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Emerging Tech stock to put on the watch list

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1 year 10 months ago #105 by moosf@shaw.ca
moosf@shaw.ca replied the topic: Emerging Tech stock to put on the watch list
Driver 3) is now in place, A relationship with a banking partner in the U.S. was announced with CBW bank, which will allow Vogogo to onboard existing and new clients into the U.S market for cryptocurrencies and traditional high risk verticals. CBW Bank was acquired in 2009 by its current management team, which includes ex-Google, ex-Yahoo and Wall Street executives.

It looks like Vogogo is now open for business in a meaningful way in the U.K, EU and the U.S. and probably ready to ramp up revenues in a meaningful way in 2016.

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1 year 11 months ago #66 by moosf@shaw.ca
moosf@shaw.ca replied the topic: Emerging Tech stock to put on the watch list
Driver 2) mentioned above has been announced today, VGO is now an authorized Electronic Money Institution (EMI) with the UK banking and financial regulator, the authorization extends to the broader European Economic Area (EEA), and they now have partnerships with four banks in the EU.

Their 3rd quarter financials and MD&A have just been released today and though they have little revenue in the 3rd quarter, they are well cashed up with about $12 million and there MD&A provides good background on their strong base for revenue ramp up this quarter and through 2016.

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2 years 6 days ago #44 by moosf@shaw.ca
moosf@shaw.ca replied the topic: Emerging Tech stock to put on the watch list
Thanks Ron,

Key Drivers to watch for to see if they execute before year end or shortly thereafter are as follows:

1) A deal with another high risk traditional processor equivalent or bigger than the current deal they just made, probably out of Europe ...this alone could potentially make them EBITDA positive by next year. Revenue from their last deal this month with Easy Payment Gateway could ramp up to generate close to half their burn rate (Burn rate is approximately $700k/month), and they also have other smaller and growing revenues.

2) Issuance of their EMI (electronic money licence) issued by the UK financial regulators in consort with their current banking EU bank relationship(s) ,allowing crypto to fiat throughput, which will allow them to roll out their platform with existing and new clients in the EU, and

3) A relationship with a banking partner or partners in the U.S. which would allow them to onboard existing and new clients into the U.S market for cryptocurrencies. The U.S. regulatory landscape is convoluted so this one could take longer depending on where they are in the process.... One of their board directors is currently on the board of The Silicon Valley Bank and Home Loan Bank of San Francisco, so one can join the dots.

These three drivers if executed in the next few months would be the big signal for a sustainable revenue ramp up.

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2 years 1 week ago #43 by RonS
RonS replied the topic: Emerging Tech stock to put on the watch list
I added a Topic for VGO in the Tech category

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2 years 1 week ago #28 by moosf@shaw.ca
moosf@shaw.ca created the topic: Emerging Tech stock to put on the watch list
Vogogo is an emerging tech stock on the Tsx Venture, which specializes in real time risk mitigation and payment processing for high risk financial verticals including companies and banks that have started to process digital currencies. Vogogo (VGO) has some real good value add if they can achieve their stated goals for the year end. The stock has been beaten up for a number of reasons, including initially overly exuberant timing predictions, and investor lack of understanding of the management teams talent and the industry they are in, however they are currently generating revenue and have a good chance of being EBITDA positive next year and also have a healthy cash balance...So a good one to look into and keep an eye on to see what develops. I do have some shares in it.

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