$OLB Group Initiates Execution of Authorized Stock Buyback Program Up to One Million Shares
Taking advantage of tax loss selling in a big way. No debt and on the cusp of cash flow positive with huge revenue growth.
• No corporate debt as of September 30, 2022 • Projects positive cash flow by end of 2022 • $2.3 million cash on hand as of September 30, 2022 • Insider Common Share Ownership of Approximately 32% • Revenue sources (eCommerce merchant services diversified by geograhy and industry and growing Bitcoin mining operations) • 98% of revenue earned from profitable eCommerce operations • Annualized revenue run rate at over $32 Million vs. 2021 revenue of $9.6 Million • As of December 3, 2022, company market valuation less than $12.5 Million and Price to Sales Ratio of 0.248 (based on projected revenues of $32 Million for 2022) • Increase in revenues projected from organic growth, acquisitions, new initiatives in cryptocurrency payments and Bitcoin mining • eCommerce and Bitcoin mining annualized revenue run rate projected to be $32 million by the end of 2022 • Recently announced strategic relationship with Cuentas, Inc. (Nasdaq: CUEN)