Announcement • Jun 22
Blockmate Ventures Inc. announced that it expects to receive CAD 0.75 million in funding Blockmate Ventures Inc. announced a non-brokered private placement of up to 15,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 750,000 on June 22, 2026. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the company at a price of CAD 0.075 for a period of 24 months from the date of issuance. The company has received commitments for the offering from members of the board of directors and an external shareholder, Gleneagle Securities, an investment bank and fund manager. The company may accept additional funding of up to CAD 250,000. No finder's fees are payable in connection with the offering. Closing of the offering is subject to customary conditions, including receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange. All securities issued pursuant to the offering will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable securities laws. Buy Or Sell Opportunity • Jun 03
Now 59% undervalued after recent price drop Over the last 90 days, the stock has fallen 42% to €0.0049. The fair value is estimated to be €0.012, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 156% over the last 3 years. Earnings per share has declined by 18%. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Executive Chairman Dom Carosa was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 13
Blockmate Ventures Inc., Annual General Meeting, Jul 23, 2025 Blockmate Ventures Inc., Annual General Meeting, Jul 23, 2025. Announcement • Dec 24
Blockmate Ventures Inc. announced that it has received CAD 1.4 million in funding On December 23, 2024, the company has closed the transaction. Announcement • Dec 18
Blockmate Ventures Inc. announced that it expects to receive CAD 1.4 million in funding Blockmate Ventures Inc announced that it has received commitments for a strategic investment and non-brokered private placement in which the Company proposes to issue 14,000,000 units at a price of CAD 0.10 per Unit for the gross proceeds of CAD 1,400,000 led by Antanas Guoga (Tony G) on December 17, 2024. Each Unit will consist of one common share, and one common share purchase warrant exercisable to acquire a further common share at a price of CAD 0.50 for a period of thirty-six months. The transaction will also include participation from other group of investors. The investor has voluntarily agreed to restrict resale of the 10,000,000 Units he proposes to acquire for a period of twelve months. The remaining Units will be subject to the statutory four months and one day restriction. No finders’ fees or commissions are payable by the Company in connection with completion of the Offering. Completion of the Offering remains subject to the approval of the TSX Venture Exchange. Announcement • Nov 20
Blockmate Subsidiary, Hivello, Launches Its Passive Income Application in Public Beta Blockmate Ventures Inc. announced that its investee, Hivello Holdings, has launched a public beta version of its passive income application at www.Hivello.com. The Hivello Windows app was private beta launched in May 2024 and has generated significant interest with almost 30,000 users subscribing to the waitlist. The platform simplifies Web3 DePIN mining for novices that want to apply unused computing power to generate passive income and contribute to the growing global network of decentralised digital infrastructure. Buy Or Sell Opportunity • Oct 22
Now 84% overvalued after recent price rise Over the last 90 days, the stock has risen 33% to €0.026. The fair value is estimated to be €0.014, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 91% over the last 3 years. Earnings per share has declined by 2.8%. Buy Or Sell Opportunity • Sep 21
Now 48% overvalued Over the last 90 days, the stock has fallen 53% to €0.013. The fair value is estimated to be €0.0088, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 91% over the last 3 years. Earnings per share has declined by 2.8%. Announcement • Dec 06
David Wong completed the acquisition of Midpoint Foreign Exchange Business of Blockmate Ventures Inc. (TSXV:MATE). David Wong agreed to acquire Midpoint Foreign Exchange Business of Blockmate Ventures Inc. (TSXV:MATE) on September 21, 2023. Pending approval from the TSX Venture Exchange, settlement of the transaction is expected to take place on or before October 31, 2023.
David Wong completed the acquisition of Midpoint Foreign Exchange Business of Blockmate Ventures Inc. (TSXV:MATE) on December 4, 2023. Announcement • Oct 27
Blockmate Ventures Inc. (TSXV:MATE) signed a binding share purchase agreement to acquire BESS Power Corporation. Blockmate Ventures Inc. (TSXV:MATE) signed a binding share purchase agreement to acquire BESS Power Corporation on October 25, 2023. In consideration for the Transaction, Blockmate will issue 20,000,000 common shares (the “Consideration Shares”) to the existing shareholders of BESS (collectively, the “Vendors”). The Consideration Shares are subject to restrictions on resale for 4 months and 1 day after completion of the Transaction. Pending approval from the TSX Venture Exchange, completion of the Transaction is expected to take place on or before November 30, 2023. Reported Earnings • Oct 20
Full year 2023 earnings released: CA$0.023 loss per share (vs CA$0.082 loss in FY 2022) Full year 2023 results: CA$0.023 loss per share (improved from CA$0.082 loss in FY 2022). Net loss: CA$1.84m (loss narrowed 60% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has fallen by 50% per year, which means it is performing significantly worse than earnings. Announcement • Aug 31
Blockmate Ventures Inc Announces Board Changes Blockmate Ventures Inc. announced that Mr. David Wong has resigned as Chairman and Director of the company effective August 30, 2023. Concurrently, the Board announced the appointment of Mr. Domenic Carosa, a current member of the Board, as the new Chairman of the company. Recent Insider Transactions • Jun 19
Founder recently bought €104k worth of stock On the 15th of June, Domenic Carosa bought around 3m shares on-market at roughly €0.035 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Domenic has been a buyer over the last 12 months, purchasing a net total of €111k worth in shares. New Risk • Jun 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 70% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (31% average weekly change). Negative equity (-CA$586k). Earnings have declined by 47% per year over the past 5 years. Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). Revenue is less than US$1m (CA$357k revenue, or US$270k). Market cap is less than US$10m (€5.23m market cap, or US$5.73m). Announcement • Jun 16
Blockmate Ventures Inc. announced that it has received CAD 0.82 million in funding On June 15, 2023, Blockmate Ventures Inc. closed the transaction. The company issued 16,400,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 820,000. Each Unit consists of one common share, and one common share purchase warrant exercisable to acquire a further common share at a price of CAD 0.075 until June 15, 2026. All securities issued in connection with the transaction are subject to restrictions on resale until October 16, 2023 in accordance with applicable securities laws. No finders’ fees or commissions were paid by the Company in connection with completion of the transaction. The transaction included participation by two directors Domenic Carosa and Georg Hochwimmer for an aggregate of 3,500,000 Units. Announcement • Jun 02
Klearium Inc entered into a binding letter of intent to acquire 85% stake in Midpoint & Transfer Ltd. from Blockmate Ventures Inc. (TSXV:MATE). Klearium Inc entered into a binding letter of intent to acquire 85% stake in Midpoint & Transfer Ltd. from Blockmate Ventures Inc. (TSXV:MATE) on June 1, 2023. Following closing, Klearium will be granted an option to acquire the remaining 15% interest in the Midpoint Group at any time after the date that is two years following the Closing Date for a payment of US$250,000. Completion of the transaction contemplated by the LOI remains subject to a number of conditions, including finalization of due diligence, negotiation of definitive documentation and the receipt of any required regulatory approvals, including the approval of the TSX Venture Exchange. Reported Earnings • Mar 06
Second quarter 2023 earnings released: CA$0.013 loss per share (vs CA$0.007 loss in 2Q 2022) Second quarter 2023 results: CA$0.013 loss per share (further deteriorated from CA$0.007 loss in 2Q 2022). Revenue: CA$98.3k (down 2.5% from 2Q 2022). Net loss: CA$952.0k (loss widened 140% from 2Q 2022). Reported Earnings • Dec 01
First quarter 2023 earnings released: CA$0.008 loss per share (vs CA$0.005 loss in 1Q 2022) First quarter 2023 results: CA$0.008 loss per share (further deteriorated from CA$0.005 loss in 1Q 2022). Revenue: CA$80.4k (down 25% from 1Q 2022). Net loss: CA$518.5k (loss widened 93% from 1Q 2022). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Georg Hochwimmer was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Full year 2022 earnings released: CA$0.082 loss per share (vs CA$0.018 loss in FY 2021) Full year 2022 results: CA$0.082 loss per share (further deteriorated from CA$0.018 loss in FY 2021). Revenue: CA$435.8k (up 12% from FY 2021). Net loss: CA$4.64m (loss widened 490% from FY 2021). Reported Earnings • Jun 03
Third quarter 2022 earnings released: CA$0.054 loss per share (vs CA$0.005 loss in 3Q 2021) Third quarter 2022 results: CA$0.054 loss per share (down from CA$0.005 loss in 3Q 2021). Revenue: CA$253.5k (up 134% from 3Q 2021). Net loss: CA$2.95m (loss widened CA$2.74m from 3Q 2021). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Anthony Zelen was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 27
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: CA$0.007 loss per share (down from CA$0.005 loss in 2Q 2021). Revenue: CA$100.8k (up 11% from 2Q 2021). Net loss: CA$396.4k (loss widened 84% from 2Q 2021). Revenue was in line with analyst estimates. Reported Earnings • Nov 04
Full year 2021 earnings released: CA$0.018 loss per share (vs CA$0.037 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$388.3k (down 9.2% from FY 2020). Net loss: CA$786.5k (loss narrowed 32% from FY 2020). Reported Earnings • Jun 03
Third quarter 2021 earnings released: CA$0.005 loss per share (vs CA$0.01 loss in 3Q 2020) The company reported a soft third quarter result with weaker revenues and control over costs, although losses reduced. Third quarter 2021 results: Revenue: CA$108.6k (down 32% from 3Q 2020). Net loss: CA$207.1k (loss narrowed 25% from 3Q 2020). Is New 90 Day High Low • Feb 27
New 90-day high: €0.21 The company is up 33% from its price of €0.15 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 23% over the same period. Is New 90 Day High Low • Feb 24
New 90-day high: €0.20 The company is up 32% from its price of €0.15 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 23% over the same period. Reported Earnings • Feb 20
Second quarter 2021 earnings released: CA$0.005 loss per share (vs CA$0.011 loss in 2Q 2020) The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were flat. Second quarter 2021 results: Revenue: CA$90.4k (flat on 2Q 2020). Net loss: CA$214.9k (loss narrowed 22% from 2Q 2020). Reported Earnings • Dec 02
First quarter 2021 earnings released: CA$0.003 loss per share The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: CA$81.6k (down 28% from 1Q 2020). Net loss: CA$140.5k (loss narrowed 39% from 1Q 2020). Reported Earnings • Oct 30
Full year earnings released - €0.037 loss per share Over the last 12 months the company has reported total losses of CA$1.16m, with losses widening by 104% from the prior year. Total revenue was CA$427.5k over the last 12 months, up 7.1% from the prior year. 