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Please see my post ( 1 minute ago) about the email I sent to Brett and I will post the response from Brett.
Can someone tell me if this email that I sent to Brett yesterday was out of line, derogatory or untoward.. I will post his response in a few minutes after I receive some feedback.
Brett,
I am really disappointed in MELY. I bought into this company because I really believe in BTC and I support BTC businesses. The constant delay in getting additional miners has diminished MELY's (and probably yours also) credibility. I will continue to support BTC; however, at this time, MELY not so much.
I am truly disappointed in damage you done to the BTC community as a whole.
MELY = DEAD STOCK WALKING
AMI, why so silent? How many BTC mined today by MELY?
After reading this info again, raise your hand if still will be buying MELY at .0001.
I think you meant on the bid. BTW, I see less than 1B (around 960M) on the bid. Lets see if this number decreases in the coming days.
MELY is indeed toast. Here is why.
PR's that contain the words "if," "when," "hopefully," "imminently," "soon," and "delayed."
When POSTERS that were previously PUMPING with many posts everyday, suddenly STOP posting.
Bid/Ask doesn't move.
Company updates are further and further away.
IMO, the constant talk of new servers sucked more people on way down and kept others invested.
Then the company decided to add "financing" to the mix to suck in more people.
MELY has become comical. First $15M and now $2M????? That is really a boost in MELY's confidence as a company.
Good luck to you also.
Uh, excuse me! I got that information during market hours. It took me a couple of minutes to log out of my level II account and post the information here. You will see tomorrow that the information I provided was correct. Why would post misleading information about a PPS that is one tick away from zero bid??? SMH
AMI, Guys why the silence??? It is ok to vent and admit we got scammed. Based on 350M immediately being removed from the bid, I must now also admit that zero bid, in Brett's words is "imminent."
Bid already down 350M to 676M @.0001 X 38M @ .0002.
I feel like I am in an episode of "Lost" stock purgatory. Bid 1B @.0001 X 59M @ .0002. The .0001's really aren't for sale because your bid will just sit without getting filled. The ..0002's are the only way to buy shares, but not that many people are willing to take the risk. So far only around $7,500 in trades. Zero bid doesn't appear to be happening and the .0002's don't appear to be moving. Un freaking believable! The only real way to move this stock is news after/before market and then a gap up and people start chasing. Obviously no new servers have been added and the only news, IMO, is there is no news.
Do these numbers add up?
Outstanding shares: Per 10Q, as of October 21st there were 1,659,532,541 shares
Bid shares: 846874800 @ .0001
Ask shares: 88697600 @ .0002
Hidden shares ????? @ .0002
At least 935572400 shares available on the bid and ask.
That leaves around 700,000,000 in the hands of share holders.
Does this sound correct to everyone? Am I missing anything?
Several posters here said they picked up shares at .0002 because they had little chance of getting filled at .0001 because there is almost 1B shares on the bid at .0001. The selling at .00001 was minimal, also per several posters. I suspect the MM were trying to induce people to sell at .0001, but that strategy did not work well. Finally, some of the trades could have been wash trades. I posted the
level II information all week and if notice, even with the volume of, as you indicated, of 100M/day, the amount of shares available at .0001 and the amount available at .0002 was not really affected.
No one knows what is behind the curtain. The only thing for sure is that we at the bottom of the bottom and stuck in this purgatory bid/ask hell.
Lets hope news on Monday moves the needle.
How can you say "tank time." That ship has sailed, it has already tanked.
BTW, same verbiage as the 10K. Nothing new there. As I said, MELY has not released any meaningful news in the last six months. Lets see what the excuse will be on Monday vis a' vis the servers.
Finally, all MELY has to do is reduce the A/S and this puppy will at the least go up to double 00's.
Rocket, you missed one. The 10Q was not delayed to dump more shares. I was released today. So throw that theory out of the window.
I still think everyone is stuck in this purgatory state. The CD's can't dump either because they get shares for .0001 and they can't make any money down here so there is no reason to convert and dilute. They can't even short here at .0002 because when they cover at .0001, they break even. So what is left, a stale mate. Lets see what the news is on Monday. I am assuming it will be another delay. BTW, I don't know why MELY has corporate updates when nothing has changed in the last 6 months except the depressed PPS.
IDK because if they wanted to dump and get an additional $100K, they would fill all the orders that are sitting on the bid @ .0001. The amount of shares on the bid has not changed that much all week.
Stuck in purgatory! 846874800 @.0001 X 88697600@.0002. This is not going up or to zero bid anytime soon.
MELY indicated that new servers are reported to arrive on or before November 15. If no new servers/miners are reported to have been delivered and/or installed, we all will knowI, IMO, the jig will be up on Monday. So we wait one more trading day for results and then if no new servers, zero bid will be an inevitability.
BTW, does anyone have an answer/reason (other than scam) why Coindesk or any other credible BTC entity did not post any news about MELY being the first publicly traded BTC mining company? If it was legit hasn't Coindesk provide coverage? Just thoughts?
LEVEL II = 357M @ .0001 X 43M X .0002. This is why I don't think zero bid will be reached in the near future. No one is willing to buy at .0002; however, I think there are a boatload of people willing to buy at .0002.
Doesn't look like zero bid will happen today. I am waiting for Monday to see how this plays out. If there is another excuse as to why the new 500 miners are not delivered/installed, then we will have great chance of hitting zero bid because everyone will know MELY is full of BS. BTW, BTC prices don't matter at this time if MELY isn't mining any coins. Additional miners and reduction in A/S are the only two things that will increase the PPS, IMO.
How many BTC did MELY find today? It is irrelevant because the the PPS is at an all time low. Come on someone chime in with the number of BTC found today. Why have people stopped posting this information. Well, because it is irrelevant. How many miners in the pool? Again, irrelevant. How many miners are going to be added to the pool? Irrelevant! The only relevant thing here is the PPS and that my friends is most relevant. Brett, did not and probably will respond to my email. What can he say, I scammed everyone here or buyer beware? I still admit , this is one of the best schemes that I have seen. I will be all over him when/if he is involved in the next scheme/business venture.
Well they did not dump today. Still .0001 X .0002. Close of .0002. Still 1B on the bid. I don't know if this will go to zero bid. They had their chance to dump today, but they didn't. The CD's can't make any money dumping at .0001 because they convert at .0001. Only retail will be dumping at .0001. We will see what tomorrow brings. So far so good and we are still in the game.
There are almost 1B shares on the bid at .0001. They will have to sell almost 1B shares a .0001 to get to zero bid. Do you think they sell that many shares today? MELY seems to be stalled here at .0001 X .0002. So far no one is blinking either way. Will we see massive dumping at EOD? Thoughts?
I think tomorrow's volume will be close to or exceed 1B. Most of the sales will go off at .0001. The CD's shorted this heavily in the 3's and 4's for two weeks and they will cover tomorrow at .0001. This is the CD's last chance to cover before zero bid. JMO. Any other thoughts?
Everyone must admit, this was a pretty good scam. I have never been in a stock that has gone to zero bid. MELY was my first and will be my last stock that goes to zero bid. Any comments from the moderators?????
I have not received a reply from Brett.
What are you talking about? I don't have a Facebook account. I did however send Brett an email.
Do you need a hug?
Can you post Brett's email? I will send him a message and post his reply to me. Thanks.
MELY put us of of misery already. Lets get this to zero bid tomorrow. Then everyone can concentrate on something else. What do you say Brett, Zero Bid tomorrow?
I don't think MELY will be able to rinse and repeat so easily the next time.
You are correct sir! Only 2 more ticks remaining. So in theory on two more red days remaining.
How many BTC found today? Meaningless. How much has the PPS declined, too much and that is meaningful. Red, everyday.
How are those .0004's doing today? You could have waited and bought the .0003's today and saved 25%. Instead you are down 25%.
Thanks Rocket. Your analysis appears to be spot on. Please continue to post.
The selling pressure is relentless. Everyday down. Why isn't everyone "loading up"?
Another disappointing day. Only 3 ticks remaining.
When was the last green day? Anyone remember? Red everyday, come on, this has gotten pathetic. No bounce, nothing but bleeding.
I hope your 4's did not fill because you can pick up 3's today. BTW, it looks like other board members may need a hug. Why do you ask each of them if they want a hug????