So looking at their AIF we had audited $502,539 cash on hand December 31, 2017. $578,632 cash on had unaudited on March 30th, 2017. Just looking at these numbers one would think we lost money. Looking at the last financial report we had $18,102 September 30, 2017. So this would lead one to concur that we made $484,437 from September 30, 2017- December 31, 2017. From the 9 month spend of January 1, 2017-Septmber 30, 2017 we had a net operations loss of $384,713. This due to paying the salary to Brad Moynes of $60,000 and Tyrone Dochetry $10,000. Totaling 70k of the loss, $43,193 was due to accounting/auditing, $108,094 consulting expense, $9,458 for management fees, $60,782 was project development (I'm assuming this was app development). Dochetry owns 250,000 shares and Moybes owns 22,504,000 shares, these two together own almost half of the company. (I'd say this is the reason for our such low float). With them owning so much of the company it is very much in their interest to increase the share price of this company as they are not very well compensated other wise.
Also on the top of the last audited financials we have only $813,732 of debt. Most of this debt has been paid for by the issuance of shares which has lead us to our amount of 45,159,650 shares. If I have made my calculations correct making a profit of $484,437 in the last quarter this would put us at a P/E ratio of a gain of .01$/share as opposed to our loss of .008$/share from January 1, 2017- September 30, 2017. We will see the exact numbers when the financials come out. This combined with the increasingly bullish signs bitcoin is putting out we could have a wild ride coming for us with us sitting on a potential gold mine. I have a price of 15000 on BTC by the end of Q3 2018. All of this is speculation based on the numbers laid out, but from what I see we have made some money in Q4 2017. Anything I have messed up please let me know, I have found all documents on sedar.com and searching for digatrade, I encourage all of you to do the same as we anxiously await the audited financials to be released. I honestly wouldn't be surprised if they request the 10 day extension, especially with the sec being up everything labeled cryptos/blockchains ass, ensuring these are exact is imperative as I know they are just waiting to slap anything in this sector with fines and regulations. This analysis is why I continue to add to my position, but these are just my opinions, so you own homework, can't blame me if you lose money or miss out on making money ;). GLTA but I'm a bull on this one, I hope im right.
