Fintech Select Ltd V.FTEC

VRANIC RIDING THE HYPE

[banx]

1. Fintech Select (FTEC) launch of the cryptocurrency point-of-sales

FTEC has been making very good progress over the last couple of weeks in getting ready for the soft launch of its Selectcoin point-of-sales network, enabling people to buy and sell bitcoin and other cryptocurrency at thousands of locations across Canada. I expect the soft launch of a few sample locations to be announced at any moment. After a couple of weeks of a successful trial run, I expect the full launch to go live, creating a national news event and a high-margin ATM business almost overnight. 

I have been selling into rallies and buying back on pullbacks, but FTEC has grown to become my largest holding. Dollars and cents wise, I think other names on this list have bigger deals signed or coming, but nothing impacts local Canadian investors and regular people like this business will. I expect the hype to be massive as it will be a noteworthy news event on a very trendy topic right now - bitcoin and blockchain - which will resonate with people, be exciting, and be very easy to explain to the masses who might not just be interested in transacting and investing in bitcoin, but also with the company that is making accessible to million of Canadians. 

Only time will tell how the company deals with this opportunity over the following months and years. But I believe very strongly that early investors will make out like bandits (some already have with the recent move up) and it's up to them if they want to hold some FTEC for the long term. At this point in time I am riding the hype and will evaluate a long-term hold at the appropriate time when I can see a path to financials that justify it.

https://www.evranic.com/2017/11/the-top-10-events-i-am-waiting-for-in.html