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Is there going to be a PR about CN being fully up and running? In the last PR Steve stated by the 18th it would all be good. Would be nice to hear update, and plans moving forward.
JD,
A number of folks here keep stating 3100 miners. I could be wrong, but I thought Steve has stated 3100+ miners will be located at the new site. We still have two other sites with miners. How many are there? And overall, how many miners does intv have? Hopefully Steve can give clarify on this in next update, which hopefully comes in the next week. He seems to usually do his updates around the 15th.
And would really love to hear plans on purchase of new machines. I've been reading where a couple miners have picked up the new S19j Pro miners for 25% of what the cost was in January. CleanSpark was one, can't remember the other off top of my head.
Interesting? Nah, just the same old info packaged differently. Always, oh we're only a month or two away from completion. "Then, sorry, we have to fix the bugs which will take another month or two. All the while selling shares for their benefit.
Looks to be more gullible buyers buying this update. Price will crash right back down.
Yes, next PR should be interesting. We know what the 3100+ miners will be churning out; all will depend on BT price for profits. What I'm most interested in hearing about is what we're going to do with the profits. Buy more machines? Should be at a discount I'd think with how many miners are having issues and cancelling buy orders.
Or hold the coins until the prices go way back up? Which unfortunately, the machine prices will be going back up too. Pro's and con's with both strategies.
Hopefully, we should be getting an update from Steve soon. All other miners are doing the quarterly ER's right now. Steve has usually been delayed a few days after theirs.
Would be nice to see how many machines are now fully up, and running and how many coins are being produced daily? Since we're pretty much debt free, are there any new purchase orders for expansion? How many of the containers are now full. A couple updates ago he stated only 2 of the 12 were used. I'm sure that has changed.
This could be the start of the run, so there has to be expansion plans, if not we will be consumed by larger player for pennies of our worth.
Things definitely getting interesting.
I'm very excited for another PR from Steve stating what are the next plans for all the cash flow. We should be debt free now, all machines paid off. With btc starting to form strong base and move upward, Steve can't wait too long to make the next purchase of machines, or the machine prices will be jumping up as well. Wonder if there are any small miners he can buy up, a merger, or just another purchase of say 5K-10K machines. We ain't gonna stay small, we'll get eaten alive. Some bigger fish will buy us up for pennies. I want this to be a long term play, getting us into the $5 range in next couple years. A lot has to happen and go right but it can happen.
Just very anxious for the next announcement.
Great day to all.
Agree mainly, except if there is no electricity to run the machines, then there are no coins being mined. That is a problem.
Have read 3 articles today about the electric grid in Texas being on the brink because of the weather. And they're stating most of the big miners will be or already have shut down most of their miners. Letting that electricity to go back to the grid for now.
How or is this going to affect our shipment of miners heading there? Will the miners just sit idle? Or is our agreement with Compu-North covered and we're fully set for operation once rigs are up?
Lovin it!!!
Agree totally on long play, I'm holding just under 1M shares, praying for just that.
but $150K on $500K for 6 months is a 60% apr. Loan shark terms. So I'm hoping I'm reading that wrong, I'm not a financial guru when it comes to that part of the equation. We are still a startup basically, and hard times are still here, so these huge loans terms are costly when any extra monies could be going towards buying more machines.
Steve's not a stupid man, so I'm sure this was the best that could be done to lock up the 5-year plan now. Maybe the $130K just needed to be paid up front, instead of spreading over 5 years. If that's the case, then the 60% would drop to 12.5% which makes much more sense. Again, all of this is above my pay grade.
Would really like to see our current mining numbers and projected once the transfer of machines is completed.
Good day to all.
Ive got to be reading the 8k wrong? $500k loan agreement for 5 yrs agreement. But has a $130k interest payment to cover thru 12/22? Plus 2M shares pledged? In case of default interest rate goes to 18%? Isnt $130K in interest for 6 months on a $500K loan a hell of a lot more than 18% annual rate?
Anyone with better understanding, please help on this one.
Good day to all.
Thought we might get the 8K today since Steve had said it'd be yesterday, but the PR for Tues came out yesterday. So was guessing a day late on the 8K too.
Shocked we were down today with all the other miners have great days. Fingers crossed we're just lagging and tomorrow will be a big run for us. Which seems to be the norm.
Very clear video of the completion of operation on intv's twitter page.
Love the calculations DT. I woke up this morning and started to try and do them, but it's way above my pay grade. Then I click on here and you've done. A million thanks.
At BC price levels we're making a nice tidy profit, so with an easy jump to $40K all the additional should go directly to profit as the rest of the calcs should be somewhat set. I'm getting a tingly feeling for the next couple years.
I am curious for the 8K though. It'll be interesting to see how much of the profit goes straight to Steve. Last time a whole lot of it did and it left a sour taste. I don't begrudge him making a nice income, he deserves it, but no way he deserved what he got. Not for a startup company. All in my opinion, but I know others felt the same as well.
Thanks again for the calculations.
Good day to all.
What is the equity financing details like? How dilutive is it? Should be interesting once more details come out.
Looks like new PR on twtr. Expanded agreement with compute north. I dont know if good or bad. At least its a positive that Steve is expecting the company to be around at least five years. ?? Not sure if hes going to do another release to explain why hes moving 1550 miners again. Weve just rcvd them over past 6 minths. I believe the machines have now been moved 3xs in six months. How the heck is that productive? Machines just sitting around being moved to the next big place dont generate money, but i guess it allows for a pr release.
Come on Steve, please explain why this keeps hapoening. We need revenue.
PR was said to be released last Thurs, then it was changed to today for PR and 8K for tomorrow. And still no release. Unfortunately, and I pray that I'm wrong, but the delays are ringing in my head as not being good news.
Please Steve, make me be wrong. Yes, the BT markets and miners have been horrible, but as long as the news shows we are on track and progressing, along with minimal to zero dilution, I'm good with that.
Looking forward to the release.
Yes, expecting good news on recent company developments. Just real curious how the downturn is affecting the company's plans moving forward. Probably putting a big dent in the revenue coming in to make the last miner payment in July. Hairs are starting to stand up.
And they ain't getting any of my shares, won't be selling anytime soon. 1/3 when we hit $1 unless market is jumping up fast, 1/3 at $5, and then maybe the last at $10. I can retire comfortably at the $5, but my kids and g-kids can have a good life with at $10. :)
1hr and 40 mins in and zero trades? News being prepared and ready to be released? Not sure why zero shares traded, the bid/ask isn't that far apart. Definitely not the norm.
“7-10 days news” was posted back on the 9th. Hopefully it comes soon. Yes market has $hit the bed, but not presenting the news as promised isnt good either. It sounded like it was going to be positive.
At the minimum, come out let shareholders know the pr is going to be delayed, give us something. We’re mostly all adults here. Itd be great to hear the progress being made as a company, the market will do what the market does so cant control that. Im really looking forward to some good nees.
Glta
Looks like a lot of the ones are the S19J pros. Which look to be the most profitable on the list. Our energy costs i believe should also be much lower than the norm as we supposedly own our own utility company.
Podacs,
Others are not and have not been paying $3500 for their machines for a while now. At least not the newer ones. They too are paying in the $8K-$8500 range as well. Not sure where you're getting your info. A year and half+ ago, then yes, machines were in that neighborhood. Not anymore.
Yes, JD. Definitely a start to some good releases by Steve. Very promising. 3100 machines and zero dept in about a month. NICE!!! And Tioga finally to be up and running end of this month. All very positive.
I believe at the beginning of '21, bitf (which I own a lot of), and hut were sitting on approx the same number of machines. Then when BC took off, they started buying 10's of thousands more. This is the game plan I believed INTV was going to follow and still do. Biggest reason I bought in, catch it early. I think the big difference is, we are dept free. I'm sure that won't be the case moving forward as I'm also guessing Steve will want to jump up in purchase sizes of additional machines, and cash flow will not cover those machines.
Which I'm totally good with. With where BC is headed over the next few years, I'm just gonna add more and sit back, relax, and enjoy the rollercoaster.
glta
It will be interesting to see what Steve says in upcoming PR. Since we now supposedly own an electrical utility that should greatly reduce the cost to mine one bitcoin. I think most miners state their cost for each is currently between $8K-$8.5K.
Just one of the important answers we are all waiting on.
Good on pulling the reg at these prices.
So only 500 rigs at Tioga? How many rigs are actually up and running, producing roght now overall at various locations?
Guess we’ll find out in a week.
Tick Tock, May is on the clock. Wonder when the amazing May news will be out, promised by Steve? Hopefully it's as good as he mentioned. Not sure how much it will actually move the SP needle at this moment in time, but as soon as the market corrects back up, then it could make this jump very fast. Fingers & toes all crossed, and prayers daily.
I just went to their website and looked under Messages. In the last company conf call, Josh mentioned needing $20K to finish the now "NEW" platform, and another $20K to help with things along the way. They are now offering a limited time only share purchase with a minimum $1500 buy in, with the shares now being discounted to .00025. Wonder how that' making all those who purchased at .0005 feel? Same 'ol Josh, just different board.
You're kidding right, ST80? So you're saying our drop is fully related to world happenings? WOW!!! Yes, some of it has been, and intv was dropping right there instep with all the other miners. All of them have crashed. But over the past 1-1.5 months, intv has cratered much, much more. And the drop happened 100% because of actions and decisions Steve took. He has completely owned up to them and I respect him for that. But how many times is he going to keep moving the rigs? From one site to another, then pods, then no pods, then move the pods, etc. All this down time kills the mining availabilities, thus our bottom line. These machines have a very short lifespan, especially with the new Intel chips coming into play. With no updates for people to make informed decisions, the shorts have taken over and destroyed the value of our shares. Hmmmm, how did they get the info that our machines were barely up and running?
And no thanks on me bailing, I'll be here for a long time. Just because someone states the obvious, and only wants information so they can adjust, doesn't mean they hate the company and need to move on as you basically stated. I think most here would agree Steve needs to get back to being more open. What took place Q3 was a disaster. Moving forward could get very exciting if plans are achieved.
Agree, but for him to post that its been a great 3 qrtrs isnt correct. First two qrtrs were excellent. Q3 was horrible with having to move. He quickly has to post updated info on the move and actual running machines otherwise we’ll just flounder right back down killing any momentum.
Basically the last quarter was a bust based off the numbers. A complete waste. Hopefully Steve can spin this positively. Guess the machines were down for most of the quarter to produce this type results.
Need good explanation Steve.
Turning into a total joke. Way to go Steve. 3 months ago everything positive. Except your pay with all the stock.
How bout doing something!!!! Ot maybe you shouldnt and just sell the assets. Theyre worth more than the market cap.
Such promise and now in the $hitter.
How low can she go? Anybody's guess, but with no updates in 2 1/2 months, most likely it'll continue lower. Very sad. Even with BC having risen nicely, we just keep dropping. Past couple PR's were great, then a cryptic tweet about cancelling the partnership but no details. Only that he had to up and relocate to PA. Yeah, that all sounds so positive. How many times is CEO going to relocate our machines? At this rate they'll become obsolete before they even start paying for themselves.
Most likely the uplisting is also having to be put on a major hold because of the SP.
It'd be great if we could get an update on actual factual happenings. Im guessing we'll have to wait even longer, cause I doubt there's much to be excited about.
Such promise this company was showing just a few short months ago.
Historically, Steve has been great at keeping shareholders updated. What has changed? Are the past 2.5 months happenings great, and he's just waiting for completion of events before making a PR announcement? Or are the happenings horrible, and he's just waiting to find a solution before making a PR announcement?
Either way, it'd be nice to get something. The last PR sounded great, and the future of this company seemed to be going in the right direction. Even the last twtr message seemed good, a little cryptic, but still good.
I'm wanting to pick up more shares to give me an even 1M, but just can't yet with no new guidance.
Come on Steve, you've overall got a good following that has trust in you. Please give us something.
glta
Total BS, Cody.
The call was for anyone who had at one time or another put in a request for information on buying the restricted. If they have your email on file you were invited. So give it a rest. I was invited, and I'm down to less than a million shares from a high just under 35 mil shares.
This is a super sub penny stock that you have 60m shares in. Wow, big woop. You talk like you're a big whale, playing with the big boys. Only for huge investors, big league investors, that is so laughable.
So bottom line, Josh was asking for more money, more money, more money. Surprise, surprise, surprise!!!
You tell others to stop bashing, how bout you stop pumping this pig?
“New and exciting things coming to PTOP”? Does that mean steve has hired new people to take over for him? That would def be new and exciting!
I guess this is just another penny stock scam. Really thought this one was going to be diff. I guess when you play in the Vegas type of stocks world, its gonna happen pretty much every time, lose it all. No accountability when one person runs the whole show. Very sad. Great job Steve. How
Many shares have you given yourseld this latest qrtr? 5M?
May i ask what your “shocking new revelation” in the quarterly was?
WiseYoda,
It's looking like someone might have gotten a sneak peak at an upcoming PR based on the action the past two days, in comparison to the other minors.
And as usual, we're up a whole 2% while the rest of the miners are up 8-11%.
Come on Steve, get this together. Somethings gotta give soon. SP is disgusting compared to where bitty and the other miners are going.