Topic: How To Invest

Hi, Pat. Could I please have your sage advice on Vogogo Inc.? Regards

Article Excerpt

Vogogo Inc., $0.81, symbol VGO on Toronto (Shares outstanding: 35.0 million; Market cap: $35.5 million; www.vogogo.com), makes software that helps financial firms and merchants process electronic payments that use cryptocurrencies like bitcoin. Its products aim to cut fraud and make it easier for bitcoin transactions to comply with banking regulations. Bitcoin is a digital currency invented in 2009 by Satoshi Nakamoto (possibly a real person, possibly a pseudonym for one or more hackers). It isn’t the first digital currency, but Nakamoto’s innovation was to use math-heavy coding techniques that allow bitcoins to be exchanged without the need for a central authority or a physical standard, like gold, to deter counterfeiters and regulate the supply. Right now, supply is limited to about 12.2 million bitcoins. Vogogo first sold shares to the public and began trading on Toronto in September 2014 at $0.75. It shot up to more than $4.50 a little more than a year ago, in response to the bitcoin craze underway…