Still a Losing Proposition
Bear is right - It is a stock promotion and a pump. XAU is basically a stock where only insiders made money on. The initial PP deal at 90 cents were all taken down by insiders and clients of Canaccord. The deal size was purposely very small and tightly held and stock has held up beyound its value. The intrinsic value is around $0.87 per share. The Company has and will never make any money because of it's busted business model..The Harvard Business School would be pleased to run a case study on this original VSE shell company and its money-losing business modelling...The audited financials for the year ended Dec. 31, 2016 will be out by no later than the end of this month - under TSX rule 120 days from year-end closing date. More losses predicted...Despite statements to the contrary, the Company's CFO leaving in Jan. 2017 - before publication of financials - was not a good sign even though she said she has better things to do and remains optimistic in the Company. It is always a negative thing when COF leaves and the stock took a beating then and is still down. Unless Josh has picked up a CPA designation (Chartered Public Accountant in US) or CPA (Chartered Professional Accountant in Canada) at a night school somewhere, he has no accounting qualifications as a former GOLDMAN SUCKS guy to sign off on the balance sheet...We await the year-end statements to see whereof this self-professed fastest FinTech Co,. is heading.