Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

DIGITALX LIMITED Investor Presentation 2017

Aug 15, 2017

64762_rns_2017-08-15_ed69decb-afe6-4e63-8dc2-9aa40145715c.pdf

Investor Presentation

Open in viewer

Opens in your device viewer

==> picture [125 x 43] intentionally omitted <==

==> picture [130 x 29] intentionally omitted <==

ASX ANNOUNCEMENT

16 August 2017

DigitalX Company Presentation

DigitalX Limited (ASX:DCC) ( DigitalX and the Company ) is pleased to provide the attached Company presentation and update for shareholders.

The presentation provides an update on DigitalX’s current business activities and outlines DigitalX’s strategy and focus moving forward. As outlined in the presentation, DigitalX continues to focus on creating value for shareholders through its AirPocket remittance app and API, and continues to build its presence as a valued consultant in the Blockchain space. In addition, the Company is growing opportunities in the token sale (also known as ‘ICOs’) market. More information is contained in the presentation attached.

On an administrative level:

  • (a) DigitalX has implemented a minority holder sale process. Based on the share price as at 11 August 2017, the Company had approximately 2,096 minority shareholders (holding a parcel of shares of less than $500 based on a share price of 3.3 cents) out of a total of approximately 3,100 shareholders. Information on that process is outlined in our announcement on 11 August 2017; and

  • (b) as approved by shareholders at the Annual General Meeting on 30 November 2016 and having met the tenure milestone related to the issue (as at 25 July 2017), the Company’s CEO, Leigh Travers is entitled to receive 500,000 shares in the Company. These shares will be issued in the coming days.

Please refer to the below presentation for further details. DigitalX looks forward to providing further updates as it executes on its strategy.

-ENDS-

For further information, please contact:

DigitalX Limited

Leigh Travers Chief Executive Officer T: +61 439 376 847

About DigitalX Limited

DigitalX is a Blockchain Technology Company based out of Perth and New York. Partners can use DigitalX’s Blockchain technology expertise to deliver innovative products to global markets.

Shareholder Update | August 2017

Important Disclaimer

This Document and the information contained herein and any presentation (collectively referred to as “Information”) is proprietary to DigitalX Limited (“the Company”).

This Document is intended to provide general background on the Company. It is not a disclosure document and is not intended as an offer, invitation, solicitation or recommendation with respect to any potential transaction.

Securities of micro cap companies, typically involve a high degree of risk and as such, any investment in the Company must be considered as purely speculative. The Information in this presentation does not purport to cover all relevant information about any potential investment in the Company. Accordingly potential investors are advised to seek appropriate independent advice, if necessary, to determine the suitability of this investment. You should not solely act in reliance on the material in this presentation.This presentation does not purport to be all inclusive or to contain all information which its recipients require in order to make an informed assessment of the Company’s prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy or completeness of the information, statements, and opinions contained in this presentation before deciding whether to make an investment into the Company.

The Document contains reference to certain intentions, expectations and plans of the Company. Those intentions, expectations and plans may or may not be achieved. They are based on certain assumptions which may not be met or on which views may differ. The performance and operations of the Company may be influenced by a number of factors, many of which are outside the control of the Company. No representation or warranty, express or implied, is made by the Company or any of their respective directors, employees, agents, advisers and consultants that any intentions, expectations or plans will be achieved either totally or partially or within a prescribed timeframe or that any particular rate of return will be achieved. The information disclosed relates to the proposed business of the Company at the date of this Document. Material information may have changed since the date the Document was compiled. No responsibility is accepted to advise any person of any change or update any of the Information. Neither the provision of this Document nor any information contained in this Document or subsequently communicated to any person in connection with this Document is, or should be taken as, constituting the giving of investment advice to any person. By accepting this Document you acknowledge and agree to be bound by each of the foregoing statements.

==> picture [310 x 61] intentionally omitted <==

----- Start of picture text -----

Company History
----- End of picture text -----

==> picture [130 x 44] intentionally omitted <==

DigitalX Ltd is an early mover in the Blockchain technology industry

==> picture [77 x 54] intentionally omitted <==

----- Start of picture text -----

2014
----- End of picture text -----

==> picture [52 x 65] intentionally omitted <==

DigitalX commences trading on ASX as a Bitcoin Miner

DigitalX operates Bitcoin mining and 2015 Bitcoin trading desk

==> picture [52 x 74] intentionally omitted <==

DigitalX prioritises development of AirPocket and closing of Bitcoin 2016 trading desk Q3 - Management changes announced at AGM

Q1 - AirPocket launches 2017 Q2 - DigitalX announces investment by BGL

==> picture [720 x 7] intentionally omitted <==

==> picture [217 x 61] intentionally omitted <==

----- Start of picture text -----

DigitalX Focus
----- End of picture text -----

==> picture [130 x 44] intentionally omitted <==

==> picture [10 x 11] intentionally omitted <==

DigitalX owns significant software assets, has Blockchain technical expertise and has an industry network built up throughout its years of operations

==> picture [10 x 11] intentionally omitted <==

DigitalX seeks to be a multi-faceted business operating in the digital currency and Blockchain space seeking stable sources of income for shareholders through the leverage of its expertise and technical capabilities generated since its inception

==> picture [10 x 10] intentionally omitted <==

DigitalX is building its business strategy by seeking to utilise its technical expertise and network to focus on three core business areas:

==> picture [10 x 11] intentionally omitted <==

– AirPocket DigitalX built the first Blockchain-enhanced remittance Application, AirPocket;

==> picture [10 x 10] intentionally omitted <==

– Blockchain consulting DigitalX continues to be a leader in the understanding and use of Blockchain technology; and

==> picture [10 x 11] intentionally omitted <==

– ICO consulting services building on the experience and expertise gained from mining, trading, and development of Blockchain based products, DigitalX seeks to offer consulting services in the fast growing Initial Coin Offering (ICO) market.

==> picture [720 x 7] intentionally omitted <==

==> picture [250 x 164] intentionally omitted <==

==> picture [204 x 31] intentionally omitted <==

AirPocket was the first Blockchain-enhanced mobile remittance application and it offers US AirPocket users the ability to make low-cost international money transfers to 14 countries across Latin America

==> picture [10 x 11] intentionally omitted <==

==> picture [145 x 267] intentionally omitted <==

AirPocket launched in February 2017 as a secure and innovative remittance App utilising Blockchain technology to store users transactions and to allow users to share their credit histories

==> picture [10 x 11] intentionally omitted <==

At the Remittance Technology Awards, held during the 2017 ’Global Forum on Remittances, Investment and Development’ in New York, AirPocket received the ’Remittances & Financial Inclusion Award’

==> picture [10 x 11] intentionally omitted <==

Following the launch and a lower than expected takeup of AirPocket the focus of monetisation has shifted from consumer marketing towards finding partners for AirPocket with regional experience and a ready-made customer base

==> picture [10 x 11] intentionally omitted <==

==> picture [720 x 7] intentionally omitted <==

==> picture [393 x 61] intentionally omitted <==

----- Start of picture text -----

Blockchain Consulting Services
----- End of picture text -----

==> picture [130 x 44] intentionally omitted <==

==> picture [10 x 11] intentionally omitted <==

Blockchain, has been one of the most spoken about emerging technologies however the execution of Blockchain based solutions remains in its infancy.

==> picture [10 x 10] intentionally omitted <==

DigitalX has a strong core team of Blockchain experienced professionals and since April 2017 has begun offering Blockchain consulting services to businesses. Initially, the Company has been working with Lateral Communications to source clients and opportunities in this area.

==> picture [10 x 11] intentionally omitted <==

DigitalX has reasonable expectations that the market for consulting on Blockchain products and services will continue to grow as the understanding of its benefits and potential uses grows, with revenue to be generated from fees charged for access to DigitalX’s expertise and solutions developed for clients.

==> picture [10 x 11] intentionally omitted <==

DigitalX is currently involved in a number of projects which may lead to revenue generation through a diverse range of projects in areas including supply chain, digital currency exchange, conservation, automated teller machines and funds management, showing the variability of Blockchain technology.

==> picture [720 x 7] intentionally omitted <==

==> picture [183 x 61] intentionally omitted <==

----- Start of picture text -----

ICO Services
----- End of picture text -----

==> picture [130 x 45] intentionally omitted <==

==> picture [10 x 11] intentionally omitted <==

Over US$1.6 billion has been raised around the world through token sales, otherwise referred to as . ‘ICOs’ in 2017 with the overall cryptocurrency market capitalisation breaking through $100 billion[1]

==> picture [10 x 11] intentionally omitted <==

Utilising our experience in being able to deliver Blockchain based products (AirPocket) and building on our experience and expertise in the mining, trading and development of cryptocurrency products, the Company believes it is well placed to be a trusted adviser to entities looking to conduct token sales. DigitalX’s services can be broken down into:

==> picture [43 x 43] intentionally omitted <==

Technical due diligence

==> picture [44 x 44] intentionally omitted <==

==> picture [47 x 47] intentionally omitted <==

Promotional activities Introduction to our network

==> picture [10 x 11] intentionally omitted <==

– Due diligence the ability to assess and review products seeking to raise funds through token sales.

==> picture [10 x 11] intentionally omitted <==

– Promotional activities the ability to promote token sales to parties looking to participate in the growth of companies in the token sale space.

==> picture [10 x 11] intentionally omitted <==

– Network introductions through partnerships and relationships, including with Blockchain Global Limited, we have the ability to introduce companies seeking to raise funds through token sales into a growing market network.

  • 1 https://www.coindesk.com/1-6-billion-all-time-ico-funding-climbs-as-record-500-million-invested-in-july/

==> picture [720 x 7] intentionally omitted <==

==> picture [384 x 61] intentionally omitted <==

----- Start of picture text -----

ICO Services – continued…
----- End of picture text -----

==> picture [130 x 45] intentionally omitted <==

==> picture [10 x 10] intentionally omitted <==

  • The Company has already been approached to provide services on token sales being undertaken by entities developing products in the Esports, advertising, decentralised computing and AI/Robotics industries.

==> picture [10 x 11] intentionally omitted <==

  • The Company believes it can generate revenue through providing advisory services. When DigitalX is the lead advisor, the Company expects to receive a percentage fee of the total funds raised in liquid digital currency (ETH/BTC) plus a promoters percentage fee of free tokens native to the ICO. The typical timeline for projects is 4 months from whitepaper to launch.

==> picture [10 x 11] intentionally omitted <==

In addition, given its experience and place as the only listed digital currency company in Australia, DigitalX is well placed to be involved in discussions on public policy and regulation of this new and growing market.

==> picture [10 x 10] intentionally omitted <==

  • DigitalX can bring a number of key aspects to ICO’s including advisors, introductions to cryptocurrency investors and our in house technical experts.

==> picture [60 x 60] intentionally omitted <==

ADVISORS

==> picture [69 x 69] intentionally omitted <==

INTRODUCTIONS TO CRYPTOCURRENCY INVESTORS

==> picture [78 x 78] intentionally omitted <==

PUBLIC POLICY ADVICE

==> picture [78 x 79] intentionally omitted <==

TECHNICAL EXPERTS

==> picture [720 x 7] intentionally omitted <==

==> picture [485 x 61] intentionally omitted <==

----- Start of picture text -----

Upcoming matters – shareholder meeting
----- End of picture text -----

==> picture [130 x 44] intentionally omitted <==

==> picture [10 x 11] intentionally omitted <==

– 25 August 2017 a general meeting has been convened to consider a number of resolutions relating to the future of the Company including the ratification of previous issues of securities and the approval for an investment of AU$4.35m from Blockchain Global Limited (BGL).

==> picture [10 x 11] intentionally omitted <==

BGL has the right to place up to approximately 50% of its commitment to other parties. All shareholders should read the Notice of Meeting and accompanying Independent Expert’s Report announced to ASX on 26 July 2017.

==> picture [10 x 10] intentionally omitted <==

The Independent Expert has concluded that the investment by BGL is both “fair and reasonable” to non-associated shareholders.

==> picture [10 x 11] intentionally omitted <==

BGL will become a cornerstone shareholder of the Company.

==> picture [10 x 11] intentionally omitted <==

  • BGL will also nominate two new Directors to the Board of the Company, including a new non Executive Chair, replacing Interim Chair, Toby Hicks.

The Board considers that if all resolutions are approved, the incoming capital and the new Directors will enable the Company to execute its strategic direction and drive growth and opportunity for shareholders.

==> picture [720 x 7] intentionally omitted <==

==> picture [549 x 61] intentionally omitted <==

----- Start of picture text -----

Stock Matrix – Assuming Approval of all resolutions
----- End of picture text -----

==> picture [130 x 44] intentionally omitted <==

Shares on Issue (approximates)

Market Cap as at 11 August 2017 @ 3.3c

365m shares 23m options 8c ex Feb 2018 117m options 3.24c ex March 2018+ $12m (undiluted) 46m shares to be issued on conversion of convertible notes Volume- 3 Month Average (no.)

6 Month Closing Price Range 2¢ - 5¢

~4m

==> picture [295 x 38] intentionally omitted <==

DigitalX Ltd (DCC:ASX) 6 Month Chart

==> picture [570 x 238] intentionally omitted <==

==> picture [720 x 7] intentionally omitted <==

==> picture [262 x 61] intentionally omitted <==

----- Start of picture text -----

Senior Management
----- End of picture text -----

==> picture [130 x 44] intentionally omitted <==

Leigh Travers Managing Director

==> picture [155 x 5] intentionally omitted <==

Mr. Travers is Vice Chairman of the Australian Digital Commerce Association (ADCA) and Chair of the Initial Coin Offering (ICO) Industry Working Group. Mr. Travers served seven years at a boutique Wealth Management firm as an Investment Advisor and Designated Trading Representative (DTR). He holds a Bachelor of Commerce and Communications from the University of Western Australia and Fintech Certification from MIT.

Neel Krishnan President

==> picture [155 x 4] intentionally omitted <==

Mr. Krishnan has extensive experience within capital markets and in designing and creating trading software. He worked as a researcher on capital markets and financial intermediation at the Federal Reserve Bank of New York for Bank president Tim Geithner. Mr. Krishnan then moved into the hedge fund industry, developing risk analytics platforms and algorithmic trading solutions focused on commodities and equities. Mr. Krishnan holds a masters in political science from MIT and bachelor’s in Economics and Anthropology at Columbia University.

Mike Segal Chief Technology Officer

==> picture [154 x 5] intentionally omitted <==

Mr. Segal is an expert in cryptography and machine learning and has worked on a diverse set of problems including weather prediction, consensus protocols, and mesh networking at several Boston and San Francisco-based companies. Mr. Segal became interested in distributed consensus systems in 2010 and was a founding member of the first weekly Bitcoin discussion group in the world, which still meets today in New Hampshire. Mr. Segal studied math and physics at the University of Florida, where he founded the Applied Cryptography Group and worked on formulating algorithms for quantum cryptography.

Scott Benson Compliance

==> picture [154 x 4] intentionally omitted <==

Mr. Benson is a highly seasoned Regulatory Compliance Specialist, with extensive experience in building and managing compliance programs. Mr. Benson’s experience includes as Director of Regulatory Compliance for Bitnet Technologies, Senior Manager with Citigroup's AML Operations and various senior compliance roles at firms such as Merrill Lync, RBC and MetLife including time as a regulator with FINRA. Mr. Benson serves as an advisor to FinTech companies via Startup Bootcamp and member of the Association of Certified Anti-Money Laundering Specialists and Association of Certified Fraud Examiners (ACFE) and has accrued various securities industry designations via FINRA.

==> picture [720 x 7] intentionally omitted <==

==> picture [251 x 61] intentionally omitted <==

----- Start of picture text -----

Company Contacts
----- End of picture text -----

==> picture [130 x 44] intentionally omitted <==

==> picture [585 x 32] intentionally omitted <==

----- Start of picture text -----

For further information please contact:
----- End of picture text -----

Leigh Travers Chief Executive Officer Mobile: +61 439 376 847 Email: [email protected]

Neel Krishnan President Cell: +1 917 863 8320 Email: [email protected]

==> picture [720 x 7] intentionally omitted <==