Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Divy does not get affected :
EFFECT OF THE REVERSE SPLIT
The principal effect of the Reverse Split will be the reduction in the number of shares of our common stock issued and outstanding on the effective date of the Reverse Split, from 6,702,841,204shares, as of the effective date, to approximately 6,702,841 shares (without giving effect to the conversion of the then outstanding convertible indebtedness) depending on the number of whole shares issuable for fractional shares resulting from the Reverse Split).
The Reverse Split will affect all of our common stockholders uniformly.The Reverse Split, however, will adversely affect our common stockholders percentage ownership interests in the Company and their proportionate voting power, as the number of shares of the Series B Voting Preferred Stock, the shares of the Class A Non-Voting Convertible Preferred Stock and Series C Non-Voting Convertible Preferred Stock will not be decreased. Accordingly, the Reverse Split will dilute the equity interests and earnings per share of the existing holders of our common stock.The shares of our common stock issued pursuant to the Reverse Split will remain fully paid and non-assessable. The Reverse Split will not increase or decrease the market capitalization of the Company, although the capitalization will increase upon the conversion of indebtedness. The Reverse Split is not intended as, and will not have the effect of, a “going private transaction” under Rule 13e-3 of the Exchange Act.
My honest feeling on the RS is that it had to be done but we really hoped it wouldn't. 95% of the time an RS is really bad for the PPS, BUT if MELY is able to get the servers up and running and generating income, there should be no reason why the PPS doesn't go past $0.10 even if it dips initially after the RS.
It's all on the servers, if they show up we all get rich. If not, well I guess a lawsuit is coming lol
$MELY still believing
By the way, from what I'm reading, we still get the full preferred shares based on our shares before the RS right ?
Where's the $12.5 million in funding? I thought we would had it by now
Now that's a FINISH !!
3 point game, time for the Patriots to take over !
Yes to all your questions lmfao !!!
Patriots are going all the way tonight !!
Don't hate the player (or coach) hate the game
Is it publicly traded and can I buy shares @ 0.0001 ? :)
Patriots alllll the way !!!
In Scott's 2nd email communication with yourjustadonkey he said :
Date: Wed, 14 Jan 2015 12:45:18 -0500
Subject: Re: btcpoolparty article
From: talontech1@gmail.com
To: XXXXXX@hotmail.com
HI XXXXX,
I have read some things on Shone and in fact I just interviewed him. I was not quite sure on how the past stuff he may have done fit with BTC Pool Party as the company is definitely more than just him. In fact one of the things that came up was the need for transparency based on people worrying about shady businesses. The parent company is publicly traded as well in the US so they are under more scrutiny. Juan is also very anti shady business.
So far I think they are going to do very well being transparent and having a third party audit system in place.
I will make sure to note your concerns though.
Juan is working very hard on it as well. Very aggressive in getting this going. I am watching it all with interest that is for sure as it could be what mining needs to turn the corner. Add in Spondoolies is working on a bit to their chips that will allow transparent contract locking and verification at the chip level. This will allow cloud mining services to be even more transparent.
I will keep you up to date on what I see and find. If you have an info feel free to share I am always looking for info.
Thanks again and have a great day,
Scott
No no it's a joke he's having fun
The way the ask shrunk towards the end there tells me people are still hoping that the company PR's and the PPS explodes. I still feel good about it, let's hope we see big things from MELY
TO DA MOOON !! I booked first class already in rocketman's ship
Me too but instead of the Porsche, it'll be a Benz S63 AMG Brabus
I'll take $0.10 :)
43 mil trade just went through !!
So if we don't get a PR by tomorrow, is it 100% we get the divy?
Are we going to get a PR about the divy today ?
It makes sense they want the convertible notes to finish before they release a PR because they want the share price to start moving.
Also, if you consider the timing of the divvy, the Xmas update on the btcpoolparty website, there was no reason to have the servers sitting around the warehouse while you're still getting the warehouse prepared for the servers. They must've just finished up with the upgrades, now pay for the servers and have them in about a week, then PR, turn servers on and like they say .....
TO DA MOOOON !!!!
$MELY
IMO
1 PH/s +/- to start and assuming Juan brings his 600 + TH/s with him that's 1.6 PH/s to start imo.
We should be seeing that in about 2 - 3 weeks imo
I'll have the server update email posted very shortly ... servers are coming IMO and this is no bs
$MELY
Meant to say let us know if they reply
Let us know if they trying. It would be EPIC if they bought MELY!!
Gone already lol
If you were Brett, got this far with Mely, spent all this time and left with nothing more than 105,000,000 shares currently valued @ $10,500.00, wouldn't you make sure that whoever is taking over will only help increase PPS and therefore things like R/S are out of the question?
Historical Short Selling Data For MELY
Date VolShorted High Low Close ShortVol RegularVol
Jan 26 24.81% NA NA NA 278,027,632 1,120,679,823
Jan 23 43.34% NA NA NA 170,563,599 393,523,645
Jan 22 72.74% NA NA NA 43,703,300 60,083,001
Jan 20 12.92% NA NA NA 7,771,328 60,144,997
Jan 16 93.74% NA NA NA 17,970,999 19,170,999
Jan 15 92.16% NA NA NA 72,746,099 78,931,099
Jan 14 78.65% NA NA NA 26,739,498 33,996,998
Jan 13 27.90% NA NA NA 53,582,000 192,030,200
Jan 12 25.40% NA NA NA 223,730,705 880,876,233
Jan 09 9.45% NA NA NA 45,972,999 486,234,422
Jan 08 57.99% NA NA NA 301,488,908 519,898,437
Jan 07 54.60% NA NA NA 72,555,284 132,892,264
Jan 06 79.12% NA NA NA 140,638,500 177,753,498
Jan 05 92.79% NA NA NA 292,092,769 314,805,769
Jan 02 99.83% NA NA NA 88,950,276 89,100,276
Dec 31 98.16% NA NA NA 58,427,400 59,522,256
Dec 30 99.13% NA NA NA 53,054,442 53,521,442
Dec 29 97.65% NA NA NA 31,984,989 32,753,489
This wasn't a dump by Brett, this was the last of the Convertible Notes until March. There were 2 of them and this was the final one which was approximately $110,000 if I'm not mistaken
$MELY
BKRT showing a mil only now
Is it possible we see a PR today? It's only 9:45 am in the west coast
$MELY
We knew there were 2 notes being converted and we knew they weren't done. I don't know why you're so surprised today. This is good because they're almost done now
Don't forget this is the last of the CN until March. Time for a run is now folks
$MELY
Anyone have the phone number for MELY? I would like to call them and talk to them.
Thanks
BKRT moved to 1's. Only 5 million shares left from them and VNDM is showing 1 mil on the 2's.
Looks like dumping is coming to an end and this thing is ready to fly !!
$MELY
Wait till the company releases a PR and see how quickly the ask gets eaten up.
MELY bring the servers and an update !!!
That would be amazing !! Go $MELY
BITCOIN IS STILL RISING !!!
$MELY