Jan 10 2019 ...BTC $4000
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Soon.....lol
MGTI has already been a $12 share price in Dec 2017
They only had an O/S of 45 Million and BTC was 20k
Now they have an O/S of 310 Million but....
If "IF" BTC climbs as predicted by Market analysts to 40k by end of year theres no reason MGTI shouldnt be $2 - $3/share
as long as they keep shareholders updated I'll continue to hold thru the fluctuations
Something else ive considered is the possibility of a Buyout
Who knows anything at this point....its all speculation
The risk to smaller players is a crash back to 1k
So even though they will experience a loss....selling now @ 9.8k gives them 70% of their money back to play something else.....and the person that just sold out could possibly be rebuying all of his/her own BTC back at a 4k discount
Its truly a ruthless cutthroat game
Bitcoin is vastly unregulated
My personal opinion is one of the whales wanted to sell off some or ALL of his/her holdings in BTC so a Teleconference was instigated getting the ELITE to push the price up
As the price rose...(it got over 13,800 last week) the perfect opportunity formed for the SELLER to dump into the FOMO but couldnt sustain upwards momentum because of the plan
This is all my opinion of course
This article is from Dec 17
https://www.bloomberg.com/news/articles/2017-12-08/the-bitcoin-whales-1-000-people-who-own-40-percent-of-the-market
Its compressed into larger holdings for fewer holders since
I'll see if I can find the Article by McAfee
Theres a few listed here from April...but as it states...its unregulated so names on Wallets are virtually unknown
https://medium.com/letknownews/top-bitcoin-whale-wallet-owners-biggest-btc-addresses-from-the-blockchain-world-in-2019-8e6b22c3a6c2
From what Ive personally read only a small number of people own the bulk of issued Bitcoin
They manipulate the price
Until they decide to sell some of their holdings off and into the General Market I dont see Bitcoin going anywhere soon
Shame
I fully expect to see MGTI under .05 by EOD
July 1st
Were now less than 2 years from filings and news
Hold tight....this is gonna FLY in 2021....lol
Im almost Positive YOU have done the DD to know what were sitting on with this stock
As Bitcoin climbs....so does MGTI
In DEC 2017 BTC was 20k....MGTI was $12
Those were fun times here
BTC is going higher this time around....most likely $40k
6 months from now MGTI will be @ $5
JMO
Must be nice to have $1,250,000 in your trading account to short 500k shares
If you know anything about shorting AT ALL you KNOW it costs $2.50/share to short stocks under $2/share....lol
Every share sold is bought by someone
Ive added today on the Bid
Once it hits .20 it will be jumping a penny at a time
Thats when the fun starts
Could be a beautiful Friday if Bitcoin keeps climbing :)
I wouldnt be at all surprised to see Bitcoin at or above 15k by open tomorrow
I have a feeling the Powers that Be are gonna take Bitcoin to 20k for July 1st.....then work on getting it to 100k the last 6 months of the year
2 years left for news
What a POS Company
Bitcoin is FINALLY moving and what do they do?
Release an S1 effective order to dilute yet again AND PUT A STALL TO ANY POSSIBLE PPS INCREASE
The OTC is nothing more than CRIMINAL
My last post here was Feb 2 Post# 39280
The PPS then was .0022
125% gains a month for 4 months isnt too bad....lol
Been going thru some of the recent DD posted the past couple weeks and I wont be selling quite yet
This has the smell of money ALL over it
Here comes the 3's.....lol
1:25000.....lol
uh oh
Was nice to see a few posts here today
Maybe ABCE is finally waking up?
Lets see what the New IR Firm brings to the party
GLTA
.01 resets the clock
I fully expect an MM to whack .0095 for 100 shares @ 3:59:59....lol
It needs to close over a penny to maintain QB status before close tomorrow
Slapped the ASK for a few
Maybe the new IR gets this where I feel it should be
4's hitting
UH OH....lol
Once 4's start dumping it will take all of 30 seconds to wipe them out
Im thinking that if LAHO can get 1 billion volume tomorrow it could achieve NO BID....lol
POS
I looked in the dictionary under SCAM and it was pointed out I was spelling it wrong...its actually spelled LAHO
18 straight days of dumping
https://finance.yahoo.com/quote/LAHO/history?p=LAHO&.tsrc=fin-srch
Volume has slowed down because A/S is now MAXXED
Next PR from this turd is notification of R/S ....lol
I certainly buy in to a lot of these Scams....lol
Perhaps 1 of these days one of these Reverse Merger plays will actually be legit
But I doubt it
Its all about selling shares....Reverse Splits....then selling shares again....over and over and over
Anyways....threw away another $grand on this one...hahahaha
The 6's were gone in less than a minute
I'll give the 5's 90 seconds once more dumping starts....lol
Looks like MAXM has an endless supply of 7's
I wont be waiting around until No Bid
If Bid gets down to 600 Mil...
Im eating the loss and dumping ALL of my holdings in this POS
No interest here at all
That last thing in IR really screwed any momentum this had a chance of getting
157,352 Volume
11 total posts including this one
Stick a fork in it....its done
its 250 million shares
80 Mil was converted yesterday and theres still a LOAD on the bid @ .0001
Hopefully they did some research and hired a reputable firm for IR and not just another Communications Student looking for a summer job
This is a viable business in a Hot Market
The current share price in NO WAY reflects their Market worth
Im just worried that if Investors dont move the share price up...O'Dowd will get frustrated again and do another R/S to get the share price up....lol
We all know how IR works on this Company
If they have good news....they will release it today after close
They release news Friday's after close so the impact is lost and there is little to no impact on share price....lol
Tards
Gonna need some real Material news to move this up
The MM's are stacking the ask at every level to keep this @ .04
Looks like a wakeup call went into Management
Back in @ .0415
Let the party get started
The OTC for me is a crap shoot
In a lot of cases I take a couple hundred profit and walk
In a lot of cases I actually am 1 of the few that gets $200....lol
I feel different about this play and although I could walk NOW with better profits than usual....I feel Id be leaving significant money on the table
The trouble is you get used to being burned over and over and over....so I get gun shy....and Hit the SELL button too soon
Id hate to lose what Ive got into this...its an accumulation of profits for the year....but its money I can afford to lose....so Im letting it ride
Realistically I think this should be at .30 NOW....but could EASILY be a buck or more with some legitimate confrmations of sales
Its easy to post sales on paper
Ive got some skin in the game on SIML
The 8k's keep coming and seem pretty legit
Proscere Bioscience on the other hand....theres literally NOTHING about them anywhere
Please...if you have something on that company enlighten us
All I could find was a Business Address....which is a 3 bdrm house....with a For Rent sign out front
Theres exceptions to everything
Sure some Companies are actually legit
Maybe 1 in 1000
Youd actually be quite surprised what "Pink" CEO's can get away with
The OTC is called the Wild West for a reason
Its HIGHLY unregulated,filled with scams,with little to no recourse
Everything you invest in the OTC is a gamble
Just out of curiosity how many actual winners have you picked
My Luck is CRAP....hahahaha