The market is responsible for pricing the company.
Assets less liabilities, plus potential revenue generation plus strategic value.
Name me another company listed on the ASX with a similar business model to Digital X (blockchain consulting, token sale advisory and asset management)? Now try on a global scale...
Perhaps you should take a look at Grayscale Bitcoin Trust which is trading at a 40% premium. Guess what... all the company do is hold digital assets. Grayscale Bitcoin Trust is designed to act as a proxy for the price of bitcoin. They have zero capacity to earn revenue! On the contrary Digital X who earn revenue via blockchain consulting, token sale advisory and asset management. https://au.finance.yahoo.com/news/why-grayscale-bitcoin-trust-surged-225300460.html
Only qualified accredited investors can invest directly in GBTC with a minimum investment of $50,000. Grayscale said that 80% of investment in 2018 came from institutional (66%) and accredited investors (14%).
As listed in the Quarterly reports, Digital X also hold unlisted cryptoassets through mandates with clients. If these company's are successful and list on market, Digital X will be able to announce a greater value in digital assets is the way I see it.
Nobody is attacking you, I think we're all just surprised by your oversight of Digital X and cryptocurrency. So you've Bitcoin, bought back into FGF, you might as well just admit you were wrong this entire time and buy into Digital X if you haven't already done so. I'll tag you in at 50c and say I told you so.
Are you as excited about the gold-backed Stablecoin XGold as we are???
If you can't beat them, join them.
DCC Price at posting:
8.4¢ Sentiment: Buy Disclosure: Held
