Dear Reader, Cryptocurrency and the blockchain are in a confirmed bull market, and big-money hedge funds are piling into the trade along with hordes of retail traders. There is no speculation anymore than Bitcoin has gone institutional. Bitcoin breaking above $62,000 and the major altcoins setting their own records. Yet, it’s beyond the individual crypto prices now: as I’m writing this, Coinbase stock just debuted on the stock market and the trading volume is off the charts. The demand was so strong that even though the reference price for Coinbase stock was set at $250 per share, by the time the shares were available to the public, the price was already above $350. It's a sign of how spot on we have been with Coinbase Global finally went public Wednesday afternoon at a valuation of nearly $100 billion, to me that speaks volumes. What I would like to bring to your attention today isn't Coinbase however. But rather, a much more early stage company that is now our most current holding in the blockchain sector. What I can tell you is its revenues are growing, as you'll see, at a pace very few companies can compete with! I've been tracking this company since December 2019 and because of recent developments, which I'm going to share with you today, we're building a large position in the company! This company is achieving progress in areas Facebook has tried and failed! Best of all, in 2020, revenues grew by 900%! In January 2020, the company’s monthly revenue clocked in at CAD$200,000. By the end of the year, it had risen to over CAD$2.1M for December 2020. Furthermore, the company achieved strong cash flow over the year that exceeded its ongoing operating costs. Even after an investment in Bitcoin mining machines, it still generated CAD$220K in positive free cash flow from its Asian operations in the last quarter, all resulting from its record revenue quarter of CAD$4,450,000. It might soon report its 7th consecutive quarter of rapid revenue growth! Conduct your due diligence on Hello Pal International Inc. (CAD: HP & US: HLLPF)! |