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I was there late last year, it’s a beautiful wooded area by a large creek. Very picturesque location. I didn’t take any pictures of the land itself but I did check out the nice homes right next door that were being built and were priced around $1M
FLTT halted?
I think we’re on the same page just slightly different outlooks, good luck keep killin it out here
Bottom line this was an A+ setup with an F decision, just imagine if they would have let it build with a business coming in then you could have done a smaller R/S 10x higher, the market responds better with a 1:5 and it would have yielded the same price point but these idiots in the otc keep failing
If they don’t R/S you never see that retrace, your fib doesn’t tell you that’s coming, stop fibbing lol
Looks like they’re about to R/S Vincent out
Sweet!!!
Enjoy bro I owe him a couple FLTT halted posts
FLTT getting halted?
Gone now, sellers remorse will kick in here soon enough
36M float this one should rock
No R/S and going much higher, how you like your crow served?
No we don’t lol
Awesome, thanks for sharing!
Thou shalt not pass, loading phase still in effect
What’s the email they gave you if you don’t mind?
GNXP yesterday, happens often
Yes indeed, appears we’re making the turn here a bit
Man they are making some beautiful progress without diluting shareholders love it
It’s working some people never learn
Hey Spartak you as well my friend, best crypto company in the otc here imo I’ll be here a long time
“Prop bids” filled lol guess they weren’t props, kind of like the make believe dilution
Unbelievable they did it!
Spot on, add to the fact that we have one of the best share structures of all the crypto stocks hard to think this one doesn’t take the lead, I’ve seen similar O/S in the MJ industry do $1+ take OWCP for example ran over $3 with 144M O/S momentum can do amazing things
That projection just went to $11M BTC is now $11k
Below is how they came up with that revenue projection. At the time miners were running at around 14 TH/s they are now doing 50-60 TH/s so you’re getting about 4x the production out of the new miners. The difficulty to mine goes up also so we can’t just say 4x on those projections but I think they should be increased slightly. I’ve also seen people ask why they didn’t buy miners during the dip. Sure they could have picked up a few old 14 TH/s at the time but now those older miners aren’t really profitable. The replacement cycle on these things with how the hash rate is increasing is about once per year and the new ones pay for themselves in about 3 months give or take depending on power consumption etc. So you get about 9 months of revs off the miners before they start to work close to their break even mark. Best way to do this is to scale in let your miners pay for themselves level up. Buy 50 miners, after 3 months they’ve paid for themselves buy 50 of the new miners. 3 months later you’ve got 100 running and money for 100 new ones now you’re at 200 after 9 months and to 400 by year end but at that point your initial 50 are probably about break even. No big deal you can take those offline and take down your next 400 so you’re at 750. Eventually you fill up 5 warehouses and there’s the revs.
“As each facility will be able to accommodate 2,016 miners, our total hash rate per facility will be 28,224 TH/s (Tera Hashes) or 14 TH/s per miner with approximate power usage of 3 MW (Megawatts). With all five facilities built, will be able to host 10,080 miners for a total hash rate of 141,120 TH/s consuming approximately 15 MW of electricity.”
“With all five facilities at full capacity, the Company will be able to mine close to 5,000 Bitcoin annually. The number of bitcoins we are able to mine, and the profitability will depend upon a number of factors including the price of Bitcoin, electricity costs, the total network hash rate and the block reward . The Company is currently working on implementing a cryptocurrency mining profitability calculator on its website where shareholders will be able to calculate the profitability in real time.”
It was also based on old miners check out the new TH/s rates
Cool video, Ron was a part of last years shareholder conference, I talked to him for a bit nice guy
Chart resetting perfectly right here, next leg could start any time once volume picks up we head to .10
No problem with that here
Good stuff, so no selling via rule 144 until 1 year after no longer a shell which for the record they are still listed as on OTCMarkets, now look up the affiliate selling rules under rule 144 to see how slowly the majority of those shares will have to be sold as most are owned by the CEO
Wow this isn’t that hard, it sounds to me like you’re referring to a “reserve” at the TA but I can’t speak for you, keep trying on the shell status too would love to hear this interpretation lol
Nope just being clear it’s IMPOSSIBLE for them to have been sold yet
Totally incorrect they’re outstanding in preferred form as part of the preferred A/S has nothing to do with common shares at the moment
They can’t be sold into the market yet no one knows the rules around here?
What??!!! Lol they’re still in preferred form. Until the preferred holder converts them to common they aren’t in the O/S and now if they do go to do that they convert at 2:1 there are no look backs the shares are what they are when you do the conversion. You still didn’t find the info about shell companies and rule 144 keep looking
They aren’t in the O/S check the updated share structure this isn’t that hard
You should probably also look into the requirements to sell shares into the market ie rule 144 etc. and specifically the rules associated with shell companies which this one was until the recent acquisition, in short no new shares are entering the market any time soon