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Rockstone wouldn’t wander from mining into the tech space, unless there is an outright opportunity based on a proven and second-to-none money making growth model, one that just started to trade publicly but is already poised to take off immediately. As a matter of fact, Vancouver-based RewardStream Solutions Inc. (TSX.V: REW) is on track to bank revenues of $1.75 million CAD in fiscal 2016, which ends in September. Is this the end of the line or just a foot in the door?
Well, if you have custumers that evidentially make money in multiples of your invoice to them, you have pretty happy customers. And happy customers get addicted to you, while others take notice and want the same – the main ingredients for a viral buzz, as based on a pull rather than push strategy. There’s nothing more powerful than word of mouth. If you have a technology that can convert this power into cash, you not only hit a jackpot but own a pilfer-proof goose perpetually laying golden eggs. If you spend 1 buck a day on keeping your goose alive and she returns a daily yield of 1 gold(plated) egg worth $86, you should consider cloning (and if feasible get publicly listed). Basically, that’s what RewardStream does (and did 7 days ago when it started trading on the TSX.V under the symbol REW): The company has produced $300 million CAD in new business for its customers in the last 24 months (now you do the math).
The kind of companies, recurrently streaming this much business from newly generated customers, have chatoyant names like Envision, Bell, Bark, Sprint, Telus, or Rogers – and literally have what it takes to spread the word. Alone Boost Mobile adds over 20,000 new customers via RewardStream’s technology each month. Everybody wants to get rewarded.
Loyal shareholders of RewardStream are sure to have catched a high-profile tech company with a proven track-record and blue-sky growth potential; in order to be made happy, too, as that’s what the company does. Last Friday, Geneva-based analyst Erenik Yzeiraj from asset managing RAMPartners S.A. initiated coverage on RewardStream, targeting a price of $1.93 CAD per share by next year. Last recorded price was $0.42 CAD. The word is getting out now. Get rewarded, too.