It is about time ERHE comes back to life.
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Threads has only been active a couple of weeks.
Here are some numbers to ponder:
Threads has had more than 100 million users sign up in less than two weeks.
Twitter has 300 million active users (source Forbes)
Truth Social has 2 million active users (source Forbes)
I would say threads is off to an impressive start.
It's not the "rules" that will hold Offor and Ntephe to not do what you suggest. It is the courts that would prevent the transaction from completing if they were to do those things. They can still make a TON of money doing it legitimately. I have made this comment many times before but still stand firm. I expect Offor and Ntephe to "gift" themselves a ton of shares legally (through stock option type planning) prior or in conjunction with a deal. This will give them more money than they can spend in their lifetimes without it being held up in court for years.
Looking forward to see how this plays out.
Some very good points there. It really only boils down to whether or not Offor and friends get a deal done or not. I could care less about how much shorters would lose. I only care about the sale price of ERHE. It would be fun to watch the price go kind of crazy if they were to get current again but I would rather a complete buyout at a reasonable price for the assets.
Good luck all
Meta over $300 and heading higher. I guess you are missing out on this incredible investment..... better luck next time.
I hope you are right but I don't think Bitcoin will break $100k until after the halving next year. I base this off historical halving cycles only.
Well, I guess 36 million new users in the first 16 hours of existence disagree with you.
Haters never prosper.
LMAO Agoura Guy. I was not expecting Meta to get into the "twitter space" but they are the best candidate to take advantage of Twitters failings.
I will continue to laugh all the way to the bank.
Remember, always disassociate your personal feelings with your investments.
Thanks Slojab, I suspected that but wasn't sure. I know I tried many years ago to pick an OTC up for less than .0001 and was unable to do it retail through Schwab, TD, or Fidelity. I didn't put that much effort into it though so I was curious if some retail investors could make a call to push for cheaper shares.
Were you actually able to pick up some at .000001? Now that is bottom.
Ouch. Dipped to .000001 today. Just like it did last time. Likely to spend months bouncing off the .000001 point.
too funny. More volume at .0001 than seen in a while and at the lowest price in years (it will dip below .0001 as it did before). Looks like frankie is raising rent money again. good luck
Yup.. lol
thanks. That is helpful. I have many relatives in Canada. I may have to solicit their help.
I am all ears.... tell us how you buy or how we might buy also?
Where is the volume coming from? Somebody, somewhere can obviously buy (and sell for that matter). Maybe the large short seller is trying to cover.
Do you know which country you can buy this in?
Probably not too late. I have been here all along. Just not following daily.
If a deal goes through, I will likely be well rewarded. I did average down several times.
Good luck to you
I may have to research getting a Canadian account so I can pick up a few more before too long.
This is relatively funny to watch. That 'facebook' dude is really starting to sweat. Probably thought this could never recover.
Early congrats to ERHC for holding on
LOL. Let me get this straight. If a social media site developes rules to remove bad content, you scream "Free Speech". When rules are loosened or removed, you scream "Criminal".
Good luck
Actually, this is positive for the overall crypto industry. We need proper regulation to minimize the scamming and deception that is out there. I, for one, welcome this announcement. It only goes to make the industry more transparent, above board and less scammy.
Ok. That is kinda funny!
The reasons given were more of a hope and a dream. Not a plan. If it was a plan, how is that working for him?
I am simply holding management accountable for decisions made. Hopefully he will grow from this misstep but I think it may take way longer than he might assume.
He now has to figure out a way to kill the death spiral he has started with the reverse split.
I wish him luck but will not invest in this game.
IMHO, activity on INTV is abysmal due to management pulling a reverse split. Until they can prove by action that there was some legitimate reason for the reverse split other than to dilute more stock into the market (death spiral), I don't see why ANY new potential investor would buy here. Also, for those who did invest in INTV for it's business model (crypto mining), the other options now available for companies to invest in, currently look far better as they aren't playing games with reverse splits (for no apparent reason other that to temporarily get the stock price above a buck). So, you've lost most new investors and scared away a majority of your knowledgeable investor base.
I am watching from afar and do hope for the best but am extremely skeptical at this point.
GLTA
LOL. Coinbase is just passing along the hate label that was put on by the government. Your problem (if there is one) should be with the government that labeled this symbol.
Besides, you can't buy pepe on coinbase anyway so what's the problem?
pepe is a meme coin without value or functionality. It's a gamble. That's it. good luck
Question. Why didn't BTC "clonk" as it went well below the "line of death"? Then, if it crossed and descended so much below the line of death, why didn't it "die" as your graph/line implies?
Is Digatrade trading again?
Sure Nowwhat.... Buy BTC
Nice Friday lift happening
jdcpa1,
Dilution is a problem most of the time. In the past, INTV diluted usually when raising cash to purchase substantial amounts of new mining power which they followed through on. This is ok if managed well over time.
When a reverse split happens, it almost always is due to the need to raise more cash than a company has in shares available vs outstanding. This sends a very strong message to the investment public especially on the OTC market. It usually means the company needs to do a reset and any common shareholder will need to take a substantial haircut. Of course, the owner always has the ability to issue himself new shares at the new lower prices to recover an equivalent percentage of ownership.
Sure, some longtime shareholders can always "average down" to hopefully eventually break even again but that requires a lot of trust in management that just threw you under a bus so to say.
Current management (Steve) has taken a substantial hit to reputation with the RS (and no simultaneous and justifiable deal). I gave them a lot of credit for surviving the last crypto winter and coming out the other side with minimal dilution and increased mining power. With this reverse split, I no longer trust his business acumen.
Good luck to those who choose to stay.
Good summation. This was my point. There are other miners that are not reverse splitting and diluting the crap out of long term investors. Bad move in my opinion.
Agoura Guy it looks like you are wrong again.
It's those darned earning reports that keep killing your shorting strategy.
If I listen to some of those back then and now, I am still waiting for the bottom to fall out. LOL
Wow, META looking pretty good AH.
And now it just went through your clonk line with even higher volume. I have not checked the news so I don't know what is triggering this uptick but it looks like it has steam.
That is a substantial volume spike. Do you know what is behind it? News?
I see MARA is up 2.5% today. How is Steve's plan looking today. Oh, down 15% after all that red the past few days. Looks like the RS has more of an effect than the crypto market.
Never should have RS'd this.
Scotttrader80, what defies logic is why Steve did the RS in the first place. There were plenty of issuable shares available for him to dilute with for either more equipment or his M&A type ideas. A RS is a kiss of death on the OTC. He should have known this.
Realistically, if Steve really insisted on a RS with a company like INTV, there are only two potential non-fatal times to attempt this.
1) Right after announcing a substantial increase in value of the company (such as with his M&A idea, an actual deal). This provides the justifiable reason for the RS and would lesson the dump effect.
2) During the hyper increase in shareprice of BTC between the next halving (Apr-May 2024) and 6 months after. This will likely create a new ATH for BTC. Again, INTV should be benefiting from a ramp up in BTC price. However, by doing the RS at this time, he has killed his investor base.
Truly defies logic. He is either getting bad advice or he is scamming from investors.
I was hoping Steve was an upstanding business man but I stand corrected. He RS this and crushed any possible momentum. Granted, he did warn. He also said he needed to RS to raise cash for more machines and/or M&A. Which means, he is about to dilute in a recession market. Sorry, but this will not be good for any current shareholders. Steve will issue himself a ton of new stock at similar prices to what the venture capitalists get out of him. That will likely be around .10 on the $ where ever this stock price settles. Those doing math on the "current" share structure will be rudely awakened when the next shoe drops.
I will continue to watch but I have mentally written this one off. Much more invested in RIOT and MARA (and several others).
Keep diversified.
wow. If this was hovering around .03 presplit and today it already traded less than $1. That's a 60% haircut during the first full day of trading.
Unfortunately, it still has a ways to go down before finding a bottom. Literally, it will likely trend down for the next month or two directly after a reverse split.
A reverse split is proving to be the kiss of death of another OTC stock. So much for the uplisting argument.
Sounds like user error to me. Been on Coinbase for years and have never lost a transaction.
You do need to be careful and closely guard your access data.