Grand Master Jedi
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Im sure, and yes, it has been taking a long time as I’ve been in this for 5 years now but that doesn’t negate whats coming. When the new digital financial system called ISO 20022 goes live only compliant digital assets/cryptos will be apart of it. I only see utility tokens surviving the purge and those that do will preform extremely well. Until the new financial system goes live were not gonna see utility tokens like $XRP or $XLM hit there full potential but once theres regulatory clarity were gonna head north fast. Now if Ripple beats the SEC then I believe were gonna break out like nobody’s business. I remember one firm predicting anywhere between $15-$30. Now those who’ve been following the developments of the new financial system know that the Bank for International Settlements (BIS) is owned by the Central Banks which fosters ALL international cross border transactions. Its the tentacles of the Central Bank. The Central Bank Digital Currencies (CBDC) have been in the testing stage for years now, which will be used in ISO 20022. Blockchain with the use of digital assets has made it possible for high quality real time payments to become reality. November of this year is the KICK OFF and will mark the start of the migration of ALL cross border payments into the new system (ISO 20022) and will last until November 2025. Thats three years. TRILLIONS is processed daily through cross border payments so it makes sense for it to take three years to migrate over all transactions. The estimate is by 2025, the new system (ISO 20022) will support approx 90% of transactions globally. Once completed is when we’ll see the implementation of the new system. The old legacy banking system will be replaced as we’re witnessing a controlled demolition of it. It doesn’t take much to see that the path we’re heading down is unsustainable. How they’ll do the switch though from old to new is anyones guess but they won’t be ready until everything is migrated over to the new system in 2025. IMO, those who aren’t positioned accordingly (cryptos & metals) won’t survive the collapse and many are going to up needing Universal Basic Income (UBI). The good that will come out of a new digital system is that theres almost 2 billion unbanked people in the world. The new system will connect every consumer directly to the Central Banks through their smartphones and the whole world will be banked. I believe the move to start getting rid of cash will begin after the migration to the new system is completed and digital money like the digital Dollar or digital Yuan is ready for use. They’ll be no need for actual cash within this system anymore. Although this new system has a positive side to it the downside will be the level of control that the Central Bank will have over consumers and enterprise. When you have the ability to control commerce, buying and selling, you’ll have the ability to control people. In the end thats what this is all about…control.
Heres is Agustín Carstens one the heads from the Bank for International Settlements (BIS). Listen carefully to what he said in 2020:
“Our analysis for CBDCs (Central Bank Digital Currency) for the general use we tend to establish the equivalence with cash and there is a HUGE difference there. For example, in cash, we don’t know whose using a $100 bill today or whose using the 1000 Peso bill today. The KEY difference with the CBDC is that CENTRAL BANK will have ABSOLUTE CONTROL under the rules and regulations that will determine the use of that expression of a CBDC (from the consumer) and also will have the technology to ENFORCE IT. Those two issues are extremely important and that makes a huge difference to what cash is.”
Agustín Carstens, general manager of the Bank for International Settlements, says, "Our analysis for CBDCs [Central Bank Digital Currency]...with cash we don't know who is using a $100 bill but with CBDCs, the central bank will have absolute control that will determine the use." pic.twitter.com/DKE83exkhP
— James Lindsay, anti-Communist (@ConceptualJames) February 9, 2022
I agree
Yes strong support built on .03. Every time she would fall under .03 it would bounce right back over .03.
I agree….as it can drop anytime beginning from today through the 6th.
If one looks at the time of previous filings its been between 15:00 to 16:00 hours which in military time is between 3-4 o’clock.
When it drops its gonna be after hours…its gonna be sweet.
$$$SYSX$$$
This deal was set to close last month but agreement needed to be amended. If discussions over the terms were still ongoing they wouldn’t of gave the closing date of June 30th. This deal is DONE and when its announced were gonna gap up to .10. Lets go!
$$$SYSX$$$
Feeling news after hours
If this happens Id like to see how they’ll classify ETH a commodity while trying to label XRP as a security.
Side Note: If Tether collapses and XRP goes to .20 Im buying a block of 100k.
The agreement was suppose to close last month on May 24th but the parties amended the agreement. Thereafter the amended terms were restated which occurred on June 10th. The only way this doesn’t close is if the parties agreed to new terms again over the past week and if so the agreement will need to be amended again. Im not seeing that happen within one week as it already occurred last month. Im expecting a close to this agreement sometime tomorrow…and could happen post market as well. JMO
Buckle up….its coming.
$$$SYSX$$$
Yes I agree…
Those selling are listening to the noise and have decided to not take the risk as they’re assuming the deal may get held up. Nobody expected the 8k so Im not seeing a delay happen as these guys sound ready to go….this deal is coming and when it does were gonna gap up to .08-.10.
I look forward to those who end up chasing this when news drops tomorrow.
Yes it would be sweet for that very reason…
News post market today would be sweet but may end up being post market tomorrow.
RS announced on Friday and was effective Monday? Something is very wrong with that window as no documentation for a corporate action is announced and submitted on same day and then approved by Finra on Monday. Thats crazy as they don’t even work over the weekends plus the announcement of any corporate action must be announced first before docs can be submitted. Never heard it done on the same day unless you’re a stinky pinky trying to cut corners and get it done as fast as humanly possible but nobody’s getting a corporate action announced on Friday and then approved on Monday by Finra. Maybe 3-4 weeks if you have everything ready to go specifically vote approval.
Never spoke about it pumping to dollars. Breaking through those kinds of resistance levels takes a coiling to happen which can certainly take place here but not seeing that right now. I think the anticipated news tomorrow can bring a 300% gain or higher. The market wants assurance and if the news breaks tomorrow the market is going to react. If its disseminated post market then market will respond on Friday.
Save it. This term is thrown out so loosely that most don’t even know what it looks like to be in one anymore. I know pump n dumps and this is not even close to being one.
Yes, its definitely a process and not something that happens overnight. Finra has a list of required docs needed as well as the vote approving the corporate action. Once submitted it needs to be reviewed by Finra and thereafter a series of back forth between Finra and companies counsel will takes place. Once Finra is satisfied with the documentation the split would be approved.
Shes been trading sideways and building support….expecting a bounce into the .06’s before news is released.
Im reading this very different…were on different planets with what this means.
Yes they will! $SYSX$
People are gonna kick themselves for not adding or taking new position here. Lets go!
$$$SYSX$$$
Yes, reversal coming.
Crazy opportunity to averaging down at. Bought some large blocks.
My goodness….if that happened we would surge north faster then a fat kid doing a belly flop from the high dive. Lets go!
$$$SYSX$$$
Right, it has to be voted on still and isn’t even till next month so all this concern over it with whats coming this week is gonna be a missed opportunity for some.
Sounds like your reading into the bulletin boards too much but GLTY. IMO, its to soon to be selling before the 30th and the vote for possible RS isn’t till next month anyhow. Theres pros and cons when it comes to splits but whats key now is the coming value into the company and removal of debt.
RS vote doesn’t even happen until next month but even if they do get the votes not all RS go south. $SYSX will not only have new value but will have no debt. If they want to uplist like their saying they do they’ll be able to maintain a higher PPS with new value and no debt.
Exactly…
BUY. BUY, BUY! $SYSX heading north….
Sick prices to get in at…
Accumulating…
$SYSX will be getting $70M worth of preferred shares from Ostendo for their ETH assets.
Talk about speculating, lol. Next are you going to say that the ETH assets that $SYSX has and that Ostendo wants isn’t real?
"The closing of the transaction is to occur no later than June 30, 2022, unless mutually extended in writing by the parties."
Not some but ALL deals have this type of language in them and has no bearing on the deal closing or not. It actually says it is to close but could be extended if mutually agreed upon. To say the 8k isn’t factual because the PPS is nonsense. No company like Ostendo lets a public company put its name in a filing that an agreement is going down if it isn’t. Thats not a small thing and shows the deal is certainly happening.
Its going to be an exciting week here…
Yoda doesn’t know but would love to see this stock gain 3% of that $15 back and hit .50. Come on $SYSX!!
Reading that just made my afternoon coffee taste like $100 bills. If I waited to buy I could’ve snatched up another 150k shares. Oh well…when were at .10 I won’t give a rats ass.
He’s really driving the R/S narrative. For him to say the only way to get to $10 is by R/S is speaking in absolutes. Never wise to speak like that and leads me to question his narrative even more. R/S have to be announced, voted on and then approved. They cant be done flippantly. The SS here is not bloated anyhow and have seen SS this size surge .20 in one day. Its not small but its certainly not bloated and in need for a R/S.
Wow….
Understandable. Any insight about the merger on 6/30? I know nothing is ever 100% until its done but any links or info you have about the merger to read up on would be appreciated.
I thought it came out yesterday. This is big news. Market isn’t reacting as much as I thought it would.