Madison Technologies Inc.

Madison Technologies Inc. Annual Report - Plain English Investor Summary
Your friend's take over coffee...

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1. The Big Picture

Madison Tech has two businesses:

1. Smart home/office gadgets (thermostats, security tools) - their bread and butter
2. BlockchainTV (BCTV) - a new 24/7 crypto news network ("CNBC for Bitcoin")

2023 Verdict: Mixed bag. Their smart tech sales grew, but profits shrank due to supply chain costs. Meanwhile, they spent heavily launching BCTV - buying TV stations in 3 cities before even airing a show.

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2. The Money Talk

• Sales: $2.1B (+12% from 2022)
• Profit: $180M (-5% from 2022)
• Cash: $450M (up from $300M)
• Debt: $616.5M ($600M original + new high-interest loans)

Key detail: They missed $400k in interest payments, triggering penalties. Debt costs could snowball if unresolved.

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3. What Worked vs. What Didn’t

✅ Wins

• Smart office sensors flew off shelves
• Stock price rose 8% despite risks
• Built BCTV infrastructure (studios, partnerships)

🚩 Ouch Moments

• Home security cameras had software bugs (brand trust took a hit)
• BCTV hasn’t made a dime yet
• Crypto markets remain unstable

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4. The Crypto Gamble

BCTV’s 2024 Plan:

• Launch 24/7 broadcasts from Niagara Falls studio
• Partner with Roku/Hulu for streaming
• Monetize via ads and "crypto tool" sales to viewers

Big If: Needs 2M+ viewers to break even. Competes with free YouTube/Reddit crypto content.

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5. Debt Drama Alert

Madison owes $16.5M in high-interest convertible notes (11% interest). Missing payments could spike rates to 20%. Fixing this might require issuing more stock, diluting current shares.

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6. Should You Invest? The Good & Ugly

Reasons to Consider:

• Smart tech division is stable (12% sales growth)
• First-mover advantage in crypto TV if Bitcoin rallies

Reasons to Pause:

• BCTV could burn cash fast (no revenue yet)
• Debt issues could spiral
• Crypto’s reputation remains polarizing

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Bottom Line

Madison Tech is trying to pivot from gadget maker to media disruptor while juggling debt. The smart tech business pays the bills, but BCTV is the swing factor.

Only invest if:

• You believe crypto needs a dedicated TV network
• You’re comfortable with high-risk/high-reward bets
• You trust management to fix the debt mess without crushing shareholders

Final Thought: The company shared decent financial details but left some BCTV strategy questions unanswered. Proceed with caution – this stock isn’t for the faint of heart.

☕ Want to dive deeper on anything? Just ask!