InvestorsHub Logo
Followers 263
Posts 32966
Boards Moderated 2
Alias Born 01/24/2013

Re: rockhunter post# 37489

Friday, 11/21/2014 1:38:49 AM

Friday, November 21, 2014 1:38:49 AM

Post# of 73700
Hey Rocky, hope your other plays are going well.
Just keep in mind..."they", BYSD, probably doesn't own ANY Bitcoins. They just made a joint venture with the original miners to sell the coins. The princilples, AKA Dino, originally mined & still own ALL of the Bitcoins. To me, this was confirmed by the high expense of the $341,000.00 of Bitcoin revenue. When BYSD has to pay "Dino" such a high rate for the coins that it leaves such a small percentage of profit, then there is not going to be a very great impact on BYSD's PPS. (Small percentage remark is because they were relatively cheap to mine back then.)

You may want to look for your out when the next pump comes. But what do I know?

Just keep in mind, that they are now bringing back up the matter of the oil side of the business, which proved to be a scam in 2013, IMO to deflect from the poor performance of their Bitcoinz operation. All just when the PP Barrel is at a 4 year low. This is mainly because the Saudis are driving down the PP Barrel in order to cause the American fracking and shale operations to loose money or shut down. (research CNBC or Fox Business for more on this topic.)
More directly, on the matter of your statement, Dilution is possible as long a they profit so little from their Bitcoinz operation.

All Just My Opinion!!!

GLTU!

Paint jobs in EITHER direction are a cry for help.