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Cost of mine is literally BRK pocket change...
Pretty amazing. Buffett could accidentally drop a $B in the bathroom stall and not really miss it...
I think the current number is around 100 billion with them waiting for the phone to ring with a good idea.
https://www.macrotrends.net/stocks/charts/BRK.A/berkshire-hathaway/cash-on-hand
Why the hell would they post a picture like that?!
Cost of mine is literally BRK pocket change...
Pretty amazing. Buffett could accidentally drop a $B in the bathroom stall and not really miss it...
https://www.macrotrends.net/stocks/charts/BRK.A/berkshire-hathaway/cash-on-hand
Not sure what news could be possible. There is nothing here.
Nice and deceptive!
Go woke Go broke!
Great descriptive article. Thanks!
That brings up a question, what actually happens with votes that are not cast or otherwise decided?
The numbers aren't there anyway. He can walk/talk any way he wants. There is no need to fear the share %. They hold all the cards.
Keep fighting the good fight. Stand up for your rights!
LOL let me know how it turns out.
Your/Our votes wont matter anyway. Same for most.
We simply do not have the numbers to make a difference. 10 retailers put together wont matter unless you are one of the few whales and they are all yes. so who cares?
Day traders pounced on that fast. Choice words....
Sounds like the OTC. Live by the sword....
I live in his district and I voted for him. I have a lot of respect for his military experience. I work very near the base where he held a command in Omaha (Offutt).
https://en.wikipedia.org/wiki/Don_Bacon
The final number of shares will affect the pre-split price and what our ratio will need to be to hit the target nasdaq price. In essence the dilution affects the split, not the split affects the dilution. With every new share issued it lowers final pps and modifies split ratio. We of course hope for a high pps going into the transaction to help alleviate that as shares are created in the combination.
We wont know any of those numbers till we see what shakes out. We dont know redemptions or price target for nasdaq. If you have more insight on that process that would be great. There may be a concept I am misinterpreting in my research.
Its unfortunate that the more love the project gets via low redemptions, the more we get diluted prior to the reverse split.
It appears If we have very low redemptions rhe r/s ratio gets worse due to the higher number of shares. If we get high redemptions we get less dilute but less cash.
Of course there is the delusional optimism of $5 pps at r/s time which would lower the ratio but that is quite unlikely because that would create a wild market cap way way more than cost of building the mine assuming $1Billion still.
Yeah sure theres ree results to come. yay! Wohoo!
Watch, it will probably be around a buck +/- .10 come reverse split time. I would enjoy a higher price, but reality is a thing.
1:10 is best case scenario in my opinion. I dont care what the split is, I care about what our final % ownership is down to after the combination.
Unfortunately for building the mine we have to cheer for very few redemtions and eat our dilution sandwich and like it. Arbitrage please go away because we need the money! Cut what gains that were once upon a time possible in half or so because we give half the company to gxii shareholders.
That might still be ok!
I am referring to the arbitrage. It is not a huge return but its easy money when you already have a lot of money in trying times.
https://accelerateshares.com/blog/the-art-of-spac-arbitrage/
Im not saying everyone is in for arbitrage but i swear the foxes with the keys to rhe henhouse bake this stuff in to every financial vehicle to give themselves a profitable backdoor out.
I hope there isn't much involvement just for arbitrage. The more I read about spacs, the more I think they should be illegal. Its pretty much a guaranteed return for entities that are already wealthy.
This sp not going to suddenly rise. It will be under a dollar come merger time. There is no reason for this share price to rise suddenly out of nowhere. The last 10 years are proof of that.
But thats ok!! Once we own less than half of what we use to, our smaller % ownership will be the same after the reverse split. THAT price is what we need to worry about. Oh and 1:10 is what we HOPE. Its looking like a higher ratio depending on what the final dilution and price target is. Unfortunate but thats the reality.
Already a multi-millionaire playing dollar slots. No biggy.
That depends on what ratio you tolerate, and what % ownership shrinkage you are OK with in the coming dilution that is pre R/S
What share count is really wanted for the new company initially? Is 60 million the real number? What is the desired share price of new company for NASDAQ? Is $10 the real target? What are the real target numbers? Will rare earths change the landscape? We won't know till the paperwork comes out.
Each shareholder's % of ownership goes down with dilution (not counting warrants or anything), but % ownership of course stays the same with reverse split.
If we are at > 1Billion shares pre R/S, I can only HOPE 1:10 is all we have to deal with. If we are at a low PPS vs. the target NASDAQ price it could get ugly. What is our price going into merge, and then what is our price post dilution and pre R/S? We don't have the real numbers in the deal to finish the math. We only have example figures.
99% of us have no say in any of it because our share counts added together are to low to matter at all. Just make some popcorn, because the vast majority of us are just along for the ride on the caboose.
Shrug.
If merge occurs, and then proceeds are way under expectations then what? What is the next path if there are high redemptions and low proceeds but we end up listed? There must be a contingency but maybe there is not a way to come up with one yet? This repeatedly dips on good news and I don't get it.
The products appear to be there. I don't see how it could fail, but what is the path if the SPAC method is unsuccessful in raising funds and we still end up listed on nasdaq?
Meta, NFTs, now Saudis?? LOL OK.
Pump the BS boys....
Are we waiting on approvals? When can we vote and end the debate?
The proof either way wont be till after then. Sometime in march probably?
$100 bet from a multimillionaire... :D
Frugle, yet confident to win.
Globenewswire release! StakeSeeker platform Beta release!
https://www.globenewswire.com/news-release/2023/01/10/2586199/0/en/BTCS-Announces-Private-Beta-Release-of-its-Staking-as-a-Service-Platform-StakeSeeker-as-well-as-Enhanced-IR-Website.html
Good luck
How to people become this naive?
There is no trail to follow here. 1 article from April 2022.
sure. Just not from here. Nothing here....
Lmao more 4-6-22 shit. Pathetic.
Nothing but Bullshit pumpers here.
Youll make some money on the next little bump. Rinse, repeat....
I fully understand seii has no power anywhere...
Unless you can produce DD that states otherwise besides your pump BS.
Meta is nowhere near this. At all. Why do you keep pumping that? You go between boards acting like there is something here...
There is nothing. What got you started on this? OH!! its just a fake .005 cent pump and dump.
Give me a break.
What news are you expecting?
Wow! Can positive news at least PLEASE move us up a little?!
Just a LITTLE!?
I have nothing to lose because there is nothing here.
Id take a .007.
Up how? The more shares the merrier?
it is up so far. Shrug.
what now? another r/s to stay listed??
NFTs now??? Steaming bullshit. Give it up already....
So the concept here is you believe that R&D is underway using the 30 million (over 2 year period), and at some point they (SEII - Su Xin Rui Shi) will release news on their progress and it will be scooped up for a high price?
nothing supports that. Just a pumper group.
Total crap. That announcement is nothing.
This really is pathetic.
Why is meta always mentioned here?
There is no connection. Meta doesnt want or need anything that has to do with this.