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Jarrod Wesson
Published on
October 18, 2017
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Today, we are bringing a new profile. It is called BTL GROUP LTD COM NPV (OTCMKTS:BTLLF), which is a blockchain technology developer targeting different sectors.What happened?In September and October, BTLLF announced many changes that seemed to be appreciated by the market; a new CEO was elected, and a new version of the company's blockchain platform “Interbit” was launched. Additionally, a new quarterly earnings report for the period ended June 30, 2017, was released.As a result of the news, the stock price increased in September and October. The share price went from trading close to $2.5 to hit recently the $4 share price level. For those who need a calculator, that is a 60% stock return. Have a look at it and form your own opinion before we provide more details: 1 year chart for BTLLFBusinessBTL Group Ltd. is a Canadian company incorporated on March 28, 2011. It is headquartered in Vancouver, having offices in Calgary and London, England. The company is an enterprise technology platform provider developing Interbit; a proprietary private blockchain. Have a look at the following video to understand what is Interbit:Have a look at the following video to understand what is Interbit:

SourceAccording to the company's website, Interbit’s blockchain architecture was designed focusing on maintaining privacy, scalability, and security. This strategy helps satisfy the demands of enterprise clients and avoid third-party integrators that may compromise the security and privacy of the network. Interbit networkRecent DevelopmentsOn August 29, 2017, the last quarterly earnings release was released. We appreciated it seeing that the company is already generating revenues; CAD$43,244 for the six months ended June 30, 2017. Like other technology start-ups, the company is not yet reporting positive net income. However, the potential of the technology developed by the company and, most importantly, its clients noted in the report is the key on this name:

  • BP, ENI, and Wien Energie GmbH, Austria’s largest regional energy company
  • Visa Europe
  • SAS in Europe

Additionally, we also appreciated that the company has a very solid balance sheet. A lot of assets and very little liabilities can be seen, which means that the company has a lot of time to innovate. The following are figures from the last annual report:

  • Cash: CAD$1,884,568
  • Total assets: CAD$2,036,283
  • Total liabilities: CAD$427,157

On August 30, 2017, BTL launched the DX Beta version of its proprietary blockchain platform, Interbit. Guy Halford-Thompson, CEO of BTL, celebrated the announcement:

“This is the first time BTL clients and partners have been able to put Interbit directly in the hands of their technical teams, rather than through BTL’s development team, and marks a major milestone in Interbit’s continued development” Source

On top of it, in the same press release, we could read that the company is preparing patent applications for its technology. We need to be alert, as the announcement of those filings is expected for Q4. We believe that they could make the market push up the share price.Furthermore, the company noted that a large consortium had shown interest in the company's project in the energy sector (Please remember that BP, ENI and Wien Energie GmbH are also involved). We will need to be alert, as if the company obtains a new deal, it could affect the share price positively.Finally, on October 2, 2017, the election of a new CEO, Dominic McCann, was noted, who was previously Executive Vice-President, Sales, and Marketing at BTL. We believe that his profile and expertise will help the company. He brings the expertise of working in big institutions, such as SAS Institute, Accenture, Dell, Morse, and mhm Group.The previous CEO, Guy Halford-Thompson, will remain on the Board of Directors. Gary Boddington, Chief Revenue Officer, decided to pursue other business opportunities.In our opinion, the company seems to be entering into a stage, where sales expertise will be more important. We appreciate the new direction and expect revenues to increase in the near future as a result.ConclusionCurrently trading with a market cap of $73 million, BTLLF is an exciting story among small caps. The company is one of the best bets for penny stock investors looking to play blockchain's enormous potential.We will be updating our subscribers as soon as we know more. For the latest updates on BTLLF, sign up below!Image courtesy of portal gda via FlickrDisclosure: We have no position in BTLLF and have not been compensated for this article.

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