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Re: None

Tuesday, 02/27/2018 9:53:08 PM

Tuesday, February 27, 2018 9:53:08 PM

Post# of 42940
I did some searching trying to see what kind of money poloniex has been making to get them to this 400m buyout bid. I couldn't find their 2017 earnings but I did however find that they made 60m in the three crypto crazy months. Assuming this was highly larger than the rest of their monthly profits one would think maybe they are making 5-10m per month going on modest assumptions. So this would put them around 105-150m for last year. Also if you search they aren't in the top 40 list on Google that I could find. The circle group paid 400m for this company placing it around 4x their earnings depending on what they actually were. Now poloniex does have an app but it is difficult to find. The circle group has labeled them as the 14th largest 24 hour exchange. Once we finally get our earnings in April it will be easy to get a more accurate valuation of where we are at.

If we used their valuation with our authorized shares that would place us in the 4$ range. Just making a guess here but could we have made around half of what poloniex brought in last year placing us around a 2$ pps valuation (just guessing but trying to be realistic).

Doing some research on the poloniex company early on they were plagued by poor customer service along with hacking. They had customers deposits disappearing as well as hackers coming in and taking their bitcoins. This isn't an issue that we have had yet that I am aware of. On poloniex they only offer btc, eth, xmr, and usdt. We offer more coins on our platform. Looking at the fees they use different percentages for the buyers and the sellers they also vary on the amount that you try to buy or sell the largest of which is 0.25%. Our fees are a flat rate and vary on market or limit orders from 3-6%. Meaning we should have a more dependable and predictabke cash flow amount.

Depending on what our earnings wind up being one could make a very bullish call on this stock as we have a the potential very large upside. This fares epically true as the big boys are showing interest in this field and are willing to pay upwards of 4x earnings at this early stage in the game.

Please share any insights that you have on this. Know this is only my thoughts and opinions just trying to get some insights on the upcoming earnings release.