InvestorsHub Logo
Followers 12
Posts 612
Boards Moderated 0
Alias Born 05/28/2014

Re: johnnycomelately9 post# 56491

Friday, 06/24/2016 10:41:18 AM

Friday, June 24, 2016 10:41:18 AM

Post# of 57991
Neither of the two filings had anything to do with MELY. Other entities were made to disclose their holdings doesn't mean that MELY is actually doing anything. SC13Gs are other companies/entities disclosing that they own stock in another company. If you actually read those two filings, you'd notice that neither of them were signed by Brett. The last filing that MELY actually put out was the 8K in October 2015 informing us that their auditor was barred by the SEC for filing fraudulent audits and financial statements. They haven't put out an actual financial report in over a year.

Even if MELY was still in business, they're sitting on over 2M worth of debt and no revenue. They're effectively bankrupt, as many of those debts were due earlier this year and would now be delinquent. As of right now, MELY has no active BTC mining operation, their website is dead, and they've gone radio silent for the last six months after a six month period with four facebook posts.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.