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I guess it comes down to how much the patent is worth. We now know they had $1.87 in net cash on 12/31 so probably around $1.75 now with the trials being halted in February. Is someone willing to pay $1, $3, $5, $10 per share plus cash on hand to take it over? I have no idea but would imagine $2.50 would be the rock bottom? Also there is almost a million shares shorted right now.
$1.87 in net cash per share!? Also states they are going to sublease the development center. Doesn't take a rocket scientist to figure out what will happen. Return cash to investors and sell the patent maybe?
Only 38k in volume today. This is going to pop fast if 10-k is at or above expectations. Should have around $1.65 in cash on hand now. How it went this low I have no clue.
It hit .55 and closed at .60. The 10-k isn't due until 3/30, not sure where you are but here it is 3/26. Not exactly sure how that makes it overdue.
The lawsuits you refer to pretty much shows up on any IPO that has a significant decline.
Nice try, it isn't due until 3/30 and ALL of those "sources" were unconfirmed.
Nice try the 10-k isn't due until 3/30 and according to the company themselves will be filed on time.
The lawsuit is nothing more than a lawfirm trying to make money off of the shareholders and was news early last week.
It is not delayed it is due by 3/30/16 and according to my email exchange with the company will be filed on time. Fidelity has it being announced next Tuesday before market open.
Why does it state these shares were disposed at $0 per share? How does that make sense?
Statement of Changes in Beneficial Ownership
Where did you get that quote from? Did it come from dr shoon?
Double digits by next Wednesday...upper teens within two months IMO
All of my post are just my opinion, do not take investment advice from me, buy or sell at your own risk
Had a chance to load up the past two weeks. I have been following since the IPO, expect it to be back in the upper teens lower 20s by year end.
All of my post are just my opinion, do not take investment advice from me, buy or sell at your own risk
Thank you, is that where they will be from now on? Or will they go back onto the one they were using for beta?
Could someone post a link where you can see the servers? The one on IHUB doesn't show anything, was that just for testing?
Has anyone actually heard back from them? I've tried both and they never got back in touch with me.
Probably hooking up the other 97 they received today, and typing up a Pr for tomorrow. All IMO
I emailed them about a month ago and called them last week, left a message. Never heard anything back.
Why would they have them all delivered by end of month and not have them running for 6 to 8 months. Won't they be outdated by then? Not critiquing you but just trying to understand. I wonder why they didn't clarify at least on their website what exactly they meant since the last PR made no sense.
There are two ways to interpret the last PR. Either they have the 100ths up and running by months end or in 6-8 months. It literally didn't make any sense. You would think they would have proof read it. I hope it is by months end.
That is true however we won't know till next week. That says first shipment next week then once every couple weeks until finished at months end. Literally doesn't make sense. We would be much higher if whoever wrote our last Pr wasn't written by someone with a 5 year olds IQ. Not bashing just getting extremely pissed off.
Don't think we will see any this week. We need something to save us if we don't get one by next Wednesday this could get ugly.
I have a bid in for another 7 million at .0018, if someone wants to fill me that would be great:)
Has anyone ever reached Brett? I have left him a message once early last week and sent him an email several weeks back. Never heard a thing back.
One other nice thing about mely is I haven't yet seen a paid promotion, or pump and dump. Alot of penny stocks do that.
I agree, someone mentioned a concern of them not being able to attract new miners a week or so ago. It doesn't get any more attractive than being able to mine with a company you are invested in.
The 6 to 8 months was old from what their previous plan was. Once people realize this we should run. From my understanding that should be some time next week. All imo
As soon as next Monday we could receive the servers...would not want to be out of mely going into this weekend.
Over 36% shorted on a low volume would explain it..
http://otcshortreport.com/index.php?index=MELY&action=view#.U5Mv-xLna2c
Good idea. ..how about someone that knows a lot about mining comes out with realistic revenue projections once we are at 100ths and if we expand to 200, 300, ect.
My guess is that is your bid at .0023
Nice! What about the one the winklevoss twins are starting too? Let's get the word out!
My guess is the next expansion is much larger and I expect that to be announced when we reach the 100ths later this month.
4.039 TH/s
WOW over 11 million on the bid @ .0023
Do you have a link for one of these?
Why don't you just tell us to call brett, there is no shareholder meeting listed anywhere. Stop making up stories. I haven't called.
I see that but why are you the only one that knows about it? Or did I miss something?
7 active workers! You people are nuts for selling.
Where did you see this?
I agree, I don't see the dilution. Also, it is getting shorted almost 40% every day.
I think whoever stated there was one 15 million shareholder that was holding us down yesterday is correct, eventually they dumped on the bid.