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Last time I spec'd out another rig, the ROI was at least 9 months, too long for high risk high reward high volatility that is crypto right now.
Honestly he probably has a 4-8 GPU rig built, nothing crazy, prices have come down a lot since Q4, so think of BitHive as his hobby for now until he has nice revenues on the books, or shares a pic of multiple units. The hardware shortage has been brutal. Been meaning to expand my own rig to multiples, but ended up pouring that money into KGKG haha. I had an ASIC for LTC too, but worth more to flip it. Depending on GPU and crypto he could be doing ~$100 per GFX card on equihash algorithyms, but they downplayed the last PR when it came out like they had to settle with what hardware was out their given the prices. So I envision a 4 GPU Ebay bought rig, probably doing ZEC/ETH, maybe $400 in revenue per month after electricity costs. Like I said, this should be at the bottom of the pile for reasons to invest.
I believe the original release said a variety of coins. This is because there are miners that can be configured to mine whatever altcoin is most profitable day to day, I'm sure that is what they are doing. I personally mine ZCash, which is amazing right now FYI.
The problem is that the fins haven't hit the news wires, which I'm guessing is because these news wires don't pick up fins for Pinks. Now if we actually uplisted by now, maybe people would see this. We just don't have visibility, no one knows the greatness of KGKG or it's $9m in shares. Very frustrating.
But it is known dilution from previous financials. It's not toxic dilution like you keep implying. Are you the dilution knight of righteousness or something? Seriously, its normal for public companies to have restricted shares come due for insiders. Now if the OS changes, that's a different story, that has not been the case, and anyone who's done DD would know of these shares from previous financials. This topic has been exhausted, please do not bring it up again, it is unnecessary at this point.
It's not the same thing though. It's not like newly issued shares. Not a stinky pinky dilution scam, where they issue hundreds of millions of shares, bloating the OS to max. Its misleading to consider this stinky pinky dilution, when the float is organically expanding from restricted shares coming do, even blue chips have this behavior. Hell my fortune 500 company has an employee stock purchase program, so every share I purchase is dilution in your eyes? These shares entering the float are already part of the OS, that is normal. Since so many came due at once, RC made the smart decision to be transparent and give back to shareholder value by RETIRING 160M shares!!! Clearly not your usual stinky pinky dilution. That's what I'm saying.
Completely agree. In fact I think it's ridiculous in last PR he mentioned their plan to keep investors informed as milestones for uplist are met. This literally means they haven't even started, which is insane considering it's over a year ago he talked about uplist. I know things have changed, but RSP is right that all ducks should have been in a row by 30 day mark.
Where does iHub pull news from? I see fins haven't hit the news wire yet.
Yeah I'm not 100% sure about VNDM, if hes playing market maker or diluting. If diluting, could only be 1 or 2 people left with shares. PPS has been increasing though, likely because the main dilution finished in Q1. The good news though is it's not newly issued shares, so not your typical stinky pinky dilution, just restricted shares coming unrestricted. Seems organic to me so far. Let's see what this week brings. He did flash 300k shares last week, so just be close to done.
But dude, it's from restricted shares coming due, they weren't new issues shares, it's not a big deal. This is a start up company in its 2nd year. RC retired 160m because he didnt want share holders to pay for it. I dont see a problem here, especially now they are done.
Restricted shares that came due. Not OS dilution. Only shares left are RC and restricted. Nothing holding us back now!
Eerie day, calm before the storm, pop will come Monday once news settled in.
See what happens Monday when the news has had a chance to settle into all channels and investors have the weekend to search their next pick.
Someone sticky the financial news please.
I was just about to reply, but k ow my buddy LuHo would absolutely wreck it!
Dude it's already at .0159, aim before you shoot brother. I've told you since day 1 find move all stocks of there is positives. 148m in VATE shares is a massive positive. You know by now news takes time to scatter around too.
Old Bobby will do the fine this weekend while sipping on a HighDrate. We will see find drop over the weekend or first thing Monday.
Makes sense, just timing wise week to week the past month or so, it starts to push higher mid week. So by end of day, would be nice to see that bounce up, otherwise for sure tomorrow, especially with the fins so close.
Watching Saving Private Ryan in 4k Dolby Vision. Panzer better stay out of Ramelle lol. Moving upward, go KGKG!
Really solid how the PPS has been moving. Tomorrow is already Wednesday, so should see the uptrend continue, then the pop when fins come out with VATE shares on them. :)
Big daddy needs a new pair of shoes. Go KGKG!
Just timing. For instance, we closed too high on Fri due to some final ask slaps. I knew today it would drop, but also, start of week for this stock has typically traded this way. Wednesday to end of week seems to close stronger. Difference maker this week is the impending financials with those 148m VATE shares. Volume is still above avg today, so keep that in mind. This thing is ready to explode. Going to be amazing!
Let's get him in here to join Panzer. Unstoppable then.
Anyone else super pumped to see those fins with a 100x asset increase thanks to those VATE shares? I just can't see this staying where it's at with such massive financial news on top of the retired shares. Should be pretty epic. .03+ then uplist .05+
Hahaha, love it, go KGKG!
I was going to ask this earlier. Doesn't make sense, every time this is about to run, the spread tightens up and drops to the bid, like wtf?!
It's pretty amazing, cannot wait to see what 100x our assets does to PPS. Hang on tight and welcome aboard. Check out my sticky too when you get a moment.
Heating up for summer grand salami, going to be amazing.
Yup that's why it didn't do well after release, that and the botched vithive mining update, but these next find should be pretty amazing by the sounds of it. Any progress will raise PPS, and if those VATE shares show up on there, then we go to the moon.
I wouldn't be too worried about VNDM. They have also been seen on the bid, but you have to remember, they are #3 in size of securities on the OTC, they are a legitament market maker. I know you may have seen toxic debt stinky pinkys that they may have been on, but you have to understand there is no way every single one of their 1,200+ securities on OTC are being diluted.... They literally are just playing market maker with this one imo. Perhaps even loading for when fins come out with that $10 million in assets and/or uplist, or record sales, or the retired shares. Too many positives man, this is only going up! Panzer knows this too!
Nailed it exactly. Selling before Q1 doesn't make sense unless people cant keep their money tied up any longer for some reason. Cant wait to see those fins!
Time to get slap happy Panzer, see what some BOOMS do to the ask.
These prices are the calm before the storm. Fins will have the record sales numbers and the 160m retired shares, making it official. I suspect it will get its boost at that time. Similar to how the news of retired VATE shares didn't generate the huge increase in PPS until after their annual released. I remember another penny ticker I used to have that was a triple 0 stock, and tons of toxic debt, yet any time fins came out with even the slightest improvement, price would shoot up. Penny stocks respond to fins just like any stock, it just has to be positive. Cannot wait until financials release!
Cant believed I missed the dividend. By 1 day. Still remember being I the airport buying my first KGKG shares, thinking after they settle I would be good by a day or 2. Nope, literally missed by 1 day. Sucks!
Any ideas why we dropped so hard today?
Completely agreed and VNDM may even have something to do with it.
Whoever said Peach CBD water is their favorite, I may have to agree with you, but that watermelon is so good too. Didn't care for the strawberry kiwi though, not bad just not my flavor. Also, had a sugar free this morning. So good, way better than Red Bull guys.
Cant wait to see what some of these naysayers will have to say when we get the news KGKG is on the OTCQB. Going to be so awesome. Going to blow some minds I think. Hang in there guys. I was doubting KGKG for a bit there a few weeks ago, but my fears have subsided. Positives far outweigh negatives and the direction they are going is just going to be more and more positive imo.
That's them doing their job as a market maker, completely normal. I know VNDM gets a bad wrap, but they are #3 in OTC assets, with 1,100+ securities, you can't tell me they are diluting every single security they have. They are making the market for KGKG. Looks like they are letting it run a little. Doubt they have anything to do with dilution IMO, and as Fallingknife pointed out, they aren't dumping. Just a mm guys, nothing more.
Lol 5k slap at 17 then ask falls to 135? Im so confused at how we have been trading lately. Nothing makes sense. Could MMs just be holding this down until super catalyst uplist news?
Nice, coconut was my favorite I remember.