Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Is Steve a child? Now hes looking at a M&A with a smart glasses company? He makes millions by taking from shareholders with his incredible comp package, just to start over doing same with another potential company? Hes paying himself more that many actual top ceo's in the country make. I think hes totally lost his mind and is acting like a spoiled child.
What comapny would merge with a comapny whos ceo just paid himself $15 M as comp for a year where the company SP has tanked and company destroyed? Orig shareholders are losing everything, maybas well start the lawsuits to make this piece of chicken blank lose everything as well.
$15M iin ceo compensation? Am I reading that right? For destroying the share price? For running this comapany into the toilet?
Seriously something has to be done. Ive never heard of anything like this in my entire life.
Most liikely, with the heat in TX, the machines have been idle for much of past two months. Im thinking the qrtly numbers are gonna br squat.
Stevie boy was full of bs regarting 3-4 m&a's it appears too. This company's prospects are all gone IMO. Thanks Stevie boy.
I think Stevie boy is just trying to hang on until btc makes its run again, then the tide will just make this rise. With absolutely zero help from anything Stevie has done. Just like last time. Then he will sell a few million shares and pretend he's a god. Only reason it'll rise is because it's in this sector. Just a guess.
You're probably quite right in Stevie knowing more on the crypto happens than I or most here. However, he has proven to not have a clue as to how the stock market works imo, and many others here. And he's only kept the company alive by selling shares, raising the share count, and paying himself nicely. How has he delivered any shareholder value over the past 3+ years? Where is the the SP compared to almost any other miner? Come on now Trader, please elaborate on how great Stevie has done, other than to keep saying we're still operating. Good Lord, get a new line. Where is the growth, where are these supposed other businesses, where are the M&A's he keeps talking about? Please, do tell.
I used to respect what you had to say, but now everything just sounds like you're in his back pocket. Giving him the benefit of the doubt no matter the outcomes. I used to have total faith in Stevie, but no more. Again, I hope I'm proved wrong. But his handling of the machines, transfer after transfer, leaving the machines not running for months on end, eroding their longevity, and then to top it off with the debacle of RS, just wow. That clearly showed his ignorance regarding stock market history. Sorry, but no way I have any faith in Stevie.
And yes, I can stand the heat in a kitchen, I can't stand for a possible con. So I will stay in the kitchen, and I will continue to voice my opinions and concerns. I have paid my dues with a milliion plus shares, so if you don't like my comments, please mute them. Seems more here agree with me than you. Hmmm.
What difference does it make whether its 1 share or 1 million shares? I believe Steve has destroyed this company to the point of no return. Yeah right, in his last pr he stated he had a number of very solid M&A suitors. BTC has risen, almost every single miner's stock has gone up 40-60% since then, and ours still languishes 50% below presplit levels. Seriously, are the suitors just waiting for the price of BTC to $50K before they make a move, missing out on all the profits? I'm thinking not, and that it was just a bunch of good 'ol Stevie garbage talk. All my opinion, and hope I'm wrong, but right now I'm looking pretty right.
Crickets, crickets, crickets. Steve must be driving himself crazy trying to decide which of the many m&a choices he has lined up to work with. Pathetic leadership skills, it’s what’s best for Steve and to hell with the shareholders. Keep everyone in dark hoping we all go away.
Steve has already done his 2023 update for the year. ‘24 update will prob be in 03/24, right before halving. He will prob state m&a’s are really picking uo steam, now 7-8 companies are interested. But “might” need to do another RS since outstanding shares will ahbe increased to 100M again. Just an educated guess based on history.
Aint gonna happen till this child clown ceo steps aside.
Just love how these M&A's are progressing. Must be very strong offers that Steve can't even make up his mind as to which to proceed with. I'm getting giddy with excitement. (Yes, sarcasm)
All valid points Fly.
Steves blocksd me from his twit acct. Thanks for the post dipbuy.
I will agree with steves take that itll be around sept before btc starts taking off.
However, the rest is just the same mumbe-jumbo regarding m&a’s. He states hes been approached by 3 companies to merge and uplist. So how does m&a, uplisting and doing new ipo help any current shareholder other than Stevey boy? Please, anyone, please explain to me. Retire debt? We are supposed to now be fully debt free. Unless steve is lying, and raised capital thru debt offering so he could pay himself.
Still zero trust or belief in this comedic ceo. Too many screwups and bs PR’s, along with 1000% blowing the RS debacle.
Again, anyone out that can, please give a logical scenario as to how steves plan benefits current shareholders.
100% correct in my opinion as well. Steve has eff'd over shareholders for his personal gain, and is just trying to find newbies to eff over as well, again in my opinion. He rode the original hype train, but when the train slowed it truly showed his abilities to run the company. Unfortunately, for all us shareholders, the train appears to have made us jump off mid bridge.
Im guessing the d comes off when he removes himself as ceo.??
Eli,
I dont believe he did the pre announcement to help anyone out. It was an inexperienced and naive decision. It double-dipped the SP crash. There was no chance for a choice to sell, the SP crashed the moment he mentioned it.
And as for this now being a takeover target, at what price? If Steve had kept his mouth shut and also not done RS, SP would prob be in the .055-.06 range now with bitty in $28k range.
So again, at what price on takover or merger? .03, .04, .05? Still way below what SP would have been without RS.
Personally, I believe Steve has alternative plans that are only going to benefit himself. My opinion, and hope im wrong. But right now it doesnt appear that I am.
Steve happened. Simple as that.
Maybe an announcement that Steve is stepping down, and hiring an 8th grader to improve the decision making?
Not fully flush, correct, but there's a clog and this is just gonna slowy leak down for current shareholders. After whatever Steve has up his sleeve, he's gonna be the only one who gains with this. After all the dust has settled, current shareholders value will be around .01-.015 compared to the destroyed price of .035. Yes price will be adjusted to the $4.25+/- post split, but I'm guessing that will move down to $1.75 range within a few weeks. Shorts gonna kill this.
And Steve will just issue himself more shares, so this won't be hurting him one bit.
Please God, I hope I am totally wrong, but past experiences tell me differently. And I have zero trust in anything Steve says or does anymores.
Steve just made himself very wealthy, too bad its by f’ing over all shareholders, and most likely just issueing himself millions of more shares. Disgusting. Same ‘ol penny stock scam. 2nd worst ceo of any company ive ever owned shares in. 1.35M shares basically just flushed down the toilet.
You may be right Strat, it may not be by design, but then what does say about Steve and his abilities to run this company? Make a remark that craters the SP in half and does nothing to correct it? Especially when bitty has gone up 25% since he made the remark, along with miners all going up 30-60%?
I could be wrong, but I truly believe this is by design, for some type of benefit for Steve. To hell with us long term holders. His inaction says a whole lot.
Such a special CEO we have. Only rehashing what everyone already knows, but like most, am pissed off at Steve's incompetence.
Feb 06 intv is at approx .045, one week later Steve announces "possibility" of RS, stock drops within a few days to .02. And that comment is the only reason for the drop. Steve does nothing to retract or explain in more detail. Just crazy.
Fast forward to 4/13, bitty has moved from approx $22K on 2/06 to $30,500 today, approx 28-30% increase. And moving fast towards the $38K-$39K resistance.
What has intv done since the big drop to .02, go back up to .033 (current). Still a 27% drop from the .045. Almost every other miner's share price has increased 35-50%+ since bitty was at $22K.
Way to go Steve. What's your plan here, line your pockets or those of friends by keeping the SP low until you make another announcement?
Just curious, cause what you're doing ain't working out to well.
Couldnt have said it any better KU.
Agree Fly,
In my opinion, I do believe this has been intentional stock manipulation for accumulation by someone. By Steve for someone Steve knows as he is the one who threw out the RS talk killing and stalling the SP. With the way bitty has continued its run, and where we were at prior to the idiotic statement by Steve, we would most likely be much closer to .055-.065 right now. Steve has done zero to remedy those remarks, so I believe that even gives more credence to this theory. Just my thoughts and opinions.
Sorry Mad, No way dollars are coming this way. Looks like the only one whos gonna be a part of this moving forward after RS will be Steve, he will just reissue himself millions of shares.
Appears to be turning into a typical penny stock scam. I thought this one would be diff but it appears not.
Increase of 20M more shares to the outstanding count. Why? What are the funds being used for? Company is mining apprx 5 coins a week at a supposed decent profit. Where are these funds going? Steve isn't buying any more machines at this time, no expansion in the works that anyone knows about. So almighty leader kills the share price with a stupid RS comment and takes no responsibility, and then he goes out and issues another 20M shares at most likely these lows since he's crashed it. Great leadership. Is he feeding shares to his cronies at a discount? His rants over on twitter sound like the rantings of a drunk.
He and this company are turning into a clown show. Would love to see how much his comp package is now, probably every single penny of profit along with millions of shares, so when he does his RS it won't affect him at all. Guess he doesn't believe in Karma.
Exactly Dip.
How is it possible, with supposedly almost zero debt, more machines up and running than ever before, making profits(unless Steve is taking them all), and we are at the same SP as when btc was $16K? Only one reason, we all know what it is, and Steve won't address it or deal with it.
How amazing is this, we cant even get a participation trophy in this big rally. Way to go coach Steve. This is 100% on you. Keep wasting your time on twitter ripping biden(im ok eith that part), and reposting everyone elses business instead of dealing with the problems youve created here. This is pathetic leadership.
Looks like only one person making money off this company. Great job Steve. Thanks.
Steve has to admit his mistake. Come out and say RS is fully off the table until SP is much higher when bitcoin itself has moved much higher rising all ships. One sentence has destroyed half the market cap of this stock. Who in their right mind would do that? Remove the doubt Steve, you created it. I'm not against a RS that is done at a much higher SP, probably a good idea. But not at .045 which is now .023. Absolute ridiculous. Why not just keep mouth shut until full plan is ready to go so shareholders could understand and put value to it? But to just throw out it's a possibility and see it crash the price, why? And then sit idle? I'm guessing he doesn't give a squat as he has millions of shares and will just re-issue himself new ones post split.
Still in hiding, huh Steve? Crater the stock for no reason at all by making one stupid RS comment. Or was there an ulterior motive for making the comment and crashing the SP? Down 55% from where it should be based on other miner's price actions. Come out of hiding and do something Steve, you created this mess.
Agree with you Trader, and that is why I'm ticked that Steve even brought the RS up, even if only say it's a possibility. There was absolutely no reason for it. All it did was cratered the SP, which will now not recover until it is explained more and calms people's fears. Bitty could jump to $28K-$30K real fast here, and we will still be stuck down here in this range. Crazy.
These are all great signals and articles KU. Thank you. Not to rain on the parade, but with what Steve stated and just killing the SP, Im afraid this stock isnt gonna be a participant in the great run. And normally im a 99.9% positive person.
Crickets from Steve on price collapse. Starting to look like his only plan is RS, dilute, collect his salary and reissue himself millions of shares. All the while killing current shareholders shares. Doesnt hurt himself at all. Just my opinion, and God knows Im hoping im wrong. I was so excited for this stock but now have lost faith.
Wonder how long Steve is going to stay dark now, after seeing what the responses are to his RS comments and how it has destroyed share value?
And yes, he does read these boards, you can tell he does cause when important stuff is brought up, he usually responds in general on twitter the next day. Never mentioning the message board comments though.
Great finds KU, just don't know how much that's gonna help us current shareholders if Steve keeps to this possible RS strategy.
These articles pretty much confirm that bitcoin isn't going anywhere. Except disgusting human being Soros does also invest in companies or industries he plans to destroy. All depending on his end game.
Great call Trader on share buyback. Maybe a combo of both buyback and RS, at least this way RS wouldn't be as bad. Still would not like the RS at these levels though.
If Steve had stated he was considering a buyback instead of RS it would have had the exact opposite effect driving the SP much higher, especially with bitcoins action today. Then in a couple weeks, slowing bring out the plans of RS and reason why. Would have been much better way to release it.
What's Steve going to do if the SP doesn't recover from this news? Still RS with shares at .02+, ridiculous. Big problems.
Amazing how one tweet can wipe out 40% of share price in less than 48 hours. I'm saying 48 hrs cause someone knew of the plan before hand and got out early.
Absolute killer. Steve has some explaining to do. He may think he's a lone wolf here as he's really the only employee, but I'm sure there's a lot of shareholders who have money that will be more than happy to hire attorneys. Which never amount to much either as the only one's who make money there are the attorneys. But it will happen imo.
Come on Steve, give the shareholders more info, and stop this bleeding. Beginning of bull market in crypto and you play this card. Seriously?
Yes, I'm still ticked.
Agree completely Strategyone. I've been invested in intv for years as well. Have continued to ave down through this bad cycle and have just under 1.2M shares. I was just getting ready to purchase more, but no way now. I originally thought we were on the same type of path as hut & bitfarms took which would have been great. With the bull market approaching cryptos and especially bitcoin, I think this is horrible news for current shareholders. There has to be something positive we're not seeing or getting. At least I'm praying so.