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Welcome back Rocket! The MELY train rolls on. I can't believe peeps are defending this do nothing but dilute company. I guess they don't like money so they just give it MELY and Brett the person that will continue to run MELY to no bid. IMO.
The biggest problem with MELY is they don't have any money to do anything! I said it before and I will say it again. They said 3PH in 10 days (that was...well over months ago). I said this won't happen until MELY reports:
Who is selling them the 3PH?
How much they are paying for the 3PH?
How is MELY going to pay for the 3PH?
All MELY has is shares and a ton of dilution to offer gullible suckers.
I don't understand how anyone can support this scam company. They missed the BTC boat. The BTC difficulty and price per BTC is not in any way profitable. MELY had a chance over a year ago and since then they only produced billion of shares.
If you bought here, you made a bad investment. As you can tell by the dearth of messages, all who made a bad investment here have moved on.
Here is why MELY is a scam, imo, 1,000 for 1 R/S and one tick away from no bid in just six short weeks. All statements made by MELY have zero follow thru and zero materialization.
The delay is due the following questions NOT being answered:
Who is leasing MELY the 3PH?
What are the terms of the lease?
How is MELY going to pay for the 3PH?
There never, ever will be any lease without these questions being answered. PERIOD.
IMO
Cheapies for sale. Buy 'em up. OS around 20M. A/S still at 7.5B.
Let the board know how many cheapies you bought. I hope you become a millionaire with all your MELY cheapies.
So now you are waiting for the conference to see what unfolds????
What about the promised 3PH? Are you still waiting for that to unfold?
What about the dividend??? Are you still waiting for that to unfold?
If nothing unfolds (as I suspect), what will you be waiting on then?
The only thing that has and will unfold i more dilution.
Tower, if you (or MELY) can answer these three questions, I will instantly become a MELY supporter:
Who is leasing MELY the 3PH?
What are the terms of the lease?
How is MELY going to pay for the 3PH?
If these questions cannot be answered, the only remaining truth is MELY provided more misinformation. People bought shares based on that misinformation and diluted more shares.
I don't have to worry about MELY operating an operational pool because it will never happen. They had their chance over a year ago. They could have produced many BTC by now if they started the pool when they indicated. Now the BTC difficulty and prices have made mining less cost effective and there MELY has wasted the element of time. 3PH now will produce much less BTC than 1 year ago. So it is not cost effective. Also, they were going to lease all along, why not just lease 1 ago?
Please answer these questions:
Who is leasing MELY the 3PH?
What are the terms of the lease?
How is MELY going to pay for the 3PH?
If you cannot answer these questions, then there will never, ever be an operational mining pool.
You are correct! Everyone ,and I mean everyone, should sell all their shares. Following those sells, no one and I mean no one, should ever buy a single share of MELY. That would definitely end all the conversations. My hope is that MELY just goes away because the misinformation and pettiness they display to people is very childish. All MELY has done in the last eight months is dilute and insult shareholders.
No one should buy this crap. Where are the 3PH's in 10 days. Not gonna happen, ever.
MELY sold millions of shares after this announcement.
Dividends, there aren't any.
MELY sold millions, if not billions of shares after this announcement.
People bought shares based on the MELY's statements.
I will continue post because I don't want anyone one else to give their hard earned money to the MELY Corp.
How has MELY moved forward?
No loan.
No new servers.
No dividend.
No 3PH.
Reverse split 1000 for 1.
Down 80% since reverse split.
Still being disrespectful to shareholders.
yea, I know it is coming, just like they said for 8 months with the servers.
They have not been doing anything, except diluting. Where did all the money go? They reduced debt, where did that money go?
These are just some of the reasons the board is so negative.
MELY should be shut down, period! Of course they made many misrepresentations. For instance, when did they know they were not getting the servers? That is a material event. Still no 3PH. That is a material event. No dividend, that is a material event.
An investigation is definitely needed.
Were you expecting sorting different?
Like I said, until these questions are answered, they will be no PH:
Who is leasing MELY the 3PH?
What are the terms of the lease?
How is MELY paying for the 3PH?
Welcome to the dark side.
No divy,
No 3PH
No nothing from MELY except excuses, delays, and of course, dilution.
Come on, someone, give me some more dots to connect to nowhere. Give me 3PH, give me a divy. What does it all spell, MELY...
So Juan, who happens to be VP of MELY, will be representing 112Bit? Looks like those dots didn't connect to anything either. Just like all the other dots, they go nowhere with MELY.
There will never be 3Ph or any PH until the following questions are answered:
Who is leasing MELY the 3PH?
What are the terms of the 3PH?
How is MELY paying for the 3PH?
Until these questions are answered, MELY is in lala land.
First, no one has received a dividend. If you have, just post a screen shot. The company ensured our shares were R/S 1000 for 1. We did not have to contact a broker or other nonsense.
Why haven't they ensured we received our dividend?
Second, answer any one of these questions:
Who is leasing MELY the 3PH?
What are the terms of the lease?
How is MELY paying to lease 3PH?
Thank you.
"He is also VP of Business Development at Microelectronics Technology Company (MELYD:OTC), owners of a large mining operation and the first audited mining pool BTC Pool Party."
That is interesting. Are they talking about MELY? Owners of a large mining operation. That can't be MELY because MELY's mining pool is only operating at serval TH's. So where is the large mining pool operating?
More misinformation. Sad, sad.
Oh wait, never mind, MELY does not have the leased 3PH either.
All negative posts are from people that have lost money on this MELY SCAM. And BTW, that would be EVERYONE that has bought a single share of MELY. The only one that has an agenda is MELY and that agenda is to dilute as many shares as they can before the music stops.
Where are dividends?
Where is the 3 PH?
All IMHO.
Who would want to get in bed with a company (MELY) that is a toxic debt nightmare?
MELY has nothing to offer, except debt, period. All they do is dilute, dilute, dilute.
Why aren't peeps screaming..
Where is my dividend?
Where are the 3PH?
LOL a conference. Well who is doing ANY WORK? at MELY???? OH, I forgot, they are on the beach!
What happened to the 3 PH? 10 days + 2 and nothing. No one talking about being duped by MELY...again? SMH
MELY just makes stuff up and people buy it. Not me, not anymore. They have not had an event come to fruition since they got the 100T/H. Since then, nothing but false promises and of course DILUTION!
You guys sure get distracted easily! Talking about a someone speaking at a conference?? You think someone going to a conference is going to be the panacea? Come on, a conference and everyone gets excited????
MELY can't get any money to do anything? Who would invest in a company with millions of toxic debt?
You should be asking:
What happened to dividend?
Where are the promised 3PH?
How about being down 80% post split?
There is nothing going on here, except dilution.
"We will try to reduce the A/S."
Who owns this company? Why can't MELY just reduce the A/S? Try, give me break. More MELY BS.
Notice how no is taking about the dividend anymore? More BS from MELY.
Look at that volume! No one really believes the BS 3 PH story.
Who is leasing MELY the 3PH's?
What are the terms of the alleged contract?
What price is MELY paying for the 3PH's?
This is why, IMO, there is no lease contract because there are no details.
BTW, why are you guys talking about Brett? I thought he was no longer with MELY. IF he is still around, there is no way MELY will any traction or do anything significant, except dilute, dilute, dilute.
MELY can't afford to scoop up a pile of elephant dong! They don't have any money. MELY only has shares to sell. That is their business.
ANYONE: Answer these questions:
Who is leasing MELY the 3PH's?
What are the terms of the alleged contract?
What price is MELY paying for the 3PH's?
How is MELY paying for the 3PH's?
In the last year MELY has diluted approximately 7.25B shares. That money goes to convertible debt holders and MELY insiders. Currently there are approximately 7.5M shares outstanding (which is minuscule); however, no dilution has occurred post split. MELY still has the A/S pegged at 7.5B so expect more dilution in the near future. MELY is nothing more than a toxic debt stock nightmare and shareholders are the only ones that lose in this game.
Can anyone answer these questions?
Who is leasing MELY the 3PH's?
What are the terms of the alleged contract?
What price is MELY paying for the 3PH's?
How is MELY paying for the 3PH's?
What are you trying to say by posting a link of the mining results. Per the latest 10Q revenues were $51,392 for the 3 months ending December 2014 and a net loss of ($1,630,771). Again, how is MELY going to get to $75M market cap with net losses of over $1.6M?
Just answer the following questions:
Who is leasing MELY the 3PH?
How much is MELY paying to lease the 3PH?
How is MELY paying to lease the 3PH?
What will happen to the market cap when MELY dilutes millions/billions of shares?
$10/share with 1B shares outstanding = $10B. Like I said, it does not make sense.
$75M market cap based on what? Leasing 3PH servers? Even if they get 3PH (which I doubt) what will that bring in revenue? $2M a year? And what will the earnings be on $2M revenue? No one knows this answer because MELY has not disclosed who is leasing the 3PH and terms of the lease agreement. So there is no way to extrapolate any real figures because MELY has not produced any substance in their PR's. Finally, how is MELY going to pay for the 3PH's? They don't have any money? These lease contracts are usually paid in advance. Again, we don't know????
Market cap now = 7M shares at .025 = $175,000. How do you go from $175K to $75M???? Does not make sense.
MELY was/has been tradable 2 days post split. There are several post on this topic. Also, notice the "D" has been dropped from the symbol so everything is back to normal. Just no interest as witnessed by the 15,000 share volume on Friday.
If I had 600,000 shares post split ($60,000) and I was down 80% post split, I would be screaming bloody murder. I don't understand how anyone can be so calm with such devastating losses???? Again, IF IT DOES NOT MAKE SENSE, IT CANNOT BE TRUE.
15,000 shares traded on Friday for a grand total of $300. No one is really buying what MELY is selling.
IF IT DOESN'T MAKE SENSE, IT IS NOT TRUE! Nothing MELY said in the PR makes any sense. Lease 3PH? From who? With what money? Megawatt facility, while shuttering an existing facility? With what money? We will try to reduce A/S? Why not just reduce them? MELY is just a dilution machine and the share price is telling the true story.
MOREOVER, MELY doesn't have any money to do anything! Let alone a megawatt project! They could not get a loan for $2M or any amount and only dilute to pay the CD's. Where is MELY getting the money to lease 3PH's?
I am not buying this attempt to connect any dots. Why would shareholders try to piece together what MELY is doing? Why doesn't MElY say what they are doing? The stock price is saying your DD is not accurate. What does your DD tell you about who is leasing MELY the 3PH? What does your DD tell you about how much MELY is paying to lease the 3PH?
Who is leasing MELY the 3PH's? What are the terms of the alleged contract? What price is MELY paying for the 3PH's? This is why, IMO, there is no lease contract because there are no details. Finally, share price is also indicative of no lease agreement. Down 80% post split, ridiculous.
How can you say revenue will exceed cost when MELY hash't divulged the price they are paying to lease the servers? All anyone can do at this point is speculate/hope MELY will make money. Also, where is MELY getting the money to pay for the leased servers? We know they don't any money, so where is MELY getting the money? Too many questions and zero answers. I am going out on a limb and say there will be no lease of servers because the terms have not been disclosed. I am not buying any lease of servers without the terms being disclosed.
The charade continues. There was no definitive information in MELY's last PR.
Who is leasing the 3PH?
What is the cost of 3PH?
10 days? Is that 10 calendar days or 10 business days?
The stock price indicates nothing is going to happen. There has not been any dilution to speak of, but the stock price is down 80% post split. What is going to happen when dilution begins. IMO, in ten days trips will be return and MELY will be laughing all the way to the bank.
Important Details and Answers missing from PR. What company is MELY using to lease the 3P/H? How much does it cost to lease 3P/H a month? How is MELY going to pay to lease 3P/H? MELY is great on not providing details. In 10 days? Why not now? Try to reduce A/S??? If it is your company, why can't you just reduce the A/S shares? Why do have to try? Anyone supporting MELY deserves to be MELYD. Nothing positive about diluting $7M dollars and getting 100 T/H. People can do their own cloud hashing and get a better ROI than investing in MELYD. Finally, in 10 days when nothing and I mean nothing happens, what are the excuses going to be?
Wrong! Retailers can now sell.