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It says that they are the only one with that type of wallet technology in the world. So when Asama unveils theirs, it will be like Apple and Samsung battling it out. And truthfully, Asama's wallet is 10x more advanced. Awesome. Great find jet101! Thanks. This just keeps getting better and better. Keep finding great info like this.
https://coolwallet.io/
https://medium.com/the-mission/the-popularity-of-blockchain-technology-in-the-world-today-33ca8f36c0f6
Since we aren't going to be mining for now and have no machines, and we are focusing on blockchain Technology and the many applications, I thought this would be a good read.
I think the near term event was to average down and wait for progress so we can start profiting at a lower average cost per share. But I hope I'm wrong and some awesome news is on the way, but.....I dont think anything will happen til current with all financials and K's and so on are completed.
Are you seriously questioning the long term outlook of this company based on one days volume? People are buying and people are selling based on what they know. Its just a fluctuation.
The purpose he stated was that the cost for CPA's, attorney's and filings would be roughly a 150 to 200 thousand dollars a year or something like that. If the re-watch it again to see how much the cost was. So the reason why he didn't want to do the filings was for monetary reasons, not to avoid being transparent. And they didn't really have the money for it anyway.
No brag just fact, See post 96176. Its a wait and see though.
Yes, and I believe Frank was showing videos of the launch and miners to show us and get familiar with the company we are partners with. It would have been better if he mentioned it wont appear on our numbers, but, he didnt. Dont like that much. It's like a kick in the nuts. But I'm over it and see the bigger picture.
I'm still trying to wrap my head around this deal. I think this is probably better than a company that soley focuses on mining crypto currencies because crypto currency profits are based on the price of the crypto currency versus mining expenses. So profitability is determined by the price rather than the amount of coins they're generating. The good part about this is that when the price does go up above $10,000 per coin for bitcoin and over $1,000 for etherium, they will begin the process of purchasing mining equipment and begin mining which will bring in more income and revenue for our new company Asama International. Even the government says that they see a reason to have blockchain technology. Originally I was so disappointed with the videocast I felt lost. Like what the heck happened. Then I looked, thought, realized the company we are now partnering with, their drive and determination and concluded that this company can produce. It looks like it will be a while but I'm excited about the prospects and to see what unfolds over the next several months and years. $$ASAMA INT'L$$
Oh yeah, there's that too.....
Oh I forgot. With the video cast shocker yesterday showing that we're not even mining ore, I forgot that Tony le was part of Asama. I feel better now knowing That Asama owns 75% this way I know they will take this shell very very seriously. It's not some little 50/50 venture with PO8's cold storage wallet. The ATM's and the cards to get cash for Cryptocurrencies and cryptocurrency for cash is awesome. Can't wait for that to come through and start earning. I'm not sure if the cold storage wallet is gonna rock this stock but I do believe the other ventures that Asama is planning will. It just looks like, as what Frank said in the video cast yesterday, looking at a company to become NASDAQ, will have to earn 25 million per year in earnings and maintain a dollar or more per share for 30 days, he said he doesn't see that happening for about 3 to 5 years. Meaning that he feels that we will be earning 25 million or above in 3 to 5 years. So this stock, to me, looks like a really long term stock. I'm willing to hold till then. Of course over time it will creep up and will make us money as the pps goes up while the new ticker takes flight in developing over the next several months and years. But I am a patient man and see this as a very good developing company.
Tony Le's 25% is part of Asama? That would be 75%.
Just clarifying it is not a controlling interest is all.
Frank said specifically as well as in the contract its 50% ownership. 50% + 50%.
Frank specifically said "partnership." There is no controlling interest. The PR was incorrectly worded. Rewatch the video, he said "partnership." I wondered why Asama would merge with SANP giving him 49% of ASAMA profits with ASAMA doing all the work building their company. ASAMA only merged a new subsidiary with SANP to build a company Frank pitched to them with PO8's cold storage wallet. That's what we have here. As we progress, hopefully ASAMA helps grow our company with more revenue generating products. Please let me know if I'm missing something. Thanks all.
Yep....
Whomever is in charge of the info on the top of this board must remove everything but pertinent info. The launching, the miners, the video updates, everything. Just post today's videocast, and the cold storage wallet, the new directors, etc. No other part of Asama is associated with SANP. Start from here and update going forward.
It is, perhaps you aren't paying attention. And it isnt Santo mining. The PPS right now is based on Santo mining. Do you really think the share price will remain here once this deal comes to fruition. ASAMA adds value to this ticker.
So have we all. So why is it in your best interest to jump the gun and call this a scam when there is no evidence that will happen with this company. You make no sense.
Why not?? I mean seriously. Why not....? Asama group International is a driven company focused and very active in growing. Whyyyyyyyy nooooooot?
Coming soon: 1) current 2) reverse split. 3) uplisting. 4) pps higher attracting new investors. 5) we go from rags to riches.
Questions??
Uplisting after Reverse Split! Awesome.
Get in now before it's too late $$$$$
1400 is 2pm
Trader, on point. That's my view as well. These hacks aren't shaking my shares from my grip. The ones that let them go, well, too bad for them. Trading is for the strong. Weak hands are for the flippers. Franjose is a good man with good intentions and he wants to set up his retirement I'm sure. He'll want to succeed. His prior businesses were small, never grew huge, but they were businesses. Not scams. Never lied either. This time he allowed an established company to buy controlling interest in his company/shell, for his benefit of course as well as his true shareholders. We will be there with him on this lovely journey to profitability beyond comprehension soon enough. Even if it takes all year! I'm here.
Boring questions I will not even attempt to glorify with an answer. Wrong person. I dont have weak hands. I know what I have here.
Not lies, just not accurate when he gives time frames. Frank comes through eventually. If not this week, then the next. Or the one after that. But we will be current. Enjoy the flips and averaging down till then. Maybe when we are current you can buy in at a higher price and start flipping again.
Not a scam. They are smoking the leftover cigars and using the furniture for their new mining facilities. Who cares, look at the bigger picture. Not pettiness.
Oh look you found a good example of a forward split. You're a great researcher. Now find a company that went under "after" a forward split. See if you can find one, or will you just brush it off and say there aren't any? Hmmmmmmmmm
I've seen 3 for 1 forward splits and the company files bankruptcy too. We can find examples all day long where r/s happens and it's good, and where it's bad. Same goes for forward splits too. We just have to see where ASAMA INTERNATIONAL is headed. Those other companies that go under when doing a forward or reverse split may just not be doing well. Some companies dont ever split and go under. Explain that! And some companies never split and do great! (BERKSHIRE HATHAWAY)
Thanks Estate1
If anyone can screenshot those tweets it would be helpful to all blocked people. Thanks.
Unfortunately, with that mentality, you might just have to wait for their annual financial report for your peace of mind. Because like you said, if you can't see each and every miner you'll just have to wait for the reports. JMHO
Well said trader, I like that post. Food for thought.
Where the money went I don't know but these are possible:
Salaries. (unfortunately people get paid)
Those 10 miners that canoepool wanted Franjose to buy so they can help guide them into crypto mining. (Oh well, write that one off. Unnecessary now.
Severance packages for former directors. Arnette included. Part of doing business. Oh well. More write offs.
Rent/lease for office space. Gotta do business somewhere. Can't hookup landlines to cars. Oh well too bad for profits.
Travel expenses. Not everything is done by google. Face to face is a necessity especially in business dealings. Oh boy, there goes the stock price.
And you can't downplay a good Cubano, awesome cigars. You wouldn't understand unless you like awesome cubanos.
That's just what I come up with without putting any thought into it whatsoever. I'm sure there are plenty more expenses that can be added to this ridiculously short list. Try adding some yourself. OK, I'm sure a good portion was spent frivolously, what company out there don't spend money on themselves once in a while. I'm not at all concerned with that issue of dilution because it happened and can't be undone. Move forward. If Asama can fix it, great, if not, this is what we have. It may not be the best stock in the world but it is definitely not the worst, and definitely not a scam. Franjose is working hard on this and obviously so is Asama International. I have no doubt we will not double or triple or even quadruple our investments here. I am confident however that we will encounter exponential growth as the popularity of Asama grows. We need details, news, filings, and projections going forward. JMHO $$SANP$$
Hey, some of those Cubano's are pretty expensive. How can you blame him.
Well if you think 3.6 million is a lot in business development at the time when changes were being made when canoe pool was around, then that says a lot about your skew.....
9,000,000,000 shares and 500,000,000 preferred A shares with voting rights reserved for directors of the company. 9.5 billion authorized shares total.
Yes it is. But the info is coming little by little. I would like the filings a bit faster though. 8k, 10k, forecast earnings, etc..
Perfectly said.
I dont know what the par value for the diluted shares were at each different time they were diluted, but if you take 6 billion shares at an average of .0006 per share that's only 3.6 million dollars. If you use .0009 average its 4.8 million. It's a hell of a lot of billions of shares but not very many millions of dollars. If that helps the perspective any. That's all I got. I dont like the dilution either but it was diluted to hell. We just have to see what Asama brings to the table for share value. We need to know if they will fully merge all Asama business into this SANP shell or if they plan on merging with a teensy offspring of Asama. Because I dont see Asama giving any real profits of their entire business to Franjose just for a shell when its their company. Still waiting for details of this controlling interest. As I'm sure is the reason the PPS is still down. We need details so new money can buy up shares.
Truthfully, if their philosophy is to "Go Slow To Lead," I think they should slow it down a notch.
Asama is very productive. Building and working on many aspects of the crypto universe