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The ones continuously saying they are buying are typically selling to the un-informed.
FACT: GBTC has 99,999,999,999 authorized shares and if they so choose, they can sell these shares into the market whenever they see fit. Enough lies already.
The answer is yes, they can sell shares (dilute shares) into the market if they wish to.
Unfortunately, You never wanting it to happen does not mean they cannot dilute shares into the market with the 99,999,999,999 Authorized they have.
If they had no intention of ever doing this, they can simply retire shares. But my guess is that isn't gonna happen.
One would be wise to keep in contact with the Transfer Agent.
Your reply is designed for spin. I'll ask again:
Can GTBC start selling or diluting the 99,999,999,999 Authorized Shares into the market yes or no?
You again clearly avoided answering the question. Here it is again:
"Are you trying to state that GBTC cannot dilute with the 99,999,999,999 Authorized Shares? "
Are you trying to state that these shares cannot be diluted into the market? It's a simple question and simply answered with a yes or a no.
Wow! You completely avoided the question. Here is the question again:
"Are you trying to state that GBTC cannot dilute with the 99,999,999,999 Authorized Shares? "
I understand that. Are you trying to state that GBTC cannot dilute with the 99,999,999,999 Authorized Shares?
Yup. This is gonna be interesting. Ya don't have 99,999,999,999 AS (prior to split) sitting around if ya don't plan to use them. I will be following the SS closely. The TA info is:
Continental Stock Transfer & Trust Company
Transfer Agent
1 State Street Plaza
30th Floor
New York, NY 10004
212-509-4000
http://www.continentalstock.com
cstmail@continentalstock.com
I'm hearing $60,000 or bust! Nobody saying slow and steady lol! My concern with GBTC is the 99,999,999,999 AS.
Thanks
Easy to get away with this on the OTC. Not as easy if uplisted.
Not talking about the split. I'm talking about 100 Billion AS. The OS and float are good here but having 100 Billion AS is not a good thing. An experienced investor knows these shares can and will be diluted into the market at some point unless the company decides to retire shares to lower the AS. If they had no intention of introducing shares into the market (dilution) they would have no need for 100 Billion Authorized Shares.
Do you understand how dilution happens? 100billion AS is not just going to sit there forever. Harder to dilute at $2000/share than $20/share. I suggest keeping a close eye on the share structure. GLTY!
Almost 100 billion authorized shares. This is going to be diluted to death at some point. Maybe not tomorrow, maybe not next week, maybe not next month, maybe not this year, but it will happen. That's the way of life in the OTC...
The whales are migrating.
Kudos on that intro to whomever is responsible lol! That is the best one I've ever seen lol!
$2000 traded today.
Yup, I sell my food stamps for GBTC. GLTY!
Never ever invest money you cannot afford to lose. I will buy again when the opportunity presents itself which it will. I jumped in emotionally and that was the mistake. GLTY!
Be wary of who you request info from on GBTC.
Bingo! Bought in at $2030 and BTC was at ~$14,000. Sold today at $1460 (took the haircut) and will jump back in sometime soon. Whether before or after split does not matter. I will make up the haircut exponentially down the road. I knew better and should have sold into the news.
How do you keep a group of Newbies in suspense? Tell them there is going to be a forward split LOL! I'd rather be getting a colonoscopy right now than reading this board.
Forgot about Friday's Happy Hour! 4-5pmEST?
You know what? It's been a long time since I've been here. My memory Ain't what it use to be lol! Thanks
When did the rules change? I just tried to PM (reply to a PM I received) and was told I needed a premium membership.
Thanks.
Thanks. Just read this:
"Before you get some Ripples on Binance, you need to have the same worth of Bitcoin, Ethereum, or Litecoin (or any other) to exchange for Ripple."
How long to get Verified on Binance? I registered with Bitstamp and was told the wait could be up to 2 weeks.
GBTC is 1,890 - 1,257.91 = $633 in premium.
So if I buy at 1,890 and sell at 1,890, I will only see 1,257.91 in my account? (not taking brokerage fees into consideration)
XRP. I haven't read up on POS yet. Is it about to explode? Lol!
I have been waiting for almost a week now.
Lmao newbie on board.
Been a looong time. Hope trading has been good to you!
Maybe in 60 more years, we might get some news here?
What??? ALGA sitting at .003????? What happened to all the posts stating this was going to the moon? Oh, thats right, they flipped out, made money and created bagholders. Nothing that 20-30 minutes of actual DD wouldn't have fixed......
It was all only a matter of time. Anyone who did any actual DD ran as fast as they could or flipped out.
BUYER BEWARE!!
Eddie Vakser is a Scam artist. He has fleeced many many people with all his company scams. Doesn't take much DD to find this out. This is currently being diluted to death. Anyone telling you different is most likely in the know to profit from flipping and selling to unsuspecting investors.