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Practically DEBT FREE!
INCREASING REVENUES!
DIVERSIFIED!
I’m not spinning anything,
I believe Todd scheduled a show today to talk about Nile, it should be interesting.
MohaveTrader
Bullish
09:14 AM
$NILE Not sure how many of you realize just how much $NILE SP is below some of its publicly traded holdings.
$ALZN, $MULN, $ZEST and $MICS
I'm talking well below.
Now add in all those other companies, some of which will go public too and I can't imagine this beaten down SP will stay down this low for much longer.
Good point
Take advantage of the Dot-Com bust market. Correction will come, it’s just a matter of time and patience.
My pleasure!
It’s a HUGE article, and I only posted about 1/3 of it. I’m taking advantage of the discount price, hopefully it stays this low another day ;)
BitNile Holdings: Way More Than Just A Crypto Play
Summary
Most investors perceive BitNile as a crypto play. However, this is incorrect. Cryptocurrency only reflected ~10% of total Q1 2022 revenue.
In addition, BitNile also has exposure to real estate, aerospace and defense, EV charging and technology, commercial lending and activist investing.
The main reason why the share price is severely depressed relates to the common stock ATM (at-the-market) offering, which has caused tremendous selling pressure.
The good news is that the ATM is finally coming to an end and BitNile has created a substantial asset base, exceeding $500 million, capable of generating attractive cash flows.
The CEO recently purchased 1 million shares in the open market, a significant vote of confidence. BitNile is significantly undervalued.
https://seekingalpha.com/article/4519473-bitnile-holdings-more-than-crypto-play?mailingid=28136322&messageid=portfolio&serial=28136322.995202&source=email_portfolio&utm_campaign=nl-portfolio&utm_content=portfolio_digest&utm_medium=email&utm_source=seeking_alpha&utm_term=28136322.995202
SEC Transactions Last 6 Months
Buy / Sell
BUYS
38
SELLS
0
TOTAL
38
Shares
BOUGHT
16,006,033
SOLD
0
GROSS
16,006,033
NET
16,006,033
+$50,000,000.00 buyback announcement!
Nobody expected Bitcoin to retrace to $17,500! A gift! IMO
You do realize that he found a non dilutive way to raise money where he can leverage a portion of the Bitcoin we mine to pay the Dividends? There is no more dilution imo
I predict Nile will be 1 billion market cap in 2023
Looking good to those who have eyes to see.
Congratulations
Sounds like there must be market potential for this to go worldwide
Maybe not…My Etrade shows 323.98 OS
It’s not available on OTCMarkets
So we wait and hope Lady Luck smiles this time
Dude, where do you get your information?
We have been at 313 mil OS for a while now, and he is buying back $50 million worth
As far as the preferred, I can buy them on etrade. You may have to upgrade your Robin Hood account hehe
Thanks
Urge2splurge is right about a lot of stuff. We need to see or hear where we are on TOG, buy back, ATM
It’s time for an update…
Of course give us a run and that will buy him time too, brutal year for many
I’m still down like 50% here
Tomorrow should be good
Nice close
Added more earlier today
When the announcement came to change direction at DPW in December, we were $2/$2.50 I bought a little at 1.5 in December
Bitcoin was $69,000
Mara was $80.00
Riot was $45.00
If you did your research you knew it would be at least October 2022 when the plan would materialize…
IMO Hold onto your seat, we’re going for a ride soon!
And I think it’s pretty stupid to bash a company I’m invested in…unless I was short!
Not likely, just a small retail investor.
I started trading DPW a couple years back when it made that big run. I loaded heavy in the 70’s because I like the Holding Company approach and diversity it brings.
I just went long when All crypto started dropping, adding some every week.
I didn’t expect an event like the DotCom Bubble, but that’s what we have.
Bottom line, I think our CEO played it as good as any could have, better than some.
We shall see
One man’s crap is another man’s treasure.
Yeah, perfect time to release that beauty.
This must be what he was referring to on Twitter a couple days ago…
Follow it with a formal “closing of the ATM”, and everything starts to turn up along with BTC, as it is forming a bottom also.
GLTA
Strange Bitcoin hit $22,500 also….
It hit $.225 around 5:00 am this morning
Double bottom
GLTA
I’m calling 22.5 the bottom
We have financing
We have revenues
Way underpriced here
I have to disagree. IMO, we are sitting on a $3.00 stock that hasn’t hatched yet.
We all know the book value but for some reason he hasn’t formally announced closing the ATM.
Why I don’t know, but I do know when he does the money will flow into the stock and the correction will begin
This whole sector has been obliterated
The guy is legit imo, I’m a very good judge of character. The turn is just ahead, so hold on to your seat brother.
I added more yesterday and will continue to add when I can. I have had a 1 yr timeline at the start last December.
Down huge again with positive news, wtf
Thanks for your reply, good to know.
Bitcoin Flashes Buy Signal for the First Time Since January
https://cryptobriefing.com/bitcoin-flashes-buy-signal-for-the-first-time-since-january/
I think I misread the sale of the preferred shares, we will see…
I’m betting he already has a buyer lined up
More insider buying today
https://ir.bitnile.com/node/14046/html
Boom! Already sold the preferred shares
Ka Ching $$$$!!!
https://ir.bitnile.com/node/14041/html
I would love to see an update on the $50 million buyback. I believe $10 million was already used to buyback 30 million shares at around $.32, but was this really part of the buyback??
Sometimes when you are in expansion mode, buying-out a competitor or buying another company with a complete setup plus a talented staff make a whole lot more sense than buying new.
Then there’s the “Don’t put all your eggs in one basket” scenario. We have seen how some local governments reactions in crisis situations vary greatly. Then there is the all important power supply that needs consideration.
Any number of a reasons can be at play here, but I’m expecting a buyout for immediate capacity increase. It just seems like Todd’s style lol
GLTA on our ride to the promised land!
That’s a ton of miners, and only 40% capacity. Exponential growth from here on out!
Here’s the initial file
https://ir.bitnile.com/node/14011/html
I don’t believe it has any effect on commons, but there is this statement.
“The Series D Preferred Stock is perpetual and has no stated maturity date, will not be subject to any sinking fund or other mandatory redemption, and will not be convertible into or exchangeable for any of our other securities, except under certain limited circumstances.”
I believe NILE found a way to leverage their Bitcoin without having to sell it. Ault mentioned he was looking into it.
This a vehicle for raising cash, but also a decent investment vehicle.
Thx! After lunch lookout!
Could hit 50 day ma
It will not be down at this level very long imo this is in correction mode