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Why do you think this will move until we get news. I would bid sit at .0001 and take the chance on news before I got filled. When I free up some more money, I won't "slap the ask" so you one tic flippers can laugh all the way to repurchase at .0001. When news hits, the whales will move in big time, .0002 will fall faster than many can change their orders, IMO. As we get stock into stronger hands, we can move up quickly, we have a business, cash flow shortly, hot sector, smart money flowing into the sector, this spells higher share prices, IMO.
Yes, everything has to fall into place, but show me another pinky that has this potential, product, and new management in place. I am placing my bet, being patient and hopefully others see what we have here, IMO. GLTA
$MELY
There is no R/S proposed!
Just a "what if", sorry if you interpreted wrong.
$MELY
That is speculation on a R/S. FINRA and SEC would have to approve and it would really stink to them IMO if it was tried. To R/S the common and protect the new preferred smells fishy.
Also for a company that wants to gain the trust of miners and being transparent in the business practice, I don't think that makes much sense to do a R/S now. Just my opinion.
$MELY
Fully agree, but a R/S, followed by good PR and growth/cash flow, good outlook, etc. should keep the price up after a split, unlike most pinks that have nothing in the way of product, we have a cash generating business. Think about it, plug in the machines and let them mine money, cash flow.
If there was to be more dilution to help grow faster and the money was used to do that and the share price was much higher from a run first, then a split, I could live with that. It would not require much dilution to raise big money, but it would need to go into more mining capacity, not their pockets. All IMO.
IMO, the big money flowing into BTC, is not betting on $300 BTC prices going forward. Limited supply, increasing demand equals price increases. Patience and "follow the money". GLTA
$MELY
A simple value the company, PLEASE READ.
Is 7.5 billion A/S and O/S a valuation problem? No, not IMO!
Assumptions:
A 10Ph complex (you can take 70, 80, 90 110 or 120% or ??)
$300 BTC value
SP31 machines
.08 Kw/hr cost of electricity
204 machines per 1Ph
.5(one half a coin mined hr. per 1Ph)
24 hr day
12 BTC mined/day per 1Ph
120 BTC for 10Ph complex
$300 BTC X 120 = #36,000 per day revenue
Expenses:
1Ph = 612Kw/hr X .08 = $49/hr X 24 hr. = $1175 per day
10Ph= $1175 X 10 = $12,000 per day for electricity
Est. other direct exp. salaries, rent, pizza etc. $4,000 per day
$36,000 Revenues
-$12,000 power
- $4,000 Rent salaries, pizza etc.
$20,000 Profits day X 365 days = $7,300,000 year
Assume a 30 Price/Earnings ratio (S&P is 20PE now) Remember this is a hot sector, big money flowing into it, a 30PE may be low.
$7,300,000 X 30 P.E. = $219,000,000 valuation
7,500,000,000 shares = .03 per share at $219,000,000 valuation
Think about this, for every $100 in BTC increase in value, that all comes to the bottom line, at the same P.E. = 1.8 cents a share increase in value. If BTC gets to $600 that is over .08 a share.
Feel free to correct me here but please don't nit-pick me over something small, just trying to show what could maybe unfold over the near future. IMO. Also thanks you one tic flippers, I was able to get another 20 milly today at .0001, up to 55 milly now and NONE sitting on any ask. I see a potential life changer here, IMO. Be smart, not emotional, let this run. Good luck to all.
Thanks for all the great DD on this board.
I will say this again, sorry I can't write it in crayon for the one tic flippers, but... "FOLLOW THE MONEY"! VC's and Wall Street, big bucks going into BTC! FTM!!!
Sorry tic flippers, had to give you some grief, please spread out your sells.
$$$MELY
How many coins can 1Ph mine in an hour AVERAGE?
I see some different numbers thrown around
Thanks
Go $MELY
Would someone please update the share structure on the home page please. Thank you. $$MELY
Starting with me, I have 35 million and not one share on the ask. I have enough sense to let it run. I can see I have one in a 1,000 winner here and am not going to wish I had the balls to see it thru. Let your winners run, go ahead sell your losers for the one tick gains and try to find another winner, but do your DD and be patient with MELY.
I will say it again, "follow the money". When the VC's and wall street are investing at a higher rate than the internet start in '95, chit show some backbone, do yourself a favor and move your sells up the chain. GLTA.
Go $$$MELY
No one is going to agree with me, but let this thing run up for dilution sakes! I would rather see the last billion of the coming dilution, at 3 or 4 times what they have been getting lately. It will give them more capital, less chance of an A/S increase or dreaded R/S. Although a R/S MAY not be the worst thing to happen, if they followed up with good news and communication. All just my humble opinion, GLTA.
Go MELY
Please folks, take down the wall of 2's we have 3 bidders and 18mil now, let her run, have some balls, much more upside long term, IMO
just got a bid!
How do you expect this business to grow without dilution. It takes capital to put in equipment and for overhead. If the money was not going into growth, I would have a problem too. Yes, 7.5B A/S would be a problem for most pinkies but we have a real company close to flipping on the cash flow switch, and they can grow their way out of 7.5B thru share buy backs, IMO. It also comes down to the valuation of the company. IF management comes thru and we grow to be the biggest BC miner in the US, a $750,000 current value at .0001 is waaayyy toooo low of a valuation, IMO.
I just bot 10mily more this morning before the news, and not sorry I did. Big VC and Wall Street money is flowing into bit coin startups. Old saying in this business..."FOLLOW THE MONEY". I can't play with the VC's, so its look for opportunities in pinky land, buy and then be patient and unemotional, and don't bash my own stock, dahhh. Good luck to all. MELY.
You hit that on the head! Patience, something that many don't have much of.
There is an old saying, "follow the money", there is a lot of big, sophisticated money moving into bitcoin startups.
Go MELY
I tried to buy 5M more in the last nine minutes and could not get filled. They filled two earlier today, each for 5M in just seconds and less than a half a minute.
I will try again on the open. GLTA
MELY
Both VFIN and BKRT are on the ask showing 1M but I bot another 5M an hour ago and didn't move either one or the other 3 MM, so it had to fill from their hidden stash. Probably going to buy another 5M before the close.
Waiting patiently for the news, go MELY.
GLT all.
82 million, but 3 known dilutors, 2 hiding shares so not sure how many left. lets hope the dilution is over soon.
I like the DD on this board, but I am concerned that it is valued at 7.5 million dollars at .0001. Great company, will probably buy some tomorrow and wish I bought more!
I need a reason to buy into a 7 Billion share float, that can't get off no bid with great news and with talk of potential value of multi pennies and even dollars. There is wishful thinking of share buy backs, but no money to do it. I am kind of new to sub pennies but I was 25 years in the business, so help me out here, this smells like a potential R/S or dead money. All this volume has to be worked thru again on the way up and my guess many pumpers here are 1-3 tick flippers. It looks like there is 7B shares O/S, DOMK has great news but still NO BID. Help me out, what am I missing?
Thanks
Patience, news will move this stock, IMO.
He didn't bring this up to SEC reporting for a so so annual report, IMO. GLTA
TNEN
My guess is the website is being changed, not fixed. Just not ready to disclose the changes yet, lets hope soon. UNGS
WOULD SOMEONE PLEASE POST THE LINK to this supposed 1000:1 RS.
Did I miss it? If no post, then please stop posting opinions that sound like fact. This is my second request, no post yet.
Thank you.
Please provide the link on the request to do another reverse split. Thanks.
E-Trade is great.
Retail can only buy and sell out to 4 decimals, no matter who you use.
Could it be they only got filled on a limit order for those shares, filled out their form 3 for that purchase and have been buying more, therefore more form 3 to follow?
Right place, wrong company search, thanks Pr0xy
Please help, I am trying to learn how to find these filings on the SEC website. I found all form 3's posted today, none for AVEW insiders. I also searched avew holdings inc. form 3, no matches.
What am I missing here? You guys have been doing this a long time.
Please just provide the link I can see how you got there.
Thank you.
Where is that link ruke?
Good post Trader! AVEW
The $5 million could have specs that require its used for expansion?
You all assume the billion shares was from the company. Could it be a coordinated sell by the note holders and buys from the insiders and friends and relatives. Those shares moved fast, the purchase orders were already sitting, waiting. Therefore the company is "not selling shares". We have to get the note holders out of the way anyway. All in my humble opinion.
Lets be patient. good luck to all. AVEW
So you believe their newest member of the management team, a highly respected attorney with a great bio, decided to throw his career and family away? And maybe get wardrobe change to an orange jump suit? I don't think so, IMO, but hey, maybe.
I will give it some time, too much potential IF news is good, IMO.
You still didn't answer, who bot the shares, all in 5 minutes. You are saying all us little peeps had orders in for a billion shares. There were a lot of big tickets on L2, did you see them or do you have L2?
Someone bot all those shares.
Lets see what they plan to use the money for.
Cool heads and patience may well pay off, IMO.
Absolutely!! Gives credibility to the company and CEO, IMO.
I really like TNEN, own 10 million, buying another 5 by noon.
Good luck to all, go TNEN.
I am as exited as you that TNEN is in bed with Devon, a billion $ company! Go TNEN $$$
Serious question, not asking to hold my hand.
How is .051416% of one well producing 116 BOD that big a deal. Please what am I missing? It is not .051416% of a billion of Devon profits. Please tell me you don't think that! Go TNEN $$$$$
Jamesthaman, help me out on this.
I am not bashing, I own 10 million shares, and like what I see. But where is this billion dollars, I understand the .051416% but that is the royalty on one well, 116 BOD, 308,000 MCFPD. So what does that $ number come to?
It is great they are "in" with Devon but it is going to take a lot more than this one well to make this a penny stock. I think this is going to be great, hope for a penny, buying more in the morning. go TNEN.
Why all of a sudden now, there was 400+M on the bid for a couple weeks???
Somebody a couple weeks ago thought there is value in those big purchases that were "well orchestrated purchases" to quote some highly respected posters. Just IMO!
I am sure willing to be patient until mid February.
EXELLENT POST, actually showing logic and not emotion.
One thing I learned in the securities business over 25+ years is many investors are far to emotional for their own good. It's like they can't remember why they bot the stock and THEIR last positive logical post. Why not wait until the end of January for EOY financials. He said he was intending on becoming a SEC fully reporting company, well, WAIT and see. I get so tired of having my position bashed when I know I bot a lotto play, hell all these are lotto plays! If they can't make a decision and live with it then maybe they should go back to CDs. They need to stop trying to save the world with premature wolf crying. I would agree, February 15th is deadline with an extension for filing EOY reports. If no communications by then, THEN call the SEC/FINRA.
Linkvest, you made good points, things change, give it a chance to complete. And you hit it right, short of inside information, a few on these boards would not be happy with any communication. He has to be careful what and when something is said. All those .0001 buys appeared to be orchestrated trades and were done at .0001 for a reason, IMO. If he was alerting us to every positive info, the stock would have been higher IMO and not that was what was wanted at that time. OHHH poor one/two tick flippers!
If any one bot this to hit a lotto play, PLEASE let it play out, give it a chance. ALL UNGSers out there please re-read linkvests post. Lets change the mood here and give this a fighting chance.
Thanks for all the previous DD. Good luck to ALL.
THANKS rhaywood!