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Goldmoney Inc T.XAU

Alternate Symbol(s):  XAUMF

Goldmoney Inc. is a Canada-based custodians and traders of precious metals. The Company also owns and operates businesses in jewelry manufacturing and property investment. The Company’s operations and principal activities are conducted through its two wholly owned business segments: a Goldmoney.com and Goldmoney Properties Limited. Goldmoney.com is an online platform that provides clients with access to their Holding to purchase and sell physical precious metals and arrange for their custody and storage. Goldmoney Properties Limited is a United Kingdom-based entity established to acquire long-life property assets with secure long-term income streams. It owns eight properties totaling 431,025 square feet (GIA). Goldmoney Properties Limited also owns a portfolio of freehold properties known as 'Clarendon Quarter' in Oxford, Oxfordshire, United Kingdom. This portfolio of mixed-use buildings occupies an approximately two-acre site in the heart of Oxford City Center.


TSX:XAU - Post by User

Bullboard Posts
Post by Oregonduckon Apr 16, 2017 10:52pm
125 Views
Post# 26126336

Goldmoney's Peter Schiff

Goldmoney's Peter Schiffhttps://www.cnbc.com/2017/04/16/trader-rips-perma-bear-investor-peter-schiff-you-cant-have-your-own-facts.html

Peter Schiff, the high profile face of Goldmoney, looks to be a bit off the mark with his wild predictions. XAU is all hyped up as the fastest FinTech around but after the initial promotion is gone, it's stock is now way below its all-time high with no vol..and not movng much. As a FinTech startup it is not scaling up like other payment firms such as Square, Paypal and Stripe. The Company is sitting on its cash raised and is worth only liquid assets and the rest is just fluff such as Goodwill" and "Intangibles " which are overpayment for acquisitions by Bitgold such as with Goldmoney and Schiff Wealth. Although XAU is a real company, it will never make any money as its business model is clearly half-baked.

Based on the latest financials for Dec. 31, 2016, the Company's intrinsic value is pegged at around $0.87. Net Equity $117 million less Intangibles $22 million and Goodwill $35 million equalling Net/Net of $60 million divided by 69 million outstanding shares.
Bullboard Posts