Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Volume dying down. Lets see if it can sustain above the initial rally to $3.20 first.
Jozeph I am glad you get it. There are way too many people falling for this Hype. If DIGAF was the real deal they would have listed with TSX or the Venture exchange in canada like HIVE.V (double listed as PRELF in OTC).
$107,000 equals to $8,800 per month. Still the same problem, its peanut! And with that "development cost" you expect to see great results? That is the cost of a mom and pop website. These guys are simply playing on the fluff. Anyone and any competitor can take them out with $8,800 per month spent per month on development costs.
Whats so special about this? Also they have debt and rising. They have $4 million in accumulate losses.
And NOT ONE APP to show for it.
This is not Overstock that has income, a mega infrastructure, and true Development spending.
I’m sorry but this company cannot come near that with development costs of $4,000. When you speak of karma, please know that I too have been burned by pumps and dumps in my days. What I am here for is to inform about the risks involved in this company: it has debt, no income, a history of losses ($4million), no app for smart phone purchase, hundreds of thousands in convertible debt (has anyone searched how many shares they will have access to and what dilution may occur?), quoting news releases from 2.5 years ago, and gasping for a mere promise that they will now make good in 2018 during a super hype and all time highs of bitcoin.
If anything my dear reader take this as good karma. By the way karma in Sanskrit means action. There is no such thing as good karma or bad karma, just actions and reactions.
I rather be honest and ensure every one here has done their due diligence.... because from what I have read back, it’s just good news.
But has anyone really stopped to see the financial standing and history of this story? Well I thought I would balance out some of the story here to show the risks. And no, not everyone is aware here as you have stated.
Same here. I’ve been accumulating on weakness
Please Post a link showing that this company spends more than $4,000 on development costs.
Also please tell me if you think $4,000 is enough money to build an Infrastructure
They don’t even have an app like Coinbase.
65+% of this market (probably way more) is only reachable by apps.
DEVELOPMENT FUNDING MEASLY $4,000
Look at the income statement and see for yourself the costs are at a $4,000 level.
How can a company that going to make you millions on a promise that next year something new and shiny is coming when they haven’t delivered anything in 2.5 years and have accumulated losses of $ion?
THIS IS WHY DIGAF IS A PUMP & DUMP:
Go to the Canadian SEDAR filing site. It’s equivalent to the SEC in the USA:
http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00027960
Keep this document open and click on Interim Financial Report dated August 28, 2017. Keep this document open as I walk you through some real DD. The quotes below are from this very document:
1) A BRIEF HISTORY: SHARE PRICE FROM $25 PUMP TO PENNIES:
“In March 2015, the Company entered into an agreement with Mega Ideas Holdings Limited, dba ANX (“ANXPRO and ANX International”), a company incorporated and existing under the laws of Hong Kong. ANX owns a proprietary trading platform and provides operational support specializing in blockchain development services and exchange and transaction services for crypto-currencies known as Bitcoin and other digital assets.”
It has been 2.5 years since DIGAF entered into an agreement with ANX. Why only now is DIGAF going to succeed during the HYPE of BLOCKCHAIN.
The answer is IT WONT! THEY ARE PUMPING OLD NEWS!
Since then it’s price has gone from $25 to pennies :
http://stockcharts.com/h-sc/ui?s=DIGAF&p=D&yr=3&mn=0&dy=0&id=p64999699848
2. A HISTORY OF DEBT AND LOSSES:
DIGAF has major losses of $4.6 million accumulated and a deficiency of $238,777.
“The Company has not yet achieved profitable operations, and has accumulated losses of $4,601,997 since inception and working capital deficiency of $238,777 as at June 30, 2017; accordingly, the Company will need to raise additional funds through future issuance of securities or debt financing. Although the Company has raised funds in the past, there can be no assurance the Company will be able to raise sufficient funds in the future, in which case the Company may be unable to meet its obligations as they come due in the normal course of business. It is not possible to predict whether financing efforts will be successful or if the Company will attain a profitable level of operations.”
3) CURENT CASH IS NOT ADEQUATE TO CONTINUE GOING CONCERN:
“The current cash resources are not adequate to pay the Company’s accounts payable and to meet its minimum commitments at the date of these financial statements, including planned corporate and administrative expenses, and other project implementation costs, accordingly, there is significant doubt about the Company’s ability to continue as a going concern. These financial statements do not give effect to adjustments that would be necessary to the carrying amounts and classifications of assets and liabilities should the Company be unable to continue as a going concern. “
4) DEVELOPMENT FUNDING IS AT A MEASLY $4,000
Look at the income statement and see for yourself the costs are at a $4,000 level.
How can a company that going to make you millions on a promise that next year something new and shiny is coming when they haven’t delivered anything in 2.5 years and have accumulated losses of $ion?
Now you make the call! Are you being taken for a ride?
I am just trying to protect people here from a frenzy of pumps in the wild world of crypto!
Is BLKCF issuing more shares?
Monks dream I also follow SING but BLKCF is much bigger market cap and a much bigger player.
Also please look at the Canadian ticker symbol BLOC for more volume measurements of volume.
By the way, What do you see in store for SING ?
Yes it built a nice upward slanting triangle. Hope it breaks.
Ethereum making a move this weekend, big test underway in the $345s: http://cdn.ceo.ca/1d119n7-Ethereum_4-hour_11.18.2017.png
$HIVE$
THIS IS WHY DIGAF IS A PUMP-& -DUMP:
Go to the Canadian SEDAR filing site. It’s equivalent to the SEC in the USA:
http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00027960
Keep this document open and click on Interim Financial Report dated August 28, 2017. Keep this document open as I walk you through some real DD. The quotes below are from this very document:
1) A BRIEF HISTORY: SHARE PRICE FROM $25 PUMP TO PENNIES:
“In March 2015, the Company entered into an agreement with Mega Ideas Holdings Limited, dba ANX (“ANXPRO and ANX International”), a company incorporated and existing under the laws of Hong Kong. ANX owns a proprietary trading platform and provides operational support specializing in blockchain development services and exchange and transaction services for crypto-currencies known as Bitcoin and other digital assets.”
It has been 2.5 years since DIGAF entered into an agreement with ANX. Why only now is DIGAF going to succeed during the HYPE of BLOCKCHAIN?
The answer is IT WONT! THEY ARE PUMPING OLD NEWS!
Since then it’s price has gone from $25 to pennies. Take a look at the 3 year graph below :
http://stockcharts.com/h-sc/ui?s=DIGAF&p=D&yr=3&mn=0&dy=0&id=p64999699848848
2. A HISTORY OF DEBT AND LOSSES:
DIGAF has major losses of $4.6 million accumulated and a deficiency of $238,777.
“The Company has not yet achieved profitable operations, and has accumulated losses of $4,601,997 since inception and working capital deficiency of $238,777 as at June 30, 2017; accordingly, the Company will need to raise additional funds through future issuance of securities or debt financing. Although the Company has raised funds in the past, there can be no assurance the Company will be able to raise sufficient funds in the future, in which case the Company may be unable to meet its obligations as they come due in the normal course of business. It is not possible to predict whether financing efforts will be successful or if the Company will attain a profitable level of operations.”
3) CURENT CASH IS NOT ADEQUATE TO CONTINUE GOING CONCERN:
“The current cash resources are not adequate to pay the Company’s accounts payable and to meet its minimum commitments at the date of these financial statements, including planned corporate and administrative expenses, and other project implementation costs, accordingly, there is significant doubt about the Company’s ability to continue as a going concern. These financial statements do not give effect to adjustments that would be necessary to the carrying amounts and classifications of assets and liabilities should the Company be unable to continue as a going concern. “
4) DEVELOPMENT FUNDING IS AT A MEASLY $4,000
Look at the income statement and see for yourself the costs are at a $4,000 level.
How can a company that's going to make you millions on a promise that next year something new and shiny is coming when they haven’t delivered anything in 2.5 years and have accumulated losses of $4 Million?
Now you make the call! Are you being taken for a ride?
I am just trying to protect people here from a frenzy of pumps in the wild world of crypto!
He didn't go into details and I didnt have time to ask.
Fidelity owns 3% of Hive
I forgot to mention Frank saying HIVE is owned by Fidelity for 3% https://www.fidelity.ca/cs/Satellite/en/public/products/corporate_structure/equity_class/global_equity_class/uet
I spoke w/Chairman Frank Holmes @ the Hive-Presentation. There was a buzz of people around him and I got about 5 minutes worth of time with him and at the same time a pipe burst in one of my properties (life of a real estate investor) so I had to dash out to call out to a few plumbers in time before dinner.
That led me to a 2 day break solving a major sewage leak. So I have somewhat only this limited information:
REVENUE:
He mentioned they are hoarding Ethereum at the moment and the revenues coming in are $1million per month. However, that amount will jump to $1million per WEEK mid December when the Sweden mine comes into play.
MARGIN
He mentioned their margin is 70% so all in total after December 15, the revenue will be $50million annually and a profit of $35million (70% margin).
MARKET CAP:
He said that was enough to justify a $1 billion market cap.
He verified that the accumulation in action was from institutions buying in. He said he was at a presentation in Hong Kong the day before the presentation and a few institutions bought in.
And that is that!
No thanks. Got my profit out.
Denied, back. This is not the breakout you are looking for...
I see 2 NEWS items that were published today: not sure as to their effect:
Hungarian Competition Office (“HCO”) The HCO terminated competition proceedings against TEVA without establishing an infringement.
https://www.lexology.com/library/detail.aspx?g=d6148c7b-e75b-4284-b463-5bf91f551297
Teva Announces Prescription Copay Savings Program for Generic Gleevec® Tablets in the United States
http://www.businesswire.com/news/home/20171115006311/en/Teva-Announces-Prescription-Copay-Savings-Program-Generic
There is resistance at .84 and once this volume dies down (and it has died down numerous time) it will go back to its shell.
Trend is not yet set. Longs watch your resistance levels at .84
Innovation patent is NOT the same as PROVISIONAL. Read below in the link from Australian Patent office.
There is a specific section on the Government link below that shows a (1) provisional application is distinctly separate from (2) innovation or (3) standard patent:
"Provisional applications
Before applying for any patent, you may wish to file a provisional application. Provisional applications establish a priority date, which is handy if you need to prove you were the first to come up with a new invention"
Source: https://www.ipaustralia.gov.au/patents/understanding-patents/types-patents
As such OWCP Innovation Patent is NOT a Provisional patent as you claim in your distorted posts - neither "in nature" nor in any manner.
You are the one trying to play here.
why did TEVA pop today?
MAJOR: WHALES LOADING. Don't listen to noise on this board. Look at the charts:
http://cdn.ceo.ca/1d0p3uh-owcp-nov15.jpg
1) Late September 26-29 - $14+Million
2) Oct 15, 16 - $2 million
3) Nov 7, 8, 14 - $2 million
4) today 3+ million
LISTEN TO THE VOLUME.
LOAD UP!
They are scientists, not marketers lol.
Thank you very much for your diligence.
Classic bullish consolidation spotted today in the AM. I added as well.
Now is the time to Buy. Buy when you want to puke, sell when you want to pop champagne. This is severely oversold!
Bitcoin futures could begin trading as early as 2nd week of December: https://www.coindesk.com/cme-ceo-bitcoin-futures-begin-trading-soon-december/
So we'll be in crypto ETF jan 15 if all goes well!?
Pump and Dump. Your best cutting your losses. Disciplined investors cut their losses. Any revenue here? Any product? Any infrastructure? Any assets? Or just fluff?
"The ETF has already been filed with the Securities and Exchange Commission by Reality Shares. "
This sentence is from the business insider article:
http://www.businessinsider.com/blockchain-index-companies-to-bet-on-2017-11/#hive-blockchain-technologies-1
That ETF word is throwing me off.
Thanks Imperial! I appreciate the careful due diligence.
New Crypto ETF-Index:Together with the big boys: SAP, Accenture, Overstock!
http://www.businessinsider.com/blockchain-index-companies-to-bet-on-2017-11/#hive-blockchain-technologies-1
All money in Canadian MJ at the moment. It should cool off this week and head this way
We just got picked up by a huge etf! Lift off!
NEWS: Hive to be in New Crypto ETF-Index! Together with the big boys: SAP, Accenture, Overstock!
http://www.businessinsider.com/blockchain-index-companies-to-bet-on-2017-11/#hive-blockchain-technologies-1
Let's hope that death Cross does not form
Excellent post and elegantly written.
I will ask about revenue potential number. As for why did they do what they did, I called them last week.
They told me the decision to release shares earlier than planned was to alleviate a short squeeze in the stock. Evidently somebody lost some real money going short, that particular Friday price action in the morning was short squeeze related.
They are doing heavy promotion. Tomorrow in vancouver - volume should pick up.