What a Boring StockDon't know what Mackie Research was doing with the BUY recommendation. It says,"...Goldmoney will post EBITDA of negative $5.5-million on revenue of $9.6-million in fiscal 2017. [Mackie] expects these numbers will improve to EBITDA of negative $5.4-million on a topline of $11.9-million the following year [2018]." Losses and more losses as far as the eye can see. XAU will never make any money due to its busted Bitcoin business model. No innovation, just hype.
Look at some really successful Bitcoin companies such as Coinbase - a real exciting transformational cryptocurrency startup story with world-famous investors and the backing of the Big US Banks , VC's & NYSE sponsorship. No regulatory issues. It is the Bitcoin's Blue Chip
XAU is still a Howe-street type stock promo.