Ludlow Research Upgrades Coverage on Integrated Ventures
with $5.00+ Valuation Target Based on Blockchain and Bitcoin Mining
Operations
Philadelphia, PA -- December 29, 2017 -- InvestorsHub NewsWire
-- Integrated Ventures, Inc., (OTCQB:
INTV)(“Company”) today announced that Ludlow Research had
issued upgraded Research Opinion based on the progress of their
Bitcoin Mining operations, newly launched CryptoFunder, and
improving financial outlook, with a new ‘speculative’ short-term
target of $5.00+ per share.
Report Highlights:
Launches Cryptocurrency Mining Operations
Launches CryptoFunder Blockchain
Secures $1 Million Crypto Currency Based Funding Round
Improved Revenue Outlook
Improving Cash Position
Low Convertible Debt Levels
8.3 Million Shares Outstanding
Low Market Cap Valuation
Report Summary:
Based on their launch of Bitcoin Mining operations and
CryptoFunder blockchain, improving revenue outlook, decreasing
convertible debt, low market cap valuation compared to others
within their sector, and most importantly the high retail demand
for crypto currency related stocks Ludlow Research has upgraded its
research coverage on Integrated Ventures, Inc and has raised its
short-term “speculative” valuation target from $2.00 to $3.00 to
$5.00+ per share.
The incredible performance of Bitcoin, Blockchain, and Crypto
Currency related stocks has been nothing less then amazing in
recent weeks. Although this provides bit of difficulty when trying
to establish a general price valuation range due to the high demand
for shares related to this sector.
In the short term, INTV may trade along in market performance to
underlying Bitcoin (BTC/USD) prices with any attempt to retest the
recent highs in BTC/USD of $17,000 to $19,000 as a catalyst to push
INTV back above $5.00 again.
For now, based on the extra ordinary demand taking place with
Bitcoin related stocks, Ludlow Research is not providing a set
valuation projection, but rather keeping a fair ‘speculative’
target of $5.00+ because in case of any extreme event $10.00 could
very well be achievable.
The main drivers have been identified as follow:
1.0 CryptoFunder Blockchain: In Dec. 2017, the
Company announced it has launched "CryptoFunder," a financial
blockchain platform, which acts like a decentralized and encrypted
lending ledger that offers a secure, efficient, verifiable and
permanent way of storing records and other lending information.
These protocols are the backbone of numerous digital currencies
that are being mined by the Company, including Bitcoin, Ethereum
and Litecoin. The CryptoFunder blockchain will be focused on
qualifying, initiating, underwriting and processing funding
transactions, including tracking of digitally mined assets and
using them as main mode of payment for business loans, lending
contracts and convertible debt notes.
The CryptoFunder is the world's first crypto currency secured
lending platform that offers businesses, particularly publicly
traded companies, an access to the potentially non-dilutive funding
structure, accounting and audit system, all powered by a flexible
and transparent ledger that is recorded securely on a
blockchain.
2.0 Bitcoin Mining Operations: As of Dec. 11,
2017, the Company announced the following operational
milestones:
The number of connected and revenue generation mining rigs has
reached 104
Mining revenues up to date stand at $34,000
Sales of mining equipment have reached $21,700.00
Installation of remaining mining units scheduled to be completed
by the end of 2017.
Steve Rubakh, CEO of Integrated Ventures, Inc., comments: "In
less than three weeks, since the launch of our cryptocurrency
operations on 11/22/2017, the Company has generated revenues in
excess of $55,700 which equates to the annual revenues of $668,400.
We have been following and executing our diversified mining
strategy which has been validated by the market activity with BTC,
ETH and LTC reaching all time high prices. We believe the Company
is in a great position and on target to deliver significant returns
to its shareholders and investors."
3.0 Decrease Need for Debt Funding: Upon full
deployment, the total number of mining machines will consist a
minimum of 190 assorted rigs, and generating in excess of $1.2
million in revenues, which should easily exceed ongoing corporate
capital requirements. Along with their decreasing level of
convertible debt financing, this improved revenue outlook now
removes the need for the company to tap into this type of funding
structure, thus reducing chances of dilution to the common
shareholders going forward.
4.0 Growing Liquid Assets: The Company current
holds around 55,555,555 shares of (OTC:OTTV) common shares that
come off restriction on January 3, 2018. Added up with $281,457 of
very liquid mining units that produce revenue INTV assets add up to
roughly $600,000, which can assist in the development and expansion
of their Bitcoin Mining operations.
About Integrated Ventures, Inc: Focused on
acquiring, launching and operating companies, primarily in the
mobile technologies, ride share transportation and cryptocurrency
sector consisting of digital asset mining, hosting, pooling, mining
equipment manufacturing and the development of blockchain based
applications for financial markets.
www.integratedventuresinc.com
About BitcoLab: Focused on pursuing
opportunities in crypto currency sector with focus on bitcoin
mining, hosting, pooling, manufacturing and distributing of own
brand of mining equipment and the development of blockchain based
applications for financial markets. www.bitcolab.io
About CryptoFunder: The world's first financial
blockchain platform which acts like a decentralized and encrypted
lending ledger that offers a secure, efficient, verifiable and
permanent way of storing records and other lending information.
These protocols are the backbone of numerous digital currencies
that are being mined by the Company, including Bitcoin, Ethereum
and Litecoin. The CryptoFunder blockchain consists of qualifying,
initiating, underwriting, processing and managing funding
transactions, including tracking of digitally mined assets and
using them as a main mode of payment for loans, lending contracts
and convertible notes.
About Ludlow Research: New York based equity
research firm that focuses on providing research coverage and
investor awareness services to emerging small-cap companies. For
over 14 years we have worked to provide our readers with a simple
way of evaluating the current and potential value of small-cap
companies, while garnering these clients greater market awareness
to new investors. For more information on us please visit
www.ludlowresearch.com
*** About CryptoCurrency Investments &
Risks: The Company urges all current and potential
investors to visit https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11
to fully understand all risks involved in CryptoCurrency
investing.
Safe Harbor Statement: The information posted
in this release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
You can identify these statements by use of the words "may,"
"will," "should," "plans," "explores," "expects," "anticipates,"
"continue," "estimate," "project," "intend," and similar
expressions. Forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially
from those projected or anticipated. These risks and uncertainties
include, but are not limited to, general economic and business
conditions, effects of continued geopolitical unrest and regional
conflicts, competition, changes in technology and methods of
marketing, and various other factors beyond the Company's
control.
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