Yesterday Bitcoin thumped its chest, had a nap, woke up, felt sad, became incontinent and then got an erection.
It was a day of many moods.
At one point, Bitcoin gained $1,000 in an hour.
Financial pundits admitted that “the direct cause of the sudden surge is a mystery” although there was speculation that cryptocurrency short trades were being unwound and “momentum digital currency traders” drove the price of Bitcoin up.
According to Coindesk, Bitcoin reached a two-week high of $8,035 at 6:35 a.m. Then it fell back down. Then it rose even higher. As the time of this writing, it’s $8,164.
Ethereum also rose more than 7% to $462.13, Bitcoin Cash was at 710, up 7%. Ripple was up 6.5%.
Calyx Ventures (CYX.V) had an even better day.
The stock surged 26% to .12 on 970,000 shares traded.
Calyx is less gimmicky and more substantial than most blockchain companies.
The company is in the trenches, operating a software development business for innovative enterprises and start-ups.
Calyx also owns a portfolio of proprietary intellectual property with applications in crop enhancement, as well as messaging software assets.
On February 26, 2018 Calyx provided an update on the development status of its Canadian Cannabis Exchange Platform.
Calyx is on schedule and on budget in building out its commercial platform which when completed will facilitate mass commercial cannabis and derivative transactions in an orderly market-based fashion.
“As the cannabis landscape matures, the necessity for an independent fluid marketplace is becoming increasingly more apparent,” explained CEO Roger Forde, “To this end we are building an infrastructure to allow for current and future Licensed Producers to get their product to both foreign and domestic markets quickly, efficiently and affordably.”
CYX’s software is modelled on tech currently being used in the Canadian agricultural marketplace. The system will use a distributed ledger to control and track contracts and transactions.
Calyx has other irons in the fire.
As Chris Parry reported, Calyx “acquired and successfully completed the installation and setup of its first cryptocurrency-mining and blockchain-data-validation operation in Kamloops, B.C.
This is the second phase of the company’s objective to integrate a general cryptocurrency-mining facility and distributed-computing platform into the company’s existing blockchain business model.
This additional computing and hash power will allow Canada Blockchain to immediately generate additional revenues and significantly enhance the company’s ability to support the expansion of its private blockchain ecosystem.”
“Blockchain technology is naturally suited to marketplace applications,” stated Ford, “This particular market has a need for transaction verification and transparency, so we feel that building the platform around a blockchain ledger will give it traction with both market participants and regulatory authorities.”
When you take a company public, you have two jobs: 1. run the company, and 2. communicate with the markets.
In our opinion, Calyx is doing the first job better than the second.
Did you notice the generic image above?
That’s all we could find – because the company has no Power Point Presentation.
That’s a shame.
The company and the technology deserve more.
Yesterday Bitcoin had a shit fit.
Calyx kept its cool and moved steadily higher.
Full Disclosure: Calyx is an Equity Guru marketing client and we own stock.
Love the CYX story and I’ve bought into it. But as you mention they need some hand holding when it comes to telling the story and getting the market excited. Since they are Equity Guru’s marketing client and you guys are invested why don’t you offer to do up a Power Point Presentation? Not saying you have to do it for free but if this is a deficiency you’ve noted why not offer them the solution?
Jaxon, VERY reasonable comment, and I had to think before answering. We do a delicate dance at Equity Guru. The reason we have actual investors (like you) who pay attention to us, is that my boss Chris Parry has told the client companies, “You’re paying us to put you in the conversation – not to praise you.” He’s broken the long-standing model (if the client pays, the client controls the message). I don’t know how he did it – but he did. Producing Power Points is the work of internal communications staff, or Investor Relations (IR). If we start doing that work, it makes the dance more complicated. Because we are now defending our own work. The most useful thing we can do is tell them from our mountain top, “You’re falling short”, and let them sort it out.
thanks for the reply – I can see where you guys are walking a tight rope and have to be mindful of where you step. Hopefully Roger heeds your advice as it is well targeted. Sometimes identifying and adressing shortcomings can be a challenge for individuals and corporations. Those that treat them as opportunities to better themselves versus those that treat them as failings and reason to criticize seem to thrive longer term (good old Japanese attitude – kaizen).