Dixiedee helpthanks for your explanation but could you elaborate. Is Wonderfi just an exchange similar to the toronto stock exchange or the nasdaq that facilitates the buying and selling of stock but its competitive advantage is that it facilitates transactions in stocks that involve bitcoin or gaming shares. Is not block chain a technology that software uses to develop programs (similar to the fact that win10 is a technology that permits users to develop programs. Wonderfin is thus a software program based on blockchain tech(which it does not own) and which depends on the transactions routed through if from which they extract a fee. An advantage they do have is that they have some of the best software developers in the fintech and gaming sector on staff.
Maybe the above is completely incorrect but would appreciate any info you may have to enlighten me. Does any comany have the sole rights to the block chain technology?
One of the problems Wonderfin does have is that they are high tech people used to high founders' stock issuancefor next to nothing and a high number for insider stock options with 5 year expiry dates. This is unrealistic for this type of stock (even though it is high tech) in this era. The high tech mania is not what it used to be and the financial fundamentals are regaining importance in valuing a stock. Watch shark tank and o'leary's mantra is "cash flow" today and not future revenues.
By the way, an excellant book on the stock exchanges and the banks is Michael Lewis' Flash Boys. Shows how there is a culture of screw the little guy and how they don't answer to anyone.