BLGI Inc (OTCMKTS:BLGI): Cutting-Edge Data Science Play Jumps on the Radar
BLGI Inc (OTCMKTS:BLGI) — now briefly buying and selling below BLGID following its reverse cut up final week — is a current entrant onto the OTC enjoying discipline that deserves consideration. This is a reborn ticker (both an express reverse merger play or one in a de facto sense) whereby a totally new imaginative and prescient, crew, technique, and asset base gained management of the inventory over the summer season.
Gone is Black Cactus Global. Arrived and ascendant is BLGI, Inc, replete, it will appear, with promise, development potential, experience, and established mental property.
So, what’s the story right here?
First off, in line with data from the firm’s communications and web site, the new crew accountable for BLGI Inc (OTCMKTS:BLGI) is successfully hooked up to a privately held Chicago-based modern software program growth agency known as Charteris, Mackie, Baillie & Cummins Limited (CMBC). CMBC’s main focus has been, most centrally, the growth of business options for Asset Management for advanced monetary transactions. But it is usually concerned in leisure, music, movie, healthcare information, and different manifestations of its core worth proposition.
We would level you to the firm’s preliminary post-RM press launch from July:
“Lawrence P. Cummins is the President and CEO of Charteris, Mackie, Baillie & and Cummins Limited (CMBC) whose primary focus has been the development of commercial solutions for Asset Management for complex financial transactions. In addition, a new disruptive media publishing platform for music, video and books, which utilizes Data Science, Artificial Intelligence, machine learning algorithms, Cloud Computing, Blockchain Integration for implementing smart contracts for Internet of economies with analytics and predictive modeling has been added to the Company’s breakthrough offerings.”
What is that core worth proposition? Expertise in data science, artificial intelligence, machine learning, blockchain options, cloud computing, and so forth. – Ie, we’ve got right here the normal theme of hyper-advanced functions of cutting-edge computational engineering.
Those summary services have been utilized by CMBC towards advanced monetary market options. But they’ve many different functions, a few of which at the moment are being actively explored, and a few of which have already been explored to nice impact by the firm.
In brief, BLGI is a publicly traded firm with one in all the companions of CMBC (Cummins – the second “C”) in cost as CEO, and a bunch of unique licensing agreements in place whereby BLGI can mobilize CMBC’s treasure trove of IP and experience to drive high-margin development in leading edge software program options centered on Financial Data and Transactions, Media, Healthcare Data, and Travel, although we’d additionally notice that Cybersecurity could match very properly right here additionally, and could also be a pursuit of the firm now or in the future.
As famous in that launch from July: “BLGI has entered into a Software License Agreement with CMBC for the use of its IP that supports the blockchain based development platform that BLGI will commercialize by developing solutions for a broad range of industries. CMBC has also assigned all the rights and benefits to BLGI of the Software License it granted Benchmark Advisors (Bahamas) Limited, a Broker Dealer and Investment Advisor licensed by the Securities Commission of the Bahamas. In exchange for these two transactions BLGI has issued CMBC 294,109,944 shares of common stock.”
That’s the central nugget at the coronary heart of this story. And it presents buyers with a possibility to achieve publicity to all kinds of quickly rising industries all via the lens of a first-tier dev store with robust experience and an current monitor report.
The Road Ahead
We will little doubt discover this attention-grabbing title once more quickly. But, for now, we need to make the level that that is already a lot additional alongside than you would possibly suppose from a look at the inventory’s chart.
BLGI Inc (OTCMKTS:BLGI) shares have moved about 300% larger since the summer season, as information began to unfold about the transition in the that means of the ticker image. But, lest you suppose it is a story a couple of promise and a few far-fetched potential, utilizing fancy lingo dug up from a Sand Hill Road workplace in Palo Alto, BLGI is already very close to industrial stage outcomes with an enormous retailer of marketable IP and a mile-long record of key relationships in play.
For instance, the firm’s monetary merchandise traction already works with world-leading data science corporations to develop options for funding banking and asset administration. According to the firm’s web site supplies, “We integrated data from all the major stocks, futures CDF’s, Currency, indices, forex, and cryptocurrency exchanges.”
In addition, the firm simply introduced that, in furtherance of its restructuring, BLGI filed Amended and Restated Articles of Incorporation with the State of Florida, efficient as of October 8, 2020, to consolidate its capital by a 20:1 reverse cut up of its Common Stock and scale back the variety of shares of Common Stock it’s approved to difficulty from 490,000,000 to 200,000,000 shares.
The firm additionally modified its title from Black Cactus Global, Inc. to BLGI, Inc. The Company’s Common Stock started buying and selling on a post-reverse cut up foundation on October 16, 2020.
According to its launch final week, “the new leadership team, led by Lawrence P. Cummins, CEO, looks forward to executing its business plan by using the Intellectual Property it acquired from Mr. Cummins’ company, Charteris, Mackie, Baillie & Cummins Limited, to develop solutions for business opportunities that have been identified.”
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