Microelectronics Technology Co. (fka MELY)

[Helter Skelter]

mely 8k "company" was fake.

Come on. In Belize? How convenient.

Here's the address that they "made up" for Classic Capital, Inc., the "corporation" that mely, allegedly, agreed to buy the IP and other assets from (but NOT the company, itself...as repeatedly stated in mely's, apparently fraudulent, press releases):

Classic Capital Inc.
Suite 153, 9 Coconut Drive
San Pedro, Ambergris Caye
Belize



Link > We did a bit of mining on our Jungle Adventure, lOl...

mely's PR, dated April 3, 2014, not only states that mely acquired a company/corporation...but that it was an established company.

Established, my butt..."beta test"..."established"...does not compute. It's a joke.

They (fullenkamp and pinchin gang) wanted to go with shone anstey but...shone...backed out...reports my source. He knows these clowns are going down, can't blame him...so, what again were these expensive, established assets and IP that the purchase agreement...covered? Nothing of consequence as this poster, towerclimber92, has, with basic DD, clearly pointed out.

Bitcoin mining is the least attractive source of revenues/profits from the "bitcoin play"...a simple google-search-exercise will verify that well-known-fact...for anyone that is inquisitive, that cares to do a little DD:

Bitcoins come into existence as the result of increasingly complex calculations that incur both computing hardware and energy cost. The bitcoin system requires that each new bitcoin is incrementally harder to "mine" than the preceding coin. What this means is that each new bitcoin requires more and more calculation power than the coins that came before.

When bitcoins first blinked into existence, they could be mined by a few spare computers, just left to crank away. Now that there are so many more bitcoins in circulation, those computers can barely mine a fragment of a bitcoin in anything resembling a reasonable amount of time.

Given that bitcoin mining is designed to always need more computing power thrown at it, a market sprang up for custom bitcoin mining computers, machines built with custom ASIC (application-specific semiconductor) chips designed to optimize the processing of bitcoin mining algorithms.

As more and more bitcoins are born into the world, more and more processing power is required. The custom bitcoin mining machines have become increasingly expensive to purchase, and — also very important — increasingly expensive to operate as they eat raw electical power at a phenomenal rate.

Link > First oil then gold now bitcoin from this..."management team", lOl...

mely, apparently fraudulent, press releases touting acquisition of an established company.

Microelectronics Technology Corporation Acquires Bitcoin Cyber Currency Digital Mining Company
MONARCH BAY, CA--(Marketwired - Apr 3, 2014) - Microelectronics Technology Corporation (OTCBB: MELY) (OTCQB: MELY), is pleased to announce the Company has entered completed negotiations for the acquisition of an established digital mining company and its digital mining assets.

Microelectronics Technology Corporation Provides Update Regarding Acquisition of Bitcoin Cyber Currency Digital Mining Company
MONARCH BAY, CA--(Marketwired - Apr 25, 2014) - Microelectronics Technology Corporation (OTCQB: MELY), the Company previously announced:

"Company has completed the documentation required for the finalization of the acquisition of Digital Mining Corporation and its digital mining assets.

Complete Acquisition details will be provided on form 8K yet to be filed."

Claims of "great" or even "good" management is unfounded and, frankly, bullshit.

As pointed out previously, the "CEO" of the company Everett...doesn't own ANY shares and doesn't even have ANY compensation, no salary, nothing. Nada. Not a damn thing. Plus...his "education" is severely lacking...he's a figurehead, go figure...nothing more, nothing less.

Here's your "management", in my quickly-studied...indisputable-yet-still-humble...opinion:



mely "CEO" Everett:





By the way...where are these computers working their mining magic?

In Canada...with shone (cloud data)?

mely's office in California is a UPS Store mailbox. I doubt that UPS is letting mely mine there, lOl...



Scam...early lObster beckons... :)

Last one out...turn out the lights.