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Easy. Check the names on Genie's "Advisor Board". Reads like a who's who of the Deep State.... former CIA, Former VP, Former cabinet, former Senator... layers on layers of big time professional insider types.
Now, look at Zion. See anything similar? Nope. Zero big time political insider types.
Voila! Thats the explanation. The how & why explained in no uncertain terms.
Imperial Whazoo
If I were to ever get the chance to run a small company (like Zion) that is blogged about by small investors, I can guarantee that I'd be like "the Donald" in that I'd deliberately go counter to the common ideas of how things should be done. I'd be so PR friendly that you'd all want to tackle me sometimes just to get me to act "normal". I mean, I've watched dozens of companies decide to NOT fight short players.... its like the board room doors shut and everybody goes through a portal somehow and becomes soulless, forgetting in an instant what it means to be an average joe.
That said, I run a screen every night using a product called Stockfetcher.... not advertising, mind you, but just being clear because the thing it allows is for a really customized screening. I have about 200 screens set up for various situations.
Anyway, I just went through the stocks that were found by yesterday's screening, which generally finds stocks that I will trade the next day. Its a winnowing process, but it finds trade setups every night. Usually, because I'm kind of experienced, I get at least 1/2 a dozen stocks that perform well the next day.... 6 or 8 out of, oh.... about 15 or so stocks in a nightly list.
So, guess what I just found out (and I've never seen this with one of my lists before)? There were about 27 stocks in last night's "Next-to-final-cut-list", from which I had pulled together 14 that were the best looking setups for today. Heres the point: not one single stock would have made me money today. Not one. That is HIGHLY unusual. In fact, I don't recall ever having whiffed completely before on an entire select list. Never.
My point, as regards to what this means in relation to ZN, is that ZN fared like every other stock that, on another trading day, might have been at least a break even.
My take is that the market is genuinely cracking apart. Everything except the short side ETFs are cratering. I don't think ZN is deserving of getting cussed about. Thats my point. Its a full on break down that I see happening. Saturation failure in all sectors.
So, ZN cratered today. If there is no news tomorrow, I expect it to behave like everything else does. Sad that we are in this place, but its not a Zion thing. Its a whole market thing. And fact is, if they find oil, then when they PR the news in April of this being the case, the present drawback in price is a very pregnant opportunity to accumulate.
My view from the cheap seats.
:o)
Imperial Whazoo
Thats not all that broke today, LOL. Wow.... talk about too much red on the chart today.... boy howdy! Anyone know if there is an actual reason or is this just a rather pronounced bear raid?
And what of the company and the hoped for PR regarding the false allegations of SEC investigative activity? Anything?
Imperial Whazoo
Its gotta be some kind of federal crime to fake a government letterhead & use it to influence people's behavior. But then, isn't it a federal crime to have a private, anonymous email server & to lie about the nature and number of classified documents in your inappropriate possession?
Just saying.... :o)
IW
Well, if anyone has the access needed to important people at Zion, there ought to be a phone call made and the direct question about whether there is, in fact, some kind of criminal investigation by the SEC (or any other entity). Unless this is dispelled, it will linger. so, does anyone have the ear of anyone at Zion?
IW
When somebody posts that "shorty" says this or that (in this case, an SEC investigation), where does that attestation show up? I fail to see it anywhere and it always concerns me that I can not find something like that because I'm really ratgher adept at ferreting things out in the internet universe. So, does anyone know where that info can be found?
And, yes, I know that a lot of folks would dissent with my even asking but hey... if its out there, why not let the average guys look at it and weigh it for themselves. As it stands, however, I see it nowhere.
TIA
I
I'm looking at the after hours Level 2 & Time and Sales & its noteworthy that the price is at $5.30 as I type. So, it looks like the late day 70K share price smash down was part and parcel of the overall market reaction to the news of the tariffs by the president. Or, we can hope thats the case. I wish I'd had the courage to defy the price event and buy at the EOD.... at bargain prices.... $5.18 per share.
Imperial Whazoo
The follow-up question, then, is whether you have received any other emails and/or correspondence from them and, judging by the content of your reply, it follows that you most certainly have not (else you would have sent the last info rather than the email you posted). Hence, it follows that my conclusion that the status is still a "planned ICO at some future, but undetermined, date".
That said, my opinion is that the SEC is placing the ICO in limbo because what KODAK did was to open a can of worms, as it were, even though the legal team advising KODAK in regards to meeting the specifics of the new regulation looks to have done an excellent job. All the T's crossed and the I's dotted.
I noticed that the specific regulation KODAK leveraged was a newly enacted SEC rule. However, the first company to leverage this rule appears to be KODAK, so it follows that the SEC is "processing" the KODAK plan, even though it appears to align perfectly with the jot and tittle of the newly established regulatory rule.
So, as is always the case with government, we wait. Kind of the Army..... hurry up an wait, LOL.
We'll see.
Imperial whazoo
Say... did the KODK earnings call transcript reveal anything about their coin?
I fail to see any denial that by them they still plan on its release. So, are pronouncements that the coin is dead and so forth.... are they incorrect?
I have not got any faith in the negative gainsayers because there is nothing I can find to support the idea that KODAK decided to totally abandon the coin. As such, without firm info that the coin is totally dead, it follows that the coin, if it ever comes out, will still benefit BLKCF.
What does anyone else out there definitively know? Anything or just suspicions, fears, and rumors? I want the coin to eventually come out or I want to hav confirmation on the terms of the money (2 million) BLKCF put into it (ie.... if there is no coin, it follows, logically, that they do not lose that money.... that is irrational, IMHO).
So, does anyone have REAL info on the future prospects of the coin?
Imperial Whazoo
Can the Chinese be trusted to not backwards engineer the machines or respect all the applicable patents?
May be a big down side to the Chinese being the major target market.
Just sayin'.....
IW
I think that there may be a lot of selling because the sellers are making a decision to hold onto 1/2 of their shares. They are expecting the split to happen when the meeting rolls around. My read is that folks are willing to take some money today because they can trade other stocks during the intervening time. So, if they had 5000 shares, they ended up with 10000 recently, and there has been a price decline because folks are selling 1/2 of their positions, leaving (using my example) 5000 held. They appear to expect to get shares in April. At that time. i expect there to be more selling of 1/2 of those positions.
The only way selling on this scale is not going to be the path of prices in the next 2 to 3 months is if the company gets proactive and announces excellent profit numbers and money matters that are strong enough to ward off the inevitable selling. Having watched the company operate thus far, I think the company is a solid player in a lot of really cool deals, but the effect of the PR has been to crater prices until something substantive shows itself to be true in one or in several of these deals.
Thats my read, anyway. Its a case of "bird in the hand worth two in the bush", and unless there are emphatic statements of REAL company strengths, the plan that was laid out in the PR is actually generating our present weakness.
Now, I'd appreciate it if I'm informed by some of you regarding some kind of problem in my understanding of the splits and the timelines and my conclusions about the effects. I'm a bit confused, as are a lot of people, because somehow the plan as described in the PR is confusing.
Does anyone have any other ideas? I welcome being corrected if I'm wrong. I welcome being told I'm off the path in some way.
Imperial Whazoo
Its kinda funny. I asked about the several threads of thought, each of which seems to contradict the other and, all the while, being very rational.... and so I get rational explanations of two of the main ideas as a reply.... and both are rational. LOL
So.....
I guess the whole of it boils down to this: if the well comes in... BOOM! If its not a big find.... DOOM!
I heard a story back when I was in the oil business service firm I used to work for, about one of its owners back in the 1930's who punched a successfully tested well in central Texas and went out & borrowed money and put in tanks and connections to pipelines and so forth.... Back then, it was more of an art than a science.... Anyway, as the story goes, he borrowed the money from the local bank to build a business presence in the community and then, after all the money was spent on the infrastructure build-out, the well was put on line and began to produce, only to disappear into little more then a loud "Burp". So, he had to bail on the loans, declare BK, and retreat with his tail between his legs. It may be that the business end is much more scientific today, but the thing still boils down to whether the wells that get punched are producers or not.
Which is exactly where we are, isn't it?
THNX
IW
I've looked thru the posts regarding the 10K but what is the consensus? Upbeat? Danger-danger master Luke? or nothing-burger?
Thumbs up? Thumbs down?
Bankruptcy on the horizon?
Too much debt?
Too many new shares?
Better than expected?
I saw all these various points of view but can not get a general consensus.
I do agree with the release-the-logs people. I do not like the long wait. Maybe they are putting in defensive emplacements from folks like RADA (look at this Israeli company's technology & judge for yourself if it would come in handy to protect the drill site). If they are setting defensive sites up, and that explains the long timeline, it would sure ease my mind.
TIA
Because BLKCF bought all the original announces Kodak coins, thats why. do your homework. Its all in the web resources. Do a little research for yourself. Really.
IW
Yeah. They are really bigtime proud of their lending company.
Bankers from Wallstreet in miniaturized, toy version. LOL. Money lenders a Wall Street mentality .... or mental disability, perhaps. I get it. Yuze gize want to do deals in exchange for warrants. I get it. Can we have some real news now? Maybe? PLEASE?!?
I just want to grab them by the short hairs and give them a yank real hard to wake them up: HEY GUYS!!!! THE AVERAGE JOE WANTS YOU TO PUT A SOLID NUMBER TO THE MATTER OF HOW MANY MACHINES ARE UP AND RUNNING & HOW MANY COINS ARE BEING MINED PER DAY, PER WEEK, PER MONTH & AT WHAT MARGIN OR LOSS.
HELLO!?! ANYONE IN THERE?!?
HELLO?!?
HELLO?!?
Gad.... if I have to hear one more time that they will be closing shortly on the dam..... Go have another round of generation X small brewer beers at the club. Gad!
Imperil Whazoo
NOT!
It follows no logic to put money into something and then punt on comprehending its fine points.
Figure it out if you don't want to get burned.
IW
OK... so BLKCF pre-paid 2 million for all the Kodakcoins.... but they did not get released as scheduled. Sooooooo.......?!?!?!
OK... so, would the really smart people out there tell me what the following PDF,that showed up a few minutes ago...., what it means in relation to the 2 million already committed to gain a monopoly position in the as-yet-unreleased coins.... and what exactly IS this whitepaper talking about?!?
I'm puzzled a tad by this.... what exactly is it and what does it mean in relation to BLKCF?
ANYONE able to figure this out?
https://kodakcoin.com/pdf/KODAKOne_LightPaper.pdf
Imperial Whazoo
I have no idea what this actually means, LOL. Does this mean that the Kodakcoin that was originally scheduled for a release just a couple of weeks back are now delayed until Q2 2019?
Imperial Whazoo
IMHO. there is no certainty (except the certainty of uncertainty) in that area of the world due to the wars & rumors of wars all around that area. A well placed drone attack or a renewal of the rockets from the north and the ability to reliable move on a timeline is cratered. So, the big problem is the regional violence & the lust for oil that their Gog & Magog northern enemies have in their hearts. Two months, one week.... all timelines are too uncertain to be comfortable with IMHO.
IW
Thanx man.. I got too busy trading yesterday to pay any mind to IH board. Made some change, mind you, due to the volatility plays available yesterday, but missed out on what was said here. Hope they (the company) is secretly speeding things up and are actually just being overly cautious about setting a timeline.
IW
Look, set a Fib retrace on your daily chart with the low being the bottom of 2/13 (2.25) & the top being the high of the wick from 2/26 (4.91). Look at the lines.
We are sitting at the 382.
If you read my posts, I'm not bothered by the current price action. Who can act surprised by the pullback? After a run up like that, of course there is a pullback.
I'm concerned about one thing and one thing only: the 2 months window of opportunity the PR opens up... a classic example of a pregnant opportunity.
As to the current retrace.... if a stock only does a 382 retrace, thats as healthy as healthy can be.
The problem is that, by stating that the tests will be out in the future a month & a half, they are cutting off all chances of having anything "new" to PR about. Two months, at best, and nothing but incoming mortar rounds lobbed at ZN from hidden positions in the surrounding investment landscape by short artists.
I'm neither smart enough nor clever enough to anticipate all the kinds of meanness certain types of people can drum up with that much room to work with.
Thats all I'm saying.
Imperial Whazoo
And here I was.... thinking all the main posters on this board would come across the table at me for saying what I REALLY think, LOL.
One final thought, though:
The company need to do damage control... REPEATEDLY.... over the next two months. They are setting themslves up to get knocked down if they don't eat a big piece of humble pie and react in a public way that tells all the world that they realize that their long timeline was (and is) a bad mistake to have made.
I don't know what they can do because they can not generate info about a well they have now told the world they will not be testing for a while, but they nonetheless need to come up with something to handle the problem their long timeline has brought on.
I'm not in the habit of posting here, so I'm done with my posting about this for the time being. I'll just go back to being silent. Maybe somebody with the ear of management can cut-n-paste my prior post. I have active trading accounts to manage and I have too much on my plate to bother with getting rebuffed by a team of management types who don't know me from Adam and who would probably resent receiving criticism like I would be generating if I were to take the next step and go directly to the company with these complaints.
Anyone who wants to take the ball and run with it.... more power to you. As for me, I'm locked into ZN for the next 2 months, waiting & praying that some kind of disaster does not happen to my ZN investment. That said, I'll say "good day", and leave the problem where it sits.
And who knows but that this oil find isn't the hook in the jaw of Ezekial 38, and who could intervene to undo a plan that God crafted before the foundations of the Earth, anyway? Certainly not "Investor Relations", LOL.
Imperial Whazoo
Exactly right. I generally hesitate to find fault with this management team but my immediate reaction to the timelime laid out in the PR was that we are on the receiving end of poor judgement at corporate.
The guys running this thing apparently don't care that, because of their timeline, the ordinary shareholder is made vulnerable for an entire month.
Why on earth would anybody give out so long a timeline? Having shorters handed this lenghty a timeline is like Hezekiah showing the Babylonian guys all his "stuff". It sets the company up to get itself damaged by plots laid out by God-haters who now know exactly how long they have to do some kind of dirty deeds. If we took seriously this: "Matthew 10:16 - Behold, I send you forth as sheep in the midst of wolves: be ye therefore wise as serpents, and harmless as doves", then there might be a lot more cunning in the manner in which news is given out.
This is not my first rodeo, by any means, and I don't need the managemnet guys to try to enlighten me as to my problem being that "I just don't get it". I get it. Their "reasons" are as obvious as the nose on my face, but they needed to be smarter in meeting their legal & financial & management obligations.
I think that their reasons are obvious, but so is the damage done by giving the wicked so much rope to play with. To paraphrase Chairman Mao, a capitalist is someone who competes to win the contract for the rope with which they get hung. Sometimes, I wonder if oil men with lots of royalty income and so forth have forgotten what the little guy is living through day to day. I'm a "little guy" and the last thing I need is for the enemies of Israel & the enemies of Christ to know that they can fiddle with ZN for an entire month. I put lots of money into trusting the accumen of this set of men and I am, frankly, furious that they gave out this absurdly lengthy timeline. Tell shareholders that plans are vigorously underway to do the well tests and so forth, but by no means should you send out engraved invitations and draw a map!
If you were playing bridge, there's an intelligent order to both the manner in which one bids a hand, and the order in which the cards are played. You can not win if you telegraph the entire thing. Why show everyone your cards? Good grief!
Imperial Whazoo
Yeah, we could use a green ending to a terrible week, but why would that happen? Nothing to base it on, to judge by what the company has bothered to let us peons know.
What we need is an explanation of what happened to the presentation. Why did they call it off on short notice? Is their talk just big talk or is there really a big deal in the works? An explanation would be helpful.... that, and a little running commentary on the build-out of the mining operations... a regular weekly progress report would be helpful. Has the dam closed? What progress is being made in a smooth move from rented mining rack space to space owned by the company (or by the folks they have a relationship with)....
You know.... a little less blather and smooth yakkity-yak and a little more SUBSTANTIVE info....
Imperial Whazoo
Please elaborate. Until you mentioned it, I was, in fact, unaware of it. So thanx vely much. That said, what do you know, where did you find it out, when did it happen, and what can shareholders do, if anything?
Imperial Whazoo
The cost of the KODK coins that were bought 100% by BLKCF.... am I right in thinking it was $2 per coin? If my recollection is correct, (I'll look into my database on cryptos this weekend to confirm my recollection, but for now, I THINK it was $2.00 per coing).
So, if its $2.00, then any price above the announced $4 for the coins will generate instant profits. And there is little chance that 40,000 accredited investors as interested parties are going to somehow evaporate. You gotta know that there will be a huge portion of those folks remaining in the mix as interested parties.
If the SEC does not stop Kodak from their registration then this thing will go forward and there will be built in profits, especially given the current pull back. And from the reading of that link by that law firm, it sure sounds like the SEC is in no position to go against their existing regulation. And if the senators & congressmen representing Rochester have their say, you can be darn sure the SEC will grant Kodak a favorable decision.
It is a series of "if" cases, for sure, but there is quite a good payout at the end of the line IF..... If.... IF.....
Thats why they call it risk, LOL.
Imperial Whazoo
I use a charting package that measures the weight of volume via several proprietary indicators. So, look at DPW at exactly 1:35 PM central time. At that exact minute, there was a huge buy.... 509.1K shares.
I try to watch a list of stocks, just like you apparently do, and I try to let two things govern timing the trade: where volume shows up in the overall chart and how large that volume is. I treat the candles as a microscope that I can change the magnification on by changing the periodocity. 1 minute or 5 minute or 10 minute and so on.... every stock needs to be calibrated to adjust its "display" to the periodocity appropriate for it. I've worked on this for many years & I use it all the time now.
I can point to a couple of other crypto related stocks (but I'll resist the temptation due to this being the DPW board), but these also had a volume event that kicked in today (or yesterday) and in every case, there was a rebound in price that followed.
Sometimes it takes a day or two, but I've been doing this a long, long time, and I can tell you that timing a trade is far better done if you teach yourself to wait for the important volume events to happen.
And as to DPW specifically: it surprised me that the effect of that big buy at 1:35 PM did not cascade thru to the end of the day. I'm very confident that, one month from now, I'll be able to look back at that moment and I will be in the green bigtime due to timing the trade.
Can not say when I'll sell, because, to be consistent, I need to watch volume to have it tell me when to take profits. If I have the patience to let the volume events tell me when to trade, I come out far better than using any other indicators to time entries and exits. Simple as that.
BTW.... your analysis of the impact of crypto on DPW is spot on, as is your call on the bounce in bitcoin prices.
Very excellent.
Imperial Whazoo
EDITED: one other comment. If a huge volume event fails to reverse a decline, or if its at the top of a wave and it does not send the price down in pretty short order, I have learned that this means that there is some rather serious intent behind the failure to generate a move. So, I think that the failure to turn the tide very much on DPW today means that there is a lot of force that is attempting to smash DPW's price down.
Also, look left at the doji at 12/1/17 which reached a low of 1.60 that day. Today, my charting package shows the close at 1.61 which, from a charting point of view, means that it failed to punch out to a lower low. So, if that means anything, it means that it refused to go down to a new, lower low. An important technical event, IMHO.
Yeah there is a reason. Financials like to padlock the exit doors to trap people. I'm not surprised gold went down or that cryptos went down. The reaction of a majority is to sell so for every seller, there is a buyer. Who gets the sold shares? the same people driving the panic. Like driving cattle with a hotshot. Capture the weak hand's share at low prices.
Thats the reason. They drive the ordinary joe by closing down their only chance to make a profit by driving prices down. Force them to stop out to control their losses & that has two effects: the outsiders like your and me lose by having to sell to stay afloat & secondly, when a chance to buy back in appears, he hesitate because of the raw wound we just suffered.... we got spanked bigtime, so they pool of players willing to step back in is reduced.
I mean, just look at the various VIV ETFs today, Up 27%, but how bold ids the ordinary joe? not bold enough to have played that turn back to the upside on the TVIX or the UVXY, thats for sure. Anyone who got burned playing the downside via ETFs in the last year is not going to trust their lying eyes soon enough to be a buyer in a timely fashion.
Control mechanisms 101.
Imperial Whazoo
Exactly. The differentiator is the hardware connection to Bitmain via the power supplies. So, unlike other companies in the mining space, their connection to the crypto world is multifaceted.
And I think that the exposure to the other technologies they have is not without value, if only due to the fact that they can build out more easily in their existing facilities due to their longstanding presence as owner of facilities that are military grade in terms of access to such things as a fat pipe to the broadband world.
Being in the supply chain in this set of ways differentiates them from any other player in the crypto world at this time.... well, any other low price stock in the space, that is.
And lets not forget the hydro dam. Not an irrelevant differentiator because the other players with size who have electricity cost advantages are in places like Iceland & Sweden. The hydro dam may not be big, but its a definite plus to have it.
I hear that Washington State has rural hydro electricity & that Oracle & Microsoft have large server farms in the rural areas of that state, so other US crypto-mining players who locate there may have advantages too, but the dam in New York is unique and it is not a negative for DPW.
IW
Well, if any other companies launching mining ops have other technologies in the mix, I'm interested, but your point is well taken. Tg\here has been a dash into mining and a company that puts all its eggs in that single basket will suffer if the fiat currency boys succeed at smashing prices using cash settled futures contracts.
A different kind of company is DPW because they have other irons in the fire, as you so rightly point out. And they are not opaque. They are deliberately transparent. I listened to the 1/31 web thingy & I'm intending to listen to the next one on Feb 21.
Excellent points & I think you are spot on.
Imperial Whazoo
Thank you.
What do you think the reaction by the Devos attendees to becoming acquainted with this little company? Do you think there will be gains in BLGI's stock price later in the year or not? With the present devastation in crypto prices, is there much hope for BLGI to outperform because it has the attention of a very influential crowd?
TIA
IW
Yep. Me too.
The big boyz are smashing coin prices and all things mining related are following suit. Kinda shows that the fiat currency boyz are 100% clear in their understanding that coin mining, if successful, means the end of the hegemony of the fiat currency era. Its a matter of survival & they control the futures markets and the agencies such as the SEC.
I've learned something from this sad episode in my trading career: a futures contract that is cash settled can become a crowbar with which to run a bottomless short. There's the problem with a cash settled futures contract. In a commodity like oil or one of the grains, there is a finite limit because the thing is settled in whatever units the commodity is in.... barrels or bushels or whatever. On a cash settled contract, guess what? You just throw cash at it rather than taking delivery. Getting stopped out? No problem.. Just throw more fiat currency at it, control the threat, and in the end, you lose less than you would have if the thing had run amok.
I mean, from a loss point of view, which is worse? Losing everything due to the threat posed to the hegemony of the fiat system by cryptos or losing the fiat currency you create out of thin air & throw into a bottomless short? How much does it really cost for the big bank types to throw fiat currency at a short? All they lose is money and they were going to lose mountains of money anyway.
Until the futures contracts on the CME & CBOE showed up, the disruptive potential of cryptos was unrestrained. And everyone on the planet could load a chart of bitcoin vs the dollar and see the uncontrolled nature of the threat cryptos posed. Once they had the cash settled futures in place, crypto prices could be walked down,
And just go back & take a gander at the declines that have been steady since just about the time the futures contracts showed up as a variable in the overall equation. Direct parallel. They had no controls restraining disruption and prices ran up. Then the control mechanisms are put in place. Voila! Down come prices.
Raw power play. And guess who gets hurt? Companies who jumped in and took a risk.
Like KODK, who was failing anyway, so what did they have to lose?
It is a hard lesson but it is my takeaway. KODK may eventually come out with a coin. It all depends on whether the SEC permits their end-run filings. Clever attempt by KODK but the SEC may throw a monkey wrench in the works. We'll just have to watch and learn. I seriously doubt that the SEC is going to let KODK be the test case for their stance of whether coins are securities or not.
We'll see.
Imperial Whazoo
Stinky pinky is a term of endearment for those of us unwilling to be led down the garden path of idiocy by the mouthpieces of the mainstream thought police. Good stock.... BLKCF
Imperial Whazoo
Yeah, you go and compare the power usage here to that of some of the other companies getting into mining at breakneck speed and this little compasny is throwing SERIOUS muscle around.
I am building a database every day of all the companies announcing plans to have mining farms in places like Quebec & Sweden & Iceland and BLKCF is in a deal here to get immediate presence that is larger than most, if not all, of the others. I'll have to go thru and list on a legal pad the sizes of all the ones I'm tracking, but my brief rummaging thru it this afternoon caused me to have my eyes opened about the size BLKCF is into.
There is absolutely zero legitimate reason for any price this low here and IMHO, this is the most underpriced stinky pinky that has a real deal about it that I think I've come across ever.
Imperial Whazoo
I disagree about the dilution. It is their clear statement that their projected income for 2018 is upwards of 44 mill to 48 mill, and if you go back and listen to that gal who talked near the end about numbers, Todd distinctly answered her by saying that their numbers EXCLUDED projections of crypto coin profits...... I mean, that kind of stunned me.
Anyway, the forward sales of income stream for money today is the kind of thing that sometimes trips up mining operations (gold & silver mining.... the real mineral operators as opposed to crypto miners), but I think that the extremely short timeframes they are putting on the forward sales deals are a kind of built in protection.
I day trade & tell people, usually to a blank stare, that risk is ameliorated by keeping the time a trade is held to a short duration, and I think the same can be said of deals like the forward sales deals he is coming up with. My sense of it is that they are in a pall mall dash to ramp up at a pace thats pretty steep & they obviously base this on something they see coming down the pike at them like a freight train.
In any event, the one thing that could trip them up is a continued decline in coin prices. Not dilution, but manipulated prices.
My read on that is that the fiat currency boys have control of the mechanisms whereby they hope to destroy crypto and thus the mortal enemy of anything crypto is the vested interest of the fiat currency establishment. These "curently instanciated" fiat players are the big banks & such like... the IMF and the World Bank & the SWIFT banking cartel system & so on. They are using the leverage of a cash settled futures market (CME & CBOE) to try to exert control over the runaway discord of the cryptos. My sense of it is that its a matter of life or death with these fiat boys.
So, the biggest danger DPW faces, (or any of the players in the mining end of the crypto world), is the threat from the international financial establishment.
The risk to DPW is that the vested interests could force prices unnaturally low and do to the cryptos what has been done in the silver markets. If they succeed at that, then forward sales become a danger to the success of all these plans.
Thats my take. Its the danger posed by the established interests in conjunction with the dangers posed by forward sales.... NOT dilution, that poses a danger to DPW.
My opinion only, of course.
Imperial Whazoo
Not a new one. They are closing on the one they bought. It always takes longer than anyone thinks reasonable to close on a hydro dam, don't you know? LOL
Apparently, they had the site inspected and there is 1 out of 2 generators that work, so my bet is that it was a negotiation involving that which made the thing go more slowly than I'd have wanted. And I kind of deduced that they were not in at the site yet because the did a co-lo in California (actually, 2 co-lo's.... one in LA itself and another in Orange county) that allows them to zoom ahead without having to get set up at any of their existing mfg facilities or at the dam they have located.
They are mining and making money and their special leverage is the existing relationships as the power supply mfg for the maker of the Antminer hardware. So they can get hardware where other folks are having to purchase through regular channels. In an environment where there is a backlog of hardware available, it helps a lot to be able to get in through some avenue other than the ordibnary sales channel.
But back to the dam.... there is but one dam and it is a real estate deal that closes next week.
Imperial whazoo
So, if I read your post right, these two guys attended DAVOS & talked about Black Cactus..... Right? You got links to buttress that? TIA
Imperial Whazoo
Thats the formula regularly used to get shares when the float is thin. Tells me that somebody wants in bigly.
If they don't get at least a 3X return on their investment in KODK coins, I'd be extremely disappointed. I think scooping up all the coins was a stroke of genius.
Imperial Whazoo
OK..... NOW I've got a really nice link for everybody
http://www.jpfsecurities.com/kodak-ico-jeffrey-j-clarke-eastman-kodak-co-nyse-kodk-just-kick-door-ico-exemption/
Kinda informative, wouldn't you say folks?
I'll hvae to chew for a while on the info in this article.
Coments anyone?
Imperial Whazoo
Been poking around on DuckDuckGo to search various iterations of the headline & I finally found this confirmation from the NBC affiliate station in Rochester, the corporate town in which Kodak id headquartered. Confirms the news that they are overwhelmed by accreditied investor interest.
http://www.whec.com/news/kodak-delays-launch-of-cryptocurrency/4766504/
If true, (and there's no reason to think its NOT true.... I'm not suggesting that), yours truly is going to be timing a trade or two.
But I'd still like better confirmation than this becuase all the other links that came back from about 30 minutes of poking around came back as broken links. Not exactly a bigtime corporate PR department at Kodak, if you ask me. Maybe the gize in their PR dept are out snowboarding in New Hampsghire, LOL, cause there ain't much attention being paid to the particulars of getting info out in a professional manner.
Imperial Whazoo