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yes I got some 4's .....
Yes sir...another $700-800k in yearly revenues in those little boxes ;0 .
X2....I think its going to happen ...
Just curious ...I rode a penny stock one time from the trips to ` 30 cents years ago and had the biggest trade of my life..... I am just curious to hear others stories on their succesfull penny rides and what was your pps exit strategy and what is your gut feeling on how high SANP could go on its "D-Day" taking into consideration its current OS count......
X2 ....I am not for buying a building right now ....this industry is
still too vulnerable and in flux to drive stakes into the ground.
Yep ...somebody knows something
"Volume precedes Price$$$$$$$$$$."
Say it all falls into place ....
We get an official announcement via OTC markets PR / twitter , a
letter from Li welcoming shareholders ,the merger is complete and
we are NOW a part of Canoe , CanoePool.US etc.....
What are we worth on that day ? Is our worth based on being
basically Canoe ? Or is our worth based on the POTENTIAL of what a
Canoepool.US buildout MIGHT produce ?
I am in another young stage crypto mining outfit right now doing
about 100k a quarter in profit - current declining share
price is around $1.00 .....so using that as a point of reference
what are we worth post merger day one ? Honestly my gut feeling
is we will be screwed and have a stock split right with or along
with a merger announcement if it EVER comes.......
Money Token laymens terms :
" The MoneyToken platform allows you to borrow liquid funds
instantly, based on the current value of your cryptocurrency asset
holdings. You take out a loan, collaterized with more volatile
assets such as Bitcoin or Ethereum - and in return you receive an
agreed loan amount in a stable currency.
And after loan repayment you will receive your whole collateral back
even if collateral has many times increased in value.
This way, you're able to acquire liquid funds, save your crypto
position and stay in the investment game in the long run. "
Why I am here ....
Watch this video on Bitmains Wu's comments - hes the head of Bitmain and a personal friend of Ang Li .
Looks like they are definitely back online 100% and forging ahead .....
For those late to the party - the story in a nutshell ......Canoes hash rate went way down over the last few months - it was rumored they were moving their equipment physically out of China as the Chinese government told miners to wind down their operations ...NOW Canoes hash has been ramping back up significantly .... again speculation says they have successfully moved their equipment, its back online and successfully mining coins . The last 24 hrs Canoes Bitcoin share was 1.39 % and the last block reward was 12.5 btc 7 hrs ago
Time 2018-02-08 06:13:56
Difficulty 2,874,674,234,415.94
Bits 392292856
Number Of Transactions 1338
Output Total 5,850.2988956 BTC
Estimated Transaction Volume 1,372.00175451 BTC
Size 1040.139 KB
Version 0x20000000
Merkle Root 98f0bb94fc154733f22ac54994e9637981900fcee8a0db7d5880b5b79ca3853d
Nonce 2699712111
Block Reward 12.5 BTC** $105,287 todays bitcoin price
Transaction Fees 1.00861384 BTC
Tx !!! Pretty sure that is where we are headed ...as he is out of funny money
at this point :) .
Basic trading question.... I have never been through a reverse stock split ....
"IF" theoretically we are sitting at 10 cents and I have a sell order setup and sitting out there for my 10 shares at $1 = $10 proceeds , Franjose then announces a 10:1 stock split so now I only have only 1 share but its valued at $1 would my sell execute automatically at $1 for the one share ?
Recall the original sell order is based on me having the 10 shares I started with but now I only have 1 share due to the split but it hit the $1 target price........
Well said and 100 percent correct ......
So our revenue should just be under 2 mil a year with close to 400 rigs
running ,,,,what is every ones price per share target at that point when we
get to 400 rigs just curious ?
All Cryptos taking hits today ....RIOTS shady dealings finally catching up with them ...MGTI shadyness catching up with them... N O N E of that crap going on here.... yes we are peeling back but I think its the sector doing that to us right now .... this is still at least a $10 stock IMO when all 400 rigs are cranking within a few months .....
VALUATION discussion : 1.8 million gross projection so far ......Rubakhs math
" Ok, lets do lil math. https://www.nicehash.com/profitability-calculator …
Antminer L3 showing $12.65 per rig/per day in revs. which is lil too low. Lets use $13.50. So, lets go 385 rigs x $13.50 x 30 days x 12 months = $1,871,000 milllllllllllllllllllllllllllllll (gross)"
When the additionaL Mobile mining unit comes online with minimum 50 rigs thats another $243,000 gross ...so now we will be grossing 2,114,000
with 435 rigs
LUDLOW research had us pegged at $3.00 pps based on their analysis "These initial 65 units coming online are expected to generate $987.00 per day, or around $30,118 per month for the company,"
65 rigs = $361,416 gross revenue = 3.00 pps target via Ludlow research
SO NOW we will be running 6.69 times that many rigs ...so 6.69 * 3.00
pps = $ 20.07 target price ...then subtract debt building
purchase etc ....EASILY I would say we are a $10 stock now ... NO ?
RS = ditto :(
Mobile mining unit number one is a marketing tool / joint venture Mr. R. stated on twitter ....again great news .
REAL , COMPLIANT , EXECUTING ITS CLEARLY STATED PLAN , PROFFESSIONAL , 100% TRANSPARENT , S M A R T ....... what other crypto player offers this ? N O N E I have come across ....GO INTV and Steve !
$750k came from Chicago Venture Partners ...the head is a Harvard grad
"John Fife
John founded CVP as the principal investor and Managing Partner in 1998. A lifetime entrepreneur and investor, John has founded and successfully manages several small businesses in a variety of industries. Additionally, John has made personal investments in at least twenty privately held businesses. Prior to founding CVP, he was an Assistant Vice President at Continental Illinois Venture Corporation (CIVC), a leveraged buyout subsidiary of Continental Illinois bank, where he played a key role in the identification, evaluation and monitoring of control investments. Further, John served as CIVC’s representative on the board of directors of four portfolio companies. Prior to attending graduate school, John was a consultant at Oracle Corporation. John received a MBA from the Harvard Graduate School of Business and dual undergraduate degrees in Statistics and Computer Science from Brigham Young University."
I dont know what the logic is behind purchasing a $349k mobile mining rig ? Any thoughts on why he did this since we are buying a $600k building ?
The use of proceeds for this $750,000 funding round is as follows:
· to purchase mining rigs and related equipment from Bitmain Technologies
· to fund a security deposit for the purchase of Commercial Real Estate
· to initiate the development of the LoanFunder
In January 2018, the Company placed Purchase Orders with Bitmain Technologies for in excess of $600,000 of digital currency mining rigs and related mining equipment.
On January 30, 2018, the Company had placed a purchase order for one (1) Mobile Mining Center ("MMC").
Estimated delivery date is March 15, 2018.
The specifications as follow:
Size: 20' (6058mm x 2438mm x 2896mm)
Cooling: AC
Ventilation: 4 fans (24")
Power: 220V
Mining Capacity (# of rigs): 50-75
Additional Equipment: metal cabinets/shelving/desk
Color: Black
MSRP: $299,000 (fan cooled)/$349,000 (air cooled)
Could be anything...my guess building is purchased / closed on ....Form 8-K
Form 8-K is the “current report” companies must file with the SEC to announce major events that shareholders should know about.
The instructions for Form 8-K describe the types of events that trigger a public company's obligation to file a current report, including any of the following :
Section 1 Registrant's Business and Operations
Item 1.01 Entry into a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement
Item 1.03 Bankruptcy or Receivership
Item 1.04 Mine Safety - Reporting of Shutdowns and Patterns of Violations
Section 2 Financial Information
Item 2.01 Completion of Acquisition or Disposition of Assets
Item 2.02 Results of Operations and Financial Condition
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Item 2.05 Costs Associated with Exit or Disposal Activities
Item 2.06 Material Impairments
Section 3 Securities and Trading Markets
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.02 Unregistered Sales of Equity Securities
Item 3.03 Material Modification to Rights of Security Holders
Section 4 Matters Related to Accountants and Financial Statements
Item 4.01 Changes in Registrant's Certifying Accountant
Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
Section 5 Corporate Governance and Management
Item 5.01 Changes in Control of Registrant
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.04 Temporary Suspension of Trading Under Registrant's Employee Benefit Plans
Item 5.05 Amendment to Registrant's Code of Ethics, or Waiver of a Provision of the Code of Ethics
Item 5.06 Change in Shell Company Status
Item 5.07 Submission of Matters to a Vote of Security Holders
Item 5.08 Shareholder Director Nominations
Section 6 Asset-Backed Securities
Item 6.01 ABS Informational and Computational Material
Item 6.02 Change of Servicer or Trustee
Item 6.03 Change in Credit Enhancement or Other External Support
Item 6.04 Failure to Make a Required Distribution
Item 6.05 Securities Act Updating Disclosure
Section 7 Regulation FD
Item 7.01 Regulation FD Disclosure
Section 8 Other Events
Item 8.01 Other Events (The registrant can use this Item to report events that are not specifically called for by Form 8-K, that the registrant considers to be of importance to security holders.)
Section 9 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
So since the board now has Canoes appointed directors x2 - cant we assume the mergers previous items listed below have in fact already happened ?
Under the terms of the LOI, upon execution of the definitive merger agreements, SANP shall issue to Canoe Pool 150 million shares of preferred stock of SANP, representing approximately 35% of SANP's post-merger preferred stock, and 50 million additional shares of preferred stock upon achievement of certain Bitcoin Mining technology goals, representing approximately 40% of SANP preferred stock. Canoe Pool shall have the right to appoint up to three directors to the SANP Board of Directors,
HMMMMMMM
Antpool is another Chinese based mining pool, maintained by the ASIC manufacturer, BitMain. Antpool has mined nearly 20% of all blocks over the past year. Antpool currently has a hashrate of about 675 Petahash per second (PH/s).
There is some speculation that AntPool disguises its true hashrate by running subsidiary pools. These are said to include ViaBTC, BTC.com, GBMiners, CANOE and possibly others.
Did you ever act on this ? Just curious......
Is today the day we have been waiting for -penny - .01 today ? $SANP
"Franjose (should) know how much that would hurt us common shareholders. "
Guys like him could absolutely care less about the impact on current shareholders a RS would have and believe me its coming ........
CRCW and LFIN are two examples of cryptos that went absolutely
berzerk recently pps wise ..... I thought awhile back this had
the potential to do exactly the same ESPECIALLY since it was
stated we were merging with Canoe that had a proven track record
and 2 % of the world share of bitcoin mining. So basically for sub
pennies you were buying into Canoe and its massive pockets and
acumen in the crypto space . I figured a stock split would then
be announced to wrangle that SS in so a $10 target was not out of
line based on other crazy cryptos that didnt even have an
association with the likes of Canoe .....but then it turned out
to be just another pump and dump based on carefully worded pr's
skirting on the edge of legality and forward looking bs .... you
cannot change a leopards spots.
Agreed ...Instagram - we dont even know if thats the owners of SANP posting that ..... NOT that it means anything either but someone created a Canoe pool America twitter account this month but not a single tweet there ...
https://twitter.com/CanoeAmerica
smoke n' mirrors ..........
"Integrated Ventures Receives $750,000 Equity Investment And Plans To Aggressively Expand Mining Operations"
More shovels in the ground !!! Simply : at this stage in crypto more rigs = more cash coming in monthly....
Bought a little more today ....thee most mysterious stock I am in right now ....ABSOLUTELY the best managed co. hands down I am in with a concrete plan - but doesnt have the secret crypto sauce apparently to make it move like others .... Y E T !
Thanks Akula for the DD .... Yes cheap power or supplemental solar power would be the way to go for expansion as when the difficulty level goes up your rig count must go up to maintain the same monthly revenues ..... They could have BOUGHT mining share in a pool from an existing outfit with our money and gotten this actually rolling and some actual revenues coming in but they were too stupid to even accomplish that ....I dont think Li was ever involved or considering a reverse merger with these two running this shell ....... Split is on the way thats all my gut tells me as he is out of funny money. You know you are in trouble when people start claiming "their sources" tell them this or that in a penny stock ....alot of people are in deep here and unfortunately are going to lose alot - once the split comes the final nail in the coffin -that is until the next big idea these two dream up , next round of suckers steps to the plate and it starts all over again ...... analog mining , luxury cigars , goya , crypto mining , whats next ?????? .... I M O .
That project was completed October 6 .... time frame does not line up and the proposed rig count would never fit in that space .... also if Li is involved I doubt he would agree with plywood and bread carts ...
And usually the receptionist is shared....this all means nothing unfortunately but appreciate the effort anyway ,what matters is that we havent heard a thing , there are no filings for a merger , no updates on a merger , no revenue , no rig count , hell even the location of the pathetic 12 rigs is unknown and if they are even running, no twitter BS other than cut and pasted stories ....all we heard was there was SUPPOSEDLY a fire , they were asked to leave their rented space ..... this isnt rocket science guys I am in another crypto right now that went from zero rigs to 125 rigs and over 130k in revenue in just 2 months ... these guys blew it and Li probably walked away -if he was even ever officially involved in the first place ...you cannot change a leopards spots ....... our money is gone , a split is on the way - rinse and repeat....... I M O .
Selling points of INTV versus every shady Tom , Dick and Harry Crypto stock out there ....
CEO , totally open and NO bs .
Announced plan and executed that plan ....
Revenue streams from mining rigs growing monthly.....
Diversified between mining , manufacturing rigs and in the future the loan industry ....
as long as Mr. R is relentless in increasing the rig count we are good ...as the difficulty level goes up each rig produces less - so that rig count needs to keep increasing ....
Something in the future to think about is with all these ridiculous crypto companies market capitalizations being sky high for literally no reason - they have alot of cash sitting around and they are literally producing nothing at all. We either sell them one of our existing mines for a multiple OR we build them a portable mine etc...ASAP.
XIOT is a complete boondoggle and lots of shady stuff going on there ......YET its stock price is still crazy high ... makes no sense , go figure .
Alot of smaller miners relocated to adjacent ,nearby ,crypto friendly Asian countries ...... trust me that isnt and those mined coins ARE NOT coming to Canoe.pool.US ....
Thats NOT CanoePool.US ....
Think about it - IF a reverse merger was REALLY happening they wouldnt need to dilute OR Increase the AS share count...Canoe has HUGE deep pockets from mining in China and thus funds for all the equipment , space etc...again this in ITSELF is an indicator this supposed business pivot has been nothing but a scam wrapped in crafted , forward looking BS... F + M dreamed it up and pulled off well - one last time before increasing the AS count once again ....... rinse and repeat with the next round of suckers FWIW .
"Regarding continued dilution. A simple tweet saying we are increasing shares to raise funds for more machines and stock price would zoom up. Leave us hanging and price is likely to slowly dwindle. "