Theres 5 weeks of


Down to .019 .....back to .024 ....Daily


Play this right youll make a nice chunk of cash and also have a nice pile of free shares just in case

This will dump to .0065 or lower before 1:500 R/S


Glad I transitioned to a Margin account


I'll be so short on this...if I lose I'll be 10 Million in debt


I wont lose


This will dump from $3.25 back to .015 in 48 hours

Dont forget

4600 Antminers setup and functional in Sweden location


The current price of Bitcoin makes it unprofitable to mine currently.....but this is just a short term Blip in the price of Bitcoin


You sell your shares NOW your leaving a BUNCH of money on the table


Bitcoin prices will climb....dont get fooled into these scammers talking about Bankruptcy of MGTI


With their assets ALONE they have significant value.....but when mining picks back up the share price will climb accordingly

The current share prices....actually anything under $2 is a GIFT





To the Management of MGTI if you read this forum....


NOW is the BEST time to mine.....the Blockchain is slow....giving you a HUGE advantage to mine unrestricted and build up a surplus of coins



WHEN and not IF Bitcoin hits $12k....you can sell 5 (FIVE) coins and recoup your electricity losses


WHEN and not IF Bitcoin gets back to $20k....MGTI will be a GOLDMINE

I was reasonably confident shareholders would get $.80/share

After today Ive changed my estimate to $2.26/share


DONT FORGET THE ENO FACTOR

Looks to me like an ALL CASH Buyout

Id wish Longs luck....but we all know what were holding.....so luck isnt necessary

Nothing yet


But I refresh and check every 20 mins


https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001534287&type=&dateb=&owner=include&count=10

I was even @ .034

Im now UP $6200


Didnt sell 1 share


Effin excited to see what tomorrow brings

I haven't been concerned about getting a payout since the end of July when the Bankruptcy was discharged

Only a couple more days to find out how much

My opinion stays @ $180 Million B/O

Debt cleared - PWC and other expenses covered

$.80/share for those with the balloons to hold on the gamble


GLA

Thats not a far fetched number and what I was predicting as well


Eno has 1 Mill shares @ .26 average


Was he crafty enough to negotiate $1 Million profit on his $260k investment?

Something to consider


The sum of all debt is < $70 Million


The building and land alone is worth $140 Million


What are the Patents worth?

Are the NOL's in play?


If this was a Buyout anything over $70 Million (debt) goes to shareholders

Something to consider


The sum of all debt is < $70 Million


The building and land alone is worth $140 Million


What are the Patents worth?

Are the NOL's in play?


If this was a Buyout anything over $70 Million (debt) goes to shareholders

Im never disappointed when I login to this board to catch up


Theres tail number conspiracies.....almost ALWAYS a new player in the mix for Buyout....and this time even some Beatles lyrics.....lol


Im heavily invested here on a Gamble play but am very confident in it


Just want to say thanks for keeping the Board Civil...Ive been in some real shitholes


GLTA

$16 Million would obviously not just be for Severance....I wouldnt expect even the Highest Board Member to receive any more than $600k


The PWC expenses...other legal expenses ect would come out of that surplus

Shareholders are just starting to see what the future holds here for Share Price


I wouldnt be surprised to see a 40% haircut here by End of Week.....lol


Great Marketing Strategy

Colon Krapondik

I dont think $180 Million Cash Buyout is out of the realm of possibilities for Plant Patents and Inventory

$60 Mill clears debt
$104 Mil pays Shareholders .80
$16 Mil pays PWC and allows for BOD severance (they didnt just resign with a handshake and dinner)

I also dont think it very logical he invested $260k on BIOA to break even


He negotiated better before handing off to PWC and resigning


JMO

Dont Forget....

Eno holds 1 Million shares @ .26


He fought with PWC to get shareholders covered before a decision was considered

Im pretty close to that value invested....but I break even @ .034 from averaging down

Definitely not selling for .034


Im thinking .80 on the low end


Ive said all along Im prepared to eat the loss for the potential MASSIVE GAINS here

My next easy moneymaker short

Thanks NIKE

Im fairly confident we find out the final court ruling either after hours today or premarket tomorrow


Got your tickets?


Im loaded up....lol


win or lose this has been an entertaining Discussion board

Have a Great Long Weekend all


Tuesday could be interesting


Win or lose....Im in!!!

Why?


They Own the Company....and own the share structure

They would have to file an 8K to list the securities for sale but that is far far too common in OTC

Its a New Company now....not BioAmber


The offer was enough to pay off the debt in full with Cash but theres no way the offer was only $60 Million or less


I like an earlier posters estimate of $173 Million


That clears the debt and pays shareholders $.80/share

Well even if the winning Bidder hasnt bought up shares in the open market there are still 121 Million shares available in the Authorized Shares available before maxing out the A/S


That could be easy money with a share offering at only $.50

Its OTC Pink


I dont think ANYTHING is Illegal.....lol


If youve been watching the trading activity on just this ticker alone youd have seen MANY SEC violations


Pink CEO's have and ways WILL get away with murder in StinkyPinkyLand

Everything ALL WEEKEND will be speculation


I hope your holding shares....I am...and was prepared to eat the loss for the possibility of HUGE profits

Nothing is final until it is approved by the judge which Im assuming was Today


They "could" have been buyng up shares for the past 2 months assuming that they considered THEIR BID to be the winner

If they were smart...and Im sure they were....they put together an offer in the best interest of the JUDGE....of course lucrative for them as well

It looks to me like the Authorized Shares is 250 Million


For conversation sake lets say the new owners have been buying up shares cheap on the open market

No clue as to how many they could hold BUT

there are only 129 Million shares Outstanding

By taking over the ticker they could dilute 121 Million shares before maxing out the A/S

If the buyout price is over say $.50/share the new Owners could do an offering for a MaX of 121 Million shares @ THEIR price before maxxing out the A/S


That would possibly give the New Company $60 Million cash for startup costs @ $.50/share


Lots of ifs and buts on the board tonight....this is mine


JMO

If it sold for 173 Million

Debt would be paid $69 Million

Share Buyout Price would be $.8062

I dont see listed BIOA Authorized Shares

Its not listed on their most recent Q or K

This could be a very attractive Ticker to move into without an IPO and the possibility of Mild Dilution for startup costs leaving the share structure as is

They simply file for a Name and symbol change


JMO

________________________________________________________________
Who's going to pay them? The monitor has an obligation to the court to cut unnecessary expenses.
________________________________________________________________


Kind of a silly question if you think about it


The New Ownership would be responsible for paying THEIR BoD once the Buyout is complete

If this is Truly a Buyout the stock will be HALTED before open Tuesday so as not to allow insiders to purchase shares

Why would the Board of Directors be forced to Resign if this were merely a liquidation?


Liking this PR


The New Owners have their OWN Board of Directors

I dont often play "Q" stocks but hold some shares in this one

Im liking what I hear from Quebec


My value went down 55% today though....lol


BUT I DIDNT SELL

One variable a lot of posters here are not considering


This Bankruptcy hearing is in a Canadian courtroom with a Canadian Judge


Most if not ALL Canadian Judges have shareholder interests in their final decisions

I doubt shareholders will get $1/share ...thats $129 Million

but I could see perhaps $.40

JMO

LOL


Now shareholders are reporting a BANKRUPT ticker to FINRA


Good Luck with that



I seriously doubt the share price maintains over a Penny by EOD

My prediction of .018 close earlier was waaaaaaay off

.018 Close


Stick a Fork in it...its done

Great day here


About to go RED

So youve Filed a 13G then as a greater than 5% shareolder?



Huggo Wednesday, 08/29/18 01:34:01 PM
Re: Penny Traders Club post# 33035
Post #
33067
of 33072
I added 11M for myself for good measure but yeah your right it's 129M.

All MM games now.....3000 share buy...600 share sell


If there is positive news this may hit a Dime

$2.00 ....lol


$70 Million in Debt and 130 million O/S


Someones gonna pay $320 Million?