Thursday, 6 September 2018

Trade Alert: A Cash Flow Positive Cryptocurrency Company

In our recent write ups we have been long on cannabis and cannabis-related stocks, which have worked out pretty well for us and our readers. We are now issuing a trade alert on a cryptocurrency company that announced that it achieved cash flow positive results for August, its sixth month of operations. This is an alert without much research because we wanted to move quickly so that our followers can take advantage of the opportunity, so make sure to do a level of due diligence that is acceptable to you. We are up to 660 followers despite not giving out a lot of alerts, a fact that we think is indicative of a diligent and prudent stock picking history. If you like our picks you can follow our blog by clicking the follow button on the top of the left hand panel. You can also follow us on Twitter @StockTradePicks. We have over 3,000 followers on Twitter as well.

Netcoins Holdings Inc. (GARLF) (NETC.CN) announced the following in its corporate update:

VANCOUVER, British Columbia, Sept. 06, 2018 (GLOBE NEWSWIRE) -- Netcoins Holdings Inc. (“NETC” or the "Company") (CSE: NETC) (OTC: GARLF) is pleased to provide further transactions updates, plus information on its Retail, OTC and upcoming Dealer-Brokerage lines of businesses.
Revenues
In the first two months of Q3 of fiscal 2018 (July and August, 2018), Netcoins has generated $12.9 million in transactional revenues through its Retail and OTC lines of businesses. This represents a very substantial increase in revenue per day over Q1 and Q2, and was generated during months where Bitcoin experienced new 2018 lows below USD $6,000 per coin. Netcoins transactional revenues are not tied to the price of underlying cryptocurrencies, including Bitcoin.
Cash
At the end of August, Netcoins has over CAD $5.5M million in cash, and cash equivalents, with zero debt. Netcoins generated positive cash flow in August of $64,000, being the first cash flow positive month since going public in March 2018.
Coin Listings
Netcoins has now completed listing all of the top 7 coins by market cap, which is a substantial accomplishment, and makes our platform the only one in Canada to do so, to our knowledge. This also makes our platform more attractive to buyers/sellers/investors and also to altcoins as a place to be listed. 
Netcoins has listed (or has agreed to list) 7 new tokens in Q3. This has generated listing fees of approximately CAD $207,000 in Q3 thus far.
Retail Network
Our retail network continues to grow, with more than 21,000+ locations for acquiring crypto in Canada, Australia, and Europe. We have also added the ability for citizens of Kenya and Ghana to buy crypto from Netcoins with USD Flexepin vouchers. In the coming months, we expect to be adding Tanzania, Zambia, Uganda, Rwanda, South Africa, Nigeria, Zimbabwe, Malawi, Namibia and Botswana in the same fashion.
Further, we are seeking distribution partnerships to significantly expand the retail network in the coming months.
OTC Services
Netcoins OTC (Over-The-Counter) business, also known as our private brokerage, continues to gain strength in the global market. In Q3 so far, we have onboarded four cryptocurrency miners providing them with liquidity in addition to serving crypto hedge fund operators, crypto brokers and high net worth individuals. Our OTC business provides three distinct market advantages:
  1. Market Leading Service Fees
  2. Speed of Payment (often same day)
  3. Personalized Account Rep and an Always-on OTC platform for transactions at otc.gonetcoins.com
Dealer-Brokerage Services
Netcoins continues discussion with multiple leading Dealer-Brokerages in Canada to enable Canadian investors to buy and sell crypto from their cash trading accounts using their traditional brokers. Netcoins is also providing a business plan, including custodial options, to IIROC for regulatory evaluation in September/October.
“Netcoins is making significant progress on our mission to bring crypto to the masses. We are focused on becoming the leading crypto brokerage services firm in the country, with multiple lines of revenue generating business,” said Netcoins CEO, Mark Binns. “Our revenue curve from Q2 to Q3 shows that we are finding true product-market fit, and our customers are relying on us and referring us actively. We look forward to providing more updates on progress as it occurs.”
About the Company
The Company is in the business of developing software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor through brokerage services.
The market is reacting positively to this news so far. NETC is up 15% in Canada to $0.11 on nearly four million volume traded, but we think it should be up a lot more. To be able to get these kinds of revenue numbers and attain cash flow positive operations in the sixth month during weak times for Bitcoin trading is huge. NETC has a 52-week high of $0.65 so it is defintely overdue for a substantial turnaround, especially if Bitcoin picks up.

Disclosure: We are long NETC.CN

Bitcoin has gone from a concept worth pennies a few years ago to worth thousands of dollars. It may appear to some who are late to the game that the opportunity to get rich is gone. However, there are still plenty of ways to make some money trading in bitcoin and other cryptocurrency. Here are some links to valuable reports and strategies:

The Cryptocurrency Codex from the Cryptocurrency Institute 

Secrets To Unlimited Free Bitcoin 

The Crypto-Currency Evolution eBook

Bitcoin Complete Guide for Dummies

The Bitcoin Miracle Guide

The Bitcoin Cheat Code Book

The Crpytocurrency Course

Bitcoin Investing Live


If you're interested in making money investing or trading the stock market, here are some good resources to assist you. This includes technical analysis, investing in the weed sector, dividend stock investing, gold and commodities, sector rotation, options trading and microcap trading strategies.

Microcap Millionaires Free Video: Cheap Gold Miner Set to Soar in Fall 2017

The dividend stock report from dividendstocksonline.com
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