DCC 0.00% 4.4¢ digitalx limited

SP Drop, page-29

  1. 634 Posts.
    Of course there would be, try ring the office and squeeze it out of them I tried once before but to no avail.

    BTC price: BTC/USD approx $400 not looking pretty however if history repeats itself there will be a sharp correction to several times the previous floor ($500-$600 range being the previous floor) to establish a new "average" price floor. speculation is rife about reasons - Ethereum sell off, Alibaba investors dumping BTC to buy Alibaba, Margin lending, Tax implications prior to US end of financial year (investors sell their shares just before the tax year), merchant selling pressure, miners selling pressure +++more.

    resigning directors: Emmanuel has left the building, quite a shock but perhaps he is busy with his new venture peernova, or perhaps its a conflict of interest because DCC are now entering the cloud mining space I would assume its direct competition but I dont really understand the cloud mining space so cant comment. Nonetheless he still retains all his DCC shares (5% or so, I cant remember from the presentation). The otherdirector was an ex MEJ...New director looks like a good fit

    Cryptsy partnership: last I checked Cryptsy was one of the most popular exchanges around, unsure why this didnt shoot the price up. Im guessing because people dont understand the concept and/or people arent interested in pre-enrollments. Fear not Oct (the beginning of the 4th quarter of 2014) is only a week and a bit away so very shortly we will start seeing the beta versions of both mintsy and digitalx wallet.
    - new revenue streams from mining contracts etc adding more to the bottom line. It now becomes clear why DCC have leased such a huge amount of space during that Verne global agreement.
    I guess the other consumer product called digital x frax - is part of this agreement by allowing the trade of frax?

    digitalx wallet: apparently the wallet will be both "secure and easy to use". If they pull this off...wow.. expect very high media coverage and price to match. But doesnt every wallet provider aim to do these things, not sure why DCC think they are any different?

    thesophisticatedinvestor: great valuation of DCC at $1.04 Base Case i.,e the price they think DCC should be trading at right now without the wallet. $1.60 with the wallet. However the only difference is TSI understands crypto - the wider public do not therefore a gap exists for now. Interesting note is the comparison to Xoom in the investor video - Xoom has a market cap of $880M US, and all they do is remittance services (i.e when people migrate and send money home to family etc). I see no reasons why DCC cant create a remittances product or implement in their wallet - I take this as a slight hint that it will be done. Could be wrong. Bitcoin is well known to be well suited to remittances due to massive savings in fees and also speed. In regards to the video presentation, it should be an additional format not the sole format. Although I had no problem with the video, if people are at work behind a computer they cant always just pull out earphones and listen away. Can always print a copy and have a private read in the lavatory however.....

    roadshows: expect these to be occurring this week or next as the end of sept was given by the office when I asked.

    Right now I would imagine the TSI valuation of $1.60 to be realistic by year end.

    DYOR PLEASE!
    Last edited by investomania: 22/09/14
 
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