Notes for new investors12 Nov 2021 09:43
The company is looking to become the first regulated exchange dealing with the trading of securities using crypto currency. The company recently issued news informing that they have the option to purchase 80% of the Gibraltar stock exchange. This will form the basis of the exchange that will be bridged to the crypto world. The process is to tokenise securities and host them on an exchange which would allow an investor to buy that security and sell it converting either to fiat or crypto. A Revolution to the current financial world. We can go further as to how they do this with map and gate tech but that might be too much info right now.
With regard to investment case, the company has low dilution of around 73millon shares with a sizeable amount in sticky hands meaning low freefloat. The mcap is around 30m ish which is low for the potential valuation of the gsx in its own right on 12.8m revenue, without crypto. At the helm we have Patrick young who has a wealth of experience setting up and running an exchange, plus we have Hassans who are world leaders in blockchain/ crypto regulations and Richard Poulden who is an experienced lawyer.