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Steve, believe me I want to believe but I am following the money in this deal and you would have to agree its not adding up......there has been ample time to get this all done...
Pinball, I gotcha BUT in order for phase 2 to be completed the two board appointees would have to be paid wouldnt you think / agree ? ...if they are not paid then this is ALL BS ...since they are moving to the US and stipulated health insurance for themselves in the board of directors agreement as well....Soooo being paid with options an S8 HAS to be filed with the SEC ..... in that S8 both parties have to be identified - so that would finally speak volumes and seal the deal so to speak that this is all REAL , the two board appointees are real people as Frankenmatt
would incriminate themselves pretty badly if they lie to the SEC with fictitious names etc ..... so SIMPLY NO S8 NO MERGER ..... again if an S8 is filed then snap up all you can....my bet -it aint happening :( ....no I am not shorting , yes I own shares .
Simply ...no S8 filed = no merger ..."IF" an S8 is filed by FrankenMatt buy all you can ,,,,,,,,
Because they are so disconnected being in China , simply do
not care to expend the energy OR as others have speculataed Canoe was never
even truly involved here from the start etc...YOU are correct you would think a
legit co. like Canoe would put out their own press release stating things
are progressing or NO the merger is off - but mysteriously that isnt
happening which leads me to suspect none of this was on the up and
up to begin with ....
..regardless - if there is NO S8
filed those two Canoe board appointees cannot receive the stock options
(their pay ) which is there (supposed) agreed method of
compensation ...I was
suckered too - believe me I am sitting on worthless shares and N O I am
not shorting this stock. We have to look at the facts NO SEC S8 = no
payment to supposed Canoe appointees so this is all BS :( .
Lets step back and look at this unbiased ...the 2 board members were announced GREAT ...the next LOGICAL and LEGAL step would be to pay these people their options as stated in the B.O.D. Services Agreement posted on OTC markets ..... I mean nobody is going to uproot and move from China without being paid first right .....There has been N O REQUIRED S-8 SEC filing for paying these people their options from Canoe Pool ...PS its around 187,000,000 shares for $75K per Q U A R T E R for EACH of them at .0004 pps ... times 2 for 2 board members or ~375,000,000 million shares PER QUARTER ... THIS IS A HUGE SMOKING GUN - proof unfortunatley that this is yet another bs scam being run by these two - there is NO MERGER unless you see that options filing ....follow the BOD's money - it isnt there ! WE have been duped . GUYS DO NOT IGNORE THIS FACT ....alot of the droning negativity on here is biased by past experiences by FRANKENMAT - but this fresh , fact is staring us all in the face :( . Simply NO options filing - no merger ........
Wow 40 acres that isn't a small facility .....I think its interesting that a BIG CHINA player like BITMAIN is locating to the US ,,you can almost be 100 percent assured others will or ARE following in the GIANTS footsteps.... Sweden , Iceland are mentioned all the time ...maybe they are locating in several different countries so they can hit the ground running wherever the crypto laws are the most favorable after individual governments finally rule on their use ..... this cements my belief Canoe must be doing the same here in the US ...HOPEFULLY it is with us !
The rumor is ....Bitmain is / was behind Li as a portion of their hashrate disappeared then an equal amount of hash appeared almost overnight signaling as Canoe...reason being Bitmain supposedly doesnt want their true marketshare disclosed....what might be interesting is to find out how Li got his seed money and or funded those two mines he supposedly bought ....
What video ? " Did you enjoy the video I posted with the comment you posted?"
X2 ...several of these cryptos have gone COMPLETELY absurd pps wise when a major announcement is made LFIN , CRCW , RIOT ....SANP WILL be another to do this based on the association with CANOE - rumored to be backed by BITMAIN ...SANP has a TON of people watching it ....as crazy as it seems I see it going much higher on the announcement day " I F " it happens at all IMO ... share structure SIMPLY will not matter as a split will be announced shortly thereafter to wrangle in the share structure imo.... GO SANP !!!!
WOW they are seriously adding rigs somewhere ...the hash keeps going up little by little ...interesting ...
Link or source ? "But what I do know is Frank has said he will pay them out of his cookie jar."
D2O - Im thinking your negative on this whole thing lol.....
60% yes 40% chance no
30% Because they dropped MJ Podwerks play like a hot potato all of a sudden out of nowhere .... MJ stocks out there are making money .
5% because of specific weird items mentioned in the B.O.D. appointment contract...health ins. salary , no dilution clause .
10% because there was follow through on the year end 2017 items mentioned b.o.d. mainly .
10% because of the trip to China , purchase pics , behind the scenes pics of a mine being constructed...miners are pretty secretive over there , I dont believe they would just let anyone in to take a look,,,the mine under construction in the pic was LARGE in scale .
5% Celebration pics in Vegas someone unearthed ;) ''''
REASONS WHY NOT - NO 40%
30% FrankenBuns past history on deals....
10% Late , NO NEWS AT ALL , hooking up rigs isnt rocket science...no bios can be found on any of these people ....
"5. Anti-Dilution.
The Company agrees to not issue equity capital for consideration less than fair market
value, or otherwise issue equity capital that would have the effect of diluting Director’s
ownership position in the Company in a manner that is not implemented pro-rata with
respect all stockholders. Issuance of stock options or other equity grants to employees
or consultants, shares issued in connection with acquisitions approved by the Board of
Directors, and shares issued for consideration at fair market value shall not be
considered dilutive."
I believe so ......
MGT$ is a bit of a mystery ...should be much higher PPS wise IMO .....I think they are better off and focused more since Mcafee left or was asked to leave ..... they claim they have an incredible 5000 miners running but I have never looked up their mining stats on the chain to verify ...Nolan Bushnell - ATARI CHUCK E CHEESE FAME on the board but from the outside somethings not quite adding up there FWIW ....I smell a RIOT situation possibly .
Understood ...but an acceptable way I see for this to go down would be a split ,share price immediately to .05 , announcement of merger complete -we are now Canoe , Franky steps aside , Li takes the helm , because hes sitting on piles of cash he doesnt dilute and or retires shares , infuses CANOEPOOL cash into CANOEPOOL.US , buys new or relocates xxxx mining units ,officially starts CanoePOOL.US membership drive asap , announces any revenues we have possibly earned during this quiet period AND we are now officially off to the races as CANOEPOOL.US free of all the past blunders etc ...
Thanks Seat ...but if they did a split say 100:1 we are wrangled into 79 million OS at that point (liveable but not ideal) and .05 cents with just the simple stroke of a pen ...
Also I believe a TON of people are watching this stock from the street or sidelines which could bode well for us on announcement day that we are in fact going to be Canoe via reverse merger...
Then throw in the rumor factor that Canoe is linked to Bitmain ....
all just speculation but interesting .....
Canoe went dark for awhile and apparently stopped mining...I believe that signaled their move ahead of new Chinese regulations . Like yourself I do not believe those machines are stateside . They would be in another nearby , crypto friendly country with cheap electricity is my guess. They are online again and mining at about a 20% increase in their latest hashpower - so they must have picked up some additional machines it looks like .... The CanoePool.us server is running and apparently located stateside in Southern Cal....whether its mining coins is totally unknown ..... I dont see any indication of traffic running through it- so we wait :( .
NO NEWS - SO WE WAIT ....so lets have some fun with some crypto speculation to kill some time .....
Can we assume you can gauge the investing publics interest in a crypto stock by the number of twitter followers it has and predict its avg price per follower ;) ?
Co. Followers PPS TODAY
RIOT 3266 $10.15
SANP 1473 $.0004
MGTI 1143 $1.98
LFIN 77 $35
CRCW 404 $52
From looking at this table I would say they is a disproportionate a.k.a HUGE INTEREST in SANTO for being such a "little" unknown non performing penny stock and what they are doing .. Some of these crypto stocks caught fire and skyrocketed and have a fraction of our followers ? The HIGHS... CRCW $642, LFIN $142.82 ,RIOT $46.20 , MGTI $8.14 , SANP .0030 ......
Partly in jest -some math - throw out the highest and lowest pps ... figure out the avg price for the remaining 3 cos 15.71 .... then avg the followers among the three 1006 ...again throwing out highest and lowest .
Divide avg pps 15.71 by avg followers 1006 you end up with .0156 cents per follower ...then extrapolate our case 1473 * .0156 = $22.97 ... I believe about 10% of what people tell me lol so that puts us at $2.29 ...... unless FRANKnBUN have skipped town for good.
Its been kind of weird though ...all these 4's 5's being sold for
weeks now .... I have always wondered if the co. is selling a
HUUUUGE block when do they have to report it - when the last shares
in the block sells or everyday along the way the increases must be
reported ?
I believe the board of directors appts. the PRES / CEO - that would be Li at that point if the reverse merger happens here ,,,the smaller private co. takes control of the public co. and instills their leadership ...
Then the first order of biz will be to wrangle in the share structure - so you can bet your axx there will be an immediate reverse split at probably 1:100 to 1:1000..... so that puts us at a nickel to 50 cents post merger ...... then skyward "SUPPOSEDLY" ...keep thinking like recent skyrocketing cryptos like CRCW , LFIN , RIOT - we could go to tens of dollars easily if this is all true - none of them were connected to the likes of a CANOE or Canoes rumored affiliation with BITMAIN .
Really ? Have they been this specific / detailed in the past about
what is "supposedly" going on in updates ?
All these 4's selling forever lately I think has been him selling co. shares to empty out the coffers before the last announcement or pump.... its coming for sure...
"Highly illogical" captain .
"Integrated Ventures? @IntVentures
New lease. Power galore. Connect newly arrived rigs. Double revs. 2 weeks. Thats the plan.
7:29 AM - 16 Feb 2018"
My thoughts ...
Checkered past - FOR SURE .....but maybe they stumbled onto a legit deal here - right place right time ,lots of specifics stated here , SPECIFIC names pr'd , apparent progression on Canoe.US website , signed dual language contract with a peculiar health insurance clause , no subsequent fluffy pr's either this time to keep it rolling along ... the granularity and facts are easily traceable and if an investigation happened would nail them to the wall .... I dont think they are that dumb ...
Podwerks - they stated in a tweet that they needed to clean up their image as MJ stocks were looked down upon in China ... If he was truly scamming he would have kept the MJ - bs going - as its still a hot sector churning along in the OTC making money .... something made him drop that project like a hot potato ...which leads me to believe in the legitimacy here of this .....
Silence ...uncharacteristic of a true scammer getting to the end of his authorized shares....I think the SEC and or Chinese govt. is the holdup here and one way or another the merger is either approved or disapproved .... red tape takes time ....
Side note ...I was thinking about this the other night ....IF the covert rumor about Li / Canoe being affiliated with BITMAIN is true - this stock is the only stock out there that would be like being a part of BITMAIN a private co. that OWNS the crypto mining hardware and mining market and did 2.3 BILLION IN PROFITS IN 2017 . "An early miner of bitcoin says that the MONTHLY PROFIT of Bitmain in 2017 was $30 million USD and they reached a net profit of roughly 1 billion yuan during the first half. ISNT THAT WORTH THE GAMBLE WE ARE ALL TAKING HERE ALONE ? I think that puts our PPS in the CRCW , LFIN , RIOT trajectories based on the BITMAIN connection ..... possible tens of dollars ... I think the true play here is the possible connection with BITMAIN .
https://www.applancer.co/blog/bitmain-2017-revenue-report-says-the-company-generated-23-billion-revenue
YES ! And on a personal note I have looked at a few other crypto mining stocks that look decent and CANNOT persuade myself to buy into them as the amount of Steves honesty, openness , communication here is unmatched in any penny stock I have ever been in before . IMO honesty and ethics will be rewarded to all here as we grow !!! GO INTV !!!
Good Catch Jed ! That and the recent hashpower increase indicates things have certainly changed at Canoe .... I wonder if they will finally capture a full 2% or beyond of the coin mined with these recent changes .....
W O W .....20 % rise in hashpower almost overnight !!!!
Bringing more rigs online apparently from somewhere ;) .
So someone said they didnt know why Canoe needs Santo...here are the speculative reasons this deal makes sense........
China is kicking miners out and is anti crypto ....so they relocated all their mining equipment elsewhere -hence Canoe Pool going dark for a few months but now back online successfully mining bitcoin daily $$$$$. Why not start a US based subsidiary as well....
Li said a US presence was always planned for Canoe .....
Frank has the US Santo mining shell , has been working in China for many years .... they met somehow ,so it makes sense to sell the shell to Canoe, its supposedly much cheaper to do it that way , the OTC reporting requirements are not as strict and you can pretty much guarantee this will GO THROUGH THE ROOF right off the bat when the merger is announced bringing big $$$ to both parties involved just on the word of the merger being completed and not lifting a finger really ....
I would imagine a US subsidiary would allow an entity to protect its crypto assets from the P.R.O.C. and its anti crypto stance ....move it or lose it ;) . The US may put those funds in a safe harbor so to speak.....
Moving forward I would say Canoes Li , (Bitmain Wu possibly due to links with Li) are truly running the show here within Santo/Canoe US .... they have a ton of cash from coin mining and mining rig sales for many years -so the sky is the limit as far as what they want to do with Santo post merger ....
Everyone is concerned with the OS of Santo - my feeling is its a non issue and the day of the merger there will be an announced stock split wrangling in the share structure,,, this could easily go to $10's of dollars on that day imo ...just look at obscure crypto space stocks that skyrocketed like LFIN, CRCW , RIOT ....AGAIN they werent even affiliated with the quality of a Bitmain or Canoe behind the scenes like we are here ....... skys the limit here...... IF THE DEAL CLOSES .
Yes great synopsis Akula -for any new investors coming in here is why there is a MAMMOTH upside to this if it all pans out soon ...
"CANOE POOL Is essentially a subsidiary of BITMAIN. READ HERE WHY:
BITMAIN owns many huge Bitcoin entities, including Antpool, BTC.com, are direct investors in ViaBTC and likely have huge managerial control over it.
It has been speculated that when Canoe Pool was started, it was given its hashpower from ViaBTC mining operations as 22Petahash of mining power seemingly disappeared from ViaBTC and went to Canoe Pool overnight. Canoe Pool now has a staggering 2% of the total mining power and equivalent to about 150Petahash, in a mere 8 months time.
As mentioned in the previous PR, BITMAIN is directly partnered with Canoe Pool on their mining facility in China. Canoe Pool uses BITMAIN's AntMiners to mine Bitcoin as well. It is also well documented that Jihan Wu, founder of BITMAIN, and Li Ang, founder of Canoe Pool, are good friends. Here is them attending the same Bitcoin roundtable meeting with industry giants https://www.bitsonline.com/china-bitcoin-roundtable-segwit2x/."
Supposedly Wu and Li are personal friends.....I have also read a few articles stating Bitmain is possibly behind Canoe .....a way Bitmain can downplay their true market share ........
I seriously doubt it ...he bought 23 million shares last year and hasnt unloaded any of them ;) . He for sure knows the potential here and not selling is a message to us all ....he just simply needs to keep scaling the rig count up - and the money HAS TO follow ..... thats the beauty of this business its simple math......
If the officers owned restricted shares wouldnt they want to sell them before turning the lights out for good ? A nice pump before exiting would be nice for them ...... so if the merger ISNT true I still expect a few more good pumps so they can unload their restricted shares....
it DOES look like some things they announced are happening FWIW ...
Board Appointees - Canoe
A Canoepool.us server is located stateside - California..
Speculation.. shareholder emails to Canoe apparently pixxed them off so they communicated to Franky - make them stop (lol) - so there is dialog between the two it appears .
Canoe mining went dark for awhile - just before the China mining crackdown started ...thus indicating servers were being relocated "somewhere" possibly ......I personally doubt the bulk are in the US I am thinking they are in another asian crypto friendly , cheap power country nearby.....
No pumps for awhile - not normal pattern for mgmt - so something is different this time around .....
It looked like they were hooping it up in Vegas recently - it sure looked like a celebration to me .....
Mr. R. says he does a little of everything ...sell , hold and uses a crypto software application for timing all that etc ....
Steve shouldnt we take this sticky down so new / prospective people are not confused ....Canoe isnt down really ,,,go to this URL instead http://canoepool.com and the site is up.
Dont forget Canoe went dark for awhile ...many speculating they were relocating ahead of the crackdown ....
Connect the dots ..great article Chinese miner states they have visited LA for possible relocation ....the Canoepool.us server is in fact in the LA area ...
"Who’s Got the Power?
“We are in discussion with partners in Los Angeles, and have also visited Russia and Vietnam for potential sites,” Mr. Cui states. “If the regulators move to outlaw mining, it will only take us about three months to resume operations overseas. Money spent in buying land is a relatively small amount compared to the whole business.”"
https://news.bitcoin.com/chinese-bitcoin-miners-explore-relocating-abroad-amid-fears-of-crackdown/
canoepool.us Site is hosted in Los Angeles, California, 90045, United States and links to network IP address 144.208.71.xxx. This server supports HTTPS and HTTP/2.