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BTC 63,153 USD was @ 56K USD just a short time ago!!!
Thanks Eli for the effort... His response was a lot of words that said nothing..??? Smh...Guess I parked my shares in a No parking zone...lol..
I hope people understand he's going to do a R/S and then do an offering!! At this point you will be donating to charity!! He does deserve credit but this was to help him sleep at night!! He also did something we call CYA!!
IMO if a RS is going to happen, do it at the current MC. May fins will move the PPS up, plus give Logan the $$$ to increase miners. Good night all, have a blessed weekend!
Checking back on old friends as promised
As I have been saying folks
OLD MAN the old ceo told me not once but many times that R/S will help new owners get their $$$ back faster
I asked him about existing shareholders
He clearly told me the following
“”Phk existing holders, who cares about them, I have 200k here and all I care is to get that money back”””
After that I was like; this old dude is desperate like a hell
He wanted to sell the company and retire
Now who was the poster repeatedly asked me old guys Naber and number ?
Hope you found it out now dude
You’re welcome.
Yes. Real answers indeed.
I’m actually kind of surprised at how detailed he got on some of the questions.
You’re welcome.
I agree with your assessment.
Thanks Eli and Logan for giving use the answers to our questions
Thank you Eli and Logan. Real answers.
Eli, thank you once again.
Thank you Eli! A lot of effort on your part. Though I dislike RS, there can always be a “good reason “. Seems like Logan has big plans. Reducing the float (at this MC) would be a good time. And as I mentioned this week, the RS damage has been done. Now the fins this month will tell a lot.
Again thank you brother!
Hey, Give Eli credit for getting the answers. He's on our side. Chill.
Below is the response from Logan to our questions.
Question: There are still plenty of authorized shares that have not been issued. What is the reason for the R/S and will the Authorized & Outstanding shares be reduced proportionally? (Kevin-Tennessee).
Response: 1. Meeting Listing Requirements: Some stock exchanges impose minimum price thresholds for listed securities. If a company's stock price falls below the exchange's minimum requirement, it may face the risk of delisting. Implementing a reverse stock split can increase the per-share price of the company's stock, bringing it back above the exchange's minimum listing requirement and maintaining its listing status.
2. Enhancing Perceived Value: A reverse stock split can increase the per-share price of a company's stock, which may enhance its perceived value among investors. Higher-priced stocks may attract more institutional investors or be perceived as more stable and reputable, potentially improving liquidity and marketability.
3. Reducing Outstanding Shares: By consolidating shares through a reverse split, a company can reduce the number of outstanding shares in circulation. This reduction in the float can increase earnings per share (EPS) and improve financial metrics on a per-share basis, making the company's stock more attractive to investors and potentially boosting its market capitalization.
4. Regaining Compliance: If a company fails to meet certain regulatory or exchange requirements, such as maintaining a minimum stock price or complying with shareholder equity thresholds, implementing a reverse stock split can help it regain compliance and avoid potential penalties or sanctions.
5. Dilution Management: Reverse stock splits can be used to manage dilution resulting from the issuance of additional shares or convertible securities. By reducing the number of outstanding shares, a reverse split can offset the dilutive effect of new share issuances and help preserve existing shareholders' ownership interests.
6. Signaling Strength or Stability: In some cases, companies may use reverse stock splits as a signaling mechanism to demonstrate strength, stability, or confidence in their prospects. By increasing the per-share price and reducing the number of outstanding shares, a reverse split may signal management's belief in the company's ability to deliver value and achieve long-term growth. Overall, reverse stock splits are strategic corporate actions that companies may undertake to address various operational, regulatory, or market-related challenges, enhance shareholder value, or communicate confidence in their business fundamentals. However, it's essential for investors to carefully evaluate the reasons behind a reverse split and consider its potential implications for the company's financial health and prospects.
Question: When will the new machines be purchased, how will they be funded, and what is your target number of miners? (Ihub Shareholder).
Response: 1. The short-term target goal of miners (12 to 24 months) is 10,000 miners. The long-term target goal would be to take it to 20,000 over (48 to 60 months).
2. The company is out trying to raise money through a Reg D. The company is working on the Reg A Filing, so once that is effective, that will be another tool to effectively help raise money, so through the market and the company is using the old school method of cold calling investors.
Question: Are there any plans to expand A.R.T. Digital beyond being solely a BTC mining operation? (Don-Mifflinburg, PA).
Response: · Not in the near term.
Question: Has there been any discussion with other companies about the possibility of a merger or buy-out? (Eli-Orlando, Fl.)
Response: · No
Question: What is the target share price once the R/S is done, and what is the projected timeframe for up-listing? (Dwayne-Saskatoon, Canada)
Response: · I will address the R/S projected price point, hopefully, at nine cents or better, depending on the price when R/S is effective. Depending on the requirements (audit, uplisting requirements, and meeting those said requirements), 18 to 24 months.
Question: Have you considered canceling the R/S and raising the share price by other means, such as a share buy-back? (Jeff-Pittsburgh, Pa)
Response: · No, at this juncture, the company is a small growth company that is trying to scale the business. When the company is in a position to do a share buyback, it could be open to the opportunity.
Question: You said you hired a PR firm a few months ago. We have not heard from them yet. Will you commit to a monthly Shareholder’s Update Letter to keep shareholders and potential shareholders informed? (Stinger-U.S.A.)
Response: · Working with counsel to format a shareholder letter.
Question: Were the miners purchased new and what is the life expectancy for them? (Iron Hammer)
Response: · Yes, the industry standard states 3 to 5 years.
Question: Do you have employees? If not, who will maintain the miners and retrieve the completed Bitcoins?
Response: · A.R.T. Digital Holdings Corp. has one employee, that is myself. A.R.T. Digital Holdings Corp. is a hybrid BTC Miner, in the sense that we find purchasing and hosting partners that match up with our company’s mission, current hosting partners the company has are Compass Mining, River Financial, Just for Krypto, BV Power Alpha. Each of these partners has its own maintenance and compliance teams to help maintain and monitor A.R.T. Digital miners. · The flow of how this process works is that miners are at hosting facilities, they mine the BTC, from there, the BTC is sent to our mining pool, then once the payment threshold has been met at said mining pool, the BTC is sent to the exchange/cold storage wallet.
Question: Probably 99% of R/S doesn't work out for the shareholder. Why are you confident the r/s will be different and bring shareholder value? (Brock-Kissimmee, Fl)
Response: · My confidence in the effectiveness of an R/S and its potential to bring shareholder value is based on a combination of factors, including the strategic rationale behind the split, market perception, execution plan, operational performance, and market conditions. By carefully evaluating these factors and implementing the R/S in a well-planned and transparent manner, the company will hope to increase the likelihood of delivering value to shareholders through the split.
Why not post them to a public site..??..maybe time to move on and accept the
Loses ...🤔🤔🤔
Eli-316
Re: None
Friday, May 03, 2024 3:52:24 PM
Post#
40284
of 40290
I thought he would post answers on twitter but Response were just deliver to me.
I’m driving right now.
I’ll post them as soon as I get home around 6:30 ish.
Look 's like no answers to our questions. Maybe time to move on.if I could sell my shares.??
good to see a rebound
You are a trusted soul. Looking forward to Logan’s thoughts. Drive safely, and enjoy your dinner……..but eat fast! Lol
I thought he would post answers on twitter but Response were just deliver to me.
I’m driving right now.
I’ll post them as soon as I get home around 6:30 ish.
auburn. I don’t have PM.
Suppose to be. We’ll see.
Logan took over a shell (established) for a reason. What’s the plan?
$CGAC should be honored we have our own "Forest G****"
Run OC Run
one share trades! hope it was a free trade
no update- unchanged OS
And to you & yours..the same.👌👌👌
LOL...It is all good.
Have a wonderful rest of the evening.
Reading your response. I totally agree..my expectations may be unfounded.. Not knowing the complexity of the situation... I should try to keep my foot out of ones mouth..lol..thanks for your response.. Lol😂😂😂
And to you..as well..🤑🤑🤑🤑
Listen. I'm with you. I 100% completely understand your feelings.
The questions that has been posed to him should have been answered a long time ago through regular communications.
All I'm saying is that now that Logan agreed to answer them, we should give him the benefit of the doubt.
There is no way to write and present the answers to those 10 questions (many with questions within questions) in a professional manner, in 30 minutes. It would take at least a couple of hours minimum. But again, I absolutely understand your frustration.
You're OK. I am trying to be as patient as possible...Have a great evening and a better tomorrow.
Coming from you..that is the ultimate compliment...many thanks..you made my week..lol.👌👌👌👌😎😎😎😎
Cojo, your a good person!
I agree..you are 100% correct...still.it should not take (5) days to answer basic questions...Should Logan respond,with positive answers going forward..I will 100%..eat crow and admit I am an idiot..
Be GLAD Logan agreed to answer the questions. I am in a trip stock where we haven't heard from the CEO since 5/15/2022!!!
I knew orange man would show up. Sorry but there ain’t any juice left in that orange!🍊 lol
Sorry if I gave the wrong impression...I'm am very bullish & long here..that said..when one can not find 30 mts. To answer simp!e questions...makes one pause..????...just ones opinion...
Or maybe he had a full schedule prior to agreeing to answer questions.
I’m not being an apologist for Logan, but if I were CEO of a company and agreed to answer some questions, the minimum amount of time that it would take me is 5 days.
In my profession, unless it was something that needed an immediate answer, I usually take a couple of days just to answer 1 question. Lol
Sorry Guys..hate to be a "Debbie Downer"..here..doesn't take (5) days to answer simple questions unless the answers are Not positive...???..smh..hope I am terribly wrong..!!!
You hit pennyland yet? Asking for a friend!
As always nice work Eli-316! $CGAC!
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