When we covered an announcement from Envoy Group Corp. (OTCMKTS:ENVV) back in October, the company hinted at a shift toward pursuit of blockchain technology and a name change, but it was rather vague in nature.
Here we are roughly six weeks later, and there still hasn’t been a whole lot of new information on the specifics of how the company is faring in this endeavor. We generally prefer it if companies keep open the lines of communication and ENVV doesn’t seem very committed in that regard. That being said, the stock itself has been in a very solid uptrend over the past several sessions and has made the largest upside move since it had a major boom over the summer.
In the way of the most recent update from the company, we simply learned that Envoy Group Corp. (OTCMKTS:ENVV) CEO, Lawrence Cummins had spoken at the European Parliament on Blockchain Development in Brussels on November 7th, 2017.
As we were mentioning, Envoy recently, through its exclusive global agreement with Black Cactus Holdings LLC, solidified its commitment to become ‘the Premier Blockchain and Digital Asset Financial and Media Technology company’. Envoy is still in the process of its name change to Black Cactus Global, Inc.
Black Cactus Global has apparently developed powerful Blockchain based applications in media, industry and the financial sector and has the first fully functional digital to fiat currency Financial Trading Platform that allows the multibillion dollar cryptocurrency world full access to the global markets and vice-versa.
Recently members of the IMF, World Bank, the UN and the European Parliament expressed great interest in Black Cactus Global’s effective and groundbreaking Blockchain designed platform.
On an invitation from Mr. Antanas Guoga, a sitting Member of the European Parliament for Lithuania, Mr. Cummins addressed the members of 28 Nations on Blockchain in Brussels, the de facto capital of the European Union.
“The Blockchain is the most relevant technology that has been created in the last 25 to 30 years,” comments Lawrence Cummins, CEO of the Company. “We are quickly developing exceptional business relationships in the Asian, European and North American financial and media sectors and Black Cactus Global looks forward to announcing these major transactions later this month.” (Source: Globe Newswire)
We still haven’t received any detail on how or why Black Cactus’ technologies are ‘groundbreaking’ which is why we are still a bit skeptical. We hold out hope that the company will loosen its tongue a bit and provide some meat and potatoes on how it actually intends to capitalize on blockchain technology.
Meanwhile, Bitcoin itself has been in the midst of an epic and historical run, and has quickly become one of our main points of focus here at Street Register, much like the cannabis industry. One BTC was worth more than $11,300US at one point this week. It has momentarily pulled back, but there are no indications that its monstrous run has seen its last hurrah by any stretch of the imagination. That’s why we will continue to track ENVV, and any other stock that’s even remotely tied to the space. We’ll also be anxiously awaiting more details on progress from the company.Stay locked to Street Register for updates, and we’ll deliver important developments on ENVV as they unfold. In the meantime, if you’ve yet to sign up for our 100% free newsletter, do so now! Just enter your active email address into the box below and submit!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in ENVV stock, short or long.