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Let us hope that the Coin recovers soon! So that we can begin to tally our good fortune in the very near future!
Good night my friend.
Yes replace the post 439 sticky with 867.
I think it updates DigitalX possible revenues as best I could figure it.
Thanks!
Yes Tic I think you P/E calculation is conservative and it is only based on 6 months of earnings. 34x is a reasonable multiplication factor IMHO as well.
I have already banked the profits! LOLOL
Combining and running things together now. I only have one post left today.
Yes please replace it with 867. Read below!
Thanks Tlsmd!
Great piece posted as well Tlsmd!
Thanks Fit50 for the update on the next financials. I like the ASX way of doing things. Too much time between updates over here on the OTCs. It causes maximum volatility in my opinion.
Yes Tic that is only the first 6 months of DigitaX's fiscal year! This could be a mega year when the market sentiment shifts!
I am good to post the P/E earnings as you did it. Very conservative IMHO.
I am running out of posts for the day and I am combing several responses into one here.
Tlsmd please replace my post 439 for 867
Thank you!
I agree Tic. Good analysis.
When we hit your price target, we will be getting real golden, real fast.
If my revenue projections are halfway accurate we could be looking at a buck.
Thanks Fit. Keep Calm and HODL On.
Thanks T, Tic had the MP's hunting me the other day so I am trying to lay low LOL.
Can you replace my 439 for 867 if you think it is useful?
Thanks my friend!
Wow the P/E has us way under valued right now in my opinion...
When this market turns we go up, up up.
Not sure the report date is right. I think Pennies on the ASX report every three months. I bet Fit50 knows.
Ah thanks Tic! I am going to sticky this one in place of my #439 post if you agree it would be useful. Might put it on HC too, Those guys have been taking a beating over there too.
Projected Revenue For DigitalX in its Third Quarter.
What follows is a partial revenue forecast based on what could be deduced from the December Quarterly, and the Half Year reports released by DigitalX
The Half Year report tells us DigitalX holds about 2,232,000 AGI coin as of 28 February. On 30 November 2017, the Company announced it acted as the corporate advisor to SingularityNET, a decentralised, open market for Artificial Intelligence (AI) algorithms for the sale of 500 million tokens raising up to US$36 million. DigitalX will receive approximately 0.8% of the 1 billion AGI tokens in the project for marketing and promotional services, plus additional fees for introducing the SingularityNET project to DigitalX’s cryptocurrency investor network across Australia. DigitalX expected to receive net 5M AGI tokens during the current quarter. This indicates that about 2,750,000 AGI Coins were liquidated of the 5,000,000 that should have been received. So it can be reasonably assumed the coins were sold at a dollar or higher in early February, as this is in line with Leigh Travers stated portfolio strategy (Travers Nugget Interview) of selling the majority of coins received as soon as they are liquid.
So if the AGI was sold at $1.00 or higher we are looking at a possible gross of $2,750,000 or more on this engagement alone.
It appears 1,500,000 FUEL Coins (Etherparty) were liquidated. In January - February FUEL was selling for as high as $.43 to $.11. So $645,000.00 to $165,000.00 was probably netted. Conservatively splitting the difference, since we don't know at what point the Coin was liquidated we arrive at $400,000.00 in possible revenue on the sale.
There also appears to have been the liquidation of 250,000 POWR (Power Ledger) Coins. In January - February POWR was selling for as high as $1.90 to $.60. So $475,000.00 to $150,000.00 was probably netted. Conservatively splitting the difference, since we don't know at what point the Coin was liquidated we arrive at $380,000.00 in possible revenue on the sale.
There also appears to have been the liquidation of 24 BTC (Bitcoin) Coins. In January - February BTC was selling for as high as $17,000.00 to $.6200.00 So $408,000.00 to $148,000.00 was probably netted. Conservatively splitting the difference, since we don't know at what point the Coin was liquidated we arrive at $280,000.00 in possible revenue on the sale.
Ethereum has also been significantly accumulated Since December 31st. An additional 1276 Ethereum appeared on the books in the December 31st to February 28th time period. Additionally, on March 6th DigitalX announced in an ASX ANN (PR) that they had already been compensated in the Shivom consultation deal with $500,000 Ethereum. Ethereum was selling for $781.00 on March 6th so $500,000 / 781 = 640 ETH coins netted.
This is an increase of about 1916 ETH since December 31st. 1916 * $600.00 (todays very depressed spot price) = $1,149,000.00
So conservatively netting the following:
AGI $2,750,000.00
FUEL $400,000.00
POWR $380,000.00
BTC $278,000.00
ETH $1,449,000
Total cash revenue on coins if conservatively calculated without Ethereum gains we see possible revenue = $5,257,000.00. USD
With Ethereum gains added at today's spot price of $600.00 we see a total possible revenue of $6,700,000.00 USD
Not calculated here are revenues from AirPocket, market maker activity, or any of the multiple consulting gigs DigitalX is currently engaged in. In the Half Year report Digital X reported that 40% of their revenue was generated via consulting. I am not entirely clear on how to factor this data as it is still nebulous in my mind. However, it is clear there will be significant revenue in the quarter in addition to the possible Coin revenue numbers I have calculated here.
The revenue numbers could, and likely will higher than my calculations, but they will be offset by whatever the value is of the remaining Coin portfolio is on March 31st (the end of the current quarter) as compared with the December 31st Coin portfolio value . We are currently in a depressed market so this will certainly be a drag on the DigitalX overall Coin position. This again will be offset in some way by the revenues I have not tried to calculate due to a lack of data.
Based solely on this information and DigitalX's estimated operating costs as reported in the December 2017 Quarterly report for the upcoming 3rd quarter of something in the range of $573,000. We could be looking at some surging profits for the quarter of something north of $6,000,000 USD. This would be a huge jump as compared with quarter to quarter and year to year results.
IMHO this will put DigitalX in a good position to profitably weather the current market downturn and position the stock for some explosive growth in its price per share in the fourth quarter as the market recovers.
All IMHO. Please do not base any purchase or sell decisions based on my amateur analytics. There are many variables and assumptions that could radically alter the actual outcomes and accuracy of this analysis.
In the words of Fit50, "Happy to HODL!"
I have overstated the number of AGI received in the quarter.
Update with corrections to follow.
Thanks Tic!
I think the four of us regulars make a pretty dang good little board.
More warm thoughts to carry us through Crypto-consolidation
It appears 1,500,000 FUEL Coins (Etherparty) were liquidated. In January - February FUEL was selling for as high as $.43 to $.11. So $645,000.00 to $165,000.00 was probably netted. Conservatively splitting the difference, since we don't know at what point the Coin was liquidated we arrive at $400,000.00 in possible revenue on the sale.
There also appears to have been the liquidation of 250,000 POWR (Power Ledger) Coins. In January - February POWR was selling for as high as $1.90 to $.60. So $475,000.00 to $150,000.00 was probably netted. Conservatively splitting the difference, since we don't know at what point the Coin was liquidated we arrive at $380,000.00 in possible revenue on the sale.
There also appears to have been the liquidation of 24 BTC (Bitcoin) Coins. In January - February BTC was selling for as high as $17,000.00 to $.6200.00 So $408,000.00 to $148,000.00 was probably netted. Conservatively splitting the difference, since we don't know at what point the Coin was liquidated we arrive at $280,000.00 in possible revenue on the sale.
Ethereum has also been significantly accumulated Since December 31st. An additional 1276 Ethereum appeared on the books in the December 31st to February 28th time period. Additionally, on March 6th DigitalX announced in an ASX ANN (PR) that they had already been compensated in the Shivom consultation deal with $500,000 Ethereum. Ethereum was selling for $781.00 on March 6th so $500,000 / 781 = 640 ETH coins netted.
This is an increase of about 1916 ETH since December 31st. 1916 * $600.00 (todays very depressed spot price) = $1,149,000.00
So conservatively netting the following:
AGI $5,500,000.00
FUEL $400,000.00
POWR $380,000.00
BTC $278,000.00
ETH $1,449,000
Total conservatively calculated without Ethereum gains we see possible revenue = $6,558,000.00. USD
With Ethereum gains added at today's spot price of $600.00 we see a total possible revenue of $8,000,000.00 USD
This number could be much higher, but it will be offset by whatever the value of the remaining portfolio is on March 31st (the end of the current quarter) as compared with the December 31st Coin portfolio value . We are currently in a depressed market so this will certainly be a drag on the DigitalX overall position. But, I expect revenues to be off the hook. All in all I expect a dynamic third quarter result for DigitalX.
All IMHO. This is amateur analysis so don't buy anything based on my whacked out assumptions!
Happy to HODL with you guys.
Warm thought on this not so hot crypto-day.
While updating the edit box last night, and building the Coin table, I reread the ASX Half Year report.
The report tells us DigitalX holds about 2,232,000 AGI coin as of 28 February. Looking back at previous ANNs on the ASX (PRs), DigitalX announced it would be compensated with about 8,000,000 AGI coins for consulting and development services rendered working on AGI (SingularityNet). This indicates that about 5,500,000 AGI Coins were liquidated. So if the coins were sold at a dollar or higher in early February, This is in line with Leigh Travers stated portfolio strategy (Travers Nugget Interview) of selling the majority of coins received as soon as they are liquid.
So if the AGI was sold at $1.00 or higher we are looking at a possible gross of $5,500,000 or more on this engagement alone.
Based on this logic, their third quarter could easily be even better than the entire first half of the year.
This is all adding up to a huge explosion once the general market place conditions reverse, and they will reverse. These guys are the industry leaders in a new and disruptive market.
Like Fit50 always says, Happy to HODL!
Good articles Tic.
Thanks for checking it out for me, I didn't like the jumbled mess I had created.
If we were in a different environment DigitalX would be booming upward.
Yes Amazon deciding to play would be a game changer indeed.
If you need any proof that DigitalX is directly correlating Bitcoin right now take a look at the ticker on the ASX. Were down 8% in sympathy with Bitcoin.
So for now we wait for the sonic b00m to catch up with the rocket that is DigitalX.
Good evening guys. I updated the edit box.
Please take a look and let me know if you think anything should be changed or edited.
I think I fixed the wacked out view when you are using a small screen and I created a table for the DigitalX Coin Portfolio section. Also updated the news notes at the bottom.
Chat at you in the morning.
Good morning gang Lolol, I’m ready to coin!
Thanks Fit50! I like our direction!
I can't wait to see how Malware spins this one over on HC LOLOL.
Yep its a mess Dude.
I got so excited I spilled my coffee!
Above all I'm glad the Tic's ticker is working like it should!
LOL don't need the MPs looking for me!
I agree, sit back and let her ride.
Present and accounted for!
Trying to catch up on all this good reading.
All of you guys are just a well spring of good DD and research.
Great stuff!
Lets see if that volume stays ramped up today. That 50K buy at .22 was awesome!. Congrats on the grab at .16 TLSMD. The way this trades in the US is unusual to me. There is no level 2, and no obvious market makers trading. It will get screwed up soon enough I suppose.....
I like the way you think Tic.
That pretty much seems like it is the way it will go. If it goes that way we are in a pretty good spot I would think.
Interesting article. Square is a huge success story this last year and is moving in some cool plays, including Bitcoin.
I will watch Shiftpixy with interest as well.
Yes, this is home and I am just a nut in the family tree.....
No I haven't Tlsmd. Be careful
There are a lot of phishing schemes out there. I just delete any unsolicited emails without so much as opening them.
Consecutive drop for 4th day between 8:00-9:00 Pacific
https://twitter.com/Andy_Hoffman_CG/status/972535335593787392
Exactly Fit50, spot on the money, culprit found!!!!
Crypto_Crash My Aching_#ss. Mt_Gox Echos From the Grave!
Friends:
The culprit of this "Crypto Crash" as Tic and now Fit50 have pointed out earlier is still afoot. There has been massive dumping in programed and regular intervals this last week and it seems they have been at it for months now. See the links below;
https://twitter.com/Andy_Hoffman_CG/status/972149866192191488
https://www.zerohedge.com/news/2018-03-09/its-1130et-do-you-know-where-your-crypto-crash
Our true culprit has been sniffed out by Tic! The Mt. Gox Trustee is continuing to dump on the market massive amounts of coin.
The Good news is they will run out of Coin. There is nothing fundamentally wrong with Bitcoin and it will spring back when this ends.
The Bad news is he might keep dumping them like this, driving the market down artificially, which would not drive the Coin to the toilet for now.
The Ugly news is he has more than a billion with a capitol "B" worth of Coin still.
The Good, the Bad and the Ugly, no pun intended
However, there is the possibility that rather than dumping the rest like he has, he may auction them in OTC block sales, there is lots of interest and the Trustee office is no doubt fielding calls I am sure, with lots of whales looking to feed. This makes much more sense as a price can be set and the Trustee makes more money, because the price of the coin is not driven down as when as has been the case, the coin is simply dumped. We shall see what transpires.
This really has little to do with the SEC, Bitfinex, Technicals, Fundamentals, Chinese New Year, or Moon phases. It is simply being driven by the Mt. Gox Trustee dumping hundreds of millions worth of Coin on the Market in order to pay off the huge settlements levied against Mt. Gox.
This definitely explains the crazy drops in Coin price that appear from no where.
This too shall pass. Good times ahead!
Keep Calm and HODL On!
All IMHO, GLTA!
Good one Tic, I am familiar with the area.
Thanks Fit50 Great interview with Mr. Lee.
It is great to have you on the board, you bring a lot of great DD.
Australia, truly in my opinion is leading the charge here. DigitalX is at the tip of the spear.
I noticed DigitalX is in the center of the Logos on the banner behind Mr. Lee, with the other logos of ACX, Blockchain Global and IBM. The interweaving of connections and companies is hinted at there.
Sam Lee and Leigh Travers both seem to really understand that this play must be based on real business models. This seems a key part of their success to date.
I am bullish on our prospects.
Great DD thanks for the link my friend.
That is good intel Tic! I agree TLSMD.
Yes, that started it Tic and following that we have recovered to near 12K twice and on those days we approached $12K, at between 2:00 and 3:00, Pacific there have been large selloffs that drive us back to around 9K. It may not have driven us this far back this time, but the FUD about regulation and rumors about Binance being hacked finished the job. This is all the territory of swing traders. Now is a good buy point for Bitcoin IMHO!
Our plays in the sector continue to react accordingly. All part of the gig IMHO.
Hey GetGoingGood, read it in the company publication here from Semper's post #5838.
https://glance.tech/wp-content/uploads/2018/01/GlanceTechnologies-1803.pdf
I dig it Tic! Thanks for the invite!
I will start some DD on this one.
Thanks again.
Nothing like wading in getting your feet wet to learn the lay of the land. Your doing great DD Tic! I will check out the new forum.
Huge news, shout this out in a PR!
This is a game changer for their future value IMHO. Patented wireless payment and anti-fraud technology that has not yet been breached.
•CA Patent 2692884 and US Patent 15/471,303: Wireless system and methods for bill payment
•US Patent 62/559,952: Wireless systems and methods for online payments
•US Patent 62/472,288: Wireless systems and methods for bill payment using short distance positioning systems
These patents potentially portend deals in verticals we could not predict or until now foresee. Think of any retail space that struggles with fraud, here is a space Glance has a potential solution.
I continue to be bullish on this companies prospects.
Good morning guys. I agree Tlsmd most wholeheartedly, to top the FUD off there was a breach of a BOT trading program used on Binance. It is not a Binance program, but an aftermarket add on so to speak. Users of the program had some of their assets sold, but because Binance has two part authentication for withdrawals, no one actually lost anything out of their accounts. So basically some portfolios were scrambled around.
All good FUD indeed.
Great article Tic! This thing is not going to evaporate, but there will be growing pains we have to deal with I think.
Yes, a regulatory frame work is bullish news in the long run. I agree, when the framework is in place much more money will pour into this asset class and our DigitalX is positioned as a leader in the new industry. This is actually very good news for us.
All IMHO.
Have a great day crew.
Great analysis Fit50
The projects in the pipeline are fantastic. So much potential and the year has barely started. I agree about the price action. If you compare any real blockchain play (real products, generating revenue) with a Bitcoin chart it leaps out that they move together.
Bottom line, the fantastic biannual report and all of these projects in the pipeline are like money in the bank. The upward pressure will burst out at some point as Bitcoin begins to move and up, up, up we go.
I want to be in your squad when we take France.