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That appear to be just one large purchase.
Buy volume: 231,175
Sell volume: 219,000
Not exactly lopsided, but it's good to see more buys than sells. Friday is a short trading day; hopefully, INTV can continue this trend.
BTC just went over $7500. Still expecting Bitcoin to move up sometime between now and the halving. Also, just too many people buying and holding.
If you are talking about the predictions of BTC going up, I don't think it's a matter of if, but when.
As for INTV, it needs some good news to spark some interest again.
I agree that the halving has not taken affect yet. Also, there are hundreds if not thousands of people who buy every few weeks and sock it away. BTC will eventually go up.
The good news is that, so far anyway, this price point is about where the selling seems to slow down and there always seems to be someone ready to accumulate here. For how long though is anybody's guess.
As you said, BTC going higher will change everything.
That $218,000 owed, which really isn't that much for a business, is a killer for this stock. Too bad there isn't a better way to eliminate that debt.
I do agree, I have seen much much worse than this before with this kind of financing. 58 million is still low, and the company seems to be in an excellent position right now. But this one is not done yet, and it has really killed the price up to this point.
I would like to know if the diluters are willing to sell at any price or if there is a limit to how low they will go. This has bounced off this price point before so fact is, this could be the bottom. The other question is how many shares will ultimately be issued, or are there too many variables to make that call?
This is not a scam. It's called toxic financing and it has distroyed this stock. I grow weary of the unsubstantiated references to a scam. But I also grow weary of the unrelenting dilution. Only 58 million shares out and making money but the price continues to fall.
Just thinking out loud here and I don't know if this is doable, but too bad the CEO can't just get another equity based loan, where the payout is based on some future price, to pay off the current notes. The assumption here is that with INTV's current favorable business setup and with Bitcoin's inevitable rise in the future (the halving) there would be far fewer shares issued. It would also stop the current dilution.
Increase In Earnings: from (0.18 cents) to 0.01 cents
Increase In Net Income: from ($1,700,222) to $269,503
Increase In Mining Revenues: from $100,465 to $107,465
Increase In Mining Equipment Purchases: from $37,146 to 110,281
Reduction Of Total Current Liabilities: from $2,208,259 to $1,142,577
Reduction Of Operating Expenses: from $2,654,852 to $107,385
Reduction Of Loss From Operations: from $2,740,867 to $227,003
Reduction Of Stockholder's Deficit: from 1,088,343 to 30,970
Well, nobody is chasing yet (the stock), but the numbers are a huge improvement. There's simply no interest in the stock at the moment.
From the latest 10K:
"On January 19, 2018, Integrated Ventures, Inc. and St. George Investments, LLC entered into a Securities Purchase Agreement, pursuant to which St. George purchased 462,900 restricted common shares of the Company for $750,000. The Company received net proceeds of $720,000. The Company had issued to St. George, a three-year warrant (the Warrant) for the purchase of 347,175 shares of the Company’s common stock at a cash exercise price of $2.16 per share. The Warrant also contained a cashless exercise option. On June 26, 2019, the Company and St. George executed an Exchange Agreement, pursuant to which the Company issued a new Convertible Promissory Note, in the original principal amount of $500,000, in exchange for the surrender by St. George of the Warrant. The Note bears interest at the rate of 5% per annum and matures six months from the issuance date. St. George shall have the right, exercisable at any time in its discretion, to convert any amount of the Note and accrued interest into common shares of the Company at an exercise price equal to 80% multiplied by the average of the three lowest closing trade prices of the Company’s common stock during the twenty trading days immediately preceding the applicable conversion date. The Company has the right to prepay all or any portion of the outstanding balance of the Note."
Prepaying the debt would cause this to skyrocket...but don't see that happening. Mostly selling lately, but some are obviously accumulating in this price range.
"Lots of chasing coming up."
I'm hoping this holds true at some point. Plenty of dilution, but it can obviously pop with any kind of buying. The problem is that there is no buying yet. I'm hoping the Quarterly changes all that.
Tha last two years has been horrible for this stock no doubt, but all stocks have a bounce sooner or later. I'm curious to see if that time has come for INTV next week.
This doesn't mean I think it will go positive; I have no idea really. I don't know if the Quarterly will come out in time, if it's good or bad, or if some other positive event may be revealed. I'm also not sure if the market will even care. But for those who take chances on these small stocks, this may be the one to play next week.
INTV needs new investors, so I'm hoping there is a catalyst to get more people interested.
FYI: The stock market is open this Monday.
Total shares out now: 51,840,649
Next week is important for INTV. The Quarterly should be out, and with it I'm hoping to see profitable mining and more clarification on the current status of money/shares owed.
If the Quarterly looks positive then it comes down to Bitcoin, which I believe will eventually head north.
I'm hoping the "Market" agrees with you. Right now the market isn't anticipating much. I also hope that if it is a good Quarterly that someone takes notice.
The stock needs a catalyst to attract new buyers. I was hoping the anticipation of profitable mining in the next quarterly would help, but I think the same cast of investors are mostly done with accumulating.
I do appreciate the CEO keeping investors updated on Twitter but the fact that the future total outstanding shares is unknown is causing investors to hesitate.
As some have said it's been quiet lately so I'm hoping that indicates we'll hear something official soon.
Don't know about 2 million, but I think many would be happy with $20,000 by then. Personally, I think it's a given it will be there and higher sometime during 2020.
INTV is positioned perfectly to capitalize on that now, so in theory, if they are currently mining profitably then it's just a matter of time for the share price to move up, even with new shares. I would think the most profitable period will be a few months before the halving where you can still mine the same amount but at much higher price; that may be the best time to be holding INTV.
The halving alone is going to cause a Bitcoin price increase, but now that more and more people/countries are able to buy and hold, the price could go up significantly.
There are still shares out there to be issued and sold but it looks like they will be selling at a higher price. Does a higher price mean fewer shares issued?
I'm wondering if there will be any significant news along with the Quarterly this month. Some decent news could help bring in new buyers which is what is needed now.
Yes, that's the one; hopefully, it's near the end. Now just need new buyers.
Scotttrader80, following Twitter, I get the impression that the dilution could end this week; am I interpreting this correctly? Looking at the bid/ask, even with the dilution it looks like this could pop 3X easily.
I agree with your statement, cash flow is important.
CEOs usually make out like a bandit regardless of the company's success or failure, that's a given. It all comes down to whether the shareholders are able to also benefit. So far they haven't, but maybe now they can.
November is an important month: Will the dilution be over? Will the Quarterly show a profit? I think by the end of the month everyone is either going to wish they bought a lot more or will finally decide it's time to move on.
Many have lost a bundle investing in this company, but if the dilution is truly nearing an end and the company shows profitability on the next quarterly then now is probably the time to make that money back.
The next quarterly was a time period when Bitcoin was well above $10,000, so other than spending excess profits on expanding operations, which is justified, the quarterly should show good numbers.
Bitcoin was well over $10, 000 during most of the time when the next Quarterly comes out, so I'm expecting some positive numbers.
Then no more dilution for the rest of the year?
Perhaps a week or two after that is the Quarterly. Then we'll have a better gauge of where this company stands.
I think the selling at that price is likely the diluters. Most here have average buy-in prices much higher.
I thought th quarterly was due the middle of next month.
You hit upon an important point. Bitcoin is becoming more accept throughout the globe - regulation is acceptance. So there is no doubt in my mind that it's going up in price eventually. But now that the halving is involved next year, Bitcoin could explode.
I was thinking if Bitcoin only went back to $10,000 this could be a 10x from here if things go well. But what if INTV continues to build out the rig count (which it is doing), and also lands a hosting contract to boot; then Bitcoin goes to $30,000, $40,000, $50,000 or more as many are predicting? It's not out of the question for INTV to go 100x from here (that's $2).
Several things would have to fall in place for sure, but this is not out of the realm of possibility.
It's really all perspective. Some are looking at today's price of .02 and thinking "it's too expensive to buy" if a year from now it goes to $2 the same people will say "I can't believe I could have bought INTV for .02".
Perhaps. It could be because the diluters can only sell a limited amount of shares each day, and with some expectation of good news in the future maybe some are trying to get in now.
I still wonder what made this turn around starting yesterday. Perhaps some good news will be coming in the near term and some are slowly collecting what they can....who knows.
I'm here for the long haul regardless, so hoping things are positive from this point on.
You may be right about the bottom. The diluters can only sell a limited amount each day and very few here are in the money at this price so they won't be selling. The buying could easily outstrip the selling until all shares are out.
That's what I'm looking at also Scotttrader80. A light at the end of the tunnel with these shares and a very positive quarterly coming up. Those who are taking the chance now could end up with a fortune in a year's time. Anything is possible.
I envy those who are willing to chance a buy right now. Near it's yearly low with a pending quarterly that could possible show positive results. It can still go badly of course and who knows what the total share count will ultimately be and the price could go much lower, but you can buy a lot of shares without moving the price much at this juncture.
Some here are perma-bulls (not many now) and many are perma-bears (plenty of those). I am neither, I'm just waiting for the outcome and hoping for the best.
PettaWatt is the real deal:
PettaWatt
And I believe, so is INTV.
The next 30 days should tell the tale; total shares out and the Quarterly should dictate the future.
Bought a chunk at $1.25 and a huge amount at .70. With the amount I spent I could buy a house for cash (wish I would have now). I now consider that money gone. I only came back here again because it looked like it was about to turn around.
But I haven't seen any evidence of a scam. Scams are not normally SEC compliant. Besides, PetaWatt Properties would have to be in on it also.
So far it just looks like the typical penny stock toxic financing that has killed the share price - many may interpret that as a scam I suppose. But none of that was ever hidden, it was all filed appropriately. The upside here is that the toxic financing may have helped this company to succeed in the end. I"m not trying to stick up for the company, only saying that this might be one of those rare instances where the toxic financing may have actually helped INVT to turn the corner. It's unfortunate the shareholders had to bear this burden.
I think the Quarterly is due next month. All shares should be out by then (if not before) so we'll know where we all stand. That Quarterly could dictate if the this is the beginning or end.
One last thing; who was buying yesterday? My assumption was that there are more shares to sell so it will continue down. I was a bit surprised by yesterday's action.
I would think so, but it looks like it's already spent on mining equipment. Not like that's a bad thing, more rigs means more profit.
The usual bills that have to be paid. New Riggs don't have to be purchased so it's not a required expense.
Yes, it's a good indicator. Investors are looking for reassurance after what's happened this past year. After the dilution is over we'll hopefully know where everything stands and perhaps the stock price can turn the corner and start moving up before the next Q comes out.
Yes, agree. Paying down the debt with cash would be big news for various reasons; we would know about it.
My assumption was that its what's left after shares have already been sold. Are you saying it was paid down in cash?