You-must-ve-missed-my-post-Jan.-5th:2ME,most-of-pie's-postings-make-no-sense to me, I keep telling people not to rely on other posters for their DD, if they can't document it -- and I told pie his Dec. 31st date has no substantiation and that company isn't promoting the store, that it's not part of their future plans -- which they can verify --
but if he wants to keep posting nonsense that's his choice, that's why everyone has to take board posts with a grain of salt. All I can do is state what I think is true to the best of my knowledge, but I also state that I don't like to repeat even what I've heard from the horse's mouth in case it's taken out of context.
I do not believe charles actually wants people to post his comments, of course they can if they want, he is careful to only reveal what would be publicly available as a strictly reporting company, however he will tell people what they need to know in their own time:
I DID pass onto people they should look @the filings for an overview of their plans, I believe it may also be on the website & elsewhere.
I do NOT post everything anyone tells me on this board or re-send anywhere unless I believe it's by mutual consent, that's just my stance.
Also, I find it annoying that some people mainly newbies ask me or him or anyone questions that would be easily answered if they read earlier posts AND the filings, I don't have time for that and it's not my responsibility.
I"ve addressed my concerns in several places.
This is one post:
Euripides90 Thursday, 01/05/17 05:42:22 PM
Re: pie777 post# 14682
Post # of 14722
none of these figures or calculations make sense from what I can see, starting with, how can the pre-split price get to .017? Especially when the company has maybe 2 mos. to meet QB standards or get downgraded and they don't want to do that, their debt holders insist.
Aren't you missing a zero? But on the other hand why would you assume the price drops back to .0017 range, when we seem to have a new floor/resistance based on Bitcoin prices, IMO this can drop to .0026 like it did today but not another 10 points, unless Bitcoin crashes which is unlikely, or unless there IS massive pre-R/S dumping.
You post contradictory things all the time but this time I think you need your plain old calculator?
If the reverse split happens at .017/share, x 60 = 1.02/share
With a marginal performance on the business plan, and over 24 million in debt from the note holders, the share price will melt to under .50/share, then to under a penny a share within a month, could make for a bankruptcy. - This is where investors will get wise, and BTCS share price will drop to triple zero's.
I am thinking about.02 to .03/share before the reverse split, to get the share price up to 1.20/share, through 1.80/share. Then settling at just under a dollar till serious revenues can come in from new sources of revenues.
If the share price is under .02/share, (which the market makers have to hold for 3 trading days before the reverse split) I suspect the reverse split will be cancelled.
Among the contradictory statements, and I pointed that out many times, are that one minute, company is going to go to dollars and do this and that, on the other hand, it's going into BK and quickly back down to triple zero's:
We don't know what will happen, I've stated it's JMO that charles and his partner have too much invested to throw in the towel, that the talk of BK is standard boilerplate requirements in the filings, the CYA language -- but we honestly don't know what will happen.
again, anyone can post anything, whether they really believe this stuff and are bipolar or they can't make up their minds, we don't know their motives -- people have to read all the comments they think might be reasonable and take everything with a grain of salt.
