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Don't be surprised or make the bull case for INTV. I have been asking for months for someone to tell me why I should buy it.
Maybe even INTV might benefit a bit. Who knows.
Can make a case for at least a trip up to the old highs on bitcoin
I would feel disrespected by a report like that one but of course not everybody may feel that way.. Perhaps the ceo is not necessarily the dummy in this foray, perhaps I am. INTV is up today so far.
So what has changed about the reporting? How many reports are audited by an accredited auditor? IMO you are what your stock price says you are (averaged over a period of time). INTV presplit is 1.3 cents. That is what the market in all its discounted opinion and melded wisdom says it is..
Simple, you own your own kingdom.
Go INTV.
This is not a terrible report. It's better than I thought it was going to be. There is nothing there that should hurt the stock.
If bitcoin has a strong day tomorrow it could mean green light finally.
INTV is still hanging in there above a buck somehow however another perspective is INTV presplit price is now .012. My Goodness!
Seems like they are walking the bitcoin miners down steadily. I read where right now it costs between 20k and 25k to mine one bitcoin whereas after the halving it will cost 40k. Of course it's bitcoin so it can go anywhere from 100k to zero. However it is so suspicious that while the stock market and gold are near all time highs bitcoin even with all the supposedly bullish .naratives (Wall St lies) it has had completely lags. .
If guys complain about the value of the company assets now, what is likely to happen to that value when the machines produce only half of what they do today? Not just INTV guys.
The ceo does not control the bitcoin price or the other competitive issues. It is a really tough business right now.
Is there the asset collateral available necessary for the company to get a loan? Think about it. Growth might require issuing additional shares which may also be very difficult given the liquidity situation of the stock. Factor in the halving and ever increasing mining dificulty. You can guess at the required discount probably needed to sell stock..
I love INTV because in all my years I have never seen a worse situation for investors
Hobby stock. Might buy some around 30 cents if it gets there.
INTV at 1.70 is the same as INTV at .0136 pre split. Sad reality after bitcoin 3x, Back when bitcoin was 15k INTV was actually a buck higher than it is now. So where is the justification for holding this? Now that the etfs are here everybody knows they are just another tool for manipulation along with options and futures exactly like digital gold Wall St wins again. So If nobody can give me a reason to buy this stock then why should any greater fool buy the stock? And if no greater fool will buy the stock how can anybody make any money with it? All this with the clock ticking on the halving and bitcoin threatening a new bear market. My goodness!
If the price of bitcoin somehow goes higher more and more old machines will be fired up again as they become semi-profitable. I understand there are millions of these things in China and India and perhaps in the INTV ceo's garage. Which is a good thing because by then I imagine you might need tens of thousands of computers just to get a sniff of one teeny tiny tenth of a bitcoin every few months......One of my friends who is in the funeral business and so has started watching INTV mentioned the CEO is due for a raise. .That would be ok with me as I dont own the stock.
Some survived as I recall. This time the competition is about 10x worse and so is the mining difficulty not to mention the mining machine profitability clock . I guess we can always start the INTV 'boat anchors are us' business as a backup revenue source at some point. Situation reminds me of General Custers last words as they were riding up the hill he said ' ok men don't take any prisoners'
Doesn't matter what bitcoin does, mining difficulty gets worse and worse and then it gets really worse. Halving coming up like a head on frieght train. I wonder what will happen to all the small miners? INTV.
https://www.blockchain.com/explorer/charts/difficulty
Best thing about bitcoin is you don't need to know very much to get rich. Just trade with the pros and not against them. Simply catch that part of the trend that you can and wait for the next turn. Both sides of the market I always use a stop because I fully understand that I don't know everything.. A kid could do it. Bitcoin is the easiest and best trading vehicle ever invented. INTV.
Bitcoin mining stocks trying hard to give back the entire rally. Luckily you don't have to worry about that if you own INTV. Not only that but I see several gap downs in mining stocks today. These are likely breakaway gaps. Hut already gave back the entire rally. Others are closing in. I hope everybody around here didn't drink the internet moonboy kool-aid and used stops.
I don't think the bitcoin rug pull will last too long
There might be a guy out there with millions of shares of INTV to sell from the purchase of the 200 miners.
None of the miners are acting explosive like in previous bitcoin rallys. I suspect this to get worse the closer we get to the halving in March if bitcoin doesn't skyrocket. Miners at these prices could turn into complete landmines. INTV.
Bitcoin continues to act suspiciously. Somebody has been dumping tons and then manipulates it a little higher then dumps more. Miners have been telling the story IMO.
Thanks for all the work you do. Nice to see some pieces of the truth around here. I hope INTV works out for you.
I think he would like it to grow but financing is so darn hard to get even with the dilution method. I think he has done a good job to get this far. Maybe some of these guys with the six and seven digit INTV share balances since they have such great faith in the company should loan the company money. Can I get a second on that motion?
Reckon he can use any words he wants, it's his kingdom....and nobody else's. Built INTV on other people's money pretty much. Pretty nice setup if you can manage to build it like that don't you think.
What did this guy have to start out with? Did the bitcoin laws change in New York forcing a move? How hard is it to get any type of financing for growth for a penny stock with no earnings? What are you forced to give away for that little bit of financing? What happens if you don't grow? Does INTV have much debt? Compared to January last year how hard is it to make one bitcoin in an environment where the compitition and difficulty grow dramatically every single day. The company has made through a 80 percent bitcoin bear market and is still alive for now. I could go on. I have never said it's a good investment but I think the ceo has done well for himself and that is what we are all expected to do. Don't blame others for your bad decisions especially since he has invited anybody to sell if they do not like the way things are run.
Even now miner stocks like INTV are not performing like they did in the previous rally up to 65k. The etf's are the enemy of the miner stocks IMO.
While I am a fan of the INTV ceo I do not think small miners will survive very long unless bitcoin really skyrockets and I mean moon shot. Even if that unlikely event somehow comes to pass most small miners may get squeezed out anyway to where they are no longer viable as miners. Right now the bitcoin play includes the miners but etfs are likely to take the lions share of investment money going forward leaving miners in the dust bin.
Why would the INTV ceo give up total control? He has done very well with this business. I would not be surprised if he did even better in the future. Salute!
I agree about the INTV message board being just opinions and entertainment. I would like to hear how many shares were issued for the 200 miners.
I guess the only INTV bull case revolves around praying bitcoin goes to some six digit number except I do not see evidence of that helping. I see the opposite evidence. That is, when bitcoin was around 15k INTV was around 2 (rs adjusted), exactly where it is now! So bitcoin 3x'd and it didn't move INTV at all. Why should bitcoin 10xing be any different? That guy was right about the chart telling the truth.
Not one guy on this board has attempted to make even the tiniest bullish case for INTV, yet the bulls somehow expect ever greater fools to buy the stock and bid it up.. Rock on.!
INTV missed the entire bitcoin giant rally so perhaps average dollar volume is up because the guy who sold INTV the 200 new miners has a boatload of shares to sell. Maybe 2 or 3 boatloads. Might take weeks or months. The halving is getting closer and mining difficulty does nothing but rise vertically. IMO small miners gonna be squeezed out. Does not surprise me that nobody is buying up small mining companies perhaps because of aging equipment soon to be obsolete if mining difficulty keeps skyrocketing.Smarter to wait and pick the bones.
Nobody knows how many shares were spent on 200 miners. All you guys know is that it was cash and shares. What might surprise you is what price those shares were priced at. I remember a deal before the rs when INTV shares were used for some deal at a really small fraction of market price I'm sure many here remember that day..Based on that fiasco I would not be surprised to find out these shares were also heavily discounted.
Fly re: INTV, you were right about a lot of other stuff. Can't be right about everything all the time. ......Next case.
Dilution is a legal tool in finance. Apparently it is perfectly ok with INTV long term shareholders as the ceo has repeatedly invited people who do not approve of being diluted to death to sell. Pre reverse split price still around 1.6 cents says a lot compared to other mining stocks.
New all time record high for bitcoin mining difficulty. Just more torpedoes in the water steaming directly toward minicule sized miners like our little jewel INTV. Probably best to continue to ignore the facts right?
https://news.bitcoin.com/bitcoin-mining-difficulty-hits-record-72-trillion-amid-hashrate-surge-and-600m-spent-on-asics-in-december/