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Welcome back Rocket! I look forward to your posts.
How can you conclude I am blaming anyone, MELY included, for my investment decisions? I made the decision to buy, I am making the decision to hold and when it comes time to sell, I will make the decision to sell. How can I blame anyone, but myself when I am making the decisions?????
I am just stating what MELY could do to help the PPS. No matter what price was currently trading, I would say the same thing. It nothing to do with an investment decision or if I am positive or negative. Big shareholders of blue chip companies also make suggestions that they conclude would help the PPS. I am saying no different here. That has nothing to do with placing blame on anyone.
I see that I have fan. Thanks for reading my previous posts. BTW, that post was just prior the anticipation of news released vis a' vis financing. If MELY gets financing, reduces the A/S and retires the notes, then yes MELY could explode and grow. But what news did we get...oh yea, we are in negotiations and "huge business development." Since the "non" news events were released, I have turned bearish on MELY because those events look like stalling tactics in an effort to continue to dilute and suck other people in the stock. Why release a PR that says we will release a PR????? I hope you got your .0004's. I will not buy another share. I will remain bearish until MELY shows some sign of life and the bleeding stops.
What magic effect do you think the pool will have this time around. The last time the pool was open, the SP also declined. I am expecting more of the same when the pool reopens. The only things that will help the SP is reduction in A/S and getting financing to retire all notes. No will buy MELY with the impending overhang of dilution. Pool, mining, BTC won't move MELY until this overhang is removed/eliminated.
Why would anyone buy a stock that continually bleeds red? You cannot average down if the stock never goes up and MELY has gone only one way, everyday since I don't know, forever. Everyone who owns this stock is underwater. I am now convinced that a R/S is inevitable.
Brett, reduce the A/S!!!!!!
No thank you, I get plenty of hugs at home....
You are correct 5% of 1.6B equals 80M. AMI started posting he had 30M a long time ago and and there are many additional post where he said the he was adding "at these low levels." I was just asking the question regarding the amount of shares he owns and how he could be joyful and he sees his money go down day after day and on top that, he continues to "average down." If I am to believe all the averaging, he must own at least 5% of the OS. Finally, when he was adding to the 30M, the OS was much lower and therefore a 13d would have been required. MELY had less that 1B OS in Q3 and 5% would only be 50M. I am just trying to establish some credibility on this board.
AMI, I guess with the "no response," I got my answer. You do not really own that shares do you?
AMI, if you have continued to average down (as you have stated and suggested others to do), you must have over 50M shares by now. If this correct, have you filed a schedule 13d? If no schedule 13d has been filed, I am going to have a difficult time believing the amount of shares you currently hold. Please assuage this belief. Thanks in advance.
WOW, you are dead on! They do write well. Almost convinced me to buy more shares and average down to zero bid, NOT. At this point I will either make some money or just lose what I have already spent (note I didn't say invested). Anyway, it on to other trades, that means no pinkies (back to biotech's for me).
Come on MELY supporters tell me why I should buy this stock?
You cannot invest with hope! A penny, too funny. I will be happy with 1/10th of a penny. There must be something behind the curtain that we cannot see. Otherwise, there is no logical reason for this to trading at a 52 week low.
According the a review of most posters comments, shareholders probably own over 50% of the OS. How can this stock continue to decline when people (allegedly) are buying up the stock???? What is behind the curtain???
AMI, how many BTC did MELY earn today???
Tell me why I should continue to hold this downward spiral.
Finally, if you do own 30M shares???? how can you not be totally upset about your account being down over 60%????
I will not spend another penny here. MELY's credibility is very much in doubt. How could you be a month off in your delivery schedule? I can't get excited with MELY's new delivery schedule when the last prediction has been off by a month.
I am also ticked they announced news will be released on Monday, then Tuesday and finally on Wednesday we got information and not news. Why say news is coming? In the end no news was released except we will have news later (hopefully)????
Brett show us something...reduce the A/S and bring back some confidence.
I do not know anyone on this board. Just because we agree on what is dragging down MELY does not mean we should be grouped together. I am speaking up because it has become obvious to me that MELY's A/S overhang is a big problem. I have said this before circa 3 months ago, so this nothing anything new that I am saying. I have also said the CD are a huge problem. Come on why does MELY need 7.5B A/S if they are not going to dilute to that amount? That S/S scares a lot people.
Your buy order at .0004 has a very good chance of filing, especially as long as dilution continues.
The dilution and the appearance of dilution must end, period! A reduction in A/S would be a good start in share price appreciation and investor confidence. MELY does not need 7.5B A/S.
It does not matter how many BTC MELY earns, the share price reflects the true value of MELY. The only thing that can save MELY and increase the PPS is a non dilutive financing deal, retirement of all notes and a decrease of A/S. MELY needs to set up miners and mine hard and fast. The last news (if you want to call that news) release containing the delay of 30 days was IMO ridiculous. I don't think anyone can defend any company that is trading at a 52 week low and is only 4 ticks from no bid.
Waiting for the bottom????? Only four more ticks to go. I won't sell for a loss. This will eventually bounce or go to no bid. If it goes to no bid, there will be a promo to revive it. And I will sell into that run.
For some reason, MELY currently has zero support in the investment community. MELY had more support before they got in the BTC business. When MELY hooked up their first server and every server since, the PPS has declined. How can a company(MELY) that is actually producing revenues continue to decline and a company (ELR*) that has diluted Billions of shares and produced zero revenue go up in PPS????? There must be something very untoward going on behind the curtain.
If there were positive developments, the PPS would not continue to decline. I will say it again, what a POS.
POS. Call it like you see it. Everyone take your rose colored glasses off and look at the SP. Everyday, its red. SP at 52 week low. So the only conclusion that can be reached is that MELY is currently a POS. Anyone that currently defends this POS is in denial. There is nothing positive anyone can say at this point based on the SP. Again, MELY is a POS...period. Oh, I am not bashing, just the facts.
End of story.
While I enjoy reading your post, I disagree with your analysis. There is no way the short report has any relevance. Secondly, I also disagree with your comment that there is no interest in MELY. IMO there are a lot of people that are waiting for some type of upward movement confirmation before they commit funds. Most traders (especially in pinky land) don't want their monies committed to a stock that is trading flat to down. Do you remember the day MELY released the news about funding (et al)? MELY traded over 200M that day. Just wait until some meaningful news is released and you will see the interest spike and the PPS spike. There is a ton of money to be made here and peeps are indeed watching and waiting.
This short report is useless. This site cannot be used any longer as a useful tool of any sort. There is zero correlation between this short report and the way MELY trades. How can 81% of the trades be shorted and the price remain unchanged. The day before, it was 78% of the volume reported short and the SP increased. Finally, note this short report does not include the prior 8 trading days.
Any comments?
MELY
http://otcshortreport.com/index.php?index=MELY&action=view#close
FINRA lifted halt on trading in OTC equity securities.
https://twitter.com/OTCMarkets
No need to read the 10K, just look at the PPS tomorrow.
Green means 10K was good, red means the street didn't like the 10K. Remember green/good, red/bad. Nothing else to debate at this point. I am still holding until this runs, which it will, eventually. MELY
Current BTC Stats
$300.31
Daily Change:
-$25.89
-7.93%
Day's Range:
$275.00 - $339.43
Today's Open:
$326.24
24h Volume
57101 BTC
Market Cap:$4,011,528,192.00Total BTC:13,350,400 BTC
Bitcoin started being mined in 2009 and it will take 140 (one hundred and forty) years to mine all 21 Million BTC. So BTC mining will end circa 2140. Who knows how many miners you will need to get just one BTC in just 10 years. So now is time to get and collect BTC coins as a store of wealth because of the increasing associated cost and difficulty.
Currently there have been 13,346,800 BTC mined. It takes 140 years (from the start of mining) to mine the entire 21 million BTC. We will never see all the BTC mined in our lifetime.
In bad related news, gold is down (which is some people think is linked to BTC)
and BicCoin current price is down to $331/BTC.
The drop in BTC is related to: "The Ministry of Finance of the Russian Federation has released the full version of the draft bill that, if passed in current form, would effectively ban the creation and distribution of software that allows for the use of money substitutes, including bitcoin and all digital currencies."
"The two-page draft bill details a series of administrative fines to be imposed on both businesses and private citizens who issue, create or deliberately disseminate information about the release or operation of digital currencies, the language implying that the law would apply to much of the bitcoin industry, from bitcoin users to miners and service providers.
For example, individuals who are found to issue or create bitcoin or digital currencies will be penalized with fines of 30,000–50,000 rubles ($750–$1,250). Similarly, officials found to engage in such practices will be subject to fines of 60,000–100,000 rubles ($1,500–$2,500), while legal entities will be eligible for fines of 500,000–1m rubles ($12,500–$25,000)."
With today's news, I am just going to hold my shares and maybe have a nice Christmas present in the form of a higher share price. I won't be posting much. I do think the company is headed in the right direction. They just have to prove this business model to any potential investor. If they don't get an investor and/or get of Asher (et al) and all toxic debt, no amount of BTC will help this ticker. Finally, congrats to those traders that took a profit today.
The short sellers have zero risk because they are the diluters. They short first, then covert shares. When they convert shares, they in effect cover because they are converting at the the bid (whatever the bid) So as long as there is a bid, they will convert. They don't have buy like you would in a regular shorting situation. These diluters are just legal crooks stealing everyone's money by diluting the hell out the company. Please read link.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106416790
No matter what the news is tomorrow, I will not be selling my shares tomorrow. My target prices are in the .05 to .25 range. I don't need the money and I can be very patient. Once the price gets back up to a reasonable level and the company continues churn out BTC, it won't take long before we are noticed by flippers and some serious investors. Tic Toc...Finally, when I wake up, I hope I see some green on my machine.
http://www.xtremepicks.com was pumping ELRA today.
ELRA up over 100% from our Morning Alert. Watch for our new Alert tomorrow 9:30am!
Did you jump on our alert this morning on ELRA? Already showing HUGE gains of 120% today with Monster volumes – Today;s news definitely caught the attention of the market.
Elray Gaming Concludes a Master License / Reseller AgreementGlobeNewswire(Mon 9:00AM EDT)
But what really triggered the alert was the cancellation of it’s reverse split announcement last week!
Elray Gaming Terminates Reverse Stock SplitGlobeNewswire(Fri Sep 19)
Looks like there still lots of upside potential – watch for minor dips to add here too.
BUT GET READY FOR OUR NEW ALERT TOMORROW 9:30AM!!!!
Our picks have been nothing short of awesome where our picks this year could have turned a $1,000 investment into over $500,000!
Our picks gained some 300%-500% with even some hitting over the 1,000% gainer levels – our next pick can be the next 1,000% potential play
Sept 2, 2014 split filed with SOS.
Sept 9, 2014 13g issued
Sept 16, 2014 Asher Blacklisted
Sept 19, 2014 ELRA announced split terminated
Thanks. I look forward to your post.
It was about Asher Enterprises (et al) and FIRNA not allowing any of the notes held by Asher Enterprises on any stock to continue to part of R/S and inflict suffering on shareholders.
RMUNCAST, Please call RAJ at FINRA. 1-866-776-0800 and report your findings to the board tomorrow. BTW, can you also report the O/S as of 9-22-14? Thanks.
The R/S was denied by FIRNA. It was not technically cancelled by ELRA.
http://www.securitieslawyer101.com/2014/finra-blacklists-kurt-cramer/
Please use a Swiss to English translator or post in Swiss and I will use a translator.
How can you infer from my post that I am short?
I said the shorts are the CD's. I am not a CD. No one in their right mind would short a sub penny play unless there was zero risk involved in that trade (i.e. a CD). These guys short and use the CD. It is a win, win for them (i.e. zero risk). This is why the O/S have increased tremendously because the CD's are shorting and then converting/diluting.
You do know the CD's are the ones shorting this, don't you? It will play out will a lot more dilution and a much lower share price when they covert.
"The lower the share price goes the more profitable these toxic debt agreements become for the Note holder like Asher Enterprises Inc. Because of this there is incentive for the Note holder to short the stock to drive down the price before converting the Note into free trading shares. After converting the Note into shares the interest changes to pumping the stock to attract buyers to try to sell those shares at as high a price as possible. The Note holder will often times pay for a promotion to facilitate the dumping of their shares. This brings in unsuspecting investors who have no idea they are about to get dumped on probably causing them great losses."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68247638