Post by
flight100 on May 11, 2021 9:14am
Several important pieces of information from today's news
Today's news by BIGG answers some of my questions and I will be adding more shares today. IMHO, BIGG will be trading between $3 and $4.5 by the end of June. Mark my word.:
1) Why delay in financials:
A: The delay in filing BIGG’s 2020 financials is directly tied to Netcoins, the only crypto brokerage operating in Canada (to our knowledge) that is owned by a listed public company. The scrutiny on public crypto companies, in general, is high and audit companies, and the Canadian Public Accountability Board (CPAB), have accordingly set a very high standard for crypto audits. Coupled with Netcoins significant growth, the sheer volume of transactions to be sampled and tested has taken longer than expected, and our team and auditors are working diligently to complete the audit. We anticipate completion by the end of May currently, and are working hard to meet this goal.
2) Netcoin performance in May, Very positive:
A: While we are only 10 days into May, Netcoins revenue is tracking to set another monthly record. For the first 10 days of May, revenue shows a 35% jump over April. New customer acquisition has also grown by 2.2x (122%) in May over April (first 10 days) while setting all time records. As we get more clarity on our Q2+ growth trajectory, we intend to release updated forward-looking revenue targets.
3) Nasdaq listing
Q: Are you going to uplist to the NASDAQ?
A: The company is keen to uplist in the United States to the NASDAQ to reach more potential investors. That said, there are strict listing requirements, and a significant vetting process, to list on the NASDAQ. As the company continues to grow, and meet minimum NASDAQ listing requirements, we will push for an uplisting. Ideally this occurs in 2H 2021.
4) BIGG Cash amount
BIGG Digital Assets, as parent company of Netcoins and BIG, continues to execute on its mission as the leader in “Compliance First Crypto” both domestically and globally on a monthly basis. BIGG’s cash and crypto treasury sits at CAD $70-75M currently, floating with the value of Bitcoin and major crypto assets in our Netcoins float and treasury. The overall business operates profitably on a monthly basis, not counting realized or unrealized coin gains or losses from treasury. Our business is simple - support and grow Netcoins and Blockchain Intelligence Group. And we continue to make excellent progress on both.
Comment by
YupnDump on May 11, 2021 9:26am
WHAT HAVE U BEEN SMOKIN OR SNORTIN?? its nothing but a dream
Comment by
flight100 on May 11, 2021 9:28am
Wait & see how the stock price perform over the next month. Any price weakness is a gift for retail investors.