They have cash to run the business at current for the next couple of years - all good.
Customer receipts
- $690k cash received from customers seems - not quite sure how this reconciles to the $770k gross cash received from Sell My Shares and fund management fees including the $270k performance fee mentioned. Find out more at Webinar I guess.
- Sell My Shares - nice to see the growth of 20% QoQ. Not clear how large the opportunity is. Feels like a side hustle which is fine if cashflow positive.
- No more mention of finding product market fit for Drawbridge which is good. Legacy blockchain solution looking for a problem to solve.
Future hopes in near to mid-term are:
- Spot Bitcoin ETF being approved - Not sure what value that brings yet but first to market would I imagine be a good thing and the appetite is most probably there given US take-up.
- Mount Gox - TBA in May likely. Known unknown
- [Surge in value of BTC by year end]
Other:
- DigitalX Playlist - I can't understand from the description what they are trying to do here nor what the benefits are.
- DARTx - Maybe too early. I understand the product but not clear what kind of digital assets can be invested in
- Forums
- ASX - By Stock
- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
They have cash to run the business at current for the next...
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