November 2020. The Canadian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 15% over the same period. Announcement • Jan 29
Skychain Technologies Inc. announced that it expects to receive CAD 1.25001 million in funding Skychain Technologies Inc. (TSXV:SCT) announced a private placement of 1,315,800 common shares at a price of CAD 0.95 per share for gross proceeds of CAD 1,250,010 on January 28, 2021. The company expects to close the first tranche for 265,000 shares by February 10, 2021 and the remaining tranche of 1,050,800 shares on or before February 25, 2021. Is New 90 Day High Low • Dec 31
New 90-day high: CA$0.61 The company is up 118% from its price of CA$0.28 on 30 September 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 17% over the same period. Reported Earnings • Dec 01
Second quarter 2021 earnings released: CA$0.017 loss per share The company reported a solid second quarter result with improved revenues and control over expenses, though losses increased. Second quarter 2021 results: Revenue: CA$902.4k (up 46% from 2Q 2020). Net loss: CA$240.3k (loss widened 33% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Nov 04
Skychain Technologies Inc., Annual General Meeting, Nov 30, 2020 Skychain Technologies Inc., Annual General Meeting, Nov 30, 2020, at 14:00 Pacific Standard Time. Location: Suite 415, 1112 West Pender Street Vancouver British Columbia Canada Agenda: To receive the comparative financial statements of Skychain for the year ended March 31, 2020, together with the report of the auditors thereon; to determine the number of directors to be elected to the board; to elect directors for the ensuing year or until their successors have been duly elected or appointed; to appoint auditors for the ensuing year and to authorize the directors to fix the remuneration of the auditors; to ratify, confirm and approve Skychain's Stock Option Plan; and to consider other matters. Announcement • Aug 28
Skychain Technologies Inc. (TSXV:SCT) entered into a letter of intent to acquire 20 MW Cryptomining Hosting Facility in Sherbrooke, Quebec from 1151203 B.C. Ltd for CAD 5 million. Skychain Technologies Inc. (TSXV:SCT) entered into a letter of intent to acquire 20 MW Cryptomining Hosting Facility in Sherbrooke, Quebec from 1151203 B.C. Ltd for CAD 5 million on August 27, 2020. Payment terms will be establish upon completing the three month of Due Diligence. The transaction is subject to due diligence and necessary regulatory approvals. Announcement • Aug 06
Skychain Technologies Inc. Auditor Raises 'Going Concern' Doubt Skychain Technologies Inc. filed its Annual on Jul 29, 2020 for the period ending Mar 31, 2020. In this report its auditor, Manning Elliott, gave an unqualified opinion expressing doubt that the company can continue as a going concern.