Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

CryptoStar Corp V.CSTR

Alternate Symbol(s):  CSTXF

CryptoStar Corp. is a Canada-based self-mining cryptocurrency producer. The Company and its subsidiaries operate in the distributed ledger technology space, utilizing specialized equipment (miners) to perform computationally intensive cryptographic operations to validate transactions on the Blockchain (mining), receiving digital currencies (primarily Bitcoin). The Company operates through three segments: self-mining, hosting and miner sales. The Company is the supplier of graphics processing unit (GPU) and Australian securities and investments commission (ASIC) miners & hosting solutions worldwide. The Company also provides equipment hosting services to customers worldwide, for which services the Company receives hosting fees, as well as sells miners to customers. The Company operates data centers in the United States and Canada. Its wholly owned subsidiaries include CryptoStar Holdings Inc., CryptoStar USA, Inc., and Neuro Digital Inc.


TSXV:CSTR - Post by User

Bullboard Posts
Comment by guildwood1on Oct 06, 2016 2:10pm
106 Views
Post# 25318416

RE:RE:Regarding the SP

RE:RE:Regarding the SPThis is no where near the same company as it was previously and thus can not be evaluated by previous performance...  All indicators point to a positive future!

New product ...
 "On August 26, 2016, the Company announced the launch of Ormiboard, a first-of-its-kind digital learning environment that redefines whole classroom teaching by transforming any device with any operating system into an easy-to-use whiteboarding and collaboration tool."
 
New management ...
"In July 2016, the Company underwent a number of changes to its leadership and organizational structure."
 
Reduced expenses...
"In July 2016, the Company restructured and reduced its work force to significantly lower its expenses. The workforce reduction cost savings and other expense reductions will reduce the normalized spend in excess of 50%."

Amended agreement. (1500 Ormiboard Pro licenses equates to $ 750,000 in revenue, would be safe to assume Panasonic has a reduced cost however it allows for a simple ballpark)
"On June 28, 2016, the Company announced it had entered into an amendment to the previously announced reseller agreement with a division of Panasonic Corporation of America for the sale and distribution of 1,500 Ormiboard Pro licenses."
 
New partner ... SAMSUNG (I dont think I need to elaborate on that)
 
One that I believe most are overlooking ... REVENUE as of last quarter which has yet to be released
 
"Not only have we have made significant additions to the platform and are continually adding new content to make adoption and integration of Ormiboard effective, we have received our first orders for the product and have started generating revenue for the Company."
 
And finally a another new product forthcoming ... OrmiBoard Go
 
This is a homerun in the marking its just going to require some patience! 
Bullboard Posts