I understand some are inspired by facts and others by faith
it should be safe to say otc is motivated by buzz
the buzz is this company sanp has inked a deal with Canoe pool from China
they are in an infancy stage so imo past facts become somewhat obsolete
investors here as in many startups are looking forward to the potential of such a merger not entirely or in my case at all based on past performance.
personally I began buying shares months ago when sanp was trending 0001s and 2s I have witnessed solid rounds of bashing as the share price climbed to 0029 and practically non stop bantering on the fall back to 3s. I say 3s because I was on the bid for 2s and although they appeared on my screen none were filled. it is my belief Mr. Ang is trustworthy and well versed in business. most likely 21 moves beyond what anyone here is able to comprehend at this point.
when I see a company state an interest in moving into coin mining and their share price rises 2200% in a day based on that news it bring a certain calm to my decision to be here. it is a fact that many people give up moments before they succeed also to quote Bill Gates "there were many that saw the potential of the internet, the difference is I took massive and immediate action"
in my opinion we are at the right place at the right time and I respect you will have your opinion. just be ware we do not have all the facts yet, we do not know whos hands the billions of shares at 0002 and 3 fell into, we have no idea what Canoe intends to do with it's thousands of mining machines, it has not been disclosed if there is intent to merge with a big board company or how much of the stated assistance Canoe will share. we do not know how deep are the pockets of Mr. Ang or why he has chosen to invest in sanp along with us.
We do know China is not as free a market as the US thus the transition, we know Mr. Ang is successful in the coin mining arena and well connected he is likely a billionaire with intent to create many more in his future. He has closed his mining pool in Asia and is focussed now on mining bitcash a much more profitable endeavour. using less power and time to create coins. we know this is relatively the ground floor in what if all goes well will be a powerhouse in this industry.
feel free to make your own decision goes without saying but do not discourage others with rhetoric from doing the same.
have a nice weekend
