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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.
Meant to type 2-3 weeks after the RS.
And 1 out of 1000 RS's work, not 1 for 1000 RS's on shares. For those who misinterpret the 1-1000.
Yes, still ticked here. Hopefully Steve comes up with different plan that doesn't screw over current shareholders.
And there we have the death call. RS's are a disaster to current shareholders, the only one's who will benefit will be Steve and the new shareholders. This really pisses me off. And please don't anyone say, yeah but you will still have the same value the shares will be worth more. Yeah right. Try looking at the SP about 2-3 after the split and see what the shorts do to it.
Maybe 1-1000 RS's ever work out for current shareholders.
Worst possible news Steve could have given out. Just WOW!!!!!
Weekly rpt is out. Looks like apprx a coin drop from the previous weeks. Storm related per Steve on twitter. Stinks cause one coin is a big % for a company this small. Is what it is, onward up we go soon.
Weekly mining uodate is past due. Come on Steve, stay consistant with this, good or bad. If bad just give reason as to why.
Please.
Only if you, Cody, or Joshy are the one's buying. Have you asked yourself who is selling, what shares are being sold, or where the shares being sold are coming from?
Let's see who's right and who's wrong in 6-12 months. If the regulators haven't fully shut this down.
Approx 25B shares now. After 1-500 RS share count will be 50M with an adj SP of .15. Total market cap of $7.5 M. Within 2 months the SP will be right back down to approx. .05-.06 per share with a new Market Cap of $3M on the high side.
He wants to crowdfund for $5M (lol). Who in their right mind would ever invest $5M in a company that's worth half that? With no working product after 4-5 years and incompetent CEO that has proven all he has done is ask for more money. Seriously, name that kind of investor. I'd like to get a hold of them cause I've have a few ideas I want to launch in 10 years.
So you have a company now $3M, and shareholders have already had their shares RS 1-500, then a 50% collapse in price on top of that, now you dilute shares raising twice the money the company is worth. Please tell me oh wise one, what do you think will be the true value of current shareholders shares "if" this came to fruition? .000000003? Probably pretty close. Or there will be a BK wiping out those shareholders.
Bet I'm pretty close to where this will be at.
Your turn, give us where you think company will be in 6-12 months. Memorialize it right here and now. Come on big boy Joshy.
Like I said, no cred. Your completely wrong.
"When Josh got on the board the share price was .0001", that comment right there shows you have no knowledge of this company, and fully disqualifies you from having any credibility on this MB. Bye-bye...
Or, is this just a ruse to throw people off of knowing who you really are? Hmmm. Me smell a rat.
Exactly Tin,
Just the same old excuse after excuse, nothing changes. And these gullible clowns keep buying it. I don't even think the newbies on this board are actual new shareholders, they are plants. A couple may even be Joshy, or at the min related to him. Or given millions of worthless shares to come on and spam the board. Classic.
I'm all out of this stock now, now I just come here for a good laugh.
No Josh, I read the letter perfectly correct. Comprehension seems to be something you haven't conquered. Might want to go back to 8th grade. Clueless is you, no wonder the company is in the same place it was from 4 years ago. No fully working apps, no financials again, another audit with no money to pay for, begging for money again and blaming the shareholders if they don't come thru. You do know everyone, except maybe Cody, knows who you are and what your game is. It's comedy at it's worst.
I hear the bell ringing, you might want to run to class now, teacher will be giving you detention again.
WOW!!!
Same 'ol Josh. Bragging about himself, saying he has completed everything he's promised. Used every excuse available to mankind as to why the company hasn't finished certain aspects of the plan this past year. And the #1 take again from this PR? MO MONEY!!! MO MONEY!!! MO MONEY!!!
And that it's up to the current shareholders to do their part, AGAIN. Another $150K, so they can complete half of the objectives. OMG, how funny can it get? Most likely $25K will go to the business to show Josh is trying, and then most likely the other $125K will somehow get lost and/or go into Josh's pockets.
Save the PR money Josh, just change the date on the PR's and send them back out as new.
Cody, you seriously need to wake up. You deep down have to know this isn't going anywhere. Had thought you had finally realized this with your recent rants. You must have had another conversation with Joshy boy and he swayed you over again, just to get more money from you.
You originally stated a long time ago that Josh would not be doing a reverse split. You actually had no idea as to how they worked.
So let me give you an idea as to what will happen if Joshy ever get the RS completed. 1st, the price will drop shortly after prob 25-30% from the new adj price. 2nd, Josh will then announce billions in new shares being released to raise funds. This is exactly what he said he was going to do on his conference call with shareholders a couple years ago. He said he would do RS and then release more shares to raise $6M. He has to release billions of shares as there is not one actual investor that would invest in this company. Joshy is just going to keep the con goin.
Well when this takes place Cody, what do you think will happen the value of the current shareholders shares? First the 1-50 RS - 25-30%, then the massive dilution again, which is basically going to wipe out any value to the current shareholders shares. The new shareholders will be fine until the company just goes BK. Joshy is just going to keep most of those funds pretending that he is growing this company.
Now these are just my opinions, based off experience, and also off how Josh has handled everything the past 4 years+. One lie after another, one mercy begging after mercy begging.
I'm fully out of this now, have been for a while, but I like to still check in for humor sake.
I don't wish anyone ill will, but anyone still buying Joshy's story should seek help.
True Dawg,
Yes, that was a very good PR. I just hope Steve is able to take advantage of the low machine prices. A 15-25% bump in prices is not small. And like in his PR, if we do see the jump to $27K-$28K (we should see that number within a months' time I believe), then most likely the machines will have another 15-25% jump in pricing. If we do not grow soon, and only go sideways, we will not survive in my opinion.
Steve posted on twitter that Asics came out stating there has been a price increase on new machines of 15-25%. Good sign as it shows companies believe bitty has turned the corner.
Is Steve going to take advantage of the low prices or just sit on his hands and not grow the company? Keep it small and then sell out, to where he is only one who really makes out? We have very little debt, machines are fully paid off and running full speed agead. But as the mining difficulty gets greater we as a very small player will not be able to compete and survive.
Staying small with 2500 machines is not an option. I say go for it, make a splash. Come on Steve, give us some positive news of growth plans. Does no good to wait till machines are back up at $8500 per.
Last time bitty was at $24K intv was at .06. Why the lag? Yes we have more shares but we also have many more machines up and running with close to zero debt. What gives. Yes, it's also similar to most of the miners too. Crazy, miners share prices have to start to pop real nice, soon.
Yo Steve,
You may have already heard, but...
https://finance.yahoo.com/news/luxor-starts-first-kind-bitcoin-140000395.html
They'd better pay a massive premium to today's price. I'd rather Steve come out with news of a large purchase of machines. 10K+, and with bitcoin prices rising paying the fin charge should be easily doable. They have the space at Wolf, and energy pricing is very good. That news alone would push our price up dramatically, and when bitcoin runs past $30-$40-$60K which it will, we will be sitting on a $10+ SP. Mara and Riot had less than 10K machines when bitty last reached its high, and those SP's were in the $40's and $50's. Less share counts too, but I don't know by how much.
Really appears Bitcoin has gotten its legs, getting stronger each passing day, building strong muscles to start the big jump north. Now we need Steve to pop a great PR stating he has negotiated a large purchase of machines. With basically zero debt, making profits, and bitcoin moving north, now is the time to make a big splash. Minimum 10K rigs. Our profits would cover the expenses easily and the machines are readily available at bargain basement prices. Can't wait to buy when they're back up at $5K-$8.5K. I'm truly hoping he has great relationship with Wolf Hollow, sounds like he does. They've got $5B they've set aside for opportunities.
I know it all takes time, but I'm the impatient type. :)
Good day to all.
Amen!!!
Have read many places where the mfg’s have agreed to take back or cancel orders in the thousands, and the machines are just sitting in boxes.
No sense in waiting to rebuy when machines are back at $7500-$8500+.
Yes, I am definitely for organic growth, which is why the machines sitting idle for so long has sucked. Supposedly the new owners of Wolf Hollow were to pay for all the debt from previous owners, does that include reimbursing INTV for lost revenue? I'm guessing that ain't happening.
However, I am fully on board with traditional financing too. And I think this is a fantastic time to take advantage of it, if it can be found. I am not in favor of more of the same type of financing Steve has done in the past which has destroyed the share count, and share price when they just turn and short the hell out of the stock.
Maybe Steve has built a good, strong relationship with the new owners of Wolf Hollow to where he can get some decent funding out of the $5B pool they have set up.
I would love for Steve to come out and say he has gotten a $25M-$50M loan facility and he has ordered 10-20K new machines. Host them all at Wolf Hollow. They're readily available and could be up and running right away, making money and pay off the debt quickly, especially with bitcoin turning the corner.
Go big or go home. I do think the tide has turned, and this is the time to do it.
A man has to dream.
Thanks Dawg,
But them Steve should quit sayimg we have 3100 miners. And now hes saying another 500-600 have to soon be retired. Which will put us back at 2K. I get not running old machines, thats smart. Efficient great. But 2000 machines arent going to allow us to grow I believe, not without more of the crappy financing hes done in the past which killed our SP when they shorted their shares.
Praying this can grow and explode upward. Just dont see the plan now. Hoping im wrong here.
KU,
Those are revenue numbers, take away electrical costs, maint costs, salary, etc., how much is left to buy more machines? Somehow Steve has to come up with a plan that doesnt $krw over current shareholders. Someway to take advantage of crashed machine prices.
At least the rest of machines are connected to help revenue with bitcoin heading north.
AP, Im assuming you are referring to my post. Well actually those were Steves words, not just out of the blue my thoughts. Read his post. Yes, the pros are very good machines but all have short 2-3 year life spans. And ours have mostly sat idle for the past year moving from one place to another and then getting caught up in the bk carnage.
Where did the ither 500 machines go? Did steve sell them? To pay bills and salary? Additional details needed.
Im not bashing, just stating what Steve said, and its bothersome.
Per Steve's latest twitter post, not feeling good right now. 600 machines are almost becoming obsolete, and the 2000 others are only decent. He said some will soon need to be replaced. And that is what was pissing me off with all the moves from NY to Penn and then to TX. All the time being idle generating zero dollars. ROI is going to be a waste in the end I'm guessing, unless bt just shoots to the moon over the next month or two.
We supposedly also have 3100 machines, he only mentioned 2600. Did he sell them?
So where does Steve plan to get the monies to pay for new machines? More crappy financing or discounted share sales?
And I thought we might have turned the corner. Amazing.
Agree, and the possible growth strategies mentioned could be the catalyst back to $5-$6 land if bitcoin cooperates. Then I can buy my Island. :) A man's gotta have a dream.
Finally some great news. And todays bitcoin movement is exciting to see. Could this be the start of the big tturn? Praying it is.
I didn't think it could get any funnier. At least Josh doesn't have to pay each time he pays someone to run a PR for him. He just goes into the archives and reposts the same one every quarter. Saves a few grand each time, so it's nice to see he has shareholders best interests in mind.
And I don't believe it's that people didn't notice, I think it's more people just don't give a hoot anymore.
Yes, we've had very good volume days lately. I'm guessing news should be out very soon regarding the rest of the machines be connected. Steve did say the word "days" when someone asked how long it would take to connect them.
This was the second large vol day in past week. Today is forming up into being a 3rd.
Come on price, start jumping.
Hopefully Steve can build a strong relationship with Gen Cap and get some decent to favorable terms on part of that $5B fund. Buy a good number of new machines at the hugely discounted prices. Jump right up into being one of the leaders of the pack. A man can dream, right?
Finally a great news update Dawg. Now maybe the company can move forward and grow slowly while the other miners struggle and offload their equip. All except bitf and hut, i own those as well. Ha
Just loving it. 1/2 of machines still sitting idle, most likely not being able to make whatever payments the company has monthly. Very likely the company will need to start liquidating some of the machines at a huge discount. Is Steve just sitting back waiting for it to happen and then think he can file bk and take the company back wholly to himself? Guarontee he will be tied up in many lawsuits if he does. This is ridiculous to be taking this long to get them up and running. These machines have a very short lifespan, and we've already used up months of them being idle from the constant moving from NY to PA to TX, and now the site ownership change.
How about an update Steve, we know you read these boards? And please to some of you here, don't say twitter him, no he does not always respond. I've tried a couple of times and cordially, with nothing back from him.
Itd be really nice to have these extra machines up and producing revenue. Maybe we could take advantage of the massive drop in machine prices. This is wasting a great opportunty. Supposedly the new owner of the site also took on all liabilities, does that mean they are going to reimburse for this loss of revenue? Im guessing not.
Would be nice to get an update on when possibly the rest of the machines are going to be hooked up. A lot of lost revenue with them just sitting idle.
Anything, Steve?
Didn't see anywhere, where it showed how many actual coins are being mined daily/weekly/monthly. Would be nice to know.
Those machines don't get hooked up soon we are dead in the water. We are sinking, no way to gloss this over.
Did see that update, but he had sent one out prior to this one saying mid sept. Is it going to be delayed again? Timelines tend to be a little fluid with this company, we need theses machines up and running.
Just want something semi concrete to take place.
Glta
Agreed Dawg,
Itd just be nice to get an update on how many machines are fully up and running. and coi s being produced. And where are the funds going? Steve orig said all machines would be running by Sept 28th. Basically crickets since. Hopefully we are generating a decent amount to where we can pick up a lot of these machines hitting the market from other co’s filing BK or on the cheap from mfgs.
Maybe word is leaking out on positive news and is the reason for share vol and sp increase. Im guessing some news in next couple days.