The Wile e Coyote of Penny StocksJust like the coyote character in the Road Runner cartoons, this stock is suspended in mid-air, but don't look down.
India's Paytm - funding by Masayoshi Son's Softbank, Jack Ma's Ant Financial & Taiwan's MediaTek as major backers - will eat Roy and Josh's breakfast, lunch and dinner.
https://www.bloomberg.com/news/articles/2017-05-24/toronto-bidding-wars-turn-to-homebuyers-remorse-as-market-slows Paytm has an existing 200 million customer base with a forecast of growing to 500 m by 2020. Whereas, Goldmoney has around 1.5 m users and is having scale up problems with its customer growth with average spending of a miniscule $100 per account. What ever happened to tapping into the overarching massive gold markets in China & India for Bitgold two years on since startup ? Bitgold had a huge head start.
Goldmoney is basically a 'mini storage" for other people's gold bullion & continues to suffer from a string of heavy losses. It lost millions on gold tradiing. Bitgold card is another money loser as a digital currency platform. The new gold lending deal annouced last week is essentially a "pawn shop" that is sure to not find any traction. Nothing seems to work for this management team.
Bitcoin is a roaring success for speculators. Roy and Josh should have continued to peddle, tout and pump the original "Bitgold" stock to speculators instead of doing non-accretive M & A deals with Goldmoney, Peter Schiff and this UK deal..This stock is dead and gets no bump up for any news release or stock recommendations.