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Yes, it is "evening up" at EOD, point is, NOT after market trades as some think.
This is a SEC reporting, audited pinky.
I will be very worried after April 15, the last day to file with an extension, then they go "dark". I don't think that will happen IMO.
They have been raising a lot of money, lets hope they are buying peta hash power. Don't forget, I think everyone here was very excited with the 3.1 P/H test not long ago. I know, where are the machines? Patience.
GLTA
$MELYD
Got my shares at Etrade, have not tried to sell, being patient.
Thanks to the rest of you here for being patient, lets not shoot ourselves in the foot with panic selling.
There are NO DILUTERS on the ask. GLTA
$MELYD
That's only half of story, over 22,000 traded at the ask, 20,000 at .08 and two for 911 shares at the ask. Also bid just bumped a penny.
$MELYD
Yes, that's what I say too, just a shareholder on record date. We are free to sell shares or hold long term if we choose, IMO.
$MELYD
Good post tower92, very true, some should look in the mirror!
Good luck to ALL
$MELY
I have re-read many times, still not sure.
The rest of your post is not what I was referring to. There has been some posts here saying we have to hold our original shares we own now that gave us the preferred shares until conversion of the preferred, this is to lock us in. Like if I sold my 55Million, now 55,000 shares, no preferred divy.
I said not true, we can sell and still get our divvy, IMO. I have not seen anything that we have to hold original share to get preferred divvy shares next year. Poster would not provide link.
Long and strong, $MELYD
I hope I am wrong on post 49162, I have 11 preferred shares coming. But now I need to hear it from the company, "do we get 100,000 shares or 100 shares?"
I do find it hard to believe that we will get to dilute the company 15 to 20 times existing O/S with no proceeds going to the company to grow it. But read the rest of post 49162, the silver lining...
GLTA
$MELYD
Agreed! Patience will pay, IMO. GLTA
Moneybaby, please go to post 49162, take 3 minutes to read the Exhibit 4.1, then if I am wrong I will stand corrected. Please read the whole post too. GLTA.
Sorry, check out the 8K today, it seems pretty clear, better check it before you re-post, others will.
Come on Rocket you can bash better than that...what was it, something like 1606 shares in 2 trades on the bid, between MM's. The rest was 4 trades at .085 for 4,000 total and one at .08125 for 2,000. Give it a break.
You are not required to hang on to the shares, IMO
Rocket, how much dilution took place after the "ruse", I don't remember? Does any one know how much dilution after the "test"?
Just trying to keep this accurate, not emotional.
Important info. 8K today shows split on dividend common shares.
I am not a basher, and there is a silver lining, but...
The 8K addresses the convertible preferred C shares and the reverse split.
For those that want to verify, sorry I don't know how to paste links, but go to www.sec.gov, filings, company filings search, company name- search.
Open up the 8K today and open the Exhibit 4.1 and first page number 2, Anti-Dilution Adjustments,(a)adjustments for dividends, stock splits and combinations. It is clear to me we get 100 shares for each preferred. I did not buy 55 million shares for the divvy, I bought it for the play, the divvy was a 2% extra. Sure I had my fingers crossed that we keep the 100,000 shares, but when too good to be true...
The silver lining here- we don't have 100 million plus shares of dilution next February hanging over our common we hold now. We now have 7.5 million O/S share and yes there will be some more dilution, hopefully at a much higher price so not too much dilution required and that the money goes into equipment to increase our peta hash capacity.
With good news and outlook, we have great upside from here, IMO.
$MELY
Hey Diesel, the 8K filed today does not say we have to hold the common stock to get the preferred divy. However...
Excellent post Tower.
$MELYD
Bid back! 4 Market Markers
I managed to get 6M at the last minute, up to 10M now.
You know the old WS saying, "when there is blood in the street"...
$BTZO
IF my math is correct, 70 Mega Watts of power is a little over 100 peta hash of capacity.
Spondoolie SP31 machines consume 3,000 watts/hr. or 3KW/hr.
It takes 204 SP31 machines to equal 1 peta hash.
So, 204 X 3KW/hr. = 612 Kilo Watts/hour per 1 peta hash
and, 70 Mega Watts = 70,000 Kilo Watts
then, 70,000 KW divided by 612 KW for each peta hash
equals, 114 peta hash of capacity by year end, IF my math and logic is correct.
My understanding, each peta hash should find 10-12 coins per day.
If any of the above is incorrect, please post corrections, I will stand corrected.
Electricity cost is eight to nine cents per Kilo Watt hour, plus other overhead, assume BTC at $300. You do the rest of the math...you should be upset if they sold the company as some are wishing, not that we have not heard anything yet. Remember these guys are techies.
Note, I don't see any diluters on level 2 at this time.
Good luck to all here, many have waited a long time, lets be patient a little longer.
$MELYD
Diesel, please post a LINK to prove where you get this requirement. If you can't please stop the false posting.
$MELYD
That is very encouraging, it shows the T/A got the new shares from MELY. I hope they got all the new shares and get them distributed out quickly, that would show good intentions by MELY.
Long and strong here, patience should pay, IMO. GLTA
$MELY
Correct Sprycel.
After 25 years in Securities, no longer, I know you have to state the question more than once and more than one way, to someone with experience, and then get the same answer twice. NOT EASY, usually 4+ phone calls!
You missed the point, changes and un expected delays happen no matter the size company.
Thank you Sprycel, finally accurate un biased info.
The divvy will come, IMO. Now it is up to this board to not chase "newbies" away with their posting.
Let us all remember, this company has been mining bit coins, and is an SEC audited filer, I know, no guarantees.
Boeings new Dream Liner was way behind schedule and had some problems too, hey delays happen, and you don't always want to alert your competitors just make posting boards happy. There is a lot of great posting and DD here, lets keep up the good work and give this a chance to play out, won't be much longer, IMO. GLTA
$MELY
Because he has the same interest as we do, long term.
Why would I want him to use our capital to move this one tick before the split, so you can get you tick flip? Wanting a small, struggling company to use capital to buy back shares at this point in their business, shows me all you are interested in. MELY needs the capital to grow, not waste it on tick flippers wishes.
I agree, a higher price before the split would be good, but not at the expense of much needed capital. They may choose to give some news Thursday or Friday or wait until the split. We will see soon. GLTA.
$MELY
He doesn't have to, he owns 22 preferred shares at 100,000 common per share conversion. All he needs to do is get the post split price to hold up and grow, then we all benefit, especially those of us who own preferred shares.
$MELY
There won't be that many preferred because not all are held in 5 million blocks, but probably over 1,000 IMO.
$MELY
Lets all not forget Brett owns 21 or 22 preferred shares too! I think he has far more to gain with the success of MELY after the split than any trips to Tahoe this winter!
Not ALL pinkies drop after a R/S, it all depends on the news, IMO. Good news with the split and we move up, IMO and many here will wish they were patient, but hey you can always chase it.
$MELY
I don't know anyone personally on this board, so please post a screen shot of your emails, that will satisfy all. Thanks. GLTA
$IDGC
ETrade is great, IMO.
Well, if we got scammed, with the PR provided, they better be on their way to South America because it is not shady but blatant, IMO.
Just because you don't get your press releases when YOU want them so you can "tick flip", well too bad, you should have picked one of the 98% of the OTC plays that ARE scams. IF you own shares, you will have to be patient and hey, you just might actually make some serious money, IMO.
$MELY
Please post responsibly or not at all.
It does show your ignorance, not stupidity, ignorance.
And please add IMO, so newbies don't take it as factual, I know it is assumed here, but newbies don't know that. Good luck, but you should have bought 5 million shares to get a divvy, IMO.
$MELY
Volume before price. SOMEONE, or group bought some stock today.
This was brought up to SEC reporting standards for a reason, IMO.
Lets be patient, has to report 2014 year results by end of March, or file extension. Should be some news too, IMO.
$TNEN
Sorry 360, but transparency to you and a CEO are two different meanings. Some things require discretion, because of competitors and reverse splits for instance. Patience, please. GLTA.
$MELY
Roughly only 100 million preferred share conversion dilution.
Assume 5 billion of the A/S shares were held in blocks of the minimum 5 million to get the preferred share. So about 1,000 preferred shares to be issued, plus or minus. So 1,000 times 100,000 common converted equals 100 million shares of dilution next year.
Holding long and strong, I think we all will be very happy, preferred held or not, all share holders should be happy, IMO.
Go MELY.
Do they HAVE to file an 8K if they are not an SEC reporting company?
$AVEW
That is big FFFan, please post a link. No Link, then just bashing.
Every one concerned about an 8K and equipment purchased please go to post 47372 and skim thru the link. Particularly Section 2 Financial Information, Item 2.01 about 2/3 down the page-..."otherwise than in the ordinary course of business". You will also see "parties" and "entities", referring to assets bought and sold. Please find something that talks about equipment and I will stand corrected.
Yes, when Sears sold the Sears Tower they had to disclose it in four days, but some on this board think Sears has to disclose if they buy a container ship load of TV's for a big Christmas sale to blow away Best Buy, I don't think they have to. It is called corporate secrets and corporate espionage tries to get those secrets. Item 2.01, ..."otherwise than in the ordinary course of business". It makes no difference how much profit MELY can make on the equipment, I don't think they are required to file an 8K, therefore no 8K, they don't think they have to, IMO.
If some one can point out clearly that it pertains to equipment assets, I will stand corrected, but what I read seems to pertain to other corporate assets like real estate, subsidiary purchases or sales, mergers... "parties" and "entities".
I think they have the equipment, period! No 8K required, sorry tick flippers you will have to be patient a while longer.
All in my opinion, GLTA.
$MELY
Don't forget CNN Bitcoin show at 9:00EST
The current MM are not dilutors. NITE @22M and ETRF @10M.
We are at 100M volume, someone is buying! Patience.
$UNGS